Archived IMT (2010.08.02)
AUSSIE CROSSES AHEAD & AFTER RBA: The upcoming RBA decision (12:30 am EDT, 4:30 am GMT, 5:30 BST) is widely expected to keep rates unchanged, but the impact on the already rallying AUDUSD remains doubtful given the break above the all-important 0.9070 resistance. Although a rate hold is widely priced in the market, I see room for AUD downside against the rallying EUR and GBP, both of which have been boosted by robust figures on Monday. GBPAUD makes a CLEAR BREAK ABOVE the 1.4 trend line resistance (from Jul 6 high), which was first addressed in last weeks HOTCHART http://bit.ly/drvzV6. This is inline with a bullish call in EURAUD, which not only remained supported above 1.43 double bottom, but is now propped to recpature1.4550s, especially if the RBA addresses softening inflation in its policy statement.
Latest IMTs
-
ندوة سويسكوت مساء اليوم مع أشرف العايدي
by Ashraf Laidi | Mar 11, 2025 15:46
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00
-
Charting gold storage in NY تحليل مخزونات الذهب في نيويورك
by Ashraf Laidi | Feb 21, 2025 19:45
-
آخر ضربة تعريفات ترامب على الأسواق
by Ashraf Laidi | Feb 7, 2025 19:52
-
تداول فوضة تعريفات ترامب
by Ashraf Laidi | Jan 31, 2025 21:19