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China has announced a range of stimulus measures recently. This pivot has been needed partly because of longstanding fragilities. It is hard to see a lasting upside for Australian iron ore exports from the moves. In recent weeks, Chinese authorities have announced a range of stimulus measures, along with some vaguer statements of intent to […]

The post China Stimulus and Headwinds appeared first on Action Forex.

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19/01/2024

Why Sell Technology Stocks When You Can Buy Them?

Forget about the Federal Reserve (Fed) dovish expectations that should be dialed back because the American economy is too strong to require a rate cut as early as March from the Fed. Forget that strong US economic data is not good news for the market. And forget about the fact that the rally in tech […]
09/10/2024

USD/JPY Eyes Fed Minutes

The yen has edged lower on Thursday in what has been a quiet week. In the European session, USD/JPY is trading at 148.72, up 0.36%. Will Fed minutes provide clues for November meeting? The Federal Reserve will release the minutes of the September meeting later today. That meeting was a milestone as the Fed delivered […]
11/10/2024

USDCAD Extends Its Bullish Rally to New 2-month High

USDCAD completes 8 green days MACD and RSI indicate strong positive momentum USDCAD skyrocketed to another fresh two-month high of 1.3774 during yesterday’s session, adding more than 2.5% following the rebound from the double bottom pattern around 1.3420. The aggressive buying activity above the 1.3650 barrier, which served as a neckline, completed the latest formation. […]