RBA SoMP – says not considering a further reduction interest rates
Reserve Bank of Australia Statement on Monetary Policy Text here Anyone see any bombshells in those highlights (via Reuters) ? AUD is little changed after the release and for the…
Read More »Spotting Potential Market Bottoms and Tops
Accurately predicting market bottoms and tops is not an easy task even to the most experienced traders and investors. Most of the time, whether a market moves up or…
Read More »Australia owner-occupied loan values rise 13.6% m/m vs -1.0% exp
Home loans jump again There was similar jump in July as first-time home buyer lending rose to its highest since 2009. There have been big concerns about the Australian real…
Read More »Gold Price Outlook: Rising US Dollar Sinks XAU/USD, Will Losses Extend?
Anti-fiat gold prices suffered the worst week since August as the US Dollar gained ground. Will losses extend? All eyes turn to fiscal stimulus hopes and non-farm payrolls data.
Read More »Australian Dollar May Extend Fall Despite Easing Covid-19 Restrictions
The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6.
Read More »EUR/USD Price Analysis: Euro may be eyeing reversal lower
EUR/USD’s two weeks of indecisive price action may presage a short-term bearish reversal. The pair formed a second consecutive Doji candle on the week
Read More »EUR USD, A TREND REVERSAL OR A CORRECTION IN BULL RUN?
Eur usd touched nearly 1.20000 recently and very quickly returned to 1.18800. This quick move created a doubt in trader’s mind, if it is a beginning of trend reversal or…
Read More »Margin Trading, how does it works? Guide + Risks Involved
A Complete Guide to Margin Trading in Finance Margin trading involves using funds from a third party to trade assets. In a successful trade, a huge capital will result in…
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