Trading news

Expert's opinion from FXFinPro

The consumer price index in Australia fell to -0.2%

Today has been published statistics on the consumer price index in Australia, which fell to -0.2% in Q1, against the forecast of 0.3%, and the previous value of 0.4%. The fall in inflation in the country stimulates the Reserve Bank of Australia to lower interest rates from the current level of 2.0%. Such a step will lead to a decrease in the Australian dollar. It is worth noting the growth of the probability of correction in commodity markets in the coming weeks, which will be also negatively displayed on the Australian dollar. We forecast a drop in prices in the near future and medium term with targets at 0.7400 and 0.7240.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Wednesday, 27 Apr, 2016 / 1:19

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

Source :

Trading news

 

USDCAD 5-Wave Impulse To Complete Triple Zigzag

The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]

Posted on Wednesday, 27 Jan, 2021 / 12:54 under

Republicans U-Turn On Trump Impeachment

Dollar Slides Ahead of FOMC The dollar index closed 0.27% lower yesterday as [...]

Posted on Wednesday, 27 Jan, 2021 / 12:53 under

OIL breaking higher after a surprise drawdown in API inventories – US OIL Market Outlook – 27/01/2021

WTI Crude breached our line in the sand resistance level at $52.60 to reach [...]

Posted on Wednesday, 27 Jan, 2021 / 9:26 under