Today, early morning, the Reserve Bank of Australia decided to keep interest rates unchanged at 1.5%. The regulator based his decision on the fact that the recent release in terms of inflation did not meet expectations. In addition, the economic uncertainty within the country makes itself felt by a decrease in household spending and housing prices.
Among other things, the decision of the Australian regulator was also influenced by the newly aggravated contradictions between the US and China, in connection with the promise of Donald Trump to introduce additional tariffs on the import of Chinese goods. China is one of the most important trading partners of Australia and any aggravation of this conflict can significantly shake national markets.
The Australian dollar, at the moment, is trading with rise against its American rival at 0, 7035.
In general, during today's Asian session, the markets were again dominated by the flight of investors from the risks caused by the same statements of the American leader, after which rumors even arose about the cancellation of the visit of the vice premier of China to Washington and, accordingly, the breakdown of the new round of trade negotiations .
The Japanese yen strengthened slightly, but US futures and yield treasuries, by contrast, weakened. As a result, the USDJPY pair traded in a rather narrow range at the level of 110.70, failing again to consolidate at the level of 111.
The single European currency and the British pound strengthened against the background of a weaker USD. Looney attracted buyers near the mark of 1.3400 due to rising oil prices.
Trading recommendations to Forex traders:
GBPUSD: Buy. Entry point – 1, 3117. Take Profit – 1, 3133. Stop Loss – 1, 309.
NZDUSD: Sell. Entry point – 0, 662. Take Profit – 0, 6606. Stop Loss – 0, 6644.
USDCHF: Sell. Entry point – 1, 0165. Take Profit – 1, 015. Stop Loss – 1, 019.
To receive new articles instantly Subscribe to updates.
