Logo-color Logo-white

The RBA no longer says that wages growth is too high to be consistent with inflation returning to target. But how did it come to that conclusion in the first place? Last week we noted that, in its September post-meeting communications, the RBA was no longer saying that wages growth was ‘above the level that […]

The post Markups and Downs appeared first on Action Forex.

previous

US: ISM Shows Services Growth Picks Up in September

next

Pound’s Bullish Run in jeopardy

Read More

06/02/2024

Bitcoin (BTCUSD) Looking to Extend Higher

Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests the rally to 49500 on January 11, 2024 ended wave (3). Pullback in wave (4) is proposed complete at 38503.8 as the 1 hour chart below shows. Up from wave (4), wave (i) ended at 40526.3 and pullback in wave (ii) ended at 39419.8. The crypto […]
26/04/2024

Elliott Wave Analysis Favors DAX to Extend Higher

Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there, […]
05/08/2024

EUR/USD Analysis: The Rate Has Risen to a Nearly 5-Month High

As shown by today’s EUR/USD chart, the rate rose this morning to 1.096 – its highest level since mid-March. On one hand, this was driven by the weakness of the dollar. The USD fell sharply against other currencies following the release of labour market news on Friday (data from ForexFactory hereafter): → The unemployment rate […]