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Two divergent views on the appropriate path for the cash rate got a good airing in the July Monetary Policy Board minutes. RBA Monetary Policy Board (MPB) minutes acknowledge that inflation is within target and likely to stay there, while monetary policy is ‘modestly restrictive’. The labour market was viewed as still tight, though subsequent […]

The post RBA Minutes July 2025: The Narrow Path of Narrative appeared first on Action Forex.

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07/02/2025

Another Positive Surprise for Canada’s Job Market in January

The Canadian labour market’s solid job gains carried over into 2025, with 76k new jobs beating expectations. Job gains were split between full (+42.3k) and part-time (+38.6k) positions. The healthy job gain pushed the unemployment rate down another 0.1 percentage point to 6.6%. Following a period where labour force growth was outpacing job creation, the […]
10/01/2025

AUD/USD: Bears Pressure Key Support as Markets Await Release of US Labor Report

AUD/USD remains firmly in red and pressuring key support at 0.6170 (2022 low) after a brief recovery was repeatedly rejected above falling 20DMA and formed a double bull-trap on daily chart. Bearish daily studies maintain downside pressure, though further headwinds in this zone should be anticipated as indicators are entering oversold territory. On the longer […]
10/12/2023

Forex and Cryptocurrencies

EUR/USD: Continuation of the Rate War The labour market and inflation: these are the factors that Central Banks closely monitor when making decisions regarding monetary policy and interest rates. It is sufficient to recall the significant shift that occurred after the publication of October’s inflation data in the United States. In November, the dollar weakened […]