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Key insights from the week that was. In Australia, a scant local data calendar left participants mulling over the possibilities for next week’s crucial Q2 CPI update. Our preview provides the detail behind our forecasts. Food, health and housing are expected to be the main contributors to our headline inflation forecast of 1.0% (3.8%yr); housing […]

The post Cliff Notes: Waiting for a Clear Signal appeared first on Action Forex.

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Rotation Continues, But Europe Doesn’t Benefit

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20/05/2024

Australian Dollar Eyes RBA Minutes

The Australian dollar is unchanged at the time of writing, trading at 0.6692 in the European session. There are no economic releases out of the US or Australia today, which should translate into a quiet day for AUD/USD. The Aussie is coming off an excellent week, gaining 1.36% and hitting its highest level since January. […]
12/12/2023

EURJPY Rotates Higher, But Trend Risks Remain

EURJPY pauses sharp downfall near 200-day SMA Oversold, but trend signals remain discouraging EURJPY turned oversold near its 200-day simple moving average (SMA) after a heavy bearish storm squeezed the pair from fifteen-year highs to a four-month low of 153.00 last week. The latest freefall in the price has breached the June-November bullish channel, charting a new lower […]
16/12/2023

The Weekly Bottom Line: Cuts! The Herald Angels Sing

U.S. Highlights The Federal Reserve held the policy rate steady at 5.25-5.5% at its final interest rate announcement of the year. However, a markdown in the FOMC’s interest rate projections and little pushback from Chair Powell in the press conference on the recent pull-forward in rate cut timing pressured yields across the curve significantly lower. […]