Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
any rally will be limited to 9600... above 9625.... may see it test 9700/20....
see it drift lower to 9450 where we may see some bounce..... but eventually likely to target 9250 level b4 we see bigger bounce....
From MNI FX Bullets
AUSTRALIA: From suggesting a easing bias as an appropriate policy
response from the RBA, Westpac makes a startling change in its forecast
for cash rate, now expecting 100bps of cut until the end of 2012. The
first cut of 25bps will happen in December, Westpac says. "While the
catalyst for the first rate cut is likely to come from offshore we do
not expect it to be a one off. Interest rates are too high in Australia
given the state of the non-mining sectors of the domestic economy and a
downward adjustment is required to avert a damaging round of
contraction. This rate adjustment is likely to take a similar form to
previous easing cycles," Westpac says.
Ashraf