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The AUDUSD pair slightly declined after hitting a new yearly high of 0.6900 during Wednesday’s US session. However, the overall outlook remains positive due to the Reserve Bank of Australia (RBA) indicating that interest rates will stay steady through the year-end. The Australian Dollar is also benefiting from China’s recent stimulus measures aimed at boosting […]

The post AUDJPY: Bearish Short Term Sentiment appeared first on Action Forex.

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08/11/2024

FOMC Focused on Health of Labour Market and Success with Inflation

Unsurprisingly, the FOMC made clear it was too early to assess the economic implications of this week’s US election. Activity and prices meanwhile justify a gradual withdrawal of policy tightness. The US FOMC delivered a 25bp cut at its November meeting as expected, taking the mid-point of the fed funds range to 4.625%. Overall, the […]
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A Dream Comes True

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