Logo-color Logo-white

The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today. The markets […]

The post AUD/USD Remains Under Pressure as RBA Holds Rates appeared first on Action Forex.

previous

Bitcoin’s Bear Rally?

next

JP 225 Index Tries to Find Footing After 20% Crash

Read More

05/07/2024

USD/JPY Recedes From Peaks: Analyzing The Pullback

Key Highlights USD/JPY climbed to a new multi-year high at 161.95 before it corrected lower. It traded below a key bullish trend line with support at 161.50 on the 4-hour chart. EUR/USD extended gains above the 1.0785 resistance zone. Oil prices might soon attempt to clear the $85.00 resistance. USD/JPY Technical Analysis The US Dollar […]
17/09/2024

Sunset Market Commentary

Markets A range of ECB speeches in the wake of last week’s policy decision confirmed the different approach of Frankfurt – in all likelihood – is taking compared to the Fed. Kazaks (Latvia) and Holzmann (Austria) did so last week. Kazimir (Slovakia) today said that the next move (down) “must almost surely wait until December”. […]
07/06/2024

Time for the Spakfilla?

The national accounts confirmed that demand growth remained soft. Revisions to past tourism spending have no implications for future inflation but underline that weak supply is still an issue. This week’s national accounts confirm that the Australian economy is still soft. Domestic demand has limped along at a quarterly pace of 0.1–0.2% for a couple […]