The negative Eurozone inflation released Tuesday poses downside risks to EUR/USD.
However, the RBA appears reluctant to deploy additional policy measures. However, at this point, the RBA is likely to remain on hold for the foreseeable future.The RBA Governor has repeatedly indicated that the cash rate is unlikely to be raised for 3 years. The cash rate is not only an indicator of the country's economic health. USD/CAD Rate Eyes January Low as RSI Flirts with Oversold Territory The RBA is pegged to cut rates and introduce quantitative easing – so why is the market crashing? It also does not guarantee that this information is of a timely nature. Once stimulus measures subside it will take some time for the full impacts to materialise and low interest rates continue to provide a buffer for economy.We think the RBA will launch a second tranche of QE in early 2021Based on recent comments by the Governor, as well as my own outlook, I think the first increase in rates is likely to be some time in 2023.
The use of this website constitutes acceptance of our user agreement. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.Next rate meeting: The board of the Reserve Bank meets on 06 October 2020 to decide the future of the cash rate. Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. The energy benchmark keeps the short-term triangle formation in play while also trading past-200-bar SMA with normal RSI strength.Note: All information on this page is subject to change. AUD/USD may continue to approach the 2020 high (0.7064) ahead of the RBA rate decision on July 7 as the central bank is widely expected to retain the current policy. Conversely, the RBA will drop interest rates if inflation is too low and the economy is stagnating, encouraging more Australians to spend more money and stimulate economic growth.A lower cash rate means borrowing money is cheaper. Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.Gold Prices to Watch as RSI Rebounds From Lowest Reading Since JuneAustralian Dollar Spiked Lower as Australia Enters First Recession in 29 YearsDow Jones Climbs on Strong ISM Data, ASX 200 Eyes GDP FigureCanadian Dollar Price Outlook: USD/CAD Downside Breakouts in FocusS&P 500, FTSE 100, GBP/JPY Forecasts: Retail Trader Positioning SignalsDAX 30, CAC 40 Technical Outlook - Sell-off Around the Corner?Find out more about the major currency pairs and what impacts price movements.Our guide explores the most traded commodities worldwide and how to start trading them.Get top insights on the most traded stock indices and what moves indices markets.Find out more about top cryptocurrencies to trade and how to get started. News & Analysis at your fingertips.
The central bank is forecasted to keep interest rates unchanged at a record low of 0.25% and maintain its yield curve control policy (YCC). However, the opening range for March was less relevant, with the high of the month occurring on the 9Nevertheless, the advance from the yearly low (0.5506) gathered pace as AUD/USD broke out of the April range, with the exchange rate clearingFebruary high (0.6774) as the Relative Strength Index (RSI) pushed into overbought territory.AUD/USD appears to be stuck in a narrow range after trading to a fresh 2020 high (0.7064) in June, but the failed attempt to of the July 2019 high (0.7082) may lead to a near-term correction in the exchange rate as the RSI snaps the bullish trend from earlier this year.
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