Markets Most markets built on yesterday’s moves in a rather dull trading session today. European stocks (Eurostoxx 50) added another 1.8% after taking out a first resistance level around 3451 (July 2020 interim high) shortly after the open. US equities go even further gaining more than 2% after big, 3%+ gains yesterday (Nasdaq). The jury’s […]
The post Sunset Market Commentary appeared first on Action Forex.
RBA delivered a widely expected 25bps hike to 4.10%, but the real surprise lay in the 5–4 split decision, exposing a deeply divided board. The narrow margin suggests that while policymakers are concerned about inflation, Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. While inflation has fallen substantially since its peak in 2022, it picked up materially in the second Read more…
Bitcoin is staging a notable recovery this week, climbing back above the 75,000 handle even as geopolitical tensions in the Middle East remain elevated. The move challenges the typical risk-off playbook, where escalating conflict would Read more…