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The Australian dollar has posted strong gains on Thursday. In the European session, AUD/USD is trading at 0.6377, up 0.55% on the day. Australia’s job growth beats forecast Australia’s labor market continues to shine. The economy created 44 thousand jobs in January, blowing past the market estimate of 20 thousand. This followed an upwardly revised […]

The post Aussie Hits 2025 High on Strong Jobs Data appeared first on Action Forex.

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30/08/2024

Cliff Notes: Capacity is Paramount

Key insights from the week that was. In Australia, the latest Monthly CPI Indicator reported an easing in both headline and underlying (trimmed mean) inflation, from 3.8%yr and 4.1%yr in June to 3.5%yr and 3.8%yr in July respectively, broadly in line with expectations. The onset of cost-of-living relief measures were crucial to the latest step-down, […]
13/11/2024

Crypto Market Locks in Weekly Rally

Market Picture The crypto market cap fell to $2.88 trillion, down 5% over the day. It appears that the market has started to take profits after a week of rallying. The first target for such a pullback appears to be the March-June resistance area around $2.70 trillion. However, we are optimistic that the market may […]
13/03/2024

CADJPY Wave Analysis

CADJPY reversed from support level 109.00Likely to rise to resistance level 110.00d CADJPY currency pair recently reversed up from the support level 109.00 (low of the previous correction 4) coinciding with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from December. The upward reversal from the support level […]