Trading news

Expert's opinion from FXFinPro

RBA said about the improvement of the economic outlook for Australia

Today the Reserve Bank of Australia issued a statement according to which the country's economy continues to grow at a slow rate despite a decline in investment and in the mining sector. At the same time, rising prices for housing in Australia has slowed. Inflation in the country is still below the target levels of 2-3% and will remain below these levels in the near future, which allows the Reserve Bank of Australia to soften monetary policy. Commodity prices and the expected rise in interest rates of the Fed will adversely affect the price of the Australian currency and after the current growth, we expect the resumption of the negative dynamics with the objectives at 0.70 and 0.68.

More detailed analytics you can see at our site


Tuesday, 01 Dec, 2015 / 10:18

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

Source :

Trading news


ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under

Dollar succumbs to Powell’s dovish tune; stocks mixed

  Powell reiterates that rate hikes are a long way off, pressing [...]

Posted on Thursday, 15 Apr, 2021 / 10:15 under

Crude oil recorded sharp gains on Wednesday, notching the highest finish since mid-March.

Recent demand updates from several agencies signalled increased uptake of oil [...]

Posted on Thursday, 15 Apr, 2021 / 7:53 under