RBA Cuts & Election Stunts

The Reserve Bank of Australia has done the expected and cut interest rates to a new record low at 0.1%. The markets responded negatively with the AUD/USD dropping to a low of 0.7035. However much of the downside had been factored in since Friday and therefor has not startled the pair too much as the […]

Bulls take charge on RBA decision

The bulls have charged through resistance and looking strong for the day. With the RBA deciding to keep the interest rates on hold at 0.25% we see the AUD/USD hovering around 0.7200. All eyes will be on the Federal Budget where tax cuts are expected to be announced. Technically the pair looks strong to hold […]