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Key insights from the week that was. In Australia, the RBA Board once again decided to leave the cash rate unchanged at 4.35% after reflecting on recent data. The new information included the Q4 National Accounts, which confirmed the economic slowdown broadened into year-end, and the Q4 Wage Price Index, which revealed an underlying slowdown […]

The post Cliff Notes: Four Sets of Circumstances, One Intent appeared first on Action Forex.

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21/12/2023

NZDUSD Climbs to Fresh 5-month High, Eyes 0.6300 Level

NZDUSD headed for eighth straight day of gains Bullish momentum continues to strengthen But is it at risk of a negative correction? NZDUSD reached a fresh five-month high of 0.6293 on Wednesday, as its bullish streak shows no sign of easing. The momentum indicators are looking dangerously overbought but a reversal may not be imminent […]
04/09/2024

All Eyes on JOLTs Labour Market Data

In focus today In the US, markets will pay close attention to the JOLTs labour market data for July. The Fed has highlighted the number of job vacancies as a key measure of labour market tightness, with the latest data signalling cooling labour demand but still low levels of actual layoffs. In Sweden, the Prospera […]
04/12/2023

AUD/USD Slips Ahead of RBA Decision

AUD/USD lower on Monday RBA likely to maintain rates on Tuesday The Australian dollar has started the week in negative territory. In the European session, AUD/USD is trading at 0.6648, down 0.40%. The Australian dollar is coming off a strong week, with gains of 1.38%. RBA expected to hold rates The Reserve Bank of Australia […]