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The Australian dollar is showing limited movement on Tuesday. In the European session, AUD/USD is trading at 0.6501, down 0.14% on the day. The Aussie flew out of the gates on Monday, climbing 0.75%. RBA minutes: No rush to cut rates The Reserve Bank of Australia has maintained its cash rate at 4.35% over the […]

The post Aussie Shrugs After RBA Says No Rush to Ease appeared first on Action Forex.

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03/04/2024

Start of Correction, Or Support Already in Play?

Market picture Crypto market capitalisation is down 1% in 24 hours but has seen a cautious rise from a low of $2.43 trillion to $2.51 trillion since the start of the day on Wednesday. The Cryptocurrency Fear and Greed Index has rolled back to 71 (“Greed”) after over a month of “Extreme Greed”. Technically, this […]
11/09/2024

Brent Slips Below $70pb – Focus on US CPI

The barrel of US crude tumbled almost 4% to nearly $65pb level, as Brent crude slipped below the $70pb mark after OPEC – which is normally optimistic – lowered its demand forecast for the second time in two months. The API data also showed that the US oil inventories fell by another 2.79 mio barrels […]
29/12/2023

Technical Outlook and Review

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