Logo-color Logo-white

RBA remains on hold at 4.35% as expected. The Board remains vigilant to upside risks to inflation and wants to return it to target sustainably, not just briefly. As expected, the RBA remained on hold at its September meeting, with the cash rate target kept at 4.35%. The media statement was broadly unchanged in tone; […]

The post RBA on Gold, Seeking Sustainable Disinflation appeared first on Action Forex.

previous

China Gets Serious About Boosting Growth

next

China Slashes Rates – Stimulus Package by PBoC Welcomed by Markets

Read More

15/11/2024

USDCAD: What’s Next After a Four-Year High?

USDCAD snaps long-term range above 1.4000 Bulls may take a breather; overall outlook remains bullish USDCAD enjoyed a lovely session on Thursday, and it even found fresh buying interest to tick to a new four-year high of 1.4070 on Friday after a four-day nonstop rally. Technically, the pair broke through the trendline resistance zone around 1.4040, now […]
19/12/2023

US 500 Index Rallies to New Highs in 2023

US 500 completes 8 green weeks Overall trend remains overwhelmingly positive The US 500 cash index rose to its highest level of 4,801 in at least two years. The index is recording the eighth straight green week following the strong rebound off the ascending trend line and the 4,120 support level. Weekly oscillators suggest that upside momentum […]
01/10/2024

How is Gold Prepping for NFP?

Gold prices are holding steady near $2,650 in Asian trading on Monday, despite positive market sentiment from China’s new stimulus measures. Traders are hesitant to make any big moves before the speech from US Federal Reserve (Fed) Chairman Jerome Powell later today. Powell didn’t touch on the economy or monetary policy in his last speech, […]