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The Australian dollar is showing limited movement on Monday. In the European session, AUD/USD is trading at 0.6609, up 0.13%. It has been a bumpy ride for the Aussie, which is coming off a fourth straight losing week and is down a massive 4.4% in October. RBA’s Bullock says inflation will remain high The Reserve […]

The post Australian Dollar at 10-Week Low, RBA Remains Hawkish appeared first on Action Forex.

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11/04/2024

Cable’s Sharp Decline after Higher Inflation in the US

In a significant turn of events, the GBP/USD pair, often referred to as ‘Cable’, reversed sharply to the downside in the last 24 hours. This movement was characterized by the price decisively breaking through the corrective channel’s support line, signaling a strong bearish momentum among traders. The current landscape suggests a bearish impulse in progress, […]
12/10/2024

Week Ahead – ECB Headed Towards Another Cut, CPI on the Agenda Elsewhere

The ECB is expected to deliver its first back-to-back rate cut on Thursday CPI data incoming in Canada, China, Japan, New Zealand and UK China GDP and US retail sales also high on investors’ radar Is an ECB rate cut a done deal? Following the RBNZ, which cut interest rates by 50 basis points this […]
29/12/2023

What To Trade In January

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