The RBA was too hawkish in its rhetoric last month to consider a cut at this meeting. The labour market, wages, consumption and trimmed mean inflation are all crucial for the path beyond that. We are sufficiently confident that the RBA will keep rates on hold on 1 April that I will be writing my […]
The post No April Fooling for RBA – Rates on Hold This Meeting appeared first on Action Forex.
McDonald’s tends to tease its American customers. It’s not uncommon for the chain to unveil items on its global menu that Americans would really love. Sometimes, an addition overseas is a sort of tryout for Read more…
Daily Pivots: (S1) 1.0769; (P) 1.0800; (R1) 1.0822; More… Intraday bias in EUR/USD Is back on the downside, with breach of 1.0775 temporary low. Corrective fall from 1.0953 is extending lower, but downside should be Read more…
Daily Pivots: (S1) 0.8801; (P) 0.8825; (R1) 0.8850; More… USD/CHF is staying in consolidation from 0.8757 and intraday bias stays neutral. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. Read more…