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The Japanese yen continues to roll against the US dollar and has posted gains for a third straight trading day, gaining 1.9% during that time. In the European session, USD/JPY is trading at 151.43, down 0.53% on the day. Japan’s Q4 GDP beats estimate Japan’s GDP in the fourth quarter rose 0.7% q/q, blowing past […]

The post Yen Extends Gains on Strong GDP appeared first on Action Forex.

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AUD/USD: Holds Near New 2025 High Ahead of RBA Rate Decision

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20/06/2024

AUDUSD Extends Sideways Movement

AUDUSD trades back and forth within its range The ascending 50-day SMA acts as a strong floor Oscillators remain tilted to the bullish side AUDUSD has been trading sideways for more than a month now as the price has been unable to jump above the five-month high of 0.6713. However, the pair’s downside also seems to […]
12/03/2024

GBP/USD Edges Lower, UK Employment Next

The British pound has started the trading week in negative territory. In the North American session, GBP/USD is trading at 1.2807, down 0.39%. The pound has posted six straight winning days and climbed 1.56% last week against the US dollar. UK employment expected to decelerate The UK releases the employment report on Tuesday. The labor […]
05/07/2024

Cliff Notes: Assurance Over Inflation a Matter of Time

Key insights from the week that was. In Australia, the Minutes from the RBA June Meeting provided more colour around the Board’s deliberations, in particular its considerations for monetary policy in the context of lingering inflation pressures. The case for another rate hike was premised largely on the RBA’s assessment that demand had continued to […]