Reserve Bank of Australia Ends QE, Maintains Rates
Australia’s central bank concluded its asset purchase program, as was largely anticipated, but pushed back against rate hikes
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Australia’s central bank concluded its asset purchase program, as was largely anticipated, but pushed back against rate hikes
Longer-Term Chart & Correlation The charts below show the following: * The top chart is the trimmed PCE inflation rate. * The second chart is the RSI of the trimmed PCE inflation rate. * The third chart is FXCM's USDOLLAR basket. * The fourth chart is a 12-month rolling correlation coefficient of trimmed PCE inflation to the USDOLLAR. Source:www.tradingview.com The red dashed vertical shows when core trimmed PCE, and the…
The pair slumped during the previous week due to the Dollar’s Fed-fueled strength, but the new one begins with difficulties for the greenback
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
This was a volatile week, during which the US Dollar strengthened from the Fed’s aggressive tightening prospects, while geopolitical tensions, mostly in eastern Europe, weighed on sentiment
The pair started the day on the front foot after two losing days, but gives up its gains during the European hours and heads towards another negative week
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The US Dollar surged after Wednesday’s monetary policy decision by the US Federal Reserve, extending its gains against the Japanese Yen today
The Federal Reserve monetary policy decision yesterday boosted the US Dollar and the pair extends its losses today
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The left chart below shows the EURUSD daily. The price moved from the bullish area (upper blue and red bands) to the bearish region (lower blue and lower red bands). The lower band has turned down (black ellipse). If the upper band pushes out (green square), it will signal a further expansion in inherent volatility. The righthand chart shows the EURUSD hourly. The trend-following indicators have turned down (black ellipse),…
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