RBA Keeps Key Rate at 3.6%, AUD/NZD Eases Towards 1.1440
AUD/NZD plummeted in early Tuesday trading, bottoming at 1.1440 in the wake of the Reserve Bank of Australia (RBA) decision to leave its Official Cash Rate at 3.6%. The result was broadly expected, but policymakers’ tone heaped pressure on the Australian Dollar, which fell against most of its major trading partners. The faster inflation in […]
AUD/JPY Weakens Following RBA’s Decision to Maintain Rates Above 3.6%
AUD/JPY in the early Asian hours on Tuesday floated near 103.20 levels, after the Reserve Bank of Australia (RBA) kept its Official Cash Rate at 3.6%. The cut had been widely anticipated by markets; however, the more dovish tone from officials helped keep mild pressure on the Aussie, dragging it through 103.50. RBA Cautious on Inflation Outlook […]
Gold Price Forecast: XAU/USD in Holding Pattern Ahead of FOMC Rate Decision
Gold traded in a tight range through the Asian session on Tuesday as traders adopted a risk-off approach ahead of the all-important FOMC interest rate decision. The precious metal has been range-bound for nearly a week as investors wait to see the timing and degree of the forthcoming policy loosening. The dollar and gold prices are […]
Beginner’s Guide to Social Trading and the Best Copy Trading Platform
Do you want to become more knowledgeable about trading without investing a lot of time in gaining in-depth knowledge of your own in stocks, indices, cryptocurrencies, forex, and other instruments? You should consider adopting social trading . It’s shaking up how people trade. Using it, instead of sitting alone, staring at charts and sweating over […]