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The RBA cut the cash rate 25bps to 4.1% this week as expected. But the tone in the forecasts and initial rhetoric was more hawkish than we expected, reflecting an apparent pivot to ‘fine-tuning’. As was widely expected, the RBA cut the cash rate this week by 25bps to 4.1%. Inflation has declined faster than […]

The post Fine-Tuning (is) the Message appeared first on Action Forex.

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04/02/2025

GBPAUD: Symmetrical Triangle

GBPAUD, H1 GBPAUD is navigating in an uptrend, currently forming a symmetrical triangle pattern. 9-MA crosses the 14-MA up; however, the price is currently sandwiched between the 2.0050 resistance and 2.0000 support, giving a mixed sentiment. If the price breaks above the 2.0050 resistance, it may propel the asset to 2.0120. However, breaching below the […]
04/04/2024

USDJPY Hovers Beneath 152 Ceiling as Bulls Refuse to Give Up

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22/06/2024

The Weekly Bottom Line: A Grand Slam of Economic Data

U.S. Highlights U.S. retail sales grew marginally in May, however the downward revision in April points to waning momentum among U.S. consumers. Housing starts and building permits both declined in May as higher interest rates weigh on builder confidence. U.S. existing home sales dipped for a third consecutive month as record home prices stretch buyers’ […]