At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
The global economy has strengthened over the past year. Continue reading
RBA Monetary Policy Decision (5 June 2018) – rate unchanged at 1.50
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Tag Archives: AUDUSD
Did the Australian dollar find the bottom?
There was an interesting technical picture on the Australian dollar.
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.
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.
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.
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.
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.
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.
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.
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.
It 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
AUDUSD – technical analysis on 12/26/2017
Today, not all markets have opened after the holidays and volatility in the currency market is extremely low. In the week before Christmas, the AUDUSD pair showed significant growth. Let’s see what the picture is at the moment.
On the daily chart of the pair, we see that the pair met buyers at a historically key level – 0.75000. Continue reading
Monetary Policy Decision RBA 05.12.2017
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
Conditions in the global economy have improved over 2017. Labour markets have tightened and further above-trend growth is expected in a number of advanced economies, although uncertainties remain. Continue reading
AUDUSD – key level ahead.
The AUDUSD currency pair continued its decline last week. The decline continues from September 8, 2017, when the pair reached the value of 0.81249, but finished that day with a classic pin bar. This was the maximum value since May 2015. At present, on the daily chart, we see that AUDUSD has formed a clear descending channel.
AUDUSD D1
On the last trading day of the previous week the pair reached the minimum value of 0.75360, not reaching 360 pips to an important level of 0.75000. As we see the level, 0.75000 is the key for AUDUSD for almost 3 years. It was from overcoming it that the upward trend of the pair began in July this year, leading to the establishment of a new High 0.81249. Continue reading
