In recent days, forex markets have seen a strong increase in activity, moving away from their earlier steady trends. The confirmation of Kevin Warsh as the next Federal Reserve Chair added volatility, but today’s trading is mainly driven by a sharp drop in the US Dollar. Before the recent moves in the US Dollar, antipodean […]
The post AUD/USD Picks Up Momentum Ahead of Australian Employment: In-Depth FX Analysis appeared first on ActionForex.
The Aussie tried to rally on improving global sentiment. Australia’s economy had other ideas. AUD/USD bounced earlier today as markets reacted positively to signs that Washington and Tehran may be moving closer toward a diplomatic Read more…
Australia’s labor market weakened sharply in April as employment unexpectedly contracted and the unemployment rate climbed to its highest level since 2021, reinforcing signs that higher interest rates and slowing demand are beginning to weigh Read more…
Japan’s private sector growth slowed in May as momentum weakened across both manufacturing and services activity, though the economy continued expanding overall thanks to resilient factory output. Flash Japan Composite PMI Output Index eased from Read more…