Logo-color Logo-white

Government policies are holding down inflation but electricity prices are starting to rise as rebates come to an end. The Monthly CPI Indicator rose 4.9% in the year to October, down from 5.6%yr in September and the recent peak of 8.4%yr at December 2022. This was meaningfully less than Westpac’s forecast of 5.3%yr, and the […]

The post Australia October Monthly CPI Indicator appeared first on Action Forex.

previous

Technical Outlook and Review

next

GBP/USD Eyes Additional Gains, US GDP Next

Read More

04/01/2024

WTI Oil: Crude Oil Price Rises Further on Growing Supply Concerns

WTI Oil price rose further in early Thursday’s trading, in extension of 3.5% rally on Wednesday, the biggest daily gain since Nov 17. Worsening fundamentals on closure of one of the largest oil fields in Libya and increased tensions around Israel-Palestine war, inflated oil price. Stronger than expected fall in US crude inventories (API report, […]
08/05/2024

Bitcoin Price Is At Risk of Another Decline – Here’s Why

Key Highlights Bitcoin price recovered above $63,500 but faced resistance at $65,500. BTC cleared a key bearish trend line at $63,250 on the 4-hour chart. Crude oil prices extended losses and declined below $78.80. Gold might struggle to start a fresh increase above $2,335. Bitcoin Price Technical Analysis Bitcoin price formed a base and started […]
04/07/2024

FTSE 100 index Wave Analysis

FTSE 100 index reversed from key support level 8130.00 Likely to rise to resistance level 8300.00, FTSE 100 index recently reversed up from the key support level 8130.00 (which has been steadily reversing the price from the end of April) – strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the […]