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Markets Asian currencies remained among the best performers today. They still thrive on yesterday’s rumours of the US and South Korean having talked about FX policy even though sources later denied the news. Similar speculation of local governments ready and willing to beef up their currency as a bargaining chip in trade talks with the […]

The post Sunset Market Commentary appeared first on Action Forex.

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15/12/2023

AUDUSD: Solid Chinese Data Further Boost Post-Fed Rally

AUD/USD keeps firm bullish tone for the third consecutive, with better than expected China retail sales and industrial production data adding to positive near-term outlook, established after dovish Fed on Wednesday. The pair is trading near new 4 ½ month high in early Friday, with bullish technical studies contributing to positive fundamentals and continue to […]
17/04/2024

EUR/USD Nosedives While USD/JPY Extend Rally

EUR/USD started another decline and traded below 1.0700. USD/JPY surged and broke the 154.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0695 support zone. There was a break above a key bearish trend line with resistance at 1.0630 on the hourly chart of EUR/USD […]
08/11/2024

USD/CAD Eyes Canadian Jobs Report

The Canadian dollar has steadied on Friday after a roller-coaster week. In the European session, USD/CAD is trading at 1.3889 at the time of writing, up 0.22% on the day. Canada’s job growth expected to slow With the tough battle against inflation largely won, the Bank of Canada has been a leader in the easing […]