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In focus today Today, 7 October marks one year since Hamas’ terrorist attack that started the ongoing conflict in Middle East. On the eve of the day of memorial, Israel expanded its attacks both in Lebanon and Gaza and the threat of a full-blown regional war hangs in the air. In the euro area, we […]

The post Probability of 50bp Fed Rate Cut Declines After Strong Jobs Report appeared first on Action Forex.

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News of the Week (October 7—October 11): NZDUSD Market Overview

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21/05/2024

Australian Dollar Shrugs After RBA Minutes

The Australian dollar edged lower but recovered in the Asian session. AUD/USD is showing little movement in the European session, trading at 0.6660. RBA minutes: members discussed rate hike The minutes of the Reserve Bank of Australia’s meeting earlier this month indicated that members discussed the possibility of a rate hike before deciding to hold […]
02/01/2024

Bitcoin Price Rallies On Rumors of Spot ETF Approval

Key Highlights Bitcoin price started a fresh rally after rumors of spot ETF approval by today. BTC broke a major declining channel with resistance at $43,000 on the 4-hour chart. The price could continue higher if it remains stable above $44,000. The US Manufacturing PMI could remain at 48.2 in Dec 2023. Bitcoin Price Technical […]
09/10/2024

NZDUSD Battles With 200-Day SMA After RBNZ’s Rate Cut

NZDUSD continues the bearish correction Technical oscillators are mixed NZDUSD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the 0.6100 round number and is holding near the 200-day simple moving average (SMA), which is acting as a strong support level. The technical oscillators are showing […]