The Reserve Bank Board meets next week on September 5. We are confident that the Board will decide to keep rates on hold at the meeting. Following the Board’s decision to hold rates steady at the August meeting we concluded that rates would remain on hold until the September quarter next year when the first […]
The post RBA Board on Hold Next Week – Next Move Will Be Down appeared first on Action Forex.
Daily Pivots: (S1) 1.0844; (P) 1.0861; (R1) 1.0886; More… EUR/USD is staying in consolidation below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break of Read more…
Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by Read more…
Fed Vice Chair Michael Barr stated in a speech today that while inflation has decreased from its peak of 7.1% to 2.7%, it is “not yet all the way to 2% target. He noted that Read more…