Australian Dollar Eyes China GDP

The Australian dollar has edged lower on Monday. In the North American session, AUD/USD is trading at 0.6555, down 0.32% on the day. The Aussie took advantage of US dollar weakness last week as it touched a high of 0.6593, its highest level since November 2024. China’s GDP expected to ease to 5.1% China’s economy … Read more

Sunset Market Commentary – Action Forex

Markets The start of the new week was a copy-paste of last week’s. A surge in long-term Japanese bond yields weighed on other core bonds too. Japan’s 30-yr yield shot up another 11 bps to be just 3 bps away from the tenor’s record 3.2% of May this year. The driving force, just as last … Read more

British Pound Testing Support, Risking Breaking It

The British pound fell below $1.35, confirming the downward trend since the beginning of the month. However, in recent days, this profit-taking after growth has been accompanied by the possibility of a deeper dive. The upward trend in GBPUSD since the beginning of the year has formed a trend of higher local lows and higher … Read more

Silver Wave Analysis – Action Forex

Silver: ⬇️ Sell Silver reversed from resistance zone Likely to fall to support level 37.00 Silver recently reversed down from the resistance zone lying at the intersection of the resistance level 39.00, upper weekly Bollinger Band and the resistance trendline of the weekly up channel from 2023. The downward reversal from resistance zone created the … Read more

The Disconnect Grows

The market reaction to the weekend’s tariff threats — this time targeting a 50% tariff on Mexican and European exports to the US — was mostly hopeful: that they won’t materialize. That’s how markets traded the news — on the assumption that negotiations will water things down to a 15%-ish rate, at least for the … Read more