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Australian inflation, as measured by the Melbourne Institute's Consumer Price Index (CPI), saw a slight increase of 0.1% in September 2024. This uptick may have implications for the broader economy and consumers in Australia.It's...

Here is the latest Eco Data Update for October 7, 2024, providing actionable insights for Forex traders. Let's take a look at the key events and data releases for today:- 00:00 GMT: In Australia,...

China's National Day holiday started on October 1st and leading up to it, the Chinese government announced various economic stimulus measures, focusing on the property sector. These measures included reducing down-payment ratios, lowering mortgage...

Last week, GBP/USD broke below the 1.3265 support level, indicating a short-term peak at 1.3433. This week, the initial bias suggests a downward trend towards the 1.3000 cluster support level, which represents a 38.2%...

Upcoming Events:This week, there are several key economic events and data releases that will impact the forex market. On Monday, Eurozone Retail Sales data will be released, while China will be on holiday. Tuesday...

The USD/JPY pair has shown a strong rebound and broken through the 38.2% retracement level from 161.94 to 139.57 at 148.11. This indicates that the fall from 161.94 may have already come to an...

Hello everyone, I'm here to talk about the recent surge in crude oil prices and what it means for traders and investors. Crude oil prices have seen a significant uptrend, rising by about 14%...

EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...

Saudi Arabia surprised the market by increasing oil prices for Asian buyers more than expected. According to a report by Bloomberg, Saudi Aramco raised the official selling price of its key Arab Light crude...

The financial markets saw a boost last week with the release of strong US employment data, aligning market expectations with the Federal Reserve's monetary policy outlook. The possibility of a 50bps rate cut in...