Posts Tagged ‘rba’

AUDUSD Seeks Out 200 EMA After RBA Monetary Minutes

by Christopher Lemieuxon May 20, 2014 9:03 am BST
The Australian dollar  fell sharply against all major currency pairs after the Reserve Bank of Australia (RBA) hinted that it could maintain a record-low interest rate environment going forward. Within the RBA monetary policy minutes, the central bank expressed that protracted spare capacity in the labor force is an ongoing problem. “What was most notable […]

AUDUSD Outlook: Week of 3/19

by Christopher Lemieuxon March 16, 2014 3:34 pm BST
AUDUSD seen has down the majority of last week, even given the best full-time employment numbers since 1991 as traders aimed to exit risk positions going into the weekend. The dollar sold-off at the tail end of the week giving the Aussie dollar a slight boost, but the rally was sold as price action hit […]

AUDUSD Outlook: Week of 3/9

by Christopher Lemieuxon March 8, 2014 8:34 pm BST
The Australian dollar is “historically high,” according to Reserve Bank of Australia (RBA) Governor Glenn Stevens, but he does not see reducing interest rates farther, and giving the currency a reason to strengthen. AUDUSD reached .9132, a three-month high, but drifted lower after the US dollar seen a boost in confidence after Friday’s non-farm payrolls […]

AUDUSD Outlook: Week of 2/2

by Christopher Lemieuxon March 1, 2014 8:02 pm BST
The upward trend in AUDUSD is rolling over after pushing lower from the consolidation period and closing the weak on the ascending trend line. Weakening fundamentals in Australia and China are causing the Australian dollar to push lower, and it is likely will continue to push through support and break lower. Construction work completed in […]