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Key insights from the week that was. In the absence of any major data or events in Australia this week, markets continued to ponder the likely timing and shape of the RBA’s easing cycle, eventually pricing in only about two and a half 25bp interest rate cuts by the end of 2025. These developments mirrored […]

The post Cliff Notes: Calm Before the Storm appeared first on Action Forex.

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17/10/2024

Crypto Market Stabilises at the Top

Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring the local highs of late September, while Bitcoin continues to climb. The pause in overall growth has led to a 2-point dip in the Cryptocurrency Market Sentiment Index, now at 71—still reflecting a high level of greed. Bitcoin is currently […]
17/09/2024

EURJPY Wave Analysis

EURJPY reversed from support zone Likely to rise to the resistance level 157.40 EURJPY currency pair recently reversed up from the powerful support zone located between the long-term support level 154.85 (which has been reversing the price from last year) and the lower daily Bollinger Band. The upward reversal from this support zone is likely […]
11/03/2024

Gold Marches to Consecutive All-Time Highs

Gold advances sharply after claiming 50-day SMA Generates consecutive record highs in recent sessions Momentum indicators flag overbought conditions Gold has been in a steep uptrend following its profound break above the 50-day simple moving average (SMA), posting a barrage of fresh all-time highs in the past few sessions. However, traders should not rule out a pullback […]