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In focus today We receive the German ZEW data for September today. The assessment of the current situation has been stuck at very low levels the past year and the expectations component has fallen in the past two months following a strong rebound. As risk sentiment in markets in September has been sour, we expect […]

The post USD Easing Ahead of Fed Rate Decision appeared first on Action Forex.

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24/07/2024

NZDJPY Wave Analysis

NZDJPY falling inside ABC correction (2) Likely to reach support level 92.00 NZDJPY currency pair falling sharply after the price broke the support area located between the support level 95.50 and the 38.2% Fibonacci retracement of the previous impulse (1) wave from April. The breakout of this support area accelerated the active impulse wave C […]
20/02/2024

Sunset Market Commentary

Markets A quiet weekend, uninspiring overnight Asian dealings, an all but empty economic calendar & US financial markets closed for Presidents’ Day. Those are the poor cards European market were dealt with at the start of the week. It doesn’t come as a surprise, then, to see German yields, the euro and European equities basically […]
17/01/2024

EUR/AUD Technical: AUD’s Underperformance Remains Sticky

Current bout of risk-off behaviour has triggered an underperformance of higher beta risk-sensitive currencies such as the AUD. China Premier Li Qiang’s speech in Davos has signalled “a lesser need” for China to enact massive stimulus measures which in turn may see lesser industrial commodities exports from Australia in the near term. AUD’s weakness has […]