<p><img width="507" height="338" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-japan5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p> <p>Japan saw a modest improvement i
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Aussie Recovers with RBA Hold and China Stocks Rally, But Momentum Tepid
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RBA's Bullock: We still have got a "little way to go" to get inflation down
<ul><li>We are not ruling anything in or out on policy</li><li>We still think risks are balanced</li><li>What we're really looking for is data that assures that inflation is coming back to target</li><li>We've had good news so far on inflation but it still has a '4' in front of the
New economic forecasts from the RBA see lower growth and inflation in 2024
<p>The updated economic forecasts for 2024 and 2025 show small shifts in expectations for Gross Domestic Product and the Consumer Price Index.</p><p>For 2024, the GDP forecast has been slightly adjusted downwards from an initial expectation of 2.0% to 1.8%. The CPI forecast for the same year also saw a slight adjustment, moving fr
RBA holds cash rate at 4.35%, as expected. Says further hike cannot be ruled out.
<ul><li>Prior was 4.35%</li><li>While recent data indicate that inflation is easing, it remains high. The Board expects that it will be some time yet before inflation is sustainably in the target range</li><li>Inflation continued to ease in the December quarter. Despite this progress, inflation remains high at 4.
The RBA decision coming up next
<p>The RBA decision is due at the bottom of the hour. </p><p>The mode in global central banks has to been to shift to a neutral stance from outright hawkishness. Will the RBA do the same? </p><p>Right now there is only a minimum chance of a price hiked in today but that gradually rises to 50/50 […]
The Federal Reserve speaker parade continues on Tuesday. What to watch for
<p>The comments from Federal Reserve Chairman Jerome Powell on 60 Minutes set the tone for the week. I don't think he said anything new but there was plenty of talking… and there is plenty more to come.</p><p>I strongly suspect the Fed could live with its current messaging and Fed funds futures pricing in a 16% [&hellip
Are traders finally getting on board with the central bank pushback?
<p>The main story in markets coming into this year is that of central banks. To be more specific, it is about rate cuts and when we might get them. Traders were quite optimistic on that front and aggressively priced in rate cuts in the final two months of last year. Now, how has that played […]
Forexlive Asia-Pacific FX news wrap: RBA holds rates, China market murmurs continue
<ul><li><a href="https://www.forexlive.com/centralbank/rba-holds-cash-rate-at-435-as-expected-20240206/">RBA holds cash rate at 4.35%, as expected. Says further hike cannot be ruled out.</a></li><li><a href="https://www.forexlive.com/centralbank/rbas-bullock-we-still-have-got-a-little-way-to-go-
Chinese President Xi JInping to discuss stock market with regulators
<p>Bloomberg reports that Regulators led by the China Securities Regulatory Commission plan to update the top party leadership on market conditions and the latest policy initiatives. The meeting could come as soon as today said the people cited with knowledge of the matter. </p><p>The report says it's unclear whether any new