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Key insights from the week that was. In Australia, the Monthly CPI Indicator fell 0.3% in October, pulling the annual rate of inflation down from 5.6%yr to 4.9%yr; encouragingly for policy, there were no convincing upside surprises within the detail. Indeed, goods prices – which constitute the bulk of the new information at this point […]

The post Cliff Notes: Constructive Policy Developments appeared first on Action Forex.

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05/12/2023

Sunset Market Commentary

Markets US JOLTS job openings and the services ISM (both still to be published at CET 16:00) and to a lesser extent the ECB consumer expectations survey were supposed to provide some guidance as to whether recent decline in yields could finally slow down. Markets had frontloaded expectations on a first Fed and ECB rate […]
23/07/2024

AUDUSD Tumbles Below Key 0.6690 Zone

AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared the key barrier of 0.6690. Now, the pair is back within the […]
09/09/2024

EUR/CHF: Another Potential Downleg May Intensify After Weak China Inflation

EUR/CHF has continued to exhibit a high direct correlation with France CAC and Germany DAX. China’s core inflation and producer prices for August have indicated a persistent trend of lackluster internal demand. Sluggish China’s consumer demand may hurt the profits of key European makers of luxury goods, cars, and machinery. Watch the key intermediate support […]