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The Japanese Yen (JPY) strengthened against the US dollar (USD), according to reports that the Bank of Japan (BoJ) is likely to raise interest rates next week as long as there are no significant disruptions with Trump’s presidency. Markets are pricing in a 0.2% rate hike for the January 24th meeting, which has boosted confidence […]

The post AUDJPY Preps for a Bullish Rally appeared first on Action Forex.

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18/12/2023

Bitcoin and Ether Set to Deepen Correction

Market Picture The crypto market has started the new week with a correction sentiment, reducing capitalisation by 3% to $1.54 trillion in the last 24 hours. As is often the case with intense moves, Bitcoin looks more stable than the market, losing only 1.8% to $41.1K. Ethereum is down 2.3% to $2160. Bitcoin is once […]
29/05/2024

Australian Dollar Hits 0.6650 Amid Mixed Economic Signals

The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions about the Reserve Bank of Australia’s (RBA) future interest rate decisions. Despite the uptick in inflation, […]
22/10/2024

Aussie Unsettled as US Election Risks Rise

AUD/USD starts the week fragile, trading at 5½ week lows in the mid-0.66s. The local and international data slate is thin this week, but consequential events loom in late October and early November – Q3 CPI (30 Oct), US Oct payrolls (1 Nov) and the US election and the RBA (both 5 Nov). A stellar […]