2025-07-01 09:54:28

This nose has a cycle of 5/7/15 days+, with a ultimate goal estimated at 150%+

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BornToBeBeautiful131

· 07-02 02:37

Jin10 data reported on July 2, Australia’s retail sales growth in May was below expectations, prompting traders to more firmly believe that the Reserve Bank of Australia will cut interest rates as early as next week. Data released by the Australian Bureau of Statistics on Wednesday showed that retail sales grew by 0.2% in May, up from flat in the previous month, but below the expected growth of 0.5%. A series of earlier reports indicated that economic momentum is weakening, from easing price pressures to unexpectedly high unemployment and cautious consumer sentiment, which strengthens the case for further rate cuts by the Reserve Bank of Australia. Traders have fully priced in the expectation of three more rate cuts this year, with the earliest cut likely to occur next Tuesday.

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