News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Further your trading knowledge and gain informed market analyses from our expert analyst @DavidJSong on Oil with our free Q4 guide, available for free today.https://t.co/Y6XECmr5fQ https://t.co/XQI3PN4bkQ
  • Nasdaq 100 may hit new high soon. https://t.co/ACtVqiOBl0
  • HSTECH index has likely formed an "Inverse Head & Shoulders" pattern. https://t.co/YFIQEYmuyq
  • The HSI has likely formed a “Double Bottom” chart pattern, which is usually viewed as bullish-biased. https://t.co/wMQ14A867Q
  • When markets are falling, how can you short sell? Learn more here:https://t.co/K4EFd6A6xd https://t.co/ynjtSQqHVy
  • Futures have their own set of characteristics and appeal to different types of traders and investors for a variety of reasons. Get your free trading guide and learn to trade the markets with futures here. Download your guide today!https://t.co/72oKM0kLHL https://t.co/dLBhWmxuub
  • Relative stability in EUR/USD has masked weakness in the Euro against most other major currencies, and that weakness can be expected to persist in the week ahead and likely for longer. Get your weekly Euro forecast from @MartinSEssex here: https://t.co/g6aCr7Uxg2 https://t.co/KZHBa4GXCN
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/Z8oipLero0
  • Gold prices moved higher last week, but an upbeat US retail sales report underpinned Treasury yields on Friday, which weighed on bullion. Chinese Q3 GDP is in focus for XAU traders. Get your weekly gold forecast from @FxWestwater here: https://t.co/L9JstXgjx0 https://t.co/rCikjEv1Fm
  • Equity traders often focus their approach on specific sectors, designed to fit with their approach and style. What sector are you going to target? Read more to find out!https://t.co/5gbiHmY8yl https://t.co/dzRs61zPlt
Australian Dollar Rallies as Neutral RBA Decreases Rate Cut Bets

Australian Dollar Rallies as Neutral RBA Decreases Rate Cut Bets

Daniel Dubrovsky, Strategist

Talking Points:

  • Australian Dollar rallies versus the US Dollar after RBA rate decision
  • Main lending rate 2.0% in March versus 2.0% expected and 2.0% prior
  • Government bond yields rally as forward guidance remains little changed

Find Key Turning Points for the Australian Dollar with DailyFX SSI

The Australian Dollar gained against its US namesake after the Reserve Bank of Australia held rates at 2.00 percent in March. The markets were not expecting an interest rate cut from the central bank. However, overnight index swaps were pricing in a 92 percent probability of at least 2 cuts over the next 12 months leading up to the event. This puts the forward guidance issued from the RBA on the spotlight as the markets look for clues that signal higher chances of easing in the future.

The Reserve Bank of Australia reiterated that low inflation may provide the scope for easier policy. The central bank said inflation will likely remain low over the next year or two. They will continue to judge whether improvements in job markets are holding and whether the recent financial turbulence is a sign of weaker global and domestic demand. On the whole, the rhetoric was mostly little changed from February’s meeting as the RBA remains data dependent.

After the interest rate decision, Australian front-end government bond yields rallied. This suggests that the markets are seeing a rate cut happen later rather than sooner. With that in mind, this puts key upcoming data releases in the spotlight. Fourth quarter Australian GDP is scheduled to be released on March 2nd.

Australian Dollar Rallies as Neutral RBA Decreases Rate Cut Bets

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES