The Aussie dollar has enjoyed some good fortune over the last three trading days, buoyed by a positive resumption of trade in China after new year celebrations
Minutes relating to the Reserve Bank of Australia’s February 6th meeting will be released in the early hours of Tuesday morning and will likely acknowledge broad progress on the inflation front. The RBA statement revealed a more balanced picture in terms of the risks to the inflation outlook now that the general level of prices has moderated but expect a line or two in the minutes pointing to the concerning level of inflation despite recent progress.
After more then a week of holidays around the Lunar Ney Year, Chinese equity markets opened up in the green and held onto those gains into the end of the day. Sizeable state-linked investment houses have been propping up equity markets with large stock and ETF purchases – which has reversed the selloff so far.has turned higher since testing support at 0.6460, now approaching a zone of resistance comprised of the 200-day simple moving average and the 0.6580 level from April 2020. 0.
The SSE Composite Index has achieved four straight days of advances, although there has been a considerable time between today’s green candle and the previous one due to the - extended holiday. The recent bounce is set for its first test at the October low of 2910 – a level that bulls failed to breach last time around.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD Forecast: Recovery gathers further paceThe Aussie dollar found another excuse to extend the weekly bounce in the continuation of the downward bias in the greenback on Wednesday.
Read more »
AUD/USD Forecast: Extra downside not ruled out near termThe Australian dollar came under renewed selling pressure amidst the solid performance in the Greenback on Thursday.
Read more »
Snow Emergency Lifted, But Concerns Remain Over Freezing StreetsThe snow emergency has been lifted, allowing parking on snow emergency routes. However, concerns arise over freezing streets as below-freezing temperatures set in overnight.
Read more »
Shelter in place lifted after hours-long Sandy SWAT standoffAs the senior digital content producer, Melanie is focused on the digital presence of FOX 13 News on all platforms, including; fox13now.com, Facebook, Instagram, Twitter, TikTok, Youtube and other streaming platforms.
Read more »
Euro Weekly Outlook: EUR/USD, EUR/GBP, EUR/JPY - Analysis and ForecastsThe ECB is looking increasingly likely to the be the first major central bank to start cutting interest rates, and this will affect the value of the single currency
Read more »
John Schneider doesn’t feel ‘step back’ coming for Seahawks in 2024The Seahawks GM offered his outlook on next season.
Read more »