Investment Management
* AUD/USD has finally bottomed out and has issued a bulish signal on 6 June * Even though the currency has fallen the to a three year low, we still may see a 0.25% rate cut in Aug/Sep which is politically motivated. Traders are pricing in 33 basis points of rate cuts within the next […]
* AUD/USD has finally bottomed out and has issued a bulish signal on 6 June * Even though the currency has fallen the to a three year low, we still may see a 0.25% rate cut in Aug/Sep which is politically motivated. Traders are pricing in 33 basis points of rate cuts within the next […]
* Euro 1Q GDP contracted 0.2% qoq in line with estimates and contracted 1.1% yoy, more than the estimate of a 1% contraction * Eurozone April Retail Sales dropped 0.5% mom versus estimates of a 0.2% drop; down 1.1% yoy vs estimates of a 0.8% drop * ECB officials meet tomorrow and we expect interest […]
* Bloomberg: Next USD/JPY Bull Leg Could Be Triggered by Abe Speech; Speech at 12:30 pm to outline Japan’s growth strategy by Prime Minister Shinzo Abe may send USD/JPY toward chart resistance at 101.40, Bloomberg strategist Mark Cranfield writes. Resistance line drawn from May 22 peak at 103.74, forming broad triangle on its daily chart, […]
* This trade idea is especially for our Indonesia based users who may change their Rupiah into a more profitable Australian Dollar * As of 28 May, AUD/IDR has issued a bullish signal * Indonesia’s April trade deficit widened to $1.62 billlion versus estimtes of $51 million * April exports were down 9.1% yoy versus […]
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