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Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation of the AUD/NZD medium-term uptrend phase. Watch the key medium-term support of 1.0940 on the AUD/NZD. The paths of inflationary […]

The post AUD/NZD: Aussie Medium-Term Outperformance Against Kiwi Intact Supported by RBA appeared first on Action Forex.

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24/01/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance level 1.9310 Likely to fall to support level 1.9150 GBPUSD currency pair under the bearish pressure after the earlier downward reversal from the resistance level 1.9310, which has been reversing the price from the middle of October. The resistance level 1.9310 was further strengthened by the nearby 50% Fibonacci correction of […]
11/12/2023

Markets Daily

A solid US November employment report sparked a rise in US yields, though a slide in consumer inflation expectations reinforced Fed easing expectations. Equities rallied but AUD slipped to 0.6570. This week’s calendar is crowded but there is little today. Friday Australia’s calendar was quiet though we did see the Statement on the Conduct of […]
18/06/2024

WTI Oil Futures Surge Back to 80

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