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All’s well that ends well. US inflation came in line with expectations yesterday; core CPI fell for the first time in six months and the monthly CPI figure was a bit lower than expected. Cherry on top, retail sales stagnated in April and came to cement the idea that the US economy could be finally […]

The post Phew, Risk Rally On Post-US CPI appeared first on Action Forex.

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AUDUSD Eases After Bullish Spike to 4-Month High

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26/01/2024

AUDUSD Hovers Around 200-day SMA after Decline Halts

AUDUSD pauses short-term retreat at December low Double bottom pattern triggers a rebound, but 200-SMA holds strong Momentum indicators remain heavily tilted to the downside AUDUSD experienced a vast selloff following its December peak of 0.6870, breaking below both its 50- and 200-day simple moving averages (SMAs). Although the pair managed to halt its retreat at […]
23/05/2024

Gold Falls from Highs

The price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed’s policymakers was notably cautious, aligning with previous calls for a restrained approach to monetary policy. The Fed indicated that more time is needed to […]
17/09/2024

Is BoJ on Hold Until December’s Meeting?

BoJ expects no change Ueda comments may provide insight USDJPY remains above 140.00 despite a severe sell-off BoJ interest rate decision on Friday at 03:00 GMT BoJ decision to keep interest rate steady At its meeting on Friday, the Bank of Japan (BoJ) is anticipated to keep its monetary policy position unchanged.  Most market watchers expect the Bank […]