rba

AUDUSD awaits RBA outlook The Australian dollar consolidates recent gains ahead of the RBA meeting. The labor market is going strong with unemployment projections to hit 60-year lows later this year. Forecasts for both economic…
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EURUSD struggles to rebound The US dollar bounces across the board as the Fed may possibly raise interest rates on Wednesday. The pair found support near May 2020’s lows around 1.0800. The RSI’s oversold condition on the daily chart…
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Usually, when there is a move towards safe havens, commodity currencies take a bit of a hit. So, traders might be a little surprised to see that the AUDUSD has generally been trading higher since the massive risk-off event that was the…
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While everyone has been focused on the horrors of the war in Ukraine, the potential economic fallout has been a little ignored. There have been some passing mentions of the wheat prices, but it still appears to be something only niche…
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EURUSD falls as the prospect of rate hike fades The euro tumbles as traders cut their ECB rate hike wager. A dovish statement from the central bank is expected this week as the war at the gate of the eurozone intensifies. Surging…
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XAUUSD grinds rising trendline Gold recovered after the first round of peace talks between Ukraine and Russia ended without a resolution. The precious metal found support over 1885. The rising trendline from early February indicates…
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AUDUSD struggles as sentiment worsens A deterioration in risk sentiment took a toll on the Australian dollar. War in Ukraine drove investors into safe havens and left riskier currencies such as the Aussie vulnerable. The sell-off…
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AUDUSD attempts to break out The Australian dollar finds support from a low jobless rate in January. The pair has previously hit resistance in the supply zone around 0.7250. This is a daily resistance from the sell-off in late…
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Over the last few sessions, the Aussie dollar has managed to gain some strength. Partially, that can be due to improved demand for exports. In turn, this means more demand for the currency. However, the major long-term driver for the…
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GBPUSD rises over narrowing divergence The pound renewed its strength as the Bank of England may deliver more rate hikes this year. The rebound reflects the narrowing rate differential expectations between the UK and the US. Four…
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