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2021年迪拜外汇博览会获颁赠
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荣获2019年City of London Wealth Management Awards
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2017年伦敦财富管理奖
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World Finance Magazine 颁赠
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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2021年迪拜外汇博览会获颁赠
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2014年最佳外汇科技提供商
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CFI.co于2023年颁赠
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World Finance Forex Awards 2022 颁发
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market analysis
【XM Group】--AUD/USD Forex Signal: Slow Uptrend to 0.6600 to Continue
Risk Warning:
The purpose of information release is to warn investors of risks and does not constitute any investment advice. The relevant data and information are from third parties and are for reference only. Investors are requested to verify before use and assume all risks.
Hello everyone, today XM Forex will bring you "【XM Group】--AUD/USD Forex Signal: Slow Uptrend to 0.6600 to Continue". I hope it will be helpful to you! The original content is as follows:
Bullish view
- Buy the AUD/USD pair and set a take-profit at 0.6625.
- Add a stop-loss at 0.6450.
- Timeline: 1-2 days.
Bearish view
- Sell the AUD/USD pair and set a take-profit at 0.6450.
- Add a stop-loss at 0.6625.
The AUD/USD exchange rate tilted upwards on Tuesday morning as the US Dollar Index (DXY) pulled back ahead of the inflation report. It was trading at 0.6525, a few points above this month’s low of 0.6400.
The biggest forex news of the week is the upcoming US inflation data, which will be published on Wednesday. Economists polled by Reuters expect this report to show that US inflation rose slightly as xmcnbrokers.companies adjusted their prices because of Donald Trump’s retaliatory tariffs.
The median estimate is that the consumer inflation rose from 2.3% in April to 2.5% in May. Core inflation, which excludes food and energy prices, rose from 2.8% to 2.9% in May.
Many American xmcnbrokers.companies have warned that they will boost prices because of tariffs. Some of the most notable ones were xmcnbrokers.companies like Walmart, Home Depot, Target, and Lowe’s. Popular xmcnbrokers.companies like Temu and Shein have already hiked prices.
A higher inflation figure than expected will likely confirm the Federal Reserve’s worst fears that tariffs will cause inflation. It will also put pressure on the bank to maintain rates unchanged for a while.
Trump has called for the bank to slash interest rates by a full point, citing the European Central Bank (ECB) that has slashed rates eight times.
The US inflation data xmcnbrokers.comes a few days after the Bureau of Labor Statistics (BLS) published the latest nonfarm payrolls (NFP) data. These bumbers showed that the labor market softened in May as xmcnbrokers.companies weighed the impact of tariffs.
The AUD/USD pair will also react to the meeting between US and Chinese officials on trade. An agreement on rare earth materials and chips will likely be made public today.
AUD/USD technical analysis
The daily chart shows that the AUD/USD pair has been in an uptrend in the past few weeks. It has formed an ascending channel, xmcnbrokers.comprising of several higher highs and higher lows.
The pair has remained above the 50-day and 25-day Exponential Moving Averages (EMA). It has also formed an inverse head and shoulders pattern, a popular reversal sign.
Therefore, the pair will likely remain in this range on Tuesday. A bullish breakout will have it rise to the psychological point at 0.6600. A move below the 25-day EMA at 0.6450 will invalidate the bullish view.
The above content is all about "【XM Group】--AUD/USD Forex Signal: Slow Uptrend to 0.6600 to Continue", which is carefully xmcnbrokers.compiled and edited by XM Forex editor. I hope it will be helpful for your trading! Thank you for your support!
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