Results for unchanged
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  • Over the past week, the Australian dollar staged an impressive rally as upside surprises in economic data fueled expectations that interest rates will be left unchanged for the second time in a row. Since March 10th, the Australian dollar has appreciated from a low of 0.6340 to an intraday high of 0.7228 on Friday. The Reserve Bank of Australia has a monetary policy meeting on Monday evening NY time, Tuesday morning in Sydney and the outcome of the meeting will determine whether the Australian dollar is able to sustain its gains. Currently, the market expects the RBA to leave interest rates unchanged, but some people believe that the RBA could cut rates by as much as 50bp, which means the upcoming rate decision, could be a close one. Although, leaving interest rates unchanged has become a common practice of many central banks these days, what sets Australia apart is that interest rates are not at zero, leaving the RBA with room to ease. At 3.25 percent, the country currently has the highest interest rate amongst developed countries.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
NZD/USD
Medium term



Buy Buy at .6912
Stop at 0.6882
Target at 0.6958
EUR/GBP
Short term



Buy Buy at .9021
Stop at 0.9007
Target at 0.9053
GBP/JPY
Medium term



Sell Sell at 139.2700
Stop at 140.39
Target at 137.58
There are currently no trades in progress.

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3767
  • 1.3796
  • 1.3669
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.5203
  • 1.5217
  • 1.5025
GBP/USD
5 min chart
  • USD/JPY
  • up
  • 90.55
  • 91.07
  • 90.16
USD/JPY
5 min chart
  • OIL
  • up
  • 81.18
  • 83.13
  • 80.55
CLJ0
5 min chart
  • GOLD
  • down
  • 1101.3
  • 1119.0
  • 1097.9
.GOLD
5 min chart
  • US Stocks
  • down
  • 10635
  • 10656
  • 10595
.US30
5 min chart
  • UK Stocks
  • down
  • 5634.3
  • 5646.5
  • 5611.5
.UK100
5 min chart
  • DEM Stocks
  • down
  • 5952.0
  • 5989.8
  • 5933.3
.DE30
5 min chart
  • JP Stocks
  • up
  • 10794
  • 10824
  • 10695
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3767
  • 1.3796
  • 1.3669
5 min chart
  • GBP/USD
  • up
  • 1.5203
  • 1.5217
  • 1.5025
  • USD/JPY
  • up
  • 90.55
  • 91.07
  • 90.16
  • USD/CHF
  • up
  • 1.0578
  • 1.0695
  • 1.0575
  • USD/CAD
  • up
  • 1.0190
  • 1.0246
  • 1.0154
  • AUD/USD
  • down
  • 0.9151
  • 0.9194
  • 0.9140
  • NZD/USD
  • up
  • 0.7016
  • 0.7049
  • 0.6983
  • USD/MXN
  • down
  • 12.5220
  • 12.5812
  • 12.5205
  • EUR/JPY
  • down
  • 124.67
  • 125.19
  • 123.67
  • GBP/JPY
  • up
  • 137.67
  • 138.06
  • 136.09
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 81.18
  • 83.13
  • 80.55
5 min chart
  • GOLD
  • down
  • 1101.3
  • 1119.0
  • 1097.9
5 min chart
  • SILVER
  • down
  • 17.054
  • 17.32
  • 16.944
5 min chart
  • US500
  • down
  • 1151.1
  • 1156.9
  • 1146.6
5 min chart
  • UK Stocks
  • down
  • 5634.3
  • 5646.5
  • 5611.5
5 min chart
  • DEM Stocks
  • down
  • 5952.0
  • 5989.8
  • 5933.3
5 min chart
  • JP Stocks
  • up
  • 10794
  • 10824
  • 10695
5 min chart
  • AU Stocks
  • down
  • 4813.5
  • 4838.5
  • 4803.5
5 min chart
Data source: GFT

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