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As we expected, the RBA Board kept rates on hold following its December meeting. Information received since the previous meeting in early November was considered ‘broadly in line’ with their expectations. The Governor’s decision statement emphasised that inflation continues to moderate, driven by the goods sector. Ahead of its meeting in February 2024, the Board […]

The post RBA Gives Itself Time to Assess appeared first on Action Forex.

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06/09/2024

Market Analysis: GBP/USD Recovers While EUR/GBP Eyes Gains

GBP/USD is attempting a fresh increase from the 1.3090 zone. EUR/GBP is gaining pace and might extend its upward move above the 0.8440 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today  The British Pound is attempting a recovery above the 1.3130 zone against the US Dollar.  There was a break above a key bearish […]
19/07/2024

US Dollar Index Outlook: Risk Aversion Lifts the Dollar

The dollar index extends recovery into second straight day, with strong bounce from new four-month low (103.31) on Thursday, being fueled by fresh risk aversion on global cyber outage, which hit financial centers, banks, airlines and many others, prompting investors into safer assets. Technical picture on daily chart is overall still negative, as 14-d momentum […]
29/04/2024

USD/JPY 160 the Line in Sand for (Hhidden) Interventions?

Markets Japanese markets were closed for Showa day today. Still, despite (or maybe due to) holiday thinned market conditions, the yen moved sharply up and down this morning. At first, Friday’s post BoJ yen weakening due to persistent policy divergence between the BoJ and colleagues from other developed countries continued and even accelerated. USD/JPY briefly […]