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The RBA revised up its near-term inflation forecast in November and delivered one of the “one to two” rate increases assumed in their forecasts. Not enough new information has come to hand since then to warrant delivering a second increase just yet. The monthly CPI indicator is volatile, but the October reading was a bit […]

The post We Reaffirm Our View RBA Will hold in December, But February 2024 Meeting Still Live appeared first on Action Forex.

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31/01/2024

Chinese PMIs in the Spotlight; Australian Inflation Key for Next Week’s RBA

Quarterly Australian inflation on Wednesday; could surprise on the upside Chinese PMI surveys also on Wednesday; Chinese stock indices remains under pressure Aussie’s outperformance against the US dollar depends on stronger data releases Market focusing on the Fed and US labour data Amidst a week monopolized by Wednesday’s Fed meeting and Friday’s US labour market […]
14/05/2024

A Steeper JGB Yield Curve May Kickstart Another Bullish Leg in Nikkei 225

Nikkei 225 has undergone a 4-week corrective decline of 10.6% since its 41,088 all-time high printed on 22 March. Nikkei 225 major uptrend phase in place since 4 January 2023 remains intact. BoJ’s recent announcement on its reduction of 5 to 10-year JGBs purchases has led to a spiked up in JGBs yields that implied […]
15/03/2024

Bitcoin Could Correct to $60K

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