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Konu Konu: Australian Dollar Eyes RBA Minutes. Euro Yanıt YazYeni Konu Gönder
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Kayıt Tarihi: 13-Kasım-2019
Gönderilenler: 100
Gönderen: 30-Temmuz-2020 Saat 19:47 | Kayıtlı IP Alıntı xysoom

Australian Dollar Eyes RBA Minutes. Euro Hung Up on EU

Wall Street stocks had some pep in their step. The Dow
Jones, S&P 500 and Nasdaq indices all closed 0.03, 0.84,
and 2.51 percent higher, respectively. All three were
given a tailwind after news broke that Oxford University
and pharmaceutical giant AstraZeneca had a breakthrough
on a coronavirus vaccine called AZD1222.To get more news

Expert 24 Trade
, you can visit wikifx news official
  Researchers found it triggered an immune respond to
Covid-19 with only minor side effects. AstraZeneca
subsequently spiked over 10 percent before retreating and
closing just a little over 6.50 percent from the open.
  Foreign exchange markets were somewhat mixed. The
haven-linked US Dollar and anti-risk Japanese Yen and
Swiss Franc along with the Euro suffered the deepest
burns. Higher-beta FX like the Norwegian Krone and
Swedish Krona on the other hand were sunbathing on green
pasture with the British Pound. Sterling rose not so much
due to GBP strength per say but rather due to weakness in
its counterparts.
  The Euro was left out in the cold after European
Union policymakers failed to reach a consensus on what is
shaping up to be the longest meeting since the 2000
summit in Nice, France. The so-called “Frugal Four” –
led by Dutch Prime Minister Mark Rutte of the Netherlands
and followed by Sweden, Denmark Austria and Finland –
have pushed to modify the EUR750 billion aid package.


  The new proposal that may be generous enough for big-
spending advocates to get behind and watered-down enough
for the Frugal Four to swallow reduced the amount of
grants to 390 billion and increased the loan amount to
360b. The original was 500b and 250b, respectively. Until
a solid agreement is reached, the Euro will likely
continue to hover with a cautious upside bias. Read more
about why that is here.
  Tuesdays Asia-Pacific Trading Session
  In addition to the politically-entangled Euro, the
Australian Dollar will likely also be in the spotlight.
The Reserve Bank of Australia will be releasing their
meeting minutes following the interest rate decision on
July 7. Officials noted that while the path ahead is
uncertain, “conditions have, however, stabilised
recently and the downturn has been less severe than
earlier expected”.
  Policymakers reinforced this notion, saying that the
worst of the economic crisis may be behind as leading
indicators point to signs of stabilization. Officials
reiterated they are“prepared to scale-up its bond
purchases” in order to achieve their employment and
inflation targets. Unless the RBA significantly deviates
from this message – be it more positive or negative –
AUD may shrug at the comments.
  Australian Dollar Analysis
  After bottoming out in March, AUD/CAD has gone on to
rise over 14 percent in a relatively short span of time.
However, technical cues are hinting that upside momentum
may be slowing with RSI showing a negative divergence.
Capitulation could shatter a multi-week uptrend and open
the door to retesting stubborn support at 0.9293. Follow
me on Twitter @ZabelinDimitri for more timely technical
Yukarı Dön Göster xysoom's Özellikler Diğer Mesajlarını Ara: xysoom

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