Daily Pivots: (S1) 1.0915; (P) 1.0927; (R1) 1.0944; More….. Immediate focus is on 1.0944 minor resistance in EUR/USD. Firm break there will indicate that pullback from 1.1007 has completed at 1.0880 already. Retest of 1.1007 should be seen first. Further break there will resume rally from 1.0665 to 100% projection of 1.0665 to 1.0947 from […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
In the minutes from the November meeting, RBA emphasized “minimal tolerance” for a prolonged period of high inflation, acknowledging the already “lengthy period” of elevated prices. They underscored the need to observe “more than one Read more…
Hybrid – 4 and 5 November 2024 Members participating Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz AO, Alison Watkins AM Others participating Sarah Hunter (Assistant Governor, Economic), Christopher Kent (Assistant Governor, Financial Markets) Anthony Dickman (Secretary), David Norman Read more…
BoE MPC member Megan Greene warned during an event overnight that services inflation remains stubbornly high, with wage growth exceeding levels consistent with the 2% inflation target. “There’s some risk that wage growth might be Read more…