Aussie holds firmly in green for the third straight day, lifted by weaker US dollar, after more cautious than expected tone from Fed chief Powell disappointed investors. Bulls probe above 0.73 level following Wednesday’s 1.04% acceleration, boosted by bullish signal, generated on close above the top of thick daily cloud (0.7274, also 50% retracement of […]
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Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…
Australia’s monthly CPI was unchanged at 2.1% yoy in October, below expectations of a rise to 2.5% yoy. This marks the lowest annual inflation rate since July 2021. Core inflation metrics presented mixed signals, with Read more…
Key Highlights WTI Crude Oil prices are struggling to clear the $71.20 resistance zone. A connecting bearish trend line is forming with resistance at $70.90 on the 4-hour chart. Bitcoin corrected gains and traded below Read more…