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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.

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18/01/2024

Gold Price Dips Again and Crude Oil Price Turns Red

Gold price is correcting gains below the $2,040 support. Crude oil prices declined steadily below the $72.90 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,060 zone before it corrected lower against the US Dollar. A key bearish trend line is […]
25/10/2024

USDCAD Still Near the Almost 3-Month High

USDCAD adds 3.4% from 1.3420 Remains well above the SMAs MACD and RSI indicate overbought levels USDCAD has been creating a notable bullish rally since the bounce off the 1.3420 support level, taking the price to an almost three-month high of 1.3868. The pair added 3.4% on this rally, trying to switch the medium-term outlook […]
31/05/2024

USD/CHF Rate Falls Over 1% After SNB Chief’s Statements

As evidenced by the USD/CHF chart, yesterday one US dollar was worth 0.913 Swiss francs, but today it is already 0.903, indicating a rate drop of approximately 1%. According to MT Newswires, the franc’s strengthening is attributed to statements by Swiss National Bank (SNB) President Thomas Jordan. In his view, an overly weak franc is […]