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The dollar index edged higher in early Monday after last week’s pullback from three-month high (104.85) was repeatedly rejected just above 100DMA (103.96), generating initial signal that correction might be over. The dollar continues to benefit from signals that sticky inflation may delay widely expected Fed rate cuts, with focus on FOMC minutes (due on […]

The post Dollar Index – Bulls Start to Regain Traction After Shallow Pullback appeared first on Action Forex.

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15/05/2024

Gold Technical: Stagflation Risk and Softer US 10-year Treasury Real Yield Supporting Bulls

Stagflation risk has led to a softer US 10-year Treasury real yield below 2.38%. The 6% decline of Gold (XAU/USD) from its recent all-time high in April may have reached an inflection point to kickstart another potential medium-term impulsive bullish sequence. Watch the key short-term support of US$2,327 on Gold (XAU/USD). Since our last publication, […]
25/09/2024

USDCHF Wave Analysis

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16/01/2024

Australian Employment Report in Focus as Aussie Dives

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