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Fundamental Analysis U.S.: September CPI: Headline inflation eased to 2.4% y/y, aligning closer to the Fed’s target, though core CPI rose by 3.3% y/y, driven by housing and insurance. September Jobs: The U.S. added 254,000 jobs, surpassing expectations, which may prompt the Fed to maintain high rates short-term. Treasuries: 10-year yields rose to 4.24% this […]

The post Will AUDUSD Keep Falling? Key U.S. and Australia Economic Drivers to Watch appeared first on Action Forex.

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Tokyo Core CPI Complicates BoJ’s Rate Plans

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Canada: Retail Sales Grow for the Second Consecutive Month, Supported by Auto Sales.

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Cliff Notes: Calm Before the Storm

Key insights from the week that was. In the absence of any major data or events in Australia this week, markets continued to ponder the likely timing and shape of the RBA’s easing cycle, eventually pricing in only about two and a half 25bp interest rate cuts by the end of 2025. These developments mirrored […]
11/09/2024

EURCAD Two-Year Bullish Sequence extends from the Blue Box

Hello traders, welcome to another trade review blog post where we discuss setups from the blue box. In this one, we will look at a recent setup on the EURCAD. We shared this setup with members of Elliottwave-Forecast. EURCAD has maintained a bullish sequence from the low in August 2022. From that low, the bullish […]
15/12/2023

USDCAD Plummets Below Crucial Trendline

USDCAD posts a fresh 2½-month low in today’s session Decline shows no signs of easing after break below 200-day SMA Momentum indicators are pointing at an overstretched retreat USDCAD has been constantly losing ground following its 13-month high of 1.3898 on November 11. Moreover, the pair dropped to its lowest levels in more than two months on […]