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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.

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21/03/2024

March FOMC Meeting: Still Building Confidence

Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25-5.50% at the conclusion of its March meeting. The Summary of Economic Projections showed that the vast majority of the Committee continues to believe some easing of policy will be appropriate this year. The median projection for the federal funds […]
06/02/2024

ISM Data Points to a Stronger Than Expected US Service Sector

In focus today Focus in the euro area is on retail sales for December. Private households are still cautious with spending despite the strong labour market and large savings from the previous years. We expect private consumption to improve during 2024 as real income rises, but the December 2023 print will likely show muted retail […]
18/12/2024

Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall?

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