AUD | Forex trading & Analysis

RBA Shocks Markets: Cash Rate Unchanged

1. February 2010

Share The Reserve Bank of Australia surprisingly left its cash rate benchmark unchanged at 3.75% at its monthly monetary policy meeting. The decision took markets by surprise as a broad consensus among investors’ expectations pointed to a 0.25% rate hike for the fourth time in a row to 4.00%. The RBA was the first central bank [...]

China and the FX market

24. January 2010

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Share Â Â Â Â Â China’s growth is mainly dependent on exports with a trade balance of around $200Bn a year each swing in western demand effects on Chinese growth.Last year with the credit crisis in its climax Chinese exports have slumped and with it Chinese unemployment surged and growth slowed.However since in China political stability is in direct link [...]

Cable , Euro and AUD – 21-01-2010

20. January 2010

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Share Cable Euro went down and Cable kept holding. Well it can happen but given the levels Euro has gone , it is a bit unnatural. I strongly feel , there is more downside still left for Cable. If we look at the daily chart the shooting start candle two days before is already making things a [...]

Cable , Euro and Aud-20-01-2010

19. January 2010

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Share Cable- Finally !!!! Phew!!!!!. I was waiting for this for quite some time and I am in position to got rid of number of my positions but not yet. My guess given the behaviour yesterday that It will try to go more down now. This drop has happened over the time and not as a sharp [...]

Cable , Euro and Aud-19-01-2010

18. January 2010

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Share Cable - Ok Now I am a bit worried. It has taken a good jump and looks like it may extend the jump based on CPI announcements today. My equity can protect a fair jump but I am not sure I understand this jump as a normal market action . if I compare [...]