Filed Under:
Forex pairs in this Article » EUR/USD, USD/JPY (Barcelona) - The Australian Dollar was the main laggard during the Asian session, after the RBA monetary decision threw cold water on long players hopes to appreciate the spot rate.

The RBA left rates unchanged at 3%, yet the accompanying statement was more dovish-than-expected, noting that "the inflation outlook, as assessed at present, would afford scope to ease policy further, should that be necessary to support demand."

Another currency no longer enjoying the steady bids seen last week is the Euro, which is flirting with key area of confluence at 1.3480. If taken out, shorts may open the scope for further slides. However, the reality in the Euro is that, as RBS currency strategists Greg Gibbs notes, "EUR can still fall several big figures and still appear in a rising trend from its lows in July."

Main headlines in Asia

- Wall Street posts its worst day in 2013

- Australia January AIG Services PMI 45.3 (vs. 43.2 prior)

- Time to sell USDJPY? - TDS

- AUD market sitting on very long speculative positions

- Obama signs temporary suspension of debt ceiling

- Australian trade deficit shrinks; house price index jumps

- China: HSBC China Services PMI (Jan): 54

- USDJPY, smart money keeps buying off the 20-H4 EMA

- Euro to 'relax' lower then go up - FX Concept's Taylor

- North Korea Nuclear Test x2

- PBoC to change Zhou Xiaochuan by next month

- RBA leaves rates unchanged at 3%; statement more dovish-than-expected

- AUD starting to get hit as flows intensify

- Australian investment growth slowdown another sign for the RBA to cut - NAB

- RBA: Chances of March rate cut seen at around 55%

- Morgan Stanley buying USD/YEN 2 1/2 big figures lower &
comments powered by Disqus
Trading Center