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AUDUSD drops 1.7% on hotter-than-expected US CPI data Violates both 50- and 200-day SMAs before finding its feet Momentum indicators deteriorate drastically AUDUSD had been in a steady advance since the beginning of April, posting a fresh one-month high of 0.6643 on Tuesday. However, the pair experienced a strong decline and erased all its progress following a […]

The post AUDUSD Plummets in the US CPI Aftermath appeared first on Action Forex.

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19/04/2024

Cliff Notes: Seeking Clarity on Labour Market Conditions

Key insights from the week that was. In Australia, the March Labour Force Survey provided some much-needed clarity on labour market conditions after an incredibly volatile opening to the year. Following an upwardly revised gain of nearly 118,000 in February, employment fell only modestly in March, down by just 6,600. On a quarter-average basis, employment’s […]
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