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The Australian dollar has extended its gains on Thursday. AUD/USD is trading at 0.6172 in the European session, up 0.39% on the day. Australian dollar on a wild ride The Australian dollar continues to take market participants on a wild roller-coaster ride. AUD/USD soared 3.2% on Wednesday, recovering from a three-day slide in which the […]

The post Australian Inflation Expectations Jump, Aussie Gains Ground appeared first on Action Forex.

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20/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from support level 162.45 Likely to rise to resistance level 168.00 CHFJPY currency pair recently reversed up from the key support level 162.45 (which has been reversing the price from August). The support level 162.45 was strengthened by the lower daily Bollinger Band, support trendline of the daily down channel from November and […]
27/01/2025

Slow Start to a Busy Week

In focus today Today, focus turns to the German Ifo. It will be interesting to see if the Ifo figures mirror the stronger-than-expected German PMI release on Friday. The rest of the week will be busy, with focus on central bank meetings. On Wednesday, the Riksbank, the Bank of Canada, and the FOMC will announce […]
11/12/2024

US: Headline Inflation Ticks Higher in November, While Core Holds Steady  

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in November, after rising 0.2% m/m in each of the previous four months. On a twelve-month basis, CPI ticked up to 2.7% (from 2.6% in October). Energy prices rose 0.2% m/m, led by an uptick in prices at the pump (+0.6% m/m), while food prices rose […]