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The week kicked off with another bull run in Chinese stocks on further stimulus news. This time, three major cities announced to ease homebuying rules to prop up their housing market. The Chinese Communications Constructions surged another 7% following a stellar week, the CSI 300 added another 6% and is up by 25% since the […]

The post More Stimulus Before Holiday appeared first on Action Forex.

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16/10/2024

EURJPY Wave Analysis

EURJPY reversed from the resistance zone Likely to fall to support level 160.90 EURJPY currency pair recently reversed down from the resistance zone located between the key resistance level 163.00 (which has been reversing the price from the end of September), the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse […]
14/08/2024

Three Times CPI on the Menu

In focus today Today we get CPI numbers out of the US, UK, and Sweden. In the US, we expect both headline and core CPI to come in at 0.2% m/m seasonally adjusted. The release is the second to last before the next FOMC meeting in September, and the Fed will undoubtedly keep close watch […]
26/09/2024

AUDJPY: Bearish Short Term Sentiment

The AUDUSD pair slightly declined after hitting a new yearly high of 0.6900 during Wednesday’s US session. However, the overall outlook remains positive due to the Reserve Bank of Australia (RBA) indicating that interest rates will stay steady through the year-end. The Australian Dollar is also benefiting from China’s recent stimulus measures aimed at boosting […]