Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
The RBA left its cash rate unchanged at 3.60% in a unanimous decision, in line with expectations. The move reflects the Board’s preference to pause while monitoring whether recent economic surprises point to a more persistent inflation challenge. According to the RBA, recent partial data suggest that September-quarter inflation may come in above projections made […]
The post RBA holds steady at 3.60%, warns Q3 inflation may surprise on upside appeared first on Action Forex.
At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent. The decline in underlying inflation has slowed. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and potential supply closer towards balance. Both headline and trimmed mean […]
The post (RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions appeared first on Action Forex.
At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent. The decline in underlying inflation has slowed. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and potential supply closer towards balance. Both headline and trimmed mean […]
The post (RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions appeared first on Action Forex.
China’s official PMI data for September signaled tentative improvement in industry but lingering softness in services.The NBS Manufacturing PMI rose to 49.8 from 49.4, its highest since March, though it still pointed to contraction. The gauge has been under 50 since April, reflecting headwinds for large and state-linked producers. The NBS Non-Manufacturing PMI slipped from […]
The post China’s NBS PMI points to easing manufacturing weakness, services soft patch appeared first on Action Forex.
New Zealand’s ANZ Business Confidence edged slightly lower in September, slipping from 49.7 to 49.6. Though, Own Activity Outlook improved to 43.4 from 38.7. Inflation pressures ticked mildly higher. One-year-ahead inflation expectations rose to 2.71% from 2.63%,. The share of firms expecting to raise prices in the next three months climbed to 46%. Cost expectations […]
The post NZ ANZ business confidence ticks down, but activity outlook improves appeared first on Action Forex.
Key Highlights Gold extended its rally and traded to a new record high above $3,850. A key bullish trend line is forming with support at $3,785 on the 4-hour chart. WTI Crude Oil prices failed to recover above $66.50 and trimmed gains. EUR/USD could struggle to clear the 1.1780 and 1.1800 resistance levels. Gold Price […]
The post Gold Hits New Record – Could Bulls Drive Price Toward Next Milestone? appeared first on Action Forex.
Japan’s latest data painted a downbeat picture of economic momentum in August. Industrial production slipped -1.2% mom, falling short of the expected -0.8%. Of the 15 industrial sectors, 12 including metal products, and inorganic and organic chemicals, saw output decreases. METI maintained its description of output as “fluctuates indecisively”. Officials stressed that firms remain highly […]
The post Japan’s industrial output falls -1.2% mom in August, retail sales contracts appeared first on Action Forex.
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