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On Tuesday the Australian dollar suffered a sharp drop after the Reserve Bank of Australia unexpectedly cut rates to 2.25%, citing the need to achieve balanced growth...
Currency
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News, 3 February 2015, 05:54 #usd/jpy, forex news
The RBA finally decided that the best course of action to stimulate both price levels and the economy would be to cut its rate by 25bp to 2.25%, however, the question now is, will the easing bias prevail? And if so, how many more cuts can we expect before year-end...
Currency
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Andrius Kulvinskas, 3 February 2015, 05:17
AUD/NZD has dropped like a rock over 1.2 cents after the RBA decided to cut the interest rate by 25bp to 2.25% today, leading the exchange rate to trip stops sub 1.0620, printing a new 2-week low of 1.0574 before a rebound towards 1.0610/15 presently...
Currency
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Andrius Kulvinskas, 3 February 2015, 05:10 #AUD/NZD
AUD/JPY shaved-off gains and plummeted to fresh yearly lows as Reserve Bank of Australia (RBA) surprised most traders by cutting its policy rate to new record lows. Sinks over 2% from 91.61 levels post RBA action Currently, the AUD/JPY pair hit fresh 1-year low at 89.69, a recording 2...
Currency
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Andrius Kulvinskas, 3 February 2015, 05:08
The Reserve Bank of Australia decided to cut the interest rate to a new record-low of 2.25% vs 2.5% prior, after strong speculation that the Central Bank would probably act amid global deflationary pressures...
Banks
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Andrius Kulvinskas, 3 February 2015, 05:02 #RBA
AUD/USD plunged to fresh five and half year lows after the Reserve Bank of Australia (RBA) slashed its official cash rate (OCR) by 25 bps from 2.50% to record low of 2.25%. Down from 0.7800 levels Currently, the AUD/USD collapsed -1.72% and trades at fresh multi year lows of 0...
Currency
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Andrius Kulvinskas, 3 February 2015, 04:56
Chinese meal ordering platform Ele.me announced that the company has gained new investments of a whopping USD350 million and its investors including Tencent, JD.com, Dianping.com, Sequoia Capital, and CITIC Private Equity Funds. According to Ele...
Events
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BlondieNews, 3 February 2015, 03:11 #China
Investors following tactical strategies should consider selling AUD/USD into the RBA meeting this week, advises Barclays Capital in its weekly FX pick to clients. The trade is macro-technical driven. On the macro-side, Barclays' rationale is as follows: "We expect the RBA to cut 25bp this week...
Analytics & Forecasts
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Vasilii Apostolidi, 2 February 2015, 20:39
Talking Points: Norges Bank increases their sale of FX equivalent to NOK 700 million per day USDNOK moves to support on the Daily chart Due mainly to falling energy prices, revenues from the State’s Direct Financial Interest have once again exceeded the amount transferred to the Global Pension Fu...
Trading Ideas
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Andrius Kulvinskas, 2 February 2015, 19:18
Gold and silver have experienced some respite in the past few months as Eurozone and emerging market fears surfaced once again. The relentless U.S...
Metals
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Sergey Golubev, 2 February 2015, 18:11 #trading system, silver, gold
The KBC Bank Research Deskreviews today’s US ISM manufacturing data release, noting that ISM registered a drop for the third consecutive month, falling to 53.5 due to poor demand from abroad. Key Quotes “In January, the US manufacturing ISM dropped for a third consecutive month, from 55.1 to 53...
Market News
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Andrius Kulvinskas, 2 February 2015, 17:00
The USD/CAD pair halted losses after the Canadian manufacturing PMI printed at a weakest level in 21 months in January. Recovery in Crude supports CAD WTI crude prices have recovered to trade 0.25% higher at USD 48.36/barrel after having hit a low of USD 46.68/barrel earlier today...
Currency
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Andrius Kulvinskas, 2 February 2015, 16:39 #usd/cad
On Monday the U.S. dollar declined against its Canadian counterpart, stepping off a six-year peak after data showed that U.S. personal spending declined for the first time in 20 months in December...
Currency
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News, 2 February 2015, 15:56 #forex news
Westpac Bank is Australia's First Bank with a range of innovative financial packages to suit your needs. This leading Australian bank offers online banking. Forecasts for EUR / USD, USD / JPY, AUD / USD, NZD / USD, AUD / NZD — Westpac. PS: indicators that you can use in your trading system...
Forecasts
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Vasilii Apostolidi, 2 February 2015, 15:51
Crude oil extended a surge from the lowest level in almost six years on speculation that some investors are buying contracts to close out bearish bets. U.S. gasoline advanced as workers at some of the nation’s refineries began strike action. West Texas Intermediate futures gained as much as 4...
Crude Oil
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Andrius Kulvinskas, 2 February 2015, 15:49
D1 price is on primary bearish with secondary flat since the mddle of last week: The price is located below Ichimoku cloud/kumo which is indicating the primary bearish for this timeframe Chinkou Span line is located too far from the price for any breakout or breakdown in the near future Nearest s...
Weekly Trends
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Sergey Golubev, 2 February 2015, 15:11 #resistance, support
The biggest US energy company Exxon Mobil Corp. reported its fourth-quarter profit fell 21%, impacted by lower commodity prices, while it also unveiled plans to slash its share buyback program, says The WSJ...
Company News
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News, 2 February 2015, 14:49 #crude oil
Russia's economy has had several worrisome quarters, and so far, there is not a positive sign of recovery. The falling oil price, as well as the international sanctions imposed as a result of the ongoing Ukrainian crisis are adding to the jittery sentiment...
Analytics & Forecasts
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Alice F, 2 February 2015, 14:00 #crude oil
According to Bank of America-Merrill Lynch, the domestic scenario in Australia has not deteriorated enough that further easing be required, and hence predict the RBA to keep rates on hold in the upcoming meeting...
Market News
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Andrius Kulvinskas, 2 February 2015, 13:36 #RBA
USD/CAD was moving toward fresh multi-year highs but then turned to the downside and lost more than a hundred pirp in a few hours as crude oil jumped more than 2.50% with the barrel trading near $50. The pair climbed earlier to 1.2772, less than 30 pips below last week highs and then pulled back...
Currency
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Andrius Kulvinskas, 2 February 2015, 13:26 #usd/cad