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The Reserve Bank of Australia (RBA) and its governor Philip Lowe have been accused of being overoptimistic in recent commentary, but today’s better-than-expected Chinese data and the bullish AUD/USD chart suggest otherwise.
February 10,2017
Surprisingly strong Chinese trade figures have supported a more positive outlook for the Australian economy delivered in a speech by the Reserve Bank of Australia (RBA) governor at a recent economic forum.
February 10,2017
GBP/AUD is moving in a broad range on the charts without any strong directional bias.
February 9,2017
There was a general consensus amongst analysts that the statement published by the Reserve Bank of Australia (RBA) after their rate meeting on Tuesday morning, revealed a more upbeat assessment of the economy.
February 8,2017
The Australian Dollar continues to defy bearish fundamental forecasts as it tracks higher versus the Pound.
February 6,2017
The British Pound was hammered against its major trading partners after the Bank of England communicated to markets in no uncertain terms that an interest rate rises was highly unlikely over coming months.
February 3,2017
The GBP/AUD pair is rising in a strong uptrend following a correction back from the 1.6780 highs.
February 2,2017
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