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AUDUSD poised for a move—traders should stay alert! The AUDUSD pair, often referred to by traders as the “Aussie,” is a major currency pair representing the exchange rate between the Australian and US Dollar. The Australian Dollar is heavily influenced by commodity prices (especially iron ore and gold), interest rate decisions by the Reserve Bank […]

The post News of the Week (September 23—September 27): AUDUSD Review appeared first on Action Forex.

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18/11/2024

New Zealand Dollar Slips to One-Year Low on Weak Services PSI

The New Zealand dollar has started the trading week with losses. In the European session, NZD/USD is trading at 0.5837, down 0.50% on the day. This is the New Zealand dollar’s lowest level since November 2023. New Zealand Services PMI stuck in contraction mode New Zealand Services PMI inched upwards in October but remains in […]
28/03/2024

WTI Oil Futures in Fierce Battle With 50.0% Fibo

WTI futures post an almost 5-month peak But fail to advance further and hover around 50.0% Fibo Oscillators suggest that the bulls retain the upper hand WTI oil futures (May delivery) have been in a steady recovery from their December bottom of 67.97, posting an almost five-month peak of 83.10 last week. However, the advance seems to be on hold for now […]
13/12/2024

Keeping Up With the Central Banks

This week has been rich in terms of interest rate cuts from major central banks. The Reserve Bank of Australia (RBA) didn’t cut its rates but gave an unexpectedly dovish statement, citing that the RBA officials are turning more confident that inflation is on path toward their policy goal. The Bank of Canada (BoC) delivered […]