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The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility. However, we note that the RBA warned that it was ready to raise the rate. In its commentary on the rate decision, the Australian central […]

The post RBA Readiness to Hike Positive for AUD appeared first on Action Forex.

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05/06/2024

Could Stronger US Data Force a Fed Rate Cut?

Markets crave weaker US data to support their rate cut expectations Strong data this week could cause an acute market reaction The Fed might find it easier to act if financial stability is under threat The key question in the market participants’ minds is when the Fed is going to start easing its monetary policy […]
14/08/2024

AUD/USD Outlook: Keeps Firm Tone Ahead of US Inflation Data

AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk appetite. Technical studies are bullish on daily chart (rising positive momentum / MA’s turning to bullish setup) with strong bullish […]
20/04/2024

U.S. Economy’s Outperformance Carried on into the Start of the Year

The first estimate of U.S. Q1 gross domestic product next Thursday is expected to show another robust increase—extending a long stretch of outperformance in the U.S. economy versus advanced economy peers. We expect U.S. output to have grown by an annualized 2.3% from Q4 last year, powered by stronger consumer spending and a tick-up in […]