Australian dollar buyers may be gearing up for action after a short downswing. Think AUD/USD is ready to extend its weeks-long uptrend? We’re taking a closer look at the 4-hour chart! AUD/USD…
Category: Forex
Daily Broad Market Recap – September 25, 2024
A lack of fresh catalysts attracted pullbacks and potential profit-taking among the major assets on Wednesday. Which market themes moved your favorite assets anyway? Let’s discuss! Headlines: Australia’s inflation is broadly cooler…
How to Deal With Trading Boredom
Trading, whether it’s currency or stocks or options, is usually associated with money and risk – things that most people find very exciting. The truth, however, is that there is sooo much…
FX Watch: EUR/CHF To Reverse Its Trend After The SNB Decision?
EUR/CHF just broke a weeks-long uptrend! Does this mean the pair is ready for a reversal? The upcoming SNB policy decision might tip the scales in favor of the bears!…
FX Watch: Can GBP/CHF Sustain Its Climb During the SNB Decision?
This franc pair has been cruising above a rising trend line these days, but will the upcoming SNB announcement shake things up? Expectations are for a 0.25% rate cut from…
Daily Broad Market Recap – September 24, 2024
Central bankers were under the spotlight yesterday, and a lack of top-tier data releases made it easier to reprice monetary policy biases across the major assets. Which headlines influenced the major assets’…
Australia’s Inflation Is Broadly Cooler But Still High In August
The Australian Bureau of Statistics (ABS) showed headline inflation coming in at 2.7% from a year ago in August, slower than July’s 3.5% increase but in line with latest market estimates. Excluding…
Event Guide: SNB Monetary Policy Statement (September 2024)
Is the Swiss National Bank gearing up to announce its third interest rate cut in a row? Or will SNB policymakers take it easy and keep rates on hold at 1.25%…
FX Watch: AUD/NZD Reversal to Gain Traction on Australia CPI Report?
Now that the RBA decided to keep rates unchanged at 4.35% as expected, can the upcoming Australia CPI release support their upbeat view? Expectations are for a slowdown in headline price…
Reserve Bank of Australia Holds the Cash Rate at 4.35%
The Reserve Bank of Australia (RBA) kept its cash rate target unchanged at 4.35% today, maintaining its hawkish stance on inflation while acknowledging economic uncertainties. This decision was widely expected by market…