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Will The RBNZ Cut Rates?
The RBNZ was one of the first to cut rates in the current cycle. It’s been quite some time now since markets have been pricing in a rate cut for August. So it would be quite a surprise if it didn’t happen.
Sharp Reversal In Risk Assets
USD has been a little higher today though moves have been volatile over recent sessions given the whipsaw in equities markets.
The Most Common Candlestick Patterns
Candlestick patterns have a unique following among price action enthusiasts and technical analysts. They are widely popular due to the fact that they reflect market sentiment visually.
USD Tumbles For Third Consecutive Day
Escalating trade tensions, fueled by weak economic data from the United States kept the greenback in check.
Open Letter Regarding Fed Independence
Trump has publicly criticized both the central bank and Chairman Powell personally on several occasions. His main call has been for the Fed to help weaken the dollar.
What Will The RBA Do Now?
Tomorrow we have the most important event of the economic calendar for the whole month: the RBA’s interest rate decision. There are several reasons why it could provide some extra volatility.
Markets Rocked By Fresh Trade Tariffs
The US dollar has begun the week under pressure as markets recoil in response to news of fresh trade tariffs, announced last week, by President Trump.
Weekly Market Outlook: RBA & RBNZ
The economic docket for the week ahead is expected to remain somewhat slow. The RBA and the RBNZ will be holding their respective monetary policy meetings this week.
Trump’s Surprise Tariff Threat Sinks Markets
US President Trump’s announcement on additional tariffs on new import products from China last Friday shocked the markets.
NFP Expected To Rise At A Slower Pace In July
The much-awaited monthly payrolls data will be coming out today. Forecasts point to payrolls rising at a slower pace this month. Economists polled expect that nonfarm payrolls will rise 160k in July.
Gold Rallies On Fresh Trade Tariffs
The yellow metal was initially suffering a disappointing session this week. Gold racked up a second consecutive losing week as a resurgent US dollar held the price down.
Markets Rocked By New Trade War Tariffs
It’s been an interesting week for the USD which rallied strongly over the week, only to later collapse as Trump announced a fresh set of tariffs on Chinese goods. This impacted other world currencies as well.
Trump’s Tariff Tweet Sends Markets Lower
President Trump announced fresh 10% tariffs on China. This came in the midst of US and China trade talks. The announcement pushed equity markets lower while safe haven assets gained.
FOMC Fails To Dampen Dollar
USD has continued to rally firmly over the European morning in response to the FOMC rate decision last night. As was widely expected, the Fed cut rates by .25%.
Crude Higher But Capped By FOMC
Crude oil prices have been higher once again this week.
What To Expect From Australia Retail Sales
Overnight we will get the last bit of market-moving data ahead of the RBA interest rate decision next week.
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