Australian dollar dips on Monday, dragged lower by weaker Chinese yuan, but remains within a congestion which extends into sixth straight day. Traders await RBA’s policy meeting (due early on Tuesday) for fresh signals, as the central bank is widely expected to raise interest rates by 25 basis points to 3.60% (the highest since Jan […]
The post AUD/USD: Aussie Dollar Stands at the Back Foot Ahead of RBA Policy Meeting appeared first on Action Forex.
It looks like the U.S economy may have already received a very good piece of news to start the week. That was what the financial markets were saying late Sunday. The good news: Reports the Read more…
Bitcoin posted a strong rally last week, driven by a combination of improved global risk sentiment and sustained institutional demand through exchange-traded funds. A key driver has been BlackRock’s spot Bitcoin ETF, which extended its Read more…
Key Highlights EUR/USD started a downside correction and traded below 1.1320. A connecting bearish trend line is forming with resistance at 1.1330 on the 4-hour chart. GBP/USD is consolidating gains and facing hurdles near the Read more…