News

16
Dec

RBA Board Discusses Market Expectations of Possible Rate Cut

Australia’s central bank board discussed financial market pricing that implies a chance of afurther interest-rate cut while reiterating it expected a period of stability in borrowing costs. Board members “noted that market expectations implied some chance of an easing of policy during 2015 and discussed the factors that might be producing...

16
Dec

Yen Holds Gain as Crude Oil Declines; Aussie Near Four-Year Low

The yen held gains against most of its 16 major counterparts as investors sought a haven after crude oil resumed a selloff, damping appetite for riskier assets. Australia’s dollar was 0.1 percent from the lowest in more than four years versus the greenback before the Reserve Bank releases minutes of this month’s meeting....

11
Dec

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09
Dec

USDJPY – Ready to Rebound from Bottom of Rising Trend Channel

H1 Chart Price has reached the top of the rising channel after given a push from an outperforming non-farm employment change. However, price plunged since the beginning of the week and it is about to touched the bottom of the channel. The key support level awaiting for is 119.36, which is at Fibonacci retracement level 61.8%, right below 200EMA (in H1 chart) and coincides with 55SMA in H4 chart.Stochastic has...

05
Dec

Euro Strengthens as ECB Stops Short of Adding Stimulus This Year

The euro rallied from a two-year low against the dollar after European Central Bank President Mario Draghi said policy makers will wait until next quarter before assessing whether additional stimulus measures are required. The shared currency jumped as Draghi’s comments damped speculation the central bank was poised to start a program...

03
Dec

Fed Officials Stress Data Over Dates as Rate Rise Case Builds

Federal Reserve officials are signaling more confidence in the economy that moves them nearer to raising interest rates, and are stressing the liftoff is linked to data rather than dates to avoid unsettling markets. Fed Vice Chairman Stanley Fischer said yesterday the central bank was getting closer to replacing a...

02
Dec

RBA Keeps Record-Low Rate to Boost GDP as Commodities Tumble

Australia’s central bank kept interest rates at a record low to spur an economy struggling for traction against a high currency and tumbling export prices. Governor Glenn Stevens kept the overnight cash rate target at 2.5 percent for a 16th month, saying in astatement that “key commodity prices have declined significantly in recent months.”...