RBA announced an increase in cash rate target by 25 bps to 4.35%, aligning with market anticipations. Accompanying this move, RBA signaled a shift to a neutral policy stance, indicating that “whether further tightening of monetary policy is required… will depend upon the data and the evolving assessment of risks .” In the statement, RBA […]
The post RBA hikes to 4.35%, future path hinges on evolving data appeared first on Action Forex.
GBP/CAD is entering a decisive moment as markets prepare for two key economic releases today: UK January GDP and Canada’s February employment report. The data arrives just days before the BoC’s policy decision on March Read more…
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Key Highlights USD/JPY remained in a bullish zone and climbed above 158.00. A key bullish trend line is forming with support at 158.20 on the 4-hour chart. Bitcoin could form a base for a move Read more…