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Quote

ANZ on the AUD/USD - stretched around 0.8, but USD uncertainty supporting

ANZ economists on the Australian dollar, a very quick take:

    The run-up to 0.8000 looks stretched. Continued uncertainty about the USD may hold the AUD up, however

For the Reserve Bank of Australia (next meeting is not too far away, September 5):

    We see rates on hold at1.5%. Recent datas uggests the risks to the upside are rising.

ANZ add:
We have used statistical techniques to analyse the language in the RBA's post-board meeting statements. From this we have constructed a measure of the RBA's bias - our RBA Bias Index. This index provides a clear signal about the likely change in the cash rate over the coming 6-12 months (Figure 3). It also leads changes in market pricing of the RBA cash rate.

    The most recent post-meeting statements have taken the RBA Bias Index a little above one.
    This indicates the RBA's policy bias is starting to lean in a slightly hawkish direction.
    We don't think the signal is yet strong enough to shift our view from 'on hold', but the evolution of the RBA's language clearly bears watching.

 

 

Forex Signals: Date: 22-Aug-2017

Website: http://www.hotforexsignal.com/

USD/JPY

Status:Close
ENTRY POINT: Buy at 109.25
TAKE PROFIT: 109.56
STOP LOSS: 108.84

USD/CHF

Status:Close
ENTRY POINT: Buy at 0.9654
TAKE PROFIT: 0.9685
STOP LOSS: 0.9613

EUR/USD

Status:Close
ENTRY POINT: Sell at 1.1796
TAKE PROFIT: 1.1765
STOP LOSS: 1.1837

GBP/USD

Status:Close
ENTRY POINT: Sell at 1.2863
TAKE PROFIT: 1.2832
STOP LOSS: 1.2904

 

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