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RBA will meet on Tuesday, cash rate is expected to be kept unchanged Market wants a dovish show, but RBA could remain somewhat hawkish Aussie could benefit against the US dollar from a hawkish gathering Decision to be announced at 03.30 GMT, press conference one hour later The Reserve Bank of Australia meets on Tuesday […]

The post RBA Could Maintain a Degree of Hawkishness appeared first on Action Forex.

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10/03/2024

Forex and Cryptocurrencies Forecast

EUR/USD: A Bad Week for the Dollar The past week was dominated by the European Central Bank (ECB)’s meeting on Thursday, 7 March. As anticipated, the pan-European regulator decided to maintain its current monetary policy, leaving the interest rate unchanged at 4.50%. This move reaffirmed its commitment to steering inflation into the desired range. The […]
27/05/2024

Japanese Yen Slightly Rises Against USD

The Japanese yen slightly increased against the US dollar on Monday, with the USD/JPY pair holding near 156.73. Investors have already priced in previous remarks from Bank of Japan (BoJ) officials. BoJ Governor Kazuo Ueda emphasized the need to anchor inflation expectations before revisiting interest rate decisions, highlighting the challenge of accurately determining the necessary […]
11/04/2024

USD/JPY Technical: Rising US Treasury-JGB Yield Spreads Outweigh BoJ’s Intervention Risk

A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act […]