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AUDUSD regained strength and advanced on Thursday, offsetting negative impact from Wednesday’s strong upside rejection under the base of rising daily cloud. Several signals point to basing attempts and formation of reversal pattern on daily chart, such as Monday’s Hammer candle with long tail and a bear-trap. Hammer is also forming on weekly chart, while […]

The post AUD/USD Outlook: Initial Reversal Signal Developing on Daily Chart appeared first on Action Forex.

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20/12/2023

UK Inflation Falls Faster Than expected

Isn’t it amazing how investors ignore the hawkish Federal Reserve (Fed) comments but fully embrace the dovish commentaries. Fed’s Thomas Barkin’s words that suggested that the Fed could cut rates if recent progress inflation continues sent the Nasdaq 100 to a fresh record for the 3rd consecutive day and the S&P500 to a fresh ytd […]
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