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The AUDUSD pair saw a sharp drop of over 130 pips today, mainly due to increased demand for the US Dollar (USD). The USD Index (DXY) surged to a four-month high after exit polls from the US presidential election indicated that Republican nominee Donald Trump was leading the race. Additionally, projections that Republicans could gain […]

The post Bearish Scenario on AUD Pairs appeared first on Action Forex.

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19/01/2024

A Decent Rebound But More Data Needed to Justify Market Optimism

Stock markets are modestly higher on Thursday, recovering some of Wednesday’s losses as investors seemingly struggle to determine where things stand. There’s clearly a desperate desire to cling on to the optimism that enabled such a strong end to the year but unlike in that period, the data isn’t really playing ball. The releases we’ve […]
21/02/2024

Sunset Market Commentary

Markets This morning, the PBOC surprised markets with a much bigger than expected 25 bps cut of the 5-year prime loan rate (3.95%) aiming to support the real estate market and hopefully also helping to provide some oxygen (and confidence) for broader economic activity. However, the market reaction in China and abroad was lukewarm. For […]
15/02/2024

GBP/USD – UK in Recession But That’s Unlikely to Sway BoE Yet

UK GDP -0.3% in Q4 and -0.1% in December BoE not concerned about recession GBPUSD momentum fading near February lows? The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was expected ahead of the release, the […]