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Buy the rumours, sell the facts. The US dollar was actively sold ahead of the announcement of the Fed meeting results. Investors expected the central bank to cut rates, with the FOMC’s updated forecasts showing two more acts of monetary expansion before the end of 2025, and the number of dissenters increasing from two in […]

The post Fed’s Dovish Stance Buoyed Stock Market appeared first on Action Forex.

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Cliff Notes: Countering Labour Market Risks

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20/05/2025

Markets Eye Trade Deals, DAX Breaches 24000

Asian Session Market Wrap The MSCI Asia Pacific index rose by 0.4% after the S&P 500 nearly entered a bull market on Monday. Hong Kong stocks went up by 1.3%, with Contemporary Amperex Technology surging up to 18% on its first trading day. Markets shrugged off a Moody’s downgrade with risk assets largely continuing their […]
11/01/2024

Nikkei 225 index Wave Analysis

Nikkei 225 broke resistance level 33830.00 Likely to rise to resistance level 35500.00 Nikkei 225 index earlier broke the key resistance level 33830.00 (which has been reversing the pair from the start of June). The breakout of the resistance level 33830.00 accelerated the active short-term impulse wave 3 of the intermediate impulse (3) from the […]
22/10/2024

AUD/USD Outlook: Bounce from New Multi-Week Low Needs to Clear Key Barriers to Sideline Larger Bears

AUDUSD bounces from new six-week low in early Tuesday trading after bears repeatedly faced strong headwinds from solid supports at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA). Fresh recovery attempts pressure strong barriers at 0.6695 (100DMA / daily cloud top) with firm break here needed to ease downside pressure and open way for extension through […]