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RBA stands pat in December after considering a hike Rate cut bets come forth after weak data and slowing inflation But CPI details may allow officials to keep the tightening door open The decision will be announced on Tuesday at 03:30 GMT December’s hawkish hold At its December decision, the Reserve Bank of Australia (RBA) […]

The post Will RBA Drop Its Tightening Bias? appeared first on Action Forex.

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11/12/2023

Will ECB Set the Stage for an Early 2024 Rate Cut?

The final ECB rate-setting meeting for 2023 could hold surprises Market looks for rate-cut hints; extra focus on projections and overall rhetoric Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT Is President Lagarde ready for a dovish tilt? This week is shaping up to be a cracking one as the […]
31/01/2024

GBP/USD Eyes Fresh Increase, Fed Rate Decision Next

Key Highlights GBP/USD is holding the 1.2620 and 1.2600 support levels. A key declining channel is forming with resistance near 1.2700 on the 4-hour chart. EUR/USD extended losses toward 1.0800 and remains at risk of more downsides. The Fed interest rate decision is scheduled today (forecast 5.5%, versus 5.5% previous). GBP/USD Technical Analysis The British […]
04/09/2024

WTI Oil Futures Test Critical Support

WTI oil futures seek buyers around strong support trendline near 69.00 Short-term bias remains bearish; a bounce above 74.00 is needed WTI oil futures edged up to 71.44 on news that OPEC members are discussing a potential delay in a planned output hike in October. Technically, the price rotated higher after marking a nine-month low […]