Market News & Analysis Looking at the EURJPY daily we can see buyers have started to stall the decline from a previous low. The point of the low which has also now formed the base of a descending triangle pattern which are normally seen as continuation patterns in...
Market News & Analysis Looking at the GBPJPY daily chart we can see that price has returned to the base of its longer-term descending triangle pattern. The base of this patter has held since February. While price remains above the base we would be looking for...
Are we set for a rate cut this afternoon taking the Australian cash rate to record lows? Weaker retail sales data falling to 0.1% pushing the rate cut cause.
The market is expecting a cut of 25 pts this afternoon at 14:30.
#RBA #AUD #trading #forexnews
After a 1.19% sell-off in yesterday's session, the #ASX200 has started Tuesday higher + 11pts atm. Retail Sales data to come at 11:30 am and the RBA cash rate and statement at 2:30 pm.
#stocks #trading #asx #xjo