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Key insights from the week that was. In Australia, the RBA’s August meeting minutes again reinforced the Board’s well telegraphed views on the economy. In short, there is “less spare capacity than previously assumed” given stronger momentum in demand and a weaker assessment of potential supply. The Board also noted that financial conditions appeared to […]

The post Cliff Notes: Global Easing Cycle Gains Traction appeared first on Action Forex.

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26/04/2024

Cooler Bitcoin

Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to $2.37 trillion over the last 24 hours. After the halving, the bulls intensified their efforts to boost prices, but by the end of the week, the bears took the initiative. Bitcoin under pressure: Bitcoin has been losing value (0.7%) […]
30/01/2024

Crypto Has Retreated from Lows, But No Rush for Growth

Market picture Crypto market capitalisation at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility. The sentiment is gradually returning to greed territory, taking the […]
13/12/2023

NZD/USD Slips Ahead of GDP, Fed Meeting

New Zealand GDP expected to decelerate US inflation ticks lower Fed widely expected to pause The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%. US inflation ticks lower, all eyes on Fed US inflation ticked lower in October as expected and the release […]