Aussie falls as RBA opts for an extended pause

The good news for the aussie is that the decision today isn\'t as surprising to markets, as traders were already pricing in roughly 66% odds that the RBA will leave the cash rate unchanged. As such, we\'re only seeing a modest drop in AUD/USD from around

Full statement of the RBA August monetary policy decision

Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the unce

RBA leaves cash rate unchanged at 4.10% for a second straight meeting

The extended pause today fits with what markets have roughly priced in, as there were about 66% odds of there being no change today. The aussie is slightly weaker after the decision as the remaining balance is reacting to the decision but when all is said

What levels to watch for in AUD/USD ahead of the RBA?

The aussie got a decent lift yesterday but the gains weren\'t too significant as topside was capped by the 200-day moving average (blue line). After the rejection there, we are seeing price fall back now towards the 100-day moving average (red line) at 0.

US Dollar Forecast: Will Powell Quell the Recent USD Resurgence?

The widely recognized benchmark for US dollar performance, the dollar basket (DXY), witnessed a lift heading into the end of the week as the euro, pound sterling and Japanese yen surrendered recent gains. Renown ECB hawk Klaas Knot admitted an uncertain o

Japanese Yen Slides as Speculation Mounts Ahead of BoJ Meeting. Where to for USD/JPY?

Speculation has been rife that BoJ Governor Kazuo Ueda might look to tweak YCC this year but the timeline for such a move, should it happen, remains opaque. This has led to market uncertainty around monetary policy and by extension, notable moves in USD/J

Asia Day Ahead: Sentiment in Check Ahead of US Fed Meeting

Wall Street were little changed last Friday amid subdued moves in the Treasury yields, while the US dollar saw further firming (+0.3%) following recent sell-off. Some reservations continue to linger around mega-cap tech stocks ahead of several key earning

US Dollar Holds the High Ground Ahead of Fed, ECB and BoJ Meetings. Higher USD?

The Federal Open Market Committee (FOMC) gathering on Wednesday will kick things off ahead of the European Central Bank (ECB) on Thursday and the Bank of Japan (BoJ) on Friday.

Indonesia launches national cryptocurrency exchange, clearing house

The Indonesian government last week announced the launch of a national crypto asset exchange to provide regulators with a record of transactions and better protect cryptocurrency investors.

The FCA issued a warning to 36 unauthorised companies last week

The UK\'s Financial Conduct Authority (FCA) last week issued a warning to 36 unauthorised firms for soliciting customers in UK jurisdictions without a licence.

Data interpretation: Will there be 3 interest rate hikes this year? Goldmans expectations have also turned sour

Goldman Sachs said it expects the Federal Reserve to raise interest rates three more times this year, each by 25 basis points, after data released earlier this week showed a persistent threat of inflation and a very strong job market.

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Eur/USD Technical Outlook: About to break out of range? How long can the rally continue?

The euro rallied, trying to test some resistance, but has not yet broken out of the range; For now, the uptrend in EUR/USD seems intact and upside momentum may be brewing; In the future, the pair will test some key technical levels, will EUR/USD break thr

Business news: Hot roll prices are expected to fall slightly in the short term and weak shocks

On July 11, according to the commodity market analysis system of the business community, the recent market price of hot rolled coil fell slightly. Specifically, at the beginning of the month, Tangshan and Jiangsu steel industry limited production rumors l

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