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The Australian dollar is in negative territory on Friday. In the European session, AUD/USD is trading at 0.6415, down 0.42% on the day. Australian retail sales show unexpected decline Australia’s retail sales contracted in April by 0.1% m/m, missing the market estimate of 0.3%, which was also the March reading. This was the first decline […]
The post Australian Dollar Dips on Soft Retail Sales, US Court Reinstates Tariffs appeared first on Action Forex.
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of AUDJPY forex pair published in members area of the website. The pair has recently given us a 3 waves bounce that completed precisely at the equal legs area as we expected. In the following text, we’ll explain the […]
The post AUDJPY Finds Intraday Sellers at Equal Legs Area appeared first on Action Forex.
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of EURUSD forex pair published in members area of the website. As our members know, we are long in the pair, as explained in our previous technical article . The pair has recently given us pull back against the […]
The post EURUSD Elliott Wave : Forecasting the Rally From the Equal Legs Area appeared first on Action Forex.
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of EURUSD forex pair published in members area of the website. As our members know, we are long in the pair, as explained in our previous technical article . The pair has recently given us pull back against the […]
The post EURUSD Elliott Wave : Forecasting the Rally From the Equal Legs Area appeared first on Action Forex.
The US dollar reinforced the importance of support, bouncing early in the week from levels near 98.7. The dollar has been bought out of this area for the past seven weeks, preventing the dollar from rewriting three-year lows. The dollar was oversold, and we regarded the rise as a technical bounce. The 50-day moving average […]
The post Dollar Completes Rebound, Returning to Long-Term Decline appeared first on Action Forex.
Italian ECB Governing Council member Fabio Panetta said today that while the central bank has made meaningful progress in easing monetary policy, bringing the deposit rate down from 4% to 2.25%, “the room for further rate cuts has naturally diminished”. “However, the economic outlook remains weak, and trade tensions could lead to a deterioration,” he […]
The post ECB’s Panetta signals diminished room for further rate cuts appeared first on Action Forex.