Trading news

AUDUSD may drop further due to inflation forecast

The AUDUSD dropped heavily after unexpected rate cut. The problem is that Australia is already addicted to debt and even more debt could turn Australia into Japan which is full of debt. Additionally, the statement suggested the inflation between 1-2 % in 2016 followed with 1.5-2.5 % through mid 2018. Moreover, as the inflation problem was not enough, the RBA also expressed its worries about the strong AUD (!) that definitely hurts the exports.

Another rate cut in August is possible and sell the rallies is the option.

The POC comes at 0.7392-0.7402 (DPP, Equidistant channel top, H3) and slightly above within 0.7420-35 we have another strong POC2 (H4,EMA89) and we could see another rejection on pullbacks towards POCs. Another important level to watch for is 0.7285 (X cross breakout) as momentum break or H4 close below will target 0.7220.

Monday, 09 May, 2016 / 12:24

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Asian Shares Traded Mixed, AUD Pressured As RBA Is Set For Further Monetary Easing

Asian stocks traded mixed as investors digested the People's Bank of China's [...]

Posted on Tuesday, 20 Oct, 2020 / 9:46 under

Stimulus uncertainty hits sentiment; RBA flags more easing

  US stimulus talks make progress but short time window spooks [...]

Posted on Tuesday, 20 Oct, 2020 / 9:34 under

The Important Things That You Should Know On 20/10/2020

1) The US dollar retreated after US officials reported have made progress [...]

Posted on Tuesday, 20 Oct, 2020 / 9:25 under