RBA cuts and moves to neutral

5 May, 2015

The UK Bank Holiday made for a flat-line on most majors yesterday. We’re pretty much guaranteed more volatility for the remainder of the week. This will cumulate on Friday with the US employment report, where markets will be looking to see what extent the slowdown on headline payrolls seen in last month’s numbers what a blip or something more sustained. Ahead of that, we have the UK general election on Thursday, the result of which is the most uncertain for around forty years. This will mean that sterling could be particularly touchy on Friday, as the polls still suggest that no single party will have an overall majority (this is the exception rather than the rule in the UK). As usual, Greece is not far from the headlines, with the ECB due this week to make its next decision on its allocation of emergency liquidity assistance. There are signs that the IMF is becoming increasingly agitated at the whole process, especially as the fiscal situation deteriorates and a further bailout package would be needed to be negotiated fairly swiftly if the hurdles to the disbursement of the current one can be overcome.

For today, we’ve seen the RBA cut rates to 2.0%. The move was largely anticipated, but the statement moved to a more neutral bias on the outlook for rates, which saw the Aussie push up to 0.79 initially, to settle some net 20 pips higher vs. pre-decision levels. Their view of the currency remains broadly unchanged, re-iterating that “further depreciation is both likely and necessary”.


Source link  
The dollar grows on wages data

The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows....

Increased flight from EM currencies

The crises process is intensifying in emerging economies, which also affects their markets and supports the demand for the dollar. S&P 500 lost 0.2% on...

Markets under pressure

Asian markets have been declining for a third consecutive trading session on the fears of the Chinese-U.S. trade tensions escalating. The odds are that...


Markets are optimistic but remain weary

The markets remain on cautious positive mood. MSCI for Asia-Pacific region adds 0.4%, continuing gently recover for the second day in a row. American...

Dollar updates its 14-month highs

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a Chinas claim...

Dollar has a potential of 5% rally

The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of...


BoJ cautions keep forex calm

In the currency market, the dollar was under some pressure following the data that indicated a weakening of the inflation in the Eurozone. The slowdown in prices...

Stocks are growing, Bonds under pressure

The situation in the world markets looks controversial. Shares are growing after strong reporting of companies. The shares of Alphabet (#Google) jumped by 3.6% after...

The potential of USD growth is limited

Powell's speech with the semiannual report in the U.S. Congress contained an optimistic view on the economic outlook. Such a tone has reduced fears that...


In the past 24 hours Bitcoin has lost -9.28% and reached $4434.44382868. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.1164% and is now at $1.13. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -37.03% and is now at $130.157995018. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM87%
3HYCMHYCM86%
4Alfa-ForexAlfa-Forex85%
5FxProFxPro84%
6FIBO GroupFIBO Group83%
7OctaFXOctaFX82%
8HotForexHotForex80%
9FXCMFXCM78%
10AvaTradeAvaTrade76%
  


Share: