RBA Governor Michele Bullock revealed in a speech today that the board “explicitly considered” another rate hike during Tuesday’s meeting. Although they decided to hold rates steady, Bullock stressed that RBA “will not hesitate” to hike if necessary. Bullock highlighted two main points from the meeting. First, despite weak economic growth, the gap between aggregate […]
The post RBA’s Bullock: Rate hikes still possible as inflation timeline extends appeared first on Action Forex.
EUR/USD concluded a stable week, trading around the 1.1170 mark, despite earlier momentum favoring the US dollar. Earlier in the week, the dollar surged—its fastest pace since early June—as markets anticipated insights from key Federal Read more…
Eurozone Economic Sentiment Indicator fell slightly from 96.5 to 96.2 in September. Employment Expectations Indicator ticked up from 99.4 to 99.5. Economic Uncertainty Indicator rose from 17.5 to 17.8. Industry confidence fell from -9.9 to Read more…
Market Picture The cryptocurrency market went on to break previous peaks at the end of August, adding over 2.8% in 24 hours to reach 2.29 trillion, a high of almost two months. This rise confirmed Read more…