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The AUD/USD pair climbed to 0.6192 midweek, reflecting cautious optimism in the market. Traders remain vigilant ahead of key December inflation data from the US, which could influence expectations regarding the Federal Reserve’s potential interest rate cuts in 2025. Earlier, the Australian dollar recovered some of its losses as the US dollar reacted to Producer […]

The post Australian Dollar Gains, but Rate Uncertainty Limits Potential appeared first on Action Forex.

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15/04/2024

Gold in a Wait-and-See Mode

Gold opens near Friday’s closing price as safe-haven demand stabilizes Bulls wait for a break above 2,430; Bears anticipate a drop below 2,325 It was a harsh weekend, as Iran’s retaliatory missile and drone attack against Israel sparked concerns of global conflict. But Israel successfully blocked the airstrike from a distance a distance, averting another […]
22/04/2024

EUR/GBP: Rallies for the second day as dovish comments from BoE officials deflate Pound

EURGBP extends strong rally into second straight day and hit the highest in 4 ½ months on Monday, as the pound was hit by dovish comments from BoE officials, who shifted their initial view and expect inflation to ease further and remain around the central bank’s 2% target for next couple of years. The pair […]
26/04/2024

USD/JPY Volatile After Inflation, BoJ Meeting

The Japanese yen is swinging sharply on Friday. In the European session, USD/JPY is trading at 156.46, up 0.52%. It has been a busy Friday in Japan. Japanese inflation data, which was released just before the end of the Bank of Japan meeting, was much lower than expected. Tokyo Core CPI, which was overshadowed by […]