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Forex Flash: RBA cut back on the table after Aus jobs - NAB

FXstreet.com (Barcelona) - According to NAB, the poor Australian jobs number, and with the outlook for non-mining investment still poor, "the prospect of a further rate cut by the RBA is back on the table, especially if the Q1 CPI on April 24 is well behaved (NAB expects a 0.5% increase in the underlying rate for 2.4%yoy)."

"But a May rate cut still looks too early, given the recent strength in retail sales and the small gains in house prices. A June cut is more likely, as it also affords the RBA the time to wait for the Q1 Capex Survey on May 30" the bank adds.

Forex Flash: FED Chairman will continue to drive policy - Rabobank

According to the Financial Markets Research team at Rabobank International: “The (FED) Minutes had a slightly hawkish tone to them noting that some members “thought that if the outlook for labor market conditions improved as anticipated, it would probably be appropriate to slow purchases later in the year and to stop them by year-end.”
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Commodities: Crude Oil WTI finishes higher for 3rd day in a row, resistance at 95.00 in focus

Crude Oil WTI finished higher for a 3rd straight day, as buyers stepped in near the 93.40 level to take advantage of early weakness. It was an impressive day for Crude, with the majority of the metals/energy complex finishing sharply lower on the day. “The commodity is approaching the key $95 figure where it certainly could encounter sellers as the intra-day price action charts are showing this bullish move is still corrective (but is building upside momentum). Clearing out 95.50 would set up a test of 96.30 and 97.50,” notes Chris Capre, founder at 2nd Skies Forex.
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