The Reserve Bank of Australia is set to hike interest rates on Tuesday when it announces its decision at 04:30 GMT. But after surprising with a bigger-than-expected 25-basis-point increase at the last meeting, by what increment will policymakers raise rates this time? Recent data out of Australia has been mixed, but the long-awaited easing of […]
The post RBA to Hike Again, But by How Much? appeared first on Action Forex.
Markets The risk rally continued on Friday. European stocks soared by over 2%, catching up with US gains on Thursday (strong Q1 earnings from the likes of Microsoft and Meta). US stock markets gained over Read more…
Daily Pivots: (S1) 191.09; (P) 192.83; (R1) 194.17; More… Intraday bias in GBP/JPY stays neutral for consolidations below 193.72. Further rise is expected as long as 189.97 support holds. Above 193.72 will resume the rise Read more…
Daily Pivots: (S1) 163.36; (P) 164.00; (R1) 164.54; More… Intraday bias in EUR/JPY is turned neutral first with current retreat, and some consolidations would be seen. Further rally is expected as long as 161.68 support Read more…