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AUDUSD hits a fresh five-month peak on Thursday But oscillators have been in overbought levels for several sessions Can the rally resume or are we heading for a pullback? AUDUSD has been staging a solid recovery following its 2023 bottom of 0.6271 in October, generating a clear structure of consecutive higher highs. However, the risk of an […]

The post AUDUSD Extends Recovery; Crucial Double Top in Sight appeared first on Action Forex.

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01/12/2023

Canada’s Labour Market Posts Decent Gain in November

The Canadian labour market added 24.9k positions in November, with full-time employment up 59.6k and part-time employment down 34.7k. The unemployment rate rose 0.1 percentage point to 5.8% and the participation rate was unchanged at 65.6%. Employment by sector showed gains in manufacturing (+28k) and construction (+16k), while losses were seen in wholesale/retail trade (-27k) […]
11/06/2024

Brent Crude Oil Stabilises Around 81.50 USD Amid Demand Optimism

Brent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about fuel demand this coming summer and news that the US government is seizing the opportunity to replenish its strategic oil reserves at […]
17/06/2024

Ethereum Bolstered by Hopes, Bitcoin Waits for a Signal

Market picture The cryptocurrency market has lost almost 5% over the past seven days. It has not given up important support levels but also has no significant drivers to resume growth. Bitcoin lost 4.7% over the week, in unison with the market. Ethereum lost 3%, while the top altcoins’ performance ranged between -7.7% (Solana) and […]