CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
    Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    AUD/USD could struggle to trade consistently above 0.7000 – ING

    Source Fxstreet
    Feb 21, 2024 15:27

    Disappointment summarises the start of 2024 for the Australian Dollar (AUD). Economists at ING analyze Aussie’s outlook.

    Softer data does not mean big RBA cuts

    Australian inflation declined more than expected in the fourth quarter, and the RBA’s pushback against rate cut bets was also challenged by soft employment figures for January. That said, we do not doubt the determination of the RBA to keep rates higher for some time. Our expectations remain that monetary easing in Australia will only be a story for the second half of the year and be worth a total of 50 bps – significantly less than the Fed and RBNZ.

    AUD is in a good position to rally once US data allows rate cut bets to rebound in the US, even though potential defensive positioning ahead of US elections in the third quarter (a Trump re-election would hit China-related sentiment) means AUD/USD could struggle to trade consistently above 0.7000.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    EUR/JPY Price Analysis: Extends its upside above 166.50 amid the overbought conditionThe EUR/JPY cross trades in positive territory for the fifth consecutive day during the early European trading hours on Thursday.
    Source  Fxstreet
    The EUR/JPY cross trades in positive territory for the fifth consecutive day during the early European trading hours on Thursday.
    placeholder
    EUR/USD Price Analysis: The first upside target is seen at the 1.0710–1.0715 regionThe EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0705 on Wednesday during the early European trading hours.
    Source  Fxstreet
    The EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0705 on Wednesday during the early European trading hours.
    placeholder
    GBP/JPY climbs towards 192.80 after UK Services PMI hit 11-month highThe GBP/JPY pair extended gains on Tuesday, climbing towards 192.80 after an upside beat to the UK Services Purchasing Managers Index (PMI) earlier in the session.
    Source  Fxstreet
    The GBP/JPY pair extended gains on Tuesday, climbing towards 192.80 after an upside beat to the UK Services Purchasing Managers Index (PMI) earlier in the session.
    goTop
    quote