Aussie Slips On RBA’s Dovish Taper, Dollar Extends Rebound
RBA sticks to tapering but delays next move; aussie climbs then falls Dollar on steadier footing, strong China trade data buoys stocks Bank of Canada and ECB not expected to rock the boat RBA takes middle ground as Delta rages...
RBA Adopts Dovish Tapering as Delta Outbreak Expected to Hurt Growth in 3Q
At the September meeting, the RBA decided to reduce QE asset purchases to AUD 4B/week, from ADU 5B/ week previously. It also left the cash rate, as well as the yield target on the April 2024 bond, unchanged at 0.1%....
Aussie Shrugs RBA, Dollar Recovery Losing Steam
Trading the the forex markets remain rather subdued in Asian session. Aussie basically shrugs off RBA’s decision to taper, but extend QE. Dollar is trading slightly softer, as yesterday’s recovery lost momentum. European majors are currently the slightly firmer ones....
Market Morning Briefing: Aussie Is Stable And Ranged While Below 0.7480
STOCKS Dow has dipped slightly while Dax has risen about 150 points. Dow could see ranged trade for the next few sessions while Dax can dip from 16200/300 if it rises further from current levels. Nikkei is bullish towards 29000/30000....
Stock futures open slightly higher after Dow slips following August jobs report
A trader works on the floor of the New York Stock Exchange. Getty Images U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones...
ECB Preview – Time to Lower Asset Purchases?
The pace of asset purchases in the Pandemic Emergency Purchase Program (PEPP) in 4Q21 is the focus of this week’s ECB meeting. Following hawkish comments from some council members, especially chief economist Philiip Lane, hopes that an announcement related to...
AUD/USD Outlook: Aussie Pausing ahead of Key Event – RBA Policy Meeting on Tuesday
Bulls are taking a breather on Monday after strong gains in past two weeks, as volumes thinned due to US holiday and traders awaiting early Tuesday’s RBA policy meeting for more information about tapering decision. The action is supported by...
ECB Preview: Will the ECB Taper Bond Purchases?
The ECB is due to make its monetary policy announcement on Thursday 9th September. With inflation at its highest level in over a decade will the ECB be start to taper bond purchases. When is the ECB announcement? The ECB...
Dollar Paring Some Losses, Aussie Retreats Ahead of RBA
Trading in the currency market is rather subdued today and markets will stay quiet with US and Canada on holiday. Dollar is paring some of last week’s large losses but upside momentum is weak. On the other hand, Australia Dollar...
BoC Meets with Election in Background
The Canadian dollar is slightly lower in the Monday session. Currently, USD/CAD is trading at 1.2552, up 0.23% on the day. Financial markets are closed in both Canada and the US, so the pair is likely to have a quiet day....