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Markets With US markets closed for Martin Luther King Day, Europe was obliged to find its own intraday dynamics. After a sharp US driven (softer PPI’s) yield decline on Friday, German rates gapped higher at the open (+/-4 bps). Initially, there was little news to support a clear directional move. A preliminary estimate of the […]

The post Dollar Shows Broad Gains appeared first on Action Forex.

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AUDUSD Slips to 1-month Low

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08/03/2024

USD/JPY Nosedives After Rejection, Gold Extends Rally

Key Highlights USD/JPY started a major decline from the 150.80 resistance zone. It traded below a key bullish trend line with support at 150.00 on the 4-hour chart. Gold prices surged above the $2,120 resistance zone. The nonfarm payrolls could change by 200K, down from 353K. USD/JPY Technical Analysis The US Dollar struggled to clear […]
06/09/2024

ECB Preview – Dialling Back, But Pace Ucertain

On Thursday 12 September, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should fuel confidence in the disinflationary process being on track, in particularly given the slowdown in wage growth. We expect Lagarde to […]
26/08/2024

AUDUSD Wave Analysis

AUDUSD approached key resistance level 0.6795 Likely to rise to resistance level 0.6865 AUDUSD currency pair just approached the key resistance level 0.6795 (which stopped the previous minor correction 2 at the start of July) standing above the upper daily Bollinger Band. The subsequent price behavior near the resistance level 0.6795 will affect how this […]