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AUDUSD extends steep upleg into fifth straight day and hit two-week high on Tuesday, as weakening US dollar and higher commodity prices continue to underpin Aussie dollar. Improving technical pictures on daily and weekly charts contribute to bullish outlook (daily MA’s mainly turned to bullish setup and positive momentum is strengthening, while last week’s massive […]

The post AUD/USD Rallies for the Fifth Straight Day, Eyes Key Barriers appeared first on Action Forex.

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30/01/2025

Fed Policy Meeting a Non-Event

Markets Yesterday’s Fed policy meeting was a non-event. The US central bank kept rates steady at 4.25-4.5% and suggested they would remain there for some time. A hawkist twist in the statement that left out the part saying inflation has made progress was dismissed by chair Powell as being part of a “cleaning-up exercise”. He […]
28/02/2024

Sunset Market Commentary

Markets Japanese inflation numbers for January this morning kicked off a moderately interesting eco calendar for today. A higher-than-expected outcome combined with base effects ready to push up the February reading rekindled expectations for the BoJ to ditch its negative policy rate and/or YCC programme as soon as March but more likely April. Japan’s 2-y […]
20/02/2024

XAU/USD: Gold Extends Recovery Despite Sticky US Inflation

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