Australian Dollar Looks to RBA Rate Decision to Break Deadlock
The Australian Dollar spent a fourth week in consolidation having started the month with a drop to the lowest level in nearly six years against its US counterpart. That move was triggered by a surprise interest rate cut from the Reserve Bank of …
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'Make or Break' For USD/CAD
USD/CAD has spent the month of February in sideways to lower range. Bears would say the exchange rate has consecutive lower highs while bulls would probably call it a “pennant pattern”. We really just see it as a sharp contraction in volatility. Given …
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Weekly Economic Political Timeline March 1 2015
There is a growing expectation that the Bank will cut its cash rate by 0.25% to 2.00%, as it made clear in its previous rate statement that it sees the currency as still overvalued. There have also been signs that the Australian economy is faltering. A …
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