The Aussie and the Kiwi are telling two very different monetary policy stories right now, and the divergence is starting to show up clearly in the cross. The RBA held its cash rate at 4.35% in August, but the hawkish tone that once dominated has faded fast: Q2 inflation cooled to 3.9% from 4.1%, prompting […]
The post AUD/NZD: a Mixed Jobs Report Meets a Critical Chart Level appeared first on ActionForex.
AUD/USD is rallying on improving risk sentiment and a softer Dollar, but the same falling oil prices driving that optimism are also weakening two of Australia’s own fundamental supports — explaining why the pair has Read more…
Following last week’s sharp decline, the US dollar has entered a consolidation phase against most major currencies. At the same time, some instruments, including USD/JPY, are showing a moderate recovery as markets await fresh macroeconomic Read more…
Market Overview Having risen steadily for the second day running, the crypto market capitalisation has returned to $2.19T, matching levels seen at the end of last week. Despite the weakened correlation between cryptocurrencies and US Read more…