Gold has posted another all time high at 1209. Gold stocks in Asia have followed with good gains across the board. AUDUSD has advanced as well to the day’s highs as it looks to clear the offers here at 9275-80, next level … Continue reading
The move up last night caught a few players out, thinking that 9220-30 would cap. Today sees support at that level with locals looking to buy around the 9220 area for the next move up above 94c. Topside sellers at … Continue reading
Terry McCrann is a well known RBA watcher and he feels that the RBA is intent on getting interest rates up at least another 100 bps next year, presuming China continues to grow and the global economy doesn’t fall into … Continue reading
A knee jerk sell off after the “as expected” rates decision by the RBA, the AUD was sold off back to 9120 only to run into strong local buying, sending it straight back up to 9160. Seems 9100-20 on the downside … Continue reading
The RBA has just raised rates by the expected 0.25%. AUDUSD sold off heavily back to 9120!
USDJPYis continuing to move higher as traders look to close shorts. There are offers just above 87.50 then 88.00. EURJPY has taken out 131.00 level and will now be targeting the 132.00-30 area. EURUSD has taken a back seat to all … Continue reading
The AUD is trading with a slightly bid tone to it this morning as we await the RBA decision. There is talk that its a done deal and that we will see 0.25% increase in rates in a few hours. … Continue reading
Based on the comments yesterday by RBA board member Warwick McKibbin, I believe that the RBA will in fact raise rates by 25 bps for the third successive month. Not everyone is so sure with this report in the Sydney … Continue reading
After a very active morning, prices have settled down in quiet ranges this afternoon as the month draws to a close. Traders are looking ahead to ISM data from the US tomorrow as well as another 25 bp hike from … Continue reading
AUD/USD is trading firmer this morning, presently at .9145 from an early .9100. There is talk of good AUD/USD month-end buy interest lined up for todays fixings, with particular emphasis on the 16:00 GMT fix.