Reserve Bank of Australia monetary policy meeting coming up on Tuesday April 7 Only yesterday we got the minutes to the emergency meeting (the RBA called is a ‘special’ meeting).   RBC’s note on the minutes also serves as a what to expect from next week’s meerting (bolded): minutes … largely mirrored the detailed speech
Seasonals aren’t a good idea this month There are times when seasonals are a valuable part of the forex toolbox. This isn’t one of those times. News on the economy and coronavirus is going to overwhelm any seasonal tendencies. That said, April is generally one of the strongest months for patterns. Here are 4 of
Consumer confidence from the Conference Board Prior was 130.7 (revised to 132.6) Expectations 88.2 vs 108.1 prior Present situation 167.7 vs 169.3 Cutoff date for the sample was March 19 The ‘present situation’ index held up much better than expected but I don’t believe that will last. “Consumer confidence declined sharply in March due to
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Another big move in the last hour of trading The major indices are closing lower on the day after the late day rally fizzled out. Starting the last hour of trading, the major indices were trading at: S&P index 2584.95, down -45.12 points or -1.72% NASDAQ index 7648.96, down -148.57 points or -1.91% Dow 22046.95, down -505.18 points or -2.24% The closing levels are lower
French and Italian consumer confidence data the only releases of note The focus is going to remain on coronavirus headlines and the recent shift in the risk/dollar momentum, with some month-end rebalancing at play as well. Central banks and governments can take heart that their recent actions have helped to inject some calm into the