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Monetary policy is working to bring demand and supply back into alignment and inflation back to target, and some of the concerns that would support a case to raise rates further were effectively dismissed by data released after the meeting. The Board’s decision to hold was therefore vindicated by subsequent events. The minutes of the […]

The post RBA Minutes December 2023: The Benefits of Waiting appeared first on Action Forex.

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29/11/2023

Australian Dollar Falls as Inflation Cools

Australian CPI falls more than expected AUD/USD down after four-day winning streak The Australian dollar is in negative territory on Wednesday, after four straight winning sessions. In the North American session, AUD/USD is trading at 0.6623, down 0.39%. Australia’s inflation rate surprises on the downside Australia’s inflation rate rose 4.9% y/y in October, down from […]
18/07/2024

Is AUDCAD Ready to Extend Its Uptrend?

AUDCAD prints higher highs and higher lows RSI and MACD detect positive momentum Break above 0.9260 could signal trend continuation Dip below 0.9125 may allow a decent correction AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of July 9 and the inside swing high of June 12.  Overall, the […]
15/02/2024

Japanese GDP Unexpectedly Contracted in Q4

Markets Broader markets recovered from the big post-CPI swings yesterday in absence of new drivers. US Treasuries rebounded, but technical breaks through resistance levels (in yield terms) weren’t undone. US yields eventually returned 8.5 bps (3-yr) to 2.8 bps (30-yr). Dovish Chicago Fed governor Goolsbee downplayed the upshot in monthly inflation dynamics, saying that inflation […]