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Key Highlights GBP/USD started a recovery wave above 1.3350 and 1.3400. A major bearish trend line is forming with resistance near 1.3475 on the 4-hour chart. EUR/USD is struggling to clear the 1.1750 and 1.1780 resistance levels. Gold extended gains to a new record high above $3,870. GBP/USD Technical Analysis The British Pound found support […]
The post GBP/USD Faces Hurdles – Is Market Preparing For A Fresh Decline? appeared first on Action Forex.
Japan’s manufacturing sector contracted further in September, with the PMI finalized at 48.5, down from August’s 49.7. S&P Global’s Annabel Fiddes said the sector ended Q3 “on a weaker note,” as output and new orders declined at a faster pace, driven by softer demand across key markets such as China and the drag from US […]
The post Japan PMI manufacturing finalized at 48.5, weak demand from China and US appeared first on Action Forex.
Japan’s Q3 Tankan survey showed large manufacturers growing more confident, with the index rising from 13 to 14, in line with expectations and the highest since Q4 2024. While the manufacturing outlook held steady at 12, suggesting some softening ahead, sentiment remains resilient despite trade headwinds. Non-manufacturing confidence also stayed firm, with the index unchanged […]
The post Japan’s Tankan shows resilience, supports BoJ tightening outlook appeared first on Action Forex.
AUD/USD has risen 0.6% from its Tuesday low of 0.6572 as the US Dollar continued its slide. The Dollar struggle is partly linked to a potential US Government shutdown with Congress needing to agree to temporary funding before 04h00 GMT on Wednesday. RBA Rate Hold Boosts Aussie Dollar The Reserve Bank of Australia (RBA) decided […]
The post AUD/USD Forecast: Are Fresh Highs Incoming After RBA Rate Hold? appeared first on Action Forex.
The Japanese yen is stepping into the FX spotlight, battling the Australian dollar for top weekly performer — with the AUD lifted by the RBA’s hawkish pause and firm domestic data. A rare sight in 2025, the yen is beginning to dominate broader currency performance, as fundamentals start to assemble in its favor. Political momentum […]
The post Japanese Yen Could Be One of the Best Performers for the End of the Year appeared first on Action Forex.
AUDUSD: ⬆️ Buy AUDUSD reversed from support area Likely to rise to resistance level 0.6700 AUDUSD currency pair recently reversed from the the support area between the support level 0.6525, support trendline from April and by the 61.8% Fibonacci correction of the upward impulse C from the end of August. The upward reversal from this […]
The post AUDUSD Wave Analysis appeared first on Action Forex.
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