For Traders

Analytical Reviews

16.05.201808:45 Forex Analysis & Reviews: The new RLA ideology is to hope and believe

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD / USD

Under the strong onslaught of allied markets, which occurred yesterday under the pressure of the US dollar, the Australian currency could only decline. The dollar index added 0.62%, gold fell by 1.7%, iron ore lost 2.4%, and copper declined by 0.82%.

Yesterday, the Reserve Bank of Australia published the minutes from the last meeting on monetary policy. An interesting phrase was inserted in the text of the document: "It would be expedient to maintain a stable money exchange and make the Reserve Bank a source of stability and trust." Apparently, the RBA management is either aware of the upcoming world economic cataclysms or intends to maintain the current rate unchanged for a long time for other reasons. However, the Australian Central Bank does not abandon an ambitious forecast for economic growth of 3% (the current 2.4%). For today, we see a growth in wages for the 1st quarter by 0.5% against the forecast of 0.6% and a revision of the growth of wages for the previous period from 0.6% to 0.5%.

We are waiting for the decline of the "Aussie" in the range of 0.7375 / 85 after the release of US data on construction and industrial production.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.