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Gold (XAU/USD) remains confined in a narrow trading band through the first half of the European session as bulls now seem reluctant to place fresh bets amid still overbought conditions.
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AUD/USD rises to near 0.6620 despite weak Australian Trade Balance data
The AUD/USD pair trades 0.15% to near 0.6625 during the European trading session on Thursday. The Aussie pair gains despite the Australian Trade Balance data for August coming in weaker than projected. -
US Dollar Index falls toward 97.50 as government shutdown threatens federal jobs
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the fifth successive session and trading around 97.60 during the European hours on Thursday. -
BoJ’s Uchida: Economy resilient, inflation to re-accelerate gradually
BoJ Deputy Governor Shinichi Uchida highlighted resilience in Japan’s economy, pointing to positive corporate sentiment in the Tankan survey and improved manufacturer outlooks as trade uncertainty with the US has eased. He noted that despite tariff-related profit pressures for some firms, revenues remain elevated, capital expenditure is trending higher, and consumption is firm. On inflation, […]
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Dollar Trades Mixed: ADP Disappoints, Shutdown Adds Risks
The US dollar showed a mixed performance: a weak ADP employment report (-32k versus the forecast of growth) heightened doubts over the resilience of the labour market, while uncertainty surrounding a US government shutdown added further pressure on the greenback. Markets are pricing in risks of delayed publication of key economic data, including the nonfarm […]
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Nasdaq (NQ) on Track for Higher Wave 5 Finish
The short-term Elliott Wave analysis for the Nasdaq (NQ) reveals a bullish cycle initiated from the August 2, 2025, low, progressing as a five-wave impulse structure. Wave ((i)) surged to 24,068.5. The corrective wave ((ii)) concluded at 23,025.25, as depicted in the one-hour chart. The Index then advanced in wave ((iii)) to 25,027.25. This wave […]
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USD/JPY: A Medium-Term Yen Bullish Breakout Looms, Watch 146.30
Key takeaways BoJ policy shift intact: Japan’s central bank is still moving gradually toward policy normalization, supporting renewed yen strength. Tankan survey improvement: Q3 2025 Tankan survey for large manufacturers improved to 14, its highest since Q4 2024, boosting economic confidence. Yield spread narrowing: US-Japan yield differentials are shrinking, making US Treasuries less attractive versus […]
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1705; (P) 1.1742; (R1) 1.1768; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 1.1675) will argue that 1.1917 was already a medium term top. Deeper fall should then be seen to 1.1390 support next. […]
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1705; (P) 1.1742; (R1) 1.1768; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 1.1675) will argue that 1.1917 was already a medium term top. Deeper fall should then be seen to 1.1390 support next. […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
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USD/JPY Daily Outlook
Daily Pivots: (S1) 146.37; (P) 147.30; (R1) 148.01; More… Intraday bias in USD/JPY remains on the downside as fall from 149.95 is in progress for 145.47. Strong support from there will keep the pattern from 150.90 corrective. That is, rise from 139.87 would still be in favor to resume at a later stage. However, decisive […]
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