Logo-color Logo-white

We have revised our view of the most likely scenario for the path of the RBA’s cash rate, pushing out the start date of the rate-cutting cycle from February to May, but more front-loaded than previously assumed. We have revised our view of the most likely scenario for the path of the RBA’s cash rate, […]

The post RBA Cash Rate: Later But Faster Cuts Now More Likely appeared first on Action Forex.

previous

Natural Gas Wave Analysis

next

US Money Markets Now Put Probability of 25 bps Fed Rate Cut in December at Only 50%

Read More

03/12/2024

NZDJPY Wave Analysis

NZDJPY broke support zone Likely to fall to support level 86.75 NZDJPY currency pair recently broke the support zone located between the support level 89.00 and the 38.2% Fibonacci correction of the upward price move from the start of August. The breakout of this support zone accelerated the active c-wave of the ABC correction 2 […]
10/01/2024

Inflation in Australia Continues To Decline. AUD/USD Tests Important Support

Data today from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) rose 4.3% year-on-year in November, the slowest pace since January 2022. Value a month earlier = 4.9%. Market forecasts = 4.4%. This strengthened market expectations that interest rates would not have to rise further. Although the head of […]
03/08/2024

Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight

US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the […]