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RBA expected to deviate from the Fed and hold rates steady Inflation risks remain a concern; labor market is tight AUDUSD faces resistance near 0.6835; next barrier around 0.6875-0.6900 RBA to keep rates steady  It will be time for the Reserve Bank of Australia (RBA) to announce its rate decision when its policy meeting concludes […]

The post RBA Policy Meeting : It’s Not Time for a Rate Cut Yet appeared first on Action Forex.

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11/12/2023

The Flash Sell-off in Crypto?

Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market prices, and we saw a massive exit from long positions in low liquidity before the regular session in Asia. Strong […]
26/04/2024

GBPCAD Wave Analysis

GBPCAD reversed from key support level 1.6910 Likely to rise to resistance level 1.7230 GBPCAD currency pair recently reversed up sharply from the key support level 1.6910, (former monthly low from February), standing well below the lower daily Bollinger Band. The upward reversal from the support level 1.6910 created the strong daily Japanese candlesticks reversal […]
05/12/2023

ECB’s Influential Hawk Takes Further Rate Hikes Off the Table

Markets Markets started off choppy yesterday, suggesting the bond-inspired everything-rally is losing steam. A backloaded eco calendar is keeping investors at bay as well. US yields recouped 2.1-9.6 bps from the huge losses incurred last month. The front end underperformed. German yields lagged behind but finished off intraday lows nevertheless. Changes varied between -0.8 bps […]