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China’s lacklustre core consumer inflation growth for July suggests the current pace of piecemeal stimulus measures is not sufficient to eradicate deflationary pressures. The “non-abating” deflationary risk scenario pushed the 10-year China sovereign bond yield to a record low of 2.12% last Monday, 05 August. The price actions of the Hang Seng Index have traded […]

The post Hang Seng Index: Medium-Term Bullish Trend Damaged appeared first on Action Forex.

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News of the Week (August 12— August 16): NZDUSD Market Review

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08/08/2024

USDCAD Wave Analysis

USDCAD reversed from long-term resistance level 0.8430 Likely to fall to support level 1.3700 USDCAD currency pair recently reversed down from the resistance zone located between the long-term resistance level 0.8430 (which stopped the weekly uptrend at the end of 2023) and the upper weekly Bollinger Band. The downward reversal from the resistance zone created […]
07/05/2024

Dollar Basically Didn’t Go Anywhere

Markets Markets yesterday staged some follow-through price action on Friday’s post-payrolls/ISM easing, but the move gradually slowed in US dealings. Fed governors Williams and Barkin confirmed last week’s view of Chair Powell that the next Fed move will likely be a rate cut. A restrictive policy is bringing the economy in a better balance and […]
05/02/2024

Technical Outlook and Review

DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. According to the analysis, the price could potentially rise towards the 1st resistance in the short term before reversing off it and dropping towards the 1st support. The 1st support level at 102.71 is identified as an overlap support, suggesting that […]