Logo-color Logo-white

Key insights from the week that was. In Australia, GDP printed broadly as expected in Q4 2024, rising 0.6%qtr to be up 1.3% over the year. On a per capita basis, GDP rose for the first time in two years, albeit by just 0.1%, ending the longest run of consecutive declines on record. While both […]

The post Cliff Notes: Stormy Seas Ahead appeared first on Action Forex.

previous

Trump Extends Temporary Tariff Exemption for Canada and Mexico

next

EUR/USD Holds Firm as US Dollar Ends the Week With Losses

Read More

06/02/2025

NZDUSD Wave Analysis

NZDUSD reversed from strong support level 0.5500 Likely to rise to resistance level 0.5800 NZDUSD currency pair recently once again reversed up from the strong support level 0.5500, which stopped the previous sharp weekly downtrend at the end of 2022. The previous upward reversal from the support level 0.5500 created the daily Japanese candlesticks reversal […]
04/02/2025

Trump 2.0 Tariff Chaos/Unpredictability Continues

Markets The Trump 2.0 tariff chaos/unpredictability continues. High profile 25% levies announced this weekend on imports of Mexico and Canada obtained a last minute ‘delay ‘overnight. However, uncertainty persists. At the same time, 10% levies imposed on Chinese imports entering the US were applied ‘as planned’, triggering multiple, admittedly still modest, Chinese retaliation measures (10-15% […]
26/07/2024

USDCAD Eases After Aggressive Rally to 1.3845

USDCAD exits from consolidation area Momentum oscillators indicate bearish correction USDCAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday following the bounce off the 200-day simple moving average (SMA) near 1.3600. The pair climbed above the medium-term trading range, suggesting more gains may be on the cards. However, the […]