OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

Forex Flash: AUD/NZD ready for a tactical rally towards 1.2470 - ANZ

“News today that China destroyed NZ milk cargoes, although not unexpected nor unprecedented, will provide a psychological base in AUD/NZD and coalesce with fundamental factors to see the cross higher in coming weeks,” David Croy & Andrew Salter at ANZ Research said today in a note to clients, while AUD/NZD printed fresh 3-day highs at 1.2280.

“After several weeks of soggy price action, the cross is ripe for a correction, supported by what we expect will be a re-assessment of the market’s monetary policy expectations,” the analysts expand, adding: “We recommend being long AUD/NZD from current levels, looking for a tactical rally back towards 1.2470, with a stop at 1.2140.”

Forex: RBA will need to cut rates further - NAB

RBA minutes have been released 3 hours ago, and AUD/USD has been capped below fresh weekly highs at 1.0331, previous Thursday's lows price zone, last at 1.0320. According to NAB: “The RBA notes the persistently high AUD and our analysis suggests that more rate cuts will be required, as well as a pull-back in the AUD, to see growth move back to trend in 2014,” the analysts say, expecting still “three rate cuts ahead.”
Leia mais Previous

Forex: USD/JPY back to session lows above 93.60

With Nikkei again to the downside following lunch break in Tokyo, last a -0.43% lower for the day around the 11360 points, USD/JPY is also having some selling pressure last at 93.64, near previous session lows at 93.56 printed moments before BoJ minutes release, on comments from Japanese officials.
Leia mais Next
Começar chat ao vivo