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The Australian dollar is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6507, down 0.80%. The Aussie is on a nasty slide and has declined by 1.7% since March 13. RBA removes tightening bias The Reserve Bank of Australia maintained the cash rate at 4.35% for a fourth straight time at […]

The post Aussie Slides After RBA’s Pause appeared first on Action Forex.

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02/05/2024

RBA Decision: Will a Rate Hike be Back on the Table?

RBA meets amid uptick in Australian inflation Muddied economic outlook may complicate policy path Aussie remains choppy ahead of Tuesday’s decision (04:30 GMT) Inflation setback The Reserve Bank of Australia is no stranger to policy flip-flops and the May decision may just add to the tally. Having dropped their tightening bias as recently as the […]
21/08/2024

GBP/USD Gathers Pace, More Gains In Sight?

Key Highlights GBP/USD started a fresh increase above the 1.2920 resistance. It broke a major bearish trend line with resistance at 1.2765 on the 4-hour chart. Gold prices are consolidating gains above the $2,500 resistance. EUR/USD surged toward the 1.1120 level and aims for more upsides. GBP/USD Technical Analysis The British Pound formed a base […]
23/05/2024

NZ First Impressions: Retail Trade, March Quarter 2024

Retail spending was much stronger than expected in the March quarter. However, the longer-term trend in spending remains weak. March quarter real retail sales (volumes): +0.5% (Prev: -1.8%) Westpac f/c: -0.5%, Market: -0.3% March quarter nominal sales level: +0.7% (Prev: -1.4%)  Annual changes (March 2024 vs March 2023) Nominal sales: 0.6% Volume of goods sold: […]