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Markets August US retail sales were supposed to provide final input yesterday as investors concluded their positioning going into today’s Fed policy decision. Overall the report was marginally stronger than expected (headline sales +0.1% vs -0.2% expected after a strong upwardly revised 1.1% in July, core control group sales 0.3% M/M as expected but July […]

The post Markets Will Finally Get the Fed Verdict Today appeared first on Action Forex.

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05/04/2024

AUD/USD and NZD/USD Remain In Uptrend

AUD/USD is correcting gains from the 0.6620 zone. NZD/USD is also moving lower and might attempt a fresh increase from 0.6000. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6620 against the US Dollar. There is a key bullish trend line forming with support at […]
13/12/2023

Trading Probably a Long-Drawn Countdown to Fed Decision

Market November US CPI yesterday was the final piece of the monetary puzzle before today’s Fed decision, but it didn’t change the global portrait. At 0.1% M/M and 3.1% Y/Y (headline) and 0.3% M/M and 4.0% for the core, the outcome was close to, maybe marginally higher than expected. Markets also didn’t know what conclusion […]
16/01/2024

Australian Employment Report in Focus as Aussie Dives

Australia to add fewer jobs than before Unemployment rate to remain unchanged Aussie plummets ahead of the release on Thursday at 00:30 GMT Data on employment continues to be relatively reliable. In most months, the increase in the labor force is bigger than the rise in unemployment. This is helping to keep the unemployment rate […]