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Sarowar Jahan
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UBS FX Spot Ideas
Sarowar Jahan
Added topic Highest Forex Traders!
Which country has the highest active forex traders ? Do you guys have any link or something related it
Sarowar Jahan
Added topic Free Copier
Is there any free copier available to copy trades between two or multiple accounts
Sarowar Jahan
Sarowar Jahan
BoC To Cut In April - CIBC

CIBC discussed its interpretation of today's BoC meeting; arguing the meeting supports their call for a rate cut in April.

CIBC explains:
Sitting comfortably with an economy near full employment and the 2% inflation target, there was no pressing reason for Governor Poloz to get up from his easy chair today, but the Bank is now a bit more worried that it will have to act. Rates were left on hold at 1.75%, but the accompanying statement didn't sound as assured that this would continue to be the case. Its concluding line mentioned that it will be "watching closely" for signs that the recent slowdown persists, particularly watching consumption, housing and business investment.

We'll hold to our view that a climb in unemployment in the coming months will tests the Bank's confidence about consumption, leading to a quarter-point cut in April. Bullish for short rates and bearish for the C$, given the more dovish statement than expected by markets today.
Sarowar Jahan
Added topic Can anyone change his Investor Password temporarily while providing Signal Service?
Hi. I would like to know that can anyone change his Investor Password temporarily while providing Signal Service? Isn't it possible to change it for weekend? Only for Saturday and Sunday? Thanks in advance
Sarowar Jahan
Sarowar Jahan
Fundamental Analysis - AUD
Date: 28-May-2019

AUD - Very Bearish

At their May meeting, the RBA stressed that in order to avoid any future easing, there would have to be a marked improvement in Australia's labour market.

However, last week's employment report for April saw the Unemployment Rate tick higher to 5.2% from March's 5.0%. Furthermore, although Employment Change was positive, a deeper look into the report shows a gloomier picture than the headline would suggest with Full-Time Employment Change printing at -6.3K.

Given Australia's overall disappointing April employment report, the market now expects the RBA to ease rates at their June meeting. According to ASX 30 Day Interbank Cash Rate Futures, as of 20th May, the market is pricing in a 69% probability of a 25 basis point cut on June 4th.

Elsewhere, tensions between the US and China over trade negotiations continue to escalate, further supporting our bearish bias.

What do you think?
Sarowar Jahan
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