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The Australian dollar has rebounded on Wednesday and is in postive territory. In the European session, AUD/USD is trading at 0.6532, up 0.19%. The Aussie declined 0.52% on Tuesday, ending a streak of five consecutive winning sessions. Aussie GDP hits fastest pace in nearly two years Australian GDP grew 1.8% y/y in the second quarter, […]

The post Australian GDP Beats Estimate, Aussie Edges Higher appeared first on Action Forex.

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12/11/2024

Aussie Extends Losses, Wage Inflation Next

The Australian dollar has posted sharp losses on Tuesday. In the European session, AUD/USD is trading at 0.6544, down 0.44% on the day. Australian consumer, business sentiment accelerates Australian businesses and consumers are showing improved confidence. The National Bank Business Confidence index for October rose to 55, up from -2 in September and its highest […]
07/03/2024

All Eyes on the ECB

In focus today The Governing Council of the ECB is meeting today. Besides the regular rate announcement, we will also get updated staff projections. The new projections are likely to show inflation for 2025 revised down to 2%. Whereas neither the revised projections nor Lagarde are likely to close the door to a rate cut […]
12/12/2023

Nasdaq-100 Wave Analysis

Nasdaq-100 broke resistance level 16000.00 Likely to rise to resistance level 16500.00 Nasdaq-100 index recently under the bullish pressure after the price broke above the round resistance level 16000.00, which stopped the weekly uptrend earlier this year, as can be seen below. The breakout of the resistance level 16000.00 accelerated the active intermediate impulse wave […]