The week ahead

We have a full week of  announcement in the week ahead. How is the pandemic affecting the markets? Which economy is on the rise? German Retail Sales will be first cab of the ranks today followed by US ISM manufacturing PMI, RBA Interest Rate Decision and Europe GDP tomorrow. Lets take a look at what […]

AUD/USD struggles ahead of RBA interest rate decision

The expectation for this rate decision is that the RBA will cut rates to a record low at 0.10%. This is weighing heavily on the Aussie as we see it fall closer to 0.7 a major support level for the pair. Although it did breach the this support, falling to 0.6996 it was only for […]

The Week Ahead

It almost seems like every week is a big week lately. This one is no different. Looking at the economic calendar below and only highlighting the high impact announcements, we see a lot of red. Chart is set at GMT + 10 West Pacific Standard time Monday Starting the week off we China, Great Britain […]

RBA leaves rates on hold. Gold surges to 2 week high.

Nothing can stop the free-fall we are seeing in the dollar. Across all major pairs we see the dollar suffering and this is true in the gold price too. Gold bulls are running the streets of Wall St after a sluggish week saw the yellow metal fall below are critical level of $1977. Now we […]

Gold in free-fall

Market Insight

The strong dollar recovery has contributed to the nosedive that gold is taking. with America’s COVID situation and the little to no progress in the fiscal talks have also lead to gold free falling without a shoot. The run up was spectacular and the trend showed it would remain. But The bears came out of […]

RBNZ Flat lines on interest rates

After only four new cases of coronavirus, New Zealand is going into lockdown again today. Prime Minister Jacinda Ardern announced Auckland would return to stage three restrictions for three days starting Wednesday after its 100 day streak of not a single single recorded case was broken. The fear comes not in the fact there are […]

AUD/USD rally ahead of RBA rate decision

We have seen a slight recover in the pair bouncing off of it’s one week low of 0.7075 to 0.7132. However USD strengthening on the back of Monday’s ISM Manufacturing PMI figures coming in better that expected, injecting some confidence that the US economy can withstand anything the virus throw at it. Whilst positive data […]

The week ahead

Another month another week of reporting. We have a big week for the Aussie and the Pound. However starting off the week is the USD with ISM Manufacturing PMI for July. Manufacturing is a significant indicator of overall economic conditions in the US. A result above 50 is seen as bullish and this month general […]