Asia FX muted with focus on more Iran talks, dollar steadies after soft PPI

This week, forex traders’ attention is firmly on the AUD/USD market following key news releases from Australia: → Tuesday: Interest rate decision. According to ForexFactory, analysts’ forecasts were confirmed as the Reserve Bank of Australia (RBA) cut the cash rate from 3.85% to 3.60%.→ Today: Labour market statistics revealed that the unemployment rate fell from…

Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Global stocks extended declines on Monday, hit by diminishing wagers on Federal Reserve interest-rate cuts and a further oil-price spike that poses a fresh threat to inflation. Wall Street was set to add to Friday’s losses, with…

If you’ve been keeping tabs on U.S. economic reports this week, the numbers are looking almost too good to be true. Manufacturing is growing again. The services sector is firing on all cylinders. Businesses are optimistic. So why does the Fed still seem to be on edge? Buried inside these positive reports is a worrying…

AUD/USD edged higher to 0.7221 but retreated since then. Initial bias remains neutral this week for more consolidations first. On the upside, firm break of 0.7221 will extend larger up trend to 61.8% projection of 0.6420 to 0.7187 from 0.6832 at 0.7306. On the downside, break of 0.7076 minor support will turn bias back to…