RBA Rate Cut Surprise May Be A Blessing In Disguise For AUD…http://www.currencynewstrading.com/wp-content/uploads/slideshow-gallery/rba-rate-cut.jpg
May 7, RBA Rate Surprise May Be A Blessing In Disguise For AUD… RBA (Reserve Bank of Australia) decided to surprise the market during the May policy meeting by cutting the Cash rate by 25 basis points to 2.75% from 3.00%, against the majority of analysts’ expectations. AUDUSD immediately dropped 50 pips and continued to...
Abenomics And Fitch?http://www.currencynewstrading.com/wp-content/uploads/slideshow-gallery/abenomics-and-fitch1v.jpg
May 27, This week kicked off with Asian equity markets at a confusing start as uncertainties over recent volatilities in equities, bonds, and Abenomics continue to drive the overall sentiment. Considering that the market just saw a modest recovery on Friday following a sharp 7% drop (the largest single day drop in Japan since the earthquake/tsunami in March of 2011), it’s no surprise why...
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