Page 13 - Term Technical News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share: The RBA kept the cash rate on hold, extended its QE program. Australia will publish the Commonwealth Bank Services PMI for January, expected at 55.8. AUD/USD trades at its lowest for the year, could extend the slide in the near-term. The AUD/USD pair surged to 0.7661 early Asia, following the Reserve Bank of Australia’s decision to leave the cash rate on hold at 0.1%. However, the positive tone was short-lived as investors went deeper into the announcement. Australian policymakers have decided to extend the QE program, as the current pace of bond-buying at A$ 5billion per week will c...

Share: The RBA is expected to maintain its monetary policy unchanged. Services output in Australia improved by more than expected in January. AUD/USD is technically poised to extend its decline, but RBA expected to be hawkish. The AUD/USD pair fell to an intraday low of 0.7605, but is finishing the day little changed in the 0.7630 area. The aussie fell at the opening as a hotel guard who sparked a 5-day lockdown in the Perth area was confirmed to have the UK coronavirus strain. Australia has been quite fast to respond to single contagions, but a paralyzed region always spurs concerns.

Share: The US ISM Manufacturing PMI contracted to 58.7 in January from 60.5 previously. Upwardly revised Markit Manufacturing PMIs in the EU failed to support the shared currency. EUR/USD is pressuring a critical Fibonacci support level, could extend its decline to 1.1970. The American dollar has rallied on Monday, pushing EUR/USD to a daily low of 1.2062. The pair trades nearby ahead of the Asian opening, as US stocks retreated from intraday highs, anyway holding in the green. Asian and European indexes finished the day with gains, which somehow prevented the greenback from appreciating furt...

Share: The Australian dollar is trading alongside equities, ignoring local data. AUD/USD bounced from fresh monthly lows, but bulls unconvinced. The AUD/USD pair reverted an intraday slump to 0.7591, a fresh monthly low, to close the day with gains just below the 0.7700 threshold. The pair was pressured by the dismal market mood that ruled the Asian and European sessions, later changing course with Wall Street’s comeback. Data wise, Australia had little to offer this Thursday. The Import Price Index came in at -1% in Q4, while the Export Price Index resulted in 5.5%. The country will rele...

Share: Australian data came in mixed, but inflation picked modestly up in Q4 2020. Risk aversion and plummeting equities pushed AUD/USD lower in the US session. AUD/USD is at risk of accelerating south on a break below 0.7640. The Australian dollar enjoyed some demand at the beginning of the day, rising against the greenback to 0.7763, following the release of mixed Australian data. The Q4 Consumer Price Index came in at 0.9%YoY, better than the 0.7% expected, while the RBA Trimmed Mean CPI for the same period printed at 1.2%. However, NAB’s Business Confidence contracted to 4 in December, ...