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AUDJPY trades higher, clears the 100-day SMA A contracting triangle has been forming as AUDJPY volatility drops Momentum indicators remain uninterested in current upmove AUDJPY is enjoying its fourth consecutive green candle as JPY remains under pressure across the board. AUDJPY has managed to climb above the busy 96.16-96.70 area but has not tested the March 24, 2023 […]

The post AUDJPY’s Gentle Climb Continues appeared first on Action Forex.

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27/06/2024

Will Core PCE Inflation Persuade Fed to Cut Rates?

US core PCE inflation index could resume downtrend Fed may ask more evidence before cutting interest rates EURUSD trades near key support zone. Is it time for an upside reversal? Inflation could hit a new low in May Friday will see the release of the Fed’s favorite core PCE inflation measure at 12:30 GMT as the […]
23/08/2024

Analysis of GBP/USD: The Pair Approaches 2023 High

Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows: → Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1; → Flash Services PMI: actual = 53.3, forecast = 52.8; previous = 52.5. As SPGlobal reports, the […]
30/10/2024

RBA November Meeting: Cash Rate Unchanged Until February

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