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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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17/04/2024

Nikkei (NKD) Has Reached Support Zone

Short term Elliott Wave view in Nikkei Futures (NKD) suggests that rally to 40960 ended wave 3. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 40025 and wave (b) ended at 40805. Wave (c) lower ended at 39285 and this […]
14/02/2024

USD: CPI Carries The Dollar to Pivots

The higher-than-expected inflation data for January has reignited concerns about rising prices and its implications for Federal Reserve policy. While investors had anticipated rate cuts in the near term, the hot inflation print may delay such actions. As the Fed navigates the delicate balance between containing inflation and supporting economic growth, market participants will closely […]
21/05/2024

Number of Central Bank Speakers Increases

Markets Markets took a slow start to the new trading week. An empty eco calendar facilitated the status quo. Cleveland Fed Mester said that inflation risks moved up in Q1 while the economy was a little bit stronger than anticipated. Given that she wasn’t on the median path (3 rate cuts) in March, she might […]