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Key Highlights Crude oil prices are struggling to climb above the $74.00 resistance. A major bearish trend line is forming with resistance near $73.10 on the 4-hour chart. Gold prices are also facing a major hurdle near $2,050. EUR/USD could recover above the 1.1000 resistance zone. Crude Oil Price Technical Analysis In the past few […]

The post Crude Oil Price Could Drop Unless It Clears This Hurdle appeared first on Action Forex.

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Australia: Inflation Continues to Moderate in November

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05/12/2023

RBA Gives Itself Time to Assess

As we expected, the RBA Board kept rates on hold following its December meeting. Information received since the previous meeting in early November was considered ‘broadly in line’ with their expectations. The Governor’s decision statement emphasised that inflation continues to moderate, driven by the goods sector. Ahead of its meeting in February 2024, the Board […]
30/08/2024

AUD/USD Poised for Potential Rise Amid RBA’s Cautious Stance

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05/01/2024

Could US 500 Cash Index Correction Have Legs?

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