EUR/USD Under Pressure as Fresh Downside Risks Emerge

RBA accepted that inflation has improved, but refused to turn that improvement into a declaration that rate hikes are finished. Cash rate was left unchanged at 4.35% unanimously, yet Board described policy as only “somewhat restrictive” and explicitly kept another increase on table, saying it could still raise rates “if upside risks materialise.” That is […] The post RBA Accepts Softer Inflation but Still Leaves Scope for One More Hike appeared first on ActionForex.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent. Inflation picked up materially in the second half of 2025, and information since the beginning of this year confirms that some of the increase reflected greater capacity pressures. While the impact of the Middle East conflict on inflation has […] The post (RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions appeared first on ActionForex.

Cleveland Fed President Beth Hammack made one of clearest cases yet for renewed tightening, saying in a Yahoo Finance interview on Monday, that more than one rate hike may ultimately be needed to return inflation to target. Hammack, who dissented from July decision to hold rates at 3.50–3.75% in favor of a 25bp increase, argued […] The post Fed’s Hammack Sees Multiple Hikes, Says Current Rates Aren’t Restrictive Enough appeared first on ActionForex.

The long-term advances in the Dow Jones and Copper cannot be correctly labeled as regular Elliott Wave impulses. The reason is based on one of the most important rules within Elliott Wave Theory: Wave 4 of a regular impulse cannot overlap the price territory of Wave 1 at the same degree. This overlap is visible […] The post Dow Jones and Copper: Why the Overlap Reveals a Nest and Signals a Major Risk-On Acceleration appeared first on ActionForex.

Market Overview The crypto market capitalisation has risen to $2.22T, returning to the levels seen at its two-week highs. Since the start of August, the balance of power has shifted in favour of buyers, but the pace of this recovery is significantly slower than that of the similar rally seen in early July. This suggests […] The post Bitcoin Consolidates Around $65K, Setting Its Sights on $70K appeared first on ActionForex.

The USD index plummeted amid a decline in US employment. Gold is benefiting from the Fed’s reluctance to raise interest rates. The US dollar touched a seven-week low after an unexpected labour market report. Employment in July unexpectedly fell by 23K. The figures for May were revised down from 129K to 63K, and those for […] The post The Dollar Let the Labour Market Down appeared first on ActionForex.

GBP/USD enters the week of 10–14 August near 1.3500 – its highest level since 15 July. Sterling is building on the momentum from a sharp decline in the dollar following a weak US labour market report, which reduced expectations of a Federal Reserve rate hike in September. Further support has come from the drop in […] The post GBP/USD Starts the Week on a Strong Footing appeared first on ActionForex.

USD/JPY finds itself at the center of one of the most dramatic currency stories this summer. Having weakened to a four-decade low near ¥164, the yen was pulled back sharply after Japan and the US carried out a coordinated intervention, with Tokyo reportedly spending around $34 billion in a single session to defend its currency. […] The post USD/JPY: Was Intervention Enough to Change the Trend? appeared first on ActionForex.

Eurozone investor confidence improved for a fourth straight month in August, reinforcing signs that sentiment is recovering alongside firmer economic data. Sentix Overall Index rose from -3.1 to 0.9, beating expectations of -1.3 and reaching highest level since February. Current Situation improved from -14.8 to -8.0, while Expectations edged up from 9.3 to 10.3. Sentix […] The post Eurozone Sentix Confidence Turns Positive, but Inflation Concerns Return appeared first on ActionForex.

The pair gained momentum following the release of the US labour market report for July 2026 on 7 August. Non-farm employment fell by 23,000 jobs, compared with a forecast for an increase of 80,000 jobs among economists surveyed by Reuters. Employment data for May and June were also revised downwards, according to the Bureau of […] The post GBP/USD Analysis: Weak US Labour Market Data Pushes the Pair Higher appeared first on ActionForex.

Key Highlights EUR/USD started a fresh increase above the 1.1520 resistance. A contracting triangle is forming with resistance at 1.1600 on the 4-hour chart. GBP/USD could gain pace if it clears the 1.3550 resistance. Gold prices climbed higher above $4,350 and might continue to rise. EUR/USD Technical Analysis The Euro formed a base above 1.1380 […] The post EUR/USD Strengthens Further as Buyers Press Their Advantage appeared first on ActionForex.

The RBA's Tuesday hold is a formality - what matters for AUD/CAD is whether its tightening bias survives, and the setup is asymmetric: preserving it offers limited support, while confirming the cycle has ended could trigger a deeper correction. The post AUD/CAD Risks Deeper Correction if RBA Tightening Bias Doesn’t Survive appeared first on ActionForex.