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Key insights from the week that was. In Australia, the Q4 CPI printed modestly to the downside of Westpac’s expectation and the market consensus, headline inflation rising 0.2% (2.4%yr). Cost-of-living measures, most notably the various state and federal government energy rebates, played an important role in suppressing headline inflation, with electricity prices falling –9.9% (–25.2%yr). […]

The post Cliff Notes: Dealing With Uncertainty appeared first on Action Forex.

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24/09/2024

Natural Gas Wave Analysis

Natural Gas rising inside impulse waves 3 and (3) Likely to reach resistance level 3.150 Natural Gas continues to rise inside the impulse waves 3 and (3), which recently broke the resistance area located between the key resistance level 2.600 and the 50% Fibonacci correction of the downward impulse from June. The breakout of this […]
27/08/2024

Crypto Market Has Cooled Slightly

Market picture The crypto market failed to grow steadily, with total capitalisation falling 1.6% to $2.21 trillion. This is a slight correction following the unimpressive performance of the equity market. The Sentiment Index fell back into neutral territory, losing 7 points on the day to 48. Bitcoin fell below $63K, losing 1.4% in 24 hours […]
02/08/2024

WTI Crude Oil Hovers Beneath 200-day SMA

WTI trades within symmetrical triangle 20- and 50-day SMAs are ready for bearish cross WTI crude oil is moving back and forth from the 200-day simple moving average (SMA), with a strong resistance area near the potential bearish crossover between the 20- and 50-day SMAs. The price is developing within a symmetrical triangle in the medium-term […]