The Australian dollar rose today after the outlook for the monetary policy of the Reserve Bank of Australia improved. The general market sentiment improved as well, also providing support to the Australian currency. The Aussie gained against all other most-traded currencies, though by now it has retreated from the day’s highs. Previously, market participants were expecting that the RBA will cut its main interest rate by 25 basis points to 0.5% tomorrow. … “Australian Dollar Gains as No Rate Cut Expected in February”
Month: February 2020
Expert Josip Heit Shares His Thoughts On Why Bitcoin Is Seen As Digital Gold
Until now, the world has heavily relied on traditional banknotes as a medium of exchange, however, blockchain technology seems to be on the verge of changing this. And Josip Heit was one of the first people who realized the potential of blockchain. On January 9, 2009, an enigmatic internet persona hiding behind the pseudonym Satoshi … “Expert Josip Heit Shares His Thoughts On Why Bitcoin Is Seen As Digital Gold”
The Pound Trades on the Defensive as the Potential for a Rate Cut is Gaining Momentum
The British pound has been trading defensively, as calls for the BoE to reduce interest rates continue to grow louder. The region is feeling the effects of lower inflation as well as declining growth as Brexit has taken its toll on the British economy. UK GDP, Industrial Production and Consumer prices all came in weaker … “The Pound Trades on the Defensive as the Potential for a Rate Cut is Gaining Momentum”
Will the Sellers Hit the Breaks on AUD/USD at 0.6700?
The Australian dollar versus the US dollar currency pair dropped sharply. Is it now the moment to expect profit booking? Long-term perspective After the price went under the neckline of the head and shoulders pattern marked by the peaks of 0.6983 and 0.6933, respectively, a strong depreciation came. The reasons behind this are represented mainly by the impossibility of the bulls to keep the price above 0.6850, which in turn is a major support, and by the fact that oscillating under … “Will the Sellers Hit the Breaks on AUD/USD at 0.6700?”
US Dollar Forecast of February 3-7, 2020
The US dollar demonstrated a rather good performance in January thanks to the risk aversion caused by the Wuhan coronavirus. But what to expect from the greenback during the first week of February and what factors will be driving it? The week will be full of important events in the United States. One of them will be Monday’s Iowa caucuses, which will help to decide candidates for the US presidential election. While Donald Trump will … “US Dollar Forecast of February 3-7, 2020”