Stocks and Dollars

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

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.

AUD/USD edged higher to 1.0200 but failed to sustain gain and retreats again. Nevertheless, another rise remains mildly in favor with 1.0119 minor support intact. As noted before, while upside momentum is clearly seen diminishing with bearish divergence condition in daily MACD, AUD/USD is still drawing strong support from 55

Markets are mixed as an extremely busy day starts. EUR/USD edged higher to 1.3854 yesterday but was capped by 1.3860 near term resistance. Expectation that Fed will lag other major central banks in policy stimulus removal is one of the major factors that drove the greenback lower recently. Now that

As widely expected, the RBA kept the cash rate unchanged at 4.75% as inflation remained contained. The accompanying statement delivered a neutral tone as policymakers see balanced risks to growth and inflation outlook. For the first time in the current tightening cycle, the RBA stated that the current stance of

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

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