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The Australian dollar gained for the third trading session, accelerating its growth to 0.5% on Tuesday after the Reserve Bank of Australia decided to keep its key rate at 3.60%. Analysts widely anticipated the decision, but the official commentary on the decision contained hawkish notes, which played into the hands of the AUD. The RBA […]

The post Uncertainty Benefits AUD, While Shutdown Hurts USD appeared first on Action Forex.

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USD/JPY Under Pressure: All Eyes on Bank of Japan Rhetoric

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21/05/2025

Gold Eyes New Upside — Fresh Increase on the Horizon?

Key Highlights Gold found support near $3,120 and started a fresh increase. It cleared a key bearish trend line with resistance at $3,220 on the 4-hour chart. EUR/USD is moving higher above the 1.1250 resistance zone. WTI Crude Oil prices recovered and climbed above the $63.00 level. Gold Price Technical Analysis Gold prices remained supported […]
19/02/2025

UK Inflation Has Not Inspired Pound Buying

UK inflation is accelerating, reducing the scope for the Bank of England to ease monetary policy to support economic growth. Headline price growth accelerated to 3.0% in January, up from 2.5% at the end of last year and 1.7% in September – a couple of months after BoE’s rate cut kick-off. Even more striking was […]
07/11/2024

Gold Wave Analysis

Gold broke support area Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October. […]