All eyes on Russia as it weighs Ukraine peace plan with caution
There’s been little official comment from Moscow regarding a revised U.S.-brokered peace plan for Ukraine.
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Australian Dollar extends gains as traders expect RBA to hold rates
The Australian Dollar (AUD) gains against the US Dollar (USD) on Thursday, extending its gains for the fifth successive session. The AUD/USD pair gains ground as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December. -
Australian Dollar extends gains as traders expect RBA to hold rates
The Australian Dollar (AUD) gains against the US Dollar (USD) on Thursday, extending its gains for the fifth successive session. The AUD/USD pair gains ground as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December. -
China industrial profits drop 5.5% in October, worst performance in five months
While manufacturers find some relief from the trade pact, weak domestic demand and uncertainties in global trade continue to cast a shadow over the outlook. -
Gold (XAU/USD) Price Up 2.5% for the Week. Is a Break of $4200/oz a Certainty?
Gold prices are currently maintaining a robust uptrend and trading near two-week highs, around the $4150/oz handle. The precious metal is poised to log its fourth consecutive monthly gain, building on a record-setting surge experienced in October that briefly targeted the $4,400 area. The continuation of the bullish rally could be a sign that the […]
The post Gold (XAU/USD) Price Up 2.5% for the Week. Is a Break of $4200/oz a Certainty? appeared first on Action Forex.
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Gold (XAU/USD) Price Up 2.5% for the Week. Is a Break of $4200/oz a Certainty?
Gold prices are currently maintaining a robust uptrend and trading near two-week highs, around the $4150/oz handle. The precious metal is poised to log its fourth consecutive monthly gain, building on a record-setting surge experienced in October that briefly targeted the $4,400 area. The continuation of the bullish rally could be a sign that the […]
The post Gold (XAU/USD) Price Up 2.5% for the Week. Is a Break of $4200/oz a Certainty? appeared first on Action Forex.
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GBP/JPY Nears 15-Month Peak in Rally ; Intervention from Bank of Japan?
GBP/JPY is a very popular pair in Forex trading as it captures both risk-on/risk-off dynamics, geographic trends, and rate differential trends. The Yen and Sterling have been subject to some strong dynamics over the past month. In Japan, markets are still concerned with the reckless government spending which the Japanese Prime Minister tried to defend […]
The post GBP/JPY Nears 15-Month Peak in Rally ; Intervention from Bank of Japan? appeared first on Action Forex.
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GBP/JPY Nears 15-Month Peak in Rally ; Intervention from Bank of Japan?
GBP/JPY is a very popular pair in Forex trading as it captures both risk-on/risk-off dynamics, geographic trends, and rate differential trends. The Yen and Sterling have been subject to some strong dynamics over the past month. In Japan, markets are still concerned with the reckless government spending which the Japanese Prime Minister tried to defend […]
The post GBP/JPY Nears 15-Month Peak in Rally ; Intervention from Bank of Japan? appeared first on Action Forex.
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NZD/USD gathers strength above 0.5700 as New Zealand’s Retail Sales beat expectations
The NZD/USD pair extends the rally to around 0.5710 during the early Asian session on Thursday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as traders expect the US Federal Reserve (Fed) to deliver a further interest rate cut in December. -
USDCAD Wave Analysis
USDCAD: ⬇️ Sell USDCAD reversed from resistance area Likely to fall to support level 1.3975 USDCAD currency pair recently reversed from resistance area between the pivotal resistance level 1.4125 (which has been reversing the price from April), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from January. The downward reversal […]
The post USDCAD Wave Analysis appeared first on Action Forex.
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