AUD: RBA set to cut 25bp early Tuesday – ING
Source Fxstreet
The Reserve Bank of Australia is widely expected to cut rates tomorrow morning (06.30 CET), ING's FX analyst Francesco Pesole notes.
Room for AUD/USD upside
"Markets had previously speculated on a 50bp move, but the US-China deal and a slower inflation decline compared to expectations have cemented the 25bp call. We believe the RBA will retain a good deal of caution on forward guidance, but should sound a bit more dovish, implicitly endorsing market expectations for two additional cuts in 2025 after this one."
"We still see room for AUD/USD upside on the back of domestic US negatives and improved risk sentiment. We target a return to 0.650, and don't think this RBA cut will get in the way."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Dogecoin started a fresh increase and climbed above the $0.2320 zone against the US Dollar. DOGE is now correcting gains and approaching $0.2180. DOGE price started a fresh increase above the $0.220
The EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
Crypto market rebounds as Trump hints at Russia-Ukraine ceasefire, risk sentiment improvesUS President Donald Trump's statement on a possible Russia-Ukraine ceasefire on Monday sparked optimism across global markets. The news of easing geopolitical tensions lifted investor confidence, driving a mild recovery in major cryptocurrencies.
US President Donald Trump's statement on a possible Russia-Ukraine ceasefire on Monday sparked optimism across global markets. The news of easing geopolitical tensions lifted investor confidence, driving a mild recovery in major cryptocurrencies.
EUR/USD Price Forecast: Tests descending channel’s upper boundary near 1.1250EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.
EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.
Solana started a fresh increase from the $160 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh increase above the $165 level
Related Instrument
