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This morning the Central Bank of Australia decided to keep the interest rate at the same level = 4.35%, as expected. However, RBA management said that further rate hikes cannot be ruled out as inflation is still too high. This is a clear signal that policy easing is unlikely in the near future. AUD/USD has […]

The post AUD/USD Rate Rises after RBA Decision appeared first on Action Forex.

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26/04/2024

Elliott Wave Analysis Favors DAX to Extend Higher

Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there, […]
07/12/2023

US 500 Cash Index on the Brink of a Bearish Move

US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October […]
02/08/2024

Gold (XAU/USD) Continues to Surge: New Highs as Fed Rate Cut Looms

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