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 […]

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 […]

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 […]

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 […]

AUD rallies ahead of the RBA minutes

Soon the Reserve Bank of Australia will release minutes of the latest monetary policy. with mixed reading coming from the RBA of late, traders are keen to see what comes from he minutes for a more mid term outlook. We have seen an improvement in retail sales from -1.1% to 0.0%YoY and our relationship with […]

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 […]