Logo-color Logo-white

Strong dollar awaits Fed speakers and PMIs. RBA to cut by 25bps, focus to fall on forward guidance. Sticky UK inflation could mean only one more BoE rate cut. Eurozone PMIs, Canada’s and Japan’s CPI numbers also on tap. US-China deal boosts investors’ appetite Risk sentiment improved significantly this week, while the dollar strengthened, after […]

The post Week Ahead – Fed Speakers, RBA Decision, UK CPI and Preliminary PMIs in Focus appeared first on Action Forex.

previous

Sunset Market Commentary

next

Markets Weekly Outlook – RBA, PBoC Decisions and UK Inflation in Focus

Read More

16/04/2024

GBP/USD Dips After Weak Employment Data

The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The UK employment report was weaker than expected. Job growth took a hard hit in the three months to February as […]
17/03/2025

EUR/USD: Bullish Bias Above 1.0800, All Eyes on German Debt Vote on Tuesday

The Euro holds in extended consolidation under new 5-month high, following strong rally in past two weeks. Technical picture remains bullish on daily chart, though overbought RSI and fading bullish momentum, keep in play risk of deeper pullback. Near-term action should remain biased higher while the price stays above broken pivotal barriers, now acting as […]
23/04/2024

Australian Dollar Rises on Strong Economic Indicators

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia. The latest manufacturing PMI report for April significantly contributed to the Australian dollar’s appreciation. It showed […]