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  • XM Markets UUIIFXBR

    The regular meeting of the Reserve Bank of New Zealand (RBNZ) resulted in a no-change decision, which kept the Official Cash Rate (OCR) at a relatively high 3.50%.  Although the decision itself was widely expected, the RBNZ Governor Graeme Wheeler []

  • IronFX UUIIFXBR
    Analysis and Opinion » Daily Commentary 05/02/2015
    IronFX - February 5, 2015, 09:22 GMT

    Are we in an “unspoken” currency war? The People’s Bank of China (PBoC) cut its reserve requirement ratio (RRR) by 50 bps to 19.5%. This will lower the amount of deposits that each bank hold as reserves and add new liquidity into the banking system. The move came after the central bank cut its benchmark

  • H.S. Borji

    The Australian dollar climbed modestly against its US counterpart in Monday’s Asian session, as investors traded cautiously ahead of a key rate statement from the Reserve Bank of Australia. The AUDUSD climbed 0.13 percent to 0.9323, after reaching a daily low of 0.9305. Initial support is located at 0.9280 and resistance at 09343. The AUDUSD

  • H.S. Borji

    The Australian dollar strengthened against its US counterpart Wednesday, as stronger than forecast core inflation reaffirmed expectations the Reserve Bank of Australia won’t reduce interest rates further in the months ahead. The AUDUSD advanced for a second consecutive day, climbing 0.59 percent to 0.9450, its highest level since early July. The pair is likely supported

  • H.S. Borji

    The Australian dollar advanced slightly against its US counterpart Monday amid a dearth of economic data, as investors remained on the sidelines ahead of Tuesday’s RBA meeting minutes. The AUDUSD traded within a narrow range of 0.9380-0.9403. The pair consolidated at 0.9394, advancing 0.11 percent. The technical levels show in initial support at 0.9374 and

  • H.S. Borji
    Forex » AUD/USD Hits Resistance
    H.S. Borji - July 10, 2014, 19:39 GMT

    The Australian dollar backtracked against its US counterpart Thursday amid mixed Australian employment data and weaker than forecast Chinese trade figures. The AUDUSD retreated from an intraday high of 0.9445 to settle at 0.9373, declining 0.4 percent. The pair, which traded steadily ahead of the employment report, faced stiff resistance at 0.9433. Initial support is

  • H.S. Borji

    The Australian dollar was little changed against its US counterpart, as traders remained on the sidelines ahead of key Australian employment data. The AUDUSD was trading at 0.9396, declining 0.05 percent. The pair traded within a narrow range of 0.9390-0.9416. The pair is supported at 0.9371. Initial resistance is likely found at 0.9442. In other

  • The Australian dollar edged higher Monday, trading north of 0.94 US ahead of a rate statement from the Reserve Bank of Australia. The AUDUSD climbed to an intraday high of 0.9439, before consolidating at 0.9427, advancing 0.05 percent. The trend index shows initial support at 0.9404 and resistance at 0.9443. Stronger than forecast economic data

  • H.S. Borji

    The Australian dollar was relatively unchanged Thursday, as the forex market weighed the latest batches of US economic data amid a quiet Australian schedule. The AUDUSD climbed to an intraday high of 0.9419 before settling at 0.9404. The trend line shows initial support at 0.9371 and resistance at 0.9427. Weaker demand for the US dollar

  • H.S. Borji
    Forex » Aussie falls below 0.94 US
    H.S. Borji - June 24, 2014, 13:34 GMT

    The Australian dollar tumbled against its US counterpart Tuesday, after advancing closer to its 2014 high of 0.9460 at the beginning of the week. The AUDUSD declined 0.33 percent to 0.9396. The trend line shows initial support at 0.9380 and resistance at 0.9457. The Aussie’s failure to breach the 2014 high indicates it could remain

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