
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Don’t waste your time – keep track of how NFP affects the US dollar!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
Information is not investment advice
The Australian central bank claimed that it would indeed cut asset purchases in September as the bank initially planned and the markets expected. However, the next review of the quantitative easing program would be moved from November 2021 to February 2022.
It signaled that the Reserve Bank of Australia (RBA) forecasted a slowdown in the economic recovery amid continuing lockdowns across the country. The RBA’s governor said that interest rates are likely to stay at the record lows of 0.10% until at least 2024. This would put the RBA behind the Bank of England and Federal Reserve, which are expected to hike rates earlier. If it is the case, the AUD will lose against the BOE and Fed.
The RBA’s decision pressed the Australian dollar down. However, it’s not the only factor that drove the Aussie down. The overall market sentiment has changed to risk-off today and triggered the sell-off of riskier assets including the Australian dollar.
AUD/USD has failed to cross the 38.2% Fibonacci level of 0.7450 and has broken below the support line of 0.7400. Thus, the way down to the 50-day moving average (the red line) of 0.7370 is open. The pair may stop ahead of this support level and even reverse up back up to 0.7400. However, if it manages to cross this moving average, the aussie may fall to the 23.6% Fibonacci level of 0.7320.
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later