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With the September quarter CPI data confirming that the disinflation remains on track and supply-side concerns easing, rate cuts from February still seem the most likely path for the RBA. Following today’s inflation data for the September quarter, we affirm our call for the Reserve Bank Board to leave the cash rate unchanged at its […]

The post RBA November Meeting: Cash Rate Unchanged Until February appeared first on Action Forex.

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10/05/2024

AUDUSD Remains Undecided Near Crucial Technical Region

AUDUSD repeatedly fails to conquer the 0.6643-0.6666 range But outlook is positive as price holds above 50 and 200-day SMAs Momentum indicators deteriorate but remain in positive zones AUDUSD has been in a steady advance since its bounce off the five-month low of 0.6363 in mid-April. Although the pair has been rejected at the 0.6643-0.6666 range […]
23/09/2024

Euro Slips as Eurozone PMIs Dip, US PMIs Next

The euro has started the trading week with considerable losses. EUR/USD is trading at 1.1103 in the European session at the time of writing, down 0.50% on the day. Later today, we’ll get a look at US services and manufacturing PMIs. Eurozone and German PMIs disappoint The August PMIs for services and manufacturing were a […]
18/06/2024

US Dollar Index Outlook: Remains Constructive Ahead of Key Economic Data

The dollar index rose on Tuesday, keeping overall positive sentiment, driven by expectations for Fed rate cut in November and recent political turmoil in the Europe, which deflated Euro. Traders look for fresh signals about the central bank’s rate cut path, with today’s release of US May retail sales to provide more details about the […]