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We saw another big drop in the stock market yesterday, with SP500 pulling back now around 10 percent from all-time highs. This type of correction has always been proved to be a healthy one since 2023, as each similar pullback was later fully reversed. This suggests we could still see some price stabilization this week. […]

The post Dollar Remains in Downtrend: More Weakness to Come After Rally appeared first on Action Forex.

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08/05/2024

AUD/USD Analysis: Aussie Weakens After RBA Decision

Following its decision on 7th May, the Reserve Bank of Australia (RBA) opted to maintain the interest rate at 4.35%, despite inflation continuing to decrease at a slower pace than anticipated by the RBA. “I think we still think they’re reasonably balanced with perhaps a little bit of a signal that we need to be […]
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Canada’s Labour Market Explodes Higher in April

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ECB Lagarde Will Incorporate Views of Hawkish Wing

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