rba

This week the main highlights of the economic calendar will be the RBA rate decision, US NFP report, OPEC meeting. Earnings to watch: Zoom and Lululemon

The Reserve Bank of Australia (RBA) left official interest rates at the historical low of 0.25% on its monthly meeting on Tuesday. RBA governor Philip Lowe said, "Uncertainty about the health situation and the future strength of the economy is making many households and businesses cautious, and...

The Reserve Bank of Australia (RBA) decided to keep the interest rate at 0.75 per cent today in its final interest rate decision of the year. AUD/USD surges to a two-week high. Since the trade war uncertainty continues the overall trend for Aussie still bearish, we may find sellers around...

Ahead we have UK CPI which could be a major mover with US CPI later in the NY session. EURGBP long was stopped out on pound strength along with the recent Brexit poll that showed 55% to stay versus 40% to leave. Current Sentiment: The minutes from the recent RBA meeting were released during...

Our bias for the AUD has turned bearish since the substantial decline in CPI. Although the May 3 RBA statement made no explicit mention of further cuts, it goes without saying that an environment of persistently low inflation will force the central bank to cut further in an attempt to drive...

This week is comparatively quite in terms of Forex News events. The highlight is US employment figures on Friday. Other releases worth keeping an eye on are New Zealand Employment data, UK Services PMI’s and RBA monetary policy statement. Full list of Forex news trading events taking place...

Our trade call is to buy AUDNZD from 1.1152, which is just above the 50% retracement for the recent 80-pip rally. The reasons for the trade are lower Business Confidence from New Zealand and a neutral RBA statement. The results of today’s GDT auction could effect conviction in this trade so...

There is no trade call for the session, however we will continue to monitor incoming data for any potential opportunities. Current Market Sentiment: Yesterday's New York session saw Personal Consumption Expenditure for December released from the US, of which the core showed a miss on the m/m...

https://www.youtube.com/watch?v=RzcT9qSJwNg I’ve put together some analysis of this week’s Forex news events, which I hope will give everyone a good understanding of how I’m viewing the market for this week. This week’s “high impact” news event that I will be looking to trade is as follows...

So we enter the first week of the last month of this calendar year. December is usually considered a dull month in terms of the global turnover of trade volume, due to the holiday season with slight slumps in liquidity. However this week is packed with a lot of action and expectations. The...