RBA Monetary Policy Decision (5 June 2018) – rate unchanged at 1.50

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

phillip-lowe-RBA

The global economy has strengthened over the past year. Continue reading

Did the Australian dollar find the bottom?

There was an interesting technical picture on the Australian dollar.

The forecast for the pair AUD USD-060518
The AUDUSD pair tested a strong long-term mirror level (or more accurately say the zone) in the region of 0.7500 and fought off it upwards. Continue reading

Decision of the Reserve Bank of Australia – rates unchanged (1,5%) 03 April 2018

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

Reserve Bank of Australia

The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Continue reading

AUDUSD forecast for the upcoming week is March 26-30, 2018.

Drawing attention to the daily chart of the AUDUSD currency pair, we see that the last day of the previous week was closed by a bearish pin-bar.

AUDUSD forecast Daily-250318
Technically, on the daily chart, we see consistently falling High and Low, which indicates the continuation of the trend movement down. Continue reading

Currency options hold AUDUSD on forex

Despite the strengthening of the US dollar in anticipation of the Fed’s decision to raise the interest rate across the entire spectrum of the currency market, the AUDUSD currency pair is consolidating for the second day in a very narrow range.

Options on AUDUSD H4-200318
Most likely, the reason for this consolidation is the struggle for option levels. Continue reading

RBA Minutes of the Monetary Policy Meeting – 6 March 2018

International Economic Conditions

Members commenced their discussion of the global economy by noting that GDP growth in most of Australia’s major trading partners had risen to be above its five-year average over 2017 and that this momentum appeared to have been maintained into 2018.

RBA

Global GDP growth had picked up to be around 4 per cent over 2017. Globally, consumer price inflation had remained low and stable, although there had been some signs of wages growth and core inflation picking up in several advanced economies that were operating above estimates of full employment. Continue reading

The main currency pairs approached the key resistance – the analysis of USDX, EURUSD, USDJPY, AUDUSD

Depending on how the traders behave near these key zones, the picture will be clear for the next few days, especially for the US dollar.

Analysis USDX H4-220218

The US dollar index tested the lower limit of the resistance zone (red rectangle) from which the last move down occurred. Continue reading

Minutes of the RBA Monetary Policy Meeting 6 February 2018

International Economic Conditions

Members commenced their discussion of the global economy by observing that global GDP growth in 2017 had exceeded the expectations of most forecasters.

Philip Lowe RBA

 

The pick-up in growth had been synchronised across economies and was likely to be sustained in 2018, supported by accommodative monetary policy across the globe and an upturn in international trade. Continue reading

Bank of Australia leaves rate unchanged – 1,5% (decision-06/02/18)

Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

RBA
There was a broad-based pick-up in the global economy in 2017. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth has also picked up in the Asian economies, partly supported by increased international trade. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth. Continue reading

Technical analysis AUDUSD: correction or continuation of the trend?

The AUDUSD currency pair was in an increasing trend for 18 days. Yesterday was formed the doji-candel on daily chart. This morning, the pair could not update the high of yesterday at 0.78750 and fell to support at a value of 78.350. The minimum value shown today is 0.78268. What is the peculiarity of the situation. Let’s look at the daily chart.

Analysis AUDUSD Daily-080118It is in the support area at the value of 0.78330 that the principal level passes, which was the maximum of the pair from May 2015 to July 2017, i.e. more than 2 years. Continue reading