rba

Yesterday, iron ore prices topped another 6-month high, harkening back to when there was broad speculation of a commodities supercycle. This came a little ahead of the latest monthly traffic report from Hedland Port, the largest iron ore…
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AUDUSD breaks higher The Australian dollar climbs as traders wager on a hawkish shift from the Reserve Bank of Australia. On the daily chart, a break above the 30-day moving average suggests improved sentiment in the short term. The…
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EURUSD falls over divided ECB The euro falters as the ECB lags behind its US counterpart in monetary normalization. While eurozone inflation hit a record high of 5% in December, the ECB is still debating whether price pressures will…
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Australia had something of a positive start to the week. Specifically, headlines have been speculating that the country has surpassed the peak of covid infections from the current omicron wave. The highest number of daily cases so far…
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GBPUSD rises on BOE hike bets The pound soared on the prospect of rate hikes in the UK. Prime Minister Boris Johnson has announced that no new restrictions were needed against the omicron variant, clearing the path for the BOE to act…
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EURUSD seeks support The euro bounced higher after the bloc’s Q3 GDP beat expectations. A previous rebound was capped by the 20-day moving average, suggesting that the bearish sentiment still prevails. The RSI’s double top in the…
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After the last RBA meeting, there was a bullish outlook for the AUD. The Reserve Bank upgraded its targets and brought forward their guidance for when rates might lift off. The economy looked like it was back on solid footing after the…
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AUDUSD softens ahead of RBA meeting The Australian dollar slipped as markets switched to risk-off. Weakness in commodity currencies underlines risk aversion going into another covid winter. Australia's economic slowdown in the…
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There is a significant discrepancy between three key groups that are important to traders when it comes to the future of the AUDUSD. The market appears to be pricing in a rate hike as early as next year. Analysts are insisting that it…
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