RBA holds cash rate steady at June meeting as expected, strikes a hawkish tone with rate hikes still on the table. As was all but universally expected, the RBA Monetary Policy Board (MPB) held the cash rate steady at 4.35% at its June meeting. But in a move that was less surprising to us than […]
The post RBA Holds at 4.35%, Ready to Hike if Needed appeared first on ActionForex.
It wasn’t just the US and China that contributed to the fall in oil prices. Traders bet that Trump always chickens out. The US dollar quickly recouped some of its losses as markets began to Read more…
Market Overview The crypto market capitalisation rose to $2.3 trillion by the end of Monday, before falling back to $2.27 trillion at the time of writing. The market recovery trend continues, but the relatively cautious Read more…
German investor sentiment improved sharply in June, with the ZEW Economic Sentiment Index surging from -10.2 to 10.5, far exceeding expectations of -6.0 and returning to positive territory. The Eurozone-wide measure showed a similar improvement, Read more…