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Day: May 1, 2018
May 12018
GBPUSD Falls to 4-Month Low After Weak UK Manufacturing PMI
GBPUSD Analysis and News UK Manufacturing PMI falls to a 17-month low. GBPUSD breaks below 1.3700 for the first time since January. Underlying Weak UK Growth Reduces Rate Hike Expectations UK Manufacturing PMI fell to a 17-month low in April at 53.9, dropping below expectations of 54.8, while the previous month had been revised lower […]
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May 12018
AUD/USD Options-Derived Support May Not Hold for Long After RBA
Australian Dollar Talking Points: Australian Dollar could be in for some near-term volatile price action against USD The Aussie may decline versus the greenback on a hawkish Fed after status quo RBA AUD/USD fell below a descending channel, will support be able to hold it for long? Sign up for our RBA rate decision webinar […]
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May 12018
Asia AM Digest: AUD Faces RBA, US Tariff Exemptions Deadline Due
To get the Asia AM Digest every day, SIGN UP HERE A Look Ahead – RBA, US Metal Tariff Exemptions Deadline As we begin May, the Reserve Bank of Australia’s monetary policy announcement is due later on during Tuesday’s Asian session. The markets are widely anticipating for rates to remain unchanged at 1.50%. In fact, […]
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May 12018
Australian Dollar Could Still Fall After Status Quo RBA Rate Hold
Australian Dollar Talking Points: Australian Dollar swings on May’s RBA status quo rate hold The Aussie could fall if a hawkish Fed boosts the US Dollar AUD/USD broke below a channel, can support catch it now? Just started trading AUD/USD? Check out our beginners’ FX markets guide! The Australian Dollar showed a rather mixed response […]
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