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AUD/USD range was 0.9007-0.9092. It traded up to 0.9092 before the decision and ran into resistance ahead of the 0.9100 handle with more at 0.9130. After the decision traded lower as the interest rate futures markets discounted the chance of a December rate hike as the RBA said that October and November hikes would work [...]

European Session: RBA Hikes Rates Again But Moderates Hawkish Tone The major news overnight has been the RBA meeting where rates were raised 25bps to 3.50% as expected. AUDUSD had ground gradually higher in anticipation of the announcement, but sold off from 0.9090 to 0.9007 after the release as the supplementary statement sounded a moderately [...]

COMMODITIES – Up Broadly Though Copper, Cocoa Buck Trend * Better economic data sparks move from dollar to commods * Weak stock market tempers some gains * Coffee up 5 pct, outperforming broader commods complex * Copper and cocoa buck trend, trade lower NEW YORK, Nov 2 (Reuters) – Commodity prices settled mostly higher on [...]

PRECIOUS – Gold Price Rises As Dollar Drops * Dollar weakness against euro boosts bullion price * Barrick, AngloGold Ashanti may accelerate hedge buyback * Gold higher despite dip in SPDR Gold Trust holdings NEW YORK/LONDON, Nov 2 (Reuters) – Gold prices ran above $1,060 an ounce on Monday as robust U.S. economic data boosted [...]

US Session: Better US ISM Data Boosts Risk Appetite As Markets Shrug Off CIT News Today’s data has been awash with PMI releases out of Europe, which were all broadly in line with forecasts (Eurozone, Germany), or better than expected (Sweden, Italy, France, UK). There was very little impact on FX markets after the releases, [...]

It’s a big week for FX traders, as a raft of economic numbers are due for release this week. Thursday sees Interest Rate decisions in the UK, the US and the Eurozone – these will be in focus following Australia’s recent rate hike. The EUR/USD chart shows what a rocky month October was for the [...]