OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD: RBA minutes in focus- ANZ

FXStreet (Guatemala) - Analysts at ANZ explained that the data calendar in Australia quiets down next week after key employment data and the Financial Stability Review (FSR) this past week.

Key Quotes:

"The more constructive view on the housing market revealed in the FSR is important, in our view. The still-strong housing market earlier this year, despite the macro- prudential measures introduced last December, was one of the key roadblocks to easier monetary policy in Australia. Even so, Deputy Governor Lowe‘s comments this week didn’t sound like the RBA was preparing to revise down their growth and inflation estimates dramatically at the November meeting.

The RBA minutes may echo a similar tone, given the RBA made few meaningful changes to the domestic outlook in the October post-decision press release. To be fair both the meeting and Mr. Lowe’s comments came before the weaker- than-expected Australian employment report for September."

USD/JPY: pressured below 20 DMA, targetting 118.80

USD/JPY is currently trading at 119.25 with a high of 119.44 and a low of 119.21.
Read more Previous

Nikkei 225 on the back-foot, weighs on Yen crosses

The Japanese benchmark index Nikkei 225 failed to track Friday´s gains in the SP500, and is trading on the back'foot in early trade, circa 18,200 or -0.48%, having broker through support at 18,240.
Read more Next
Start livechat