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A longer meeting, but an expected outcome – the case to hold outweighed the case to hike. This month’s minutes were the first under the new arrangements with longer meetings. While the list of attendees was longer – including the Chief Communications Officer – the minutes themselves were only marginally longer than the previous month’s […]

The post RBA Minutes: Plus ça change appeared first on Action Forex.

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10/09/2024

US: Small Business Optimism Pulls Back in August

NFIB’s Small Business Optimism Index fell 2.5 points to 91.2 in August, coming in below market expectations calling for a flat print. Eight of the ten subcomponents fell on the month, while only two improved. Large declines were recorded in expectations regarding higher real sales (-9 points to -18%), earnings trends (-7 points to -37%) […]
21/06/2024

USD/JPY on the Rise: Surges To Aim For New Highs

Key Highlights USD/JPY gained pace and cleared the 158.20 resistance. A major bullish trend line is forming with support at 158.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0765 resistance zone. The US Manufacturing PMI could decline from 51.3 to 51.0 in July 2024 (Preliminary). USD/JPY Technical Analysis The US Dollar remained […]
20/12/2023

Gold Price Eyes Breakout, Crude Oil Price Recovers

Gold price gained traction and climbed above the $2,030 resistance level. Crude oil price is recovering, and it could climb further higher toward the $78 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $1,975 zone against the US Dollar. A connecting bullish trend line is […]