OctaFX | OctaFX Forex Broker
Open trading account

RBA: Ready, set and...on hold in Feb - TD Securities

Prashant Newnaha, Senior Asia-Pacific Rates Strategist at TD Securities, offer a sneak peek at what to expect from February’s Reserve Bank of Australia’s (RBA) monetary policy decision.

Key Quotes:

“Yesterday's Dec employment number provides the RBA an out from cutting next month, following a number of positive, but limited series of data prints.

The weak details from Q3 GDP suggest RBA forecasts could be cut in the Feb SoMP, but the RBA may draw comfort from recent data and improving offshore sentiment, potentially limiting SoMP downgrades.

We have little insight into the RBA's reaction function. However, the drop in the unemployment rate and improving global outlook tilt the balance in favour of the RBA remaining on hold in Feb. April is lining up as the next likely month the RBA could cut.”

USD/CNH Price Analysis: Two-month falling trendline breached

USD/CNH pair closed at 6.9282 on Thursday, confirming an upside break of the trendline sloping downwards from Dec. 3 and Dec. 24 highs. The upside bre
Read more Previous

USD/IDR Price Analysis: Ignores Thursday’s Doji, breaks multi-month-old support line

USD/IDR remains favorite to the bears while declining to 13,574 during early Friday. The quote slipped to the fresh low since February 2018 of 13,569
Read more Next
Start livechat