OctaFX | OctaFX Forex Broker
Open trading account
Back

Australia: Pessimism? - Westpac

pessimism towards the Australian economy since the start of this year with global repricing of central bank outlooks playing a part, but markets are now pricing ~50% of an RBA cut this year.

Key Quotes

“Consumer sentiment evaporated to begin the year, having spent all 2018 in “optimistic” territory. Clearly an unsettling development for the RBA given their concerns around consumption outlook.”

“RBA first meets Feb 5th, to be followed by Lowe speech on 6th and then SOMP on 8th where surely growth forecasts to be revised down.”

“Near term, pessimism may be overdone, but AUD still sitting near middle of fair value range. Look to sell rallies above 0.7250 for a longer term decline.”

USD/JPY Technical Analysis: Bulls defend 50-hour SMA/ascending trend-line confluence support

   •  Having failed to sustain the overnight up-move beyond the 109.00 handle, the pair met with some fresh supply on Thursday and snapped two consecu
Read more Previous

USD/TRY retreats from tops near 5.3800

The Turkish Lira is trading on the defensive on Thursday, prompting USD/TRY to regain some ground lost following yesterday’s pullback. USD/TRY stays
Read more Next
Start livechat