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Stronger clothing prices, and a surprise inclusion of health insurance premium increases, offset the suppression of power bills by Tasmanian electricity rebates. The Monthly CPI Indicator gained 3.6% in the year to April compared to 3.5%yr in March and 3.4%yr in both February and January. The April print was slightly stronger than Westpac’s forecast of […]

The post Australia: April Monthly CPI Indicator First Impressions appeared first on Action Forex.

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27/12/2023

EURJPY Wave Analysis

EURJPY rising inside impulse wave (5) Likely to reach resistance level 158.40 EURJPY rising inside the intermediate upward impulse wave (5), which started earlier from the major support level 154.40 (which has been reversing the price from July). The support level 154.40 was additionally strengthened by the 50% Fibonacci correction of the upward impulse from […]
10/07/2024

NZDUSD Tumbles After RBNZ’s Decision

NZDUSD finds support at 200-day SMA Prices have been heading lower over the last month Stochastics and RSI keep downside move NZDUSD is posting notable losses after the RBNZ’s policy decision to leave interest rates unchanged at 5.5%. The pair is pausing its decline near the 200-day simple moving average (SMA) at 0.6070 and the […]
07/12/2023

Nasdaq 100 Technical: Impending Corrective Decline Within Major Uptrend

Medium-term breadth condition (% of Nasdaq 100 stocks above 50-day MA) has reached an overbought condition that led to significant corrective declines in past occasions on 16 August 2022, 1 December 2022, and 19 July 2023. Broke below the 20-day moving average. Watch the 15,690 near-term support as a potential downside trigger. The price actions […]