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AUDUSD charts new low after disappointing jobs data Short-term outlook remains bearish; sellers eye 0.6470 support AUDUSD continues its bearish slide, hitting a three-month low of 0.6458 in the wake of weaker-than-expected Australian jobs data early on Thursday. Having slumped below the key support trendline that delivered two impressive bullish cycles earlier this year, the […]

The post AUDUSD Remains in Red; Sellers Seem Cautious appeared first on Action Forex.

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29/05/2024

Dollar Tries to Extend Gains

Markets Global bonds trading took a slow start after a long weekend in the US and the UK. Yields initially lost a few basis points. However, US Treasuries were hit by a triple whammy as the US session preceded. Mid-morning in the US, Fed’s Kashkari confirmed the more hawkish tone from last week’s Fed Minutes. […]
02/01/2024

Dollar Index: EU Inflation and US Labor Reports Eyed for Fresh Signals

The dollar index accelerated higher on the first trading day in 2024, extending bounce from five-month low of Dec 28 (100.30) into third consecutive day. Traders collected some profits from the broader downtrend, pushing the dollar’s price higher and sidelining immediate downside threats, as focus shifts to EU inflation data and US labor report, due […]
07/09/2024

Weekly Economic & Financial Commentary: Rate Cut at Sept. 18 FOMC Meeting, 25 bps or 50 bps?

Summary United States: Rate Cuts Incoming The August jobs report did little to settle the debate if a 25 bps or 50 bps rate cut is coming this month. We’re sticking with 50 bps, but acknowledge 25 bps as a real possibility. Firms continued to hire in August and the economy kept expanding. Attention is […]