Post Tagged with: "RBA"
Important Week For Aussie
AUD/USD made strong moves last week, and surrendered to a major resistance line. This week influx of Australian economic indicators might send the Aussie over the line. AUD/USD closed at 0.6938 in the previous week and closed the week at 0.7149. The Aussie began the week on the downside, going as low as 0.6768. But
Forex Daily Outlook – March 30th 2009
The forex market will be moved mostly by speeches around the globe. Important figures include Japanese Prelim Industrial Production and European Consumer Confidence. Let’s see what’s on the menu… New Zealand starts the forex week very early, with the monthly Building Consents. They previously fell by 13.1% – very bad. A further decline could stop the
Forex Daily Outlook – March 25th 2009
American Core Durable Goods Orders will be in the limelight today, but there are many more important releases around the globe: German Ifo Business Climate, British CBI Realized Sales and American Home Sales will also draw attention. Let’s review all the events. New Zeland starts the day with Westpac Consumer Sentiment. Last quarter, it stood on 101.3. NZD/USD showed
Aussie Settling Above 0.7000
AUD/USD encountered short term resistance on the psychological 0.70 level, but with the help of Philip Lowe, RBA assistant governor, it now trades above this level, looking up to major resistance. AUD/USD, one of my favorite currency pairs, began the forex trading week with a weekend gap of about 60 pips. During the Asian and European
Forex Weekly Outlook – March 23-27 2009
The upcoming forex week has many interesting figures. Britain will get the limelight with lots of important releases: CPI, Nationwide HPI, Retail Sales and more. In the US, Core Durable Goods Orders and Home Sales will be major. Also note New Zealand’s GDP and the German Ifo Business Climate. Let’s see what’s due for us this week. Will
Forex Daily Outlook – March 17th 2009
Lots of important figures are released around the globe. German ZEW Economic Sentiment and American Building Permits stand out. So, what’s on the menu? Will the dollar continue falling? Australia starts the day with the Monetary Policy Meeting Minutes. It will be interesting to look into the minds of the RBA members, when they took a surprising (some
AUD/USD In Narrowing Channel – Break is Close
The AUD/USD is trading between an uptrend support line and a downtrend resistance line, and it will soon have to break somewhere. Fundamentals say the direction is up. Technical: As seen in the graph below, the AUD/USD is closed by a downtrend resistance line than began with a high in September, was formed in a
Forex Daily Analysis – February 17th 2009
Forex trading warms up on Tuesday, after a slow start. The US dollar began with a rise. Today’s big figures are Australia’s Monetary Policy Meeting Minutes, British CPI, German ZEW Economic Sentiment and American TIC Long-Term Purchases. Australian Monetary Policy Meeting Minutes released in the wake of the day, sent AUD/USD down. The RBA said that the stimulus plan
Forex Daily Analysis – February 10th 2009
Tuesday morning begins with a somewhat stronger dollar, after weakening yesterday. Barack Obama seems to renew his election campaign, going out to the public and talking about the stimulus plan. Not much data today, but many speeches will dominate forex trading. Data began pouring from Britain with a disappointing figure: RICS House Price Balance -76.3%. More
Forex Daily Analysis – February 3rd 2009
News from Australia was dominant at the wake of Tuesday morning. Interest rate was cut as expected by 1%. The next big thing today is the Pending Home Sales figure in the US. What else is there today? Rate Cut in Australia Australia’s RBA slashed the Cash Rate to 3.25%, down from 4.25%. This ends a week