RBA hiked the official cash rate by 25 bps to 4.35% as expected. Revised up slightly projected year-end 2024 Australia CPI inflation to be around 3.5% from 3.25% previously forecasted in August. AUD/USD has declined by -64 pips intraday from yesterday, 6 November high of 0.6523. Short-term momentum has turned bearish as depicted by the […]
The post AUD/USD Technical: RBA Hike Already Priced In, Minor Corrective Decline in Progress 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…