Australia and New Zealand | Forex trading & Analysis

China to keep Yuan stable

5. March 2010

Share The Chinese Prime Minister Wen Jiabao in his speech to the Chinese nation reiterated that Yuan exchange rate will be kept stable and stressed that more internal consumption is needed for a full recovery. The Prime minister pledged to keep monetary conditions easy to support growth while providing a rather carful outlook for the Chinese [...]

RBA Shocks Markets: Cash Rate Unchanged

1. February 2010

0 Comments

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

0 Comments

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

0 Comments

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

0 Comments

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 [...]