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As expected, RBA cuts cash rate 25bp to 4.1%. But a hawkish tone in the forecasts and rhetoric cements our view that RBA will move slowly from here. As was widely expected, the RBA cut the cash rate today, by 25bp, to 4.1%. Inflation has declined faster than the RBA’s previous forecasts implied, with underlying […]

The post And So It Begins… RBA Cuts Cash Rate 25bp to 4.1% appeared first on Action Forex.

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GBP/USD Advances – Will Bulls Keep the Pressure On?

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A Slight Bearish Bias on Core Bonds and Neutral on EUR/USD

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04/04/2024

GBP/USD: Slight Bullish Bias Above 200-DMA But Thin Daily Cloud Still Significant Obstacle

Cable extends recovery from 1.2540 double bottom (Apr 1 / 2 lows) and pressuring significant barrier at 1.2674 (daily cloud top / Fibo 38.2% of 1.2893/1.2539), as bulls regained traction after a false break below pivotal 200DMA support (1.2586). Near-term action is expected to keep slight bullish bias while holding above 200DMA, though sustained break […]
25/09/2024

Market Analysis: AUD/USD Rallies Toward 0.7000, NZD/USD Follows Suit

AUD/USD surged above the 0.6800 and 0.6850 levels. NZD/USD is also rising and might aim for more gains above 0.6300. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar rallied after forming a base above the 0.6750 level against the US Dollar. There is a key bullish trend line forming with […]
17/04/2024

EUR/CHF Technical: Bullish Exhaustion Condition Detected After 2-Month of Rallies

A bolder dovish ECB increases the likelihood of a yield premium shrinkage of Eurozone sovereign bonds over Switzerland sovereign bonds. The recent 2-month of rallies seen in the EUR/CHF have been overstretched with bearish momentum conditions flashed out. EUR/CHF is at risk of shaping a short-term mean reversion decline within a medium-term uptrend phase. Watch […]