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Key insights from the week that was. In Australia, there was finally a sigh of relief for consumers as October’s Westpac-MI Consumer Sentiment Survey reported a 6.2% increase in the headline index to 89.8, a two-and-a-half year high. The chief culprit behind this improvement was a significant pull-back in interest rate hike fears, as consumers […]

The post Cliff Notes: Shifting Views on the State of the Economy appeared first on Action Forex.

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16/01/2024

Sunset Market Commentary

Markets With US investors returning from the Martin Luther King Holiday, question was whether US markets would join yesterday’s rebound in German yields. Or would they maintain their soft bias as was the case after last week’s CPI and even more US PPI data? Early in Asian and European dealings, US yields indeed copied the […]
18/04/2024

EUR/USD: Holds Grip But Recovery Still Requires Confirmation

The Euro remains constructive and ticks higher in early Thursday after Wednesday’s 0.5% bounce from new multi-month low, but initial reversal signal still needs more evidence to be validated, as daily studies are predominantly bearish. Another strong bullish daily close is needed to keep in play hopes of stronger recovery, with close above pivots at […]
08/11/2024

EURAUD Wave Analysis

EURAUD under bearish pressure  Likely to fall to support level 1.6125 EURAUD currency pair under bearish pressure after the earlier breakout of the support trendline of the daily up channel from the start of October. The breakout of this up channel accelerated the active minor impulse wave 1 of the higher order impulse sequence (1) […]