The Reserve Bank of Australia made it very clear last night that they do not plan to raise interest rates in the foreseeable future. Despite the rise in commodity prices, the RBA expressed little concern about inflation. As a result, the AUD/USD extended its losses as investors realized that unlike the ECB and [...]

Posted in Australian Dollar, Reserve Bank of Australia, aud/usd, reserve bank of australia intervention No Comments »

The last 3 times the RBA made a monetary policy announcement, a small to large reversal was triggered in the Australian dollar. RBA rate decisions can frequently mark a top or bottom in a currency - this does not happen 100 percent of the time, but given the number of considerations that go into [...]

Posted in Australian Dollar, Reserve Bank of Australia, aud/usd, australian dollar forecast 2 Comments »

The Reserve Bank of Australia has a monetary policy announcement this evening and even though interest rates are not expected to be changed, the tone of the statement could seal the fate of the Aussie by determining whether it makes a run for 1.05 or falls back towards parity. The key with the RBA [...]

Posted in Australian Dollar, Reserve Bank of Australia, aud/usd 1 Comment »

Take a look at the Australian dollar chart below. Do you see the head and shoulders / triple top formation that I see? =)
The Australian employment numbers didnt make anyone happy. A deeper pullback is likely but I don’t except the AUD/USD to trade much lower than 99 cents. Remember the hawkish [...]

Posted in Australian Dollar, Forex Technicals, Reserve Bank of Australia, aud/usd, australian dollar forecast, forex blog 6 Comments »

The job of turning around the global economy lies of the shoulders of just a few people and in this group includes central bank governors. With such a tall task at hand, it leads me to wonder what are the people with such power and responsibility making. Is it enough to compensate for [...]

Posted in Bernanke, ECB, New Zealand dollar, Reserve Bank of Australia, Trichet, forex blog 18 Comments »