In focus today In the U.K. Chancellor of the Exchequer Jeremy Hunt will deliver his spring budget. With the general election looming the chancellor is expected to present a range of expansionary measures, namely tax cuts. In the US we get both JOLTs for January as well as ADP employment numbers for February. FOMC chairman […]
AUDUSD remains in red for the eighth consecutive day and fell to the lowest in six weeks in early Wednesday. Aussie dollar remains under increased pressure from stronger US dollar, falling prices of commodities and concerns about China’s economic growth. Bears cracked pivotal support at 0.6580 (200DMA / 50% retracement of 0.6362/0.6798) after Tuesday’s close […]
The post AUD/USD: Bears May Pause for Consolidation, Daily Cloud Top to Cap Upticks appeared first on Action Forex.
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