Stocks and Dollars

The RBA decided today to leave interest rates steady for a third consecutive month at the highest level 4.75%, after the inflation rates slow during this period, which affected by stronger Australian dollar alongside the decline in payrolls that helping to curb inflation and put it in a secure area.

The RBA decided today to leave interest rates steady for a third consecutive month at the highest level 4.75%, after the inflation rates slow during this period, which affected by stronger Australian dollar alongside the decline in payrolls that helping to curb inflation and put it in a secure area.

Losses have been seen towards the 0.9710 target where price is stalling. It hasn’t yet confirmed a low so we do still need to take care as any loss of this 0.9700-05 area could extend losses to 0.9685 and potentially 0.9635-49. Look for bullish trade set ups in this broad

Losses have been seen towards the 0.9710 target where price is stalling. It hasn’t yet confirmed a low so we do still need to take care as any loss of this 0.9700-05 area could extend losses to 0.9685 and potentially 0.9635-49. Look for bullish trade set ups in this broad

The Euro (1.3815) is sustaining above 1.38 despite an overnight dip to 1.3780 yesterday, after a new 2011 high near 1.3856. The Dollar Index (76.86) has fallen below 77.00, and is trading at a crucial long-term Support which needs to hold in order to prevent further decline.

The Euro (1.3815) is sustaining above 1.38 despite an overnight dip to 1.3780 yesterday, after a new 2011 high near 1.3856. The Dollar Index (76.86) has fallen below 77.00, and is trading at a crucial long-term Support which needs to hold in order to prevent further decline.

EUR/USD closed higher on Monday as it extends the rally off February’s low. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off January’s low,

With no major official data for the G7 due before Friday, the markets’ attention will be focused elsewhere. Events in the MENA region may lead to further volatility in oil prices. Elsewhere Fed Governor Bernanke will give his biannual testimonies on monetary policy to the appropriate Senate and House committees