Conditions are Right for Further USD Appreciation
April 2, 2010 by AC-Markets · Leave a Comment
Forex News and Events: Newswires were buzzing overnight regarding an article, which suggests that Greece wants to cut out the IMF participation portion from the recently agreed upon financial aid plan. In addition, Greece has been rumored to be trying to fix or get details regarding some of the hazy specifics. Given the number of [...]
Solid Aussie foundation crumbles
March 31, 2010 by Interactive Brokers · Leave a Comment
Last week we heard carbon-copy statements from the Reserve Bank of Australia’s two leading officials who tried to steer the conversation about monetary policy towards a “normal” interest rate setting. As investors listened and as they observed fresh domestic and regional data indicative of ongoing above normal growth, they once again clung onto the coat [...]
AUDUSD boosted on signs of another interest rate hike
March 29, 2010 by AC-Markets · Leave a Comment
Market Brief AUDUSD recovered from Friday’s losses and traded at 0.9076 on speculation that retail sales rose 0.3% in February, due on March 31 and as RBA Governor Glenn Stevens said house prices are “getting quite high” and signaled that interest rates may need to be increased further to contain inflation adding that it was [...]
