Feedback

AUD/USD under pressure ahead of RBA minutes

AUDUSD chart

AUD/USD has come under renewed selling pressure in the Tokyo open, breaking into fresh weekly lows below the 0.77 area ahead of the RBA minutes at 1.30 GMT, with RBA Governor Stevens' comments on Monday still weighing on the AUD, who indicated that more rate cuts are a possibility going forward.

Further cuts in the RBA cash rate will be limited − ANZ

Felicity Emmett, Co-Head of Australian Economics at ANZ, notes that RBA Stevens’ comments on Monday suggest that further...

A strong start for the Australian economy, unlikely to last − Capital Economics

According to Paul Dales, Chief Economist Australia/New Zealand at Capital Economics, it is possible that the Australian...

Silver hit by Chinese growth fears

Precious metals have been hammered today with silver taking the brunt of the sell-off, down 2%. Such...

Latest news

Further RRR cuts by the PBOC are likely − Capital Economics

Mark Williams, Economist at Capital Economics, notes that further RRR cuts by the PBOC are likely, expecting probably...

Dollar generally higher despite latest decline

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.0794 1.0637 1.0514
GBPUSD 1.4984 1.4817 1.4633
USDJPY 118.66 119.85 121.73
USDCHF 0.9544 0.9751 0.9983
AUDUSD 0.7743 0.7607 0.7532
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.2022 1.2232 1.2602
NZDUSD 0.7693 0.7549 0.7342
GBPJPY 177.82 175.85 178.80
EURJPY 128.16 127.81 127.32
EURGBP 0.7138 0.7086 0.7120

EUR/USD upside limited: sentiment favors the downside, with the investors aiming for a retest of the year low around 1.0460.

GBP/USD little upward scope, seen falling in term: 1.52/55 is tops in case of advances, 1.4600 expected in a 3 month view.

USD/JPY strongly bullish: heading back above 120.00, with hopes on advances up to 125.00.

AUD/USD no changes, bears still rule: Aussie is seen resuming the downside towards 0.7500 after some consolidation below the 0.8000 level.

EUR/JPY back to consolidative mode: the EUR/JPY is seen range bound below 130.00 over the next weeks, as USD continues to gather all of the attention.

Analysis

Trader’s eye on major's short term


Valeria Bednarik - The dollar grinded higher on Monday, boosted by Greece default talks; Aussie hit by Gov Stevens, with RBA Minutes up next


EUR/USD: Greek woes keep the risk towards the downside by FXStreet

EUR: It's Greece Vs The Data again - Credit Agricole by eFXnews

NZDUSD: Milking a Pullback by Forex.com

Jim Langlands

US$ firmer, as Greece concerns weigh on the Euro. RBA Minutes, German ZEW today's focus.

The US dollar took on a bid tone today as Greek concerns weighed on the European majors. The Aud$ also came under pressure after hints of further rate cuts ...

BabyPips.com FX−Men Team

Greek Debt Update: Is a Default Still Possible?

And the debt saga continues! Even though the anti-austerity Greek government managed to strike a last-minute agreement with its creditors earlier ...

Technical Studies

Next
Mark De La Paz

Tue, Apr 21, 11:00 GMT

Register

Why do markets move more with some data and less with...

Nenad Kerkez

Tue, Apr 21, 15:00 GMT

Register free!

This webinar is a direct follow up to the previous webinar about Heiken Ashi...

Upcoming Live Events Type* Sponsored by:
Apr 21, 11:00 GMT Premium Webinar Mark De La Paz WBN
Apr 21, 12:00 GMT Premium Webinar Steve Ruffley WBN
Apr 21, 13:00 GMT Matthew Clark, ACI Diploma WBN

Economic Calendar

Official Interest Rates

US: 0.25% EMU: 0.05% UK: 0.5% JP: 0.1% CH: -0.75% CA: 0.75% AU: 2.25% NZ: 3.5%

Sponsor broker

Broker EUR/USD GBP/USD USD/JPY

0.8

0.8

0.8

Your Educational Tip

TIP: What Can I Do If I Fear Success?

Ask yourself if if you feel the need to win at all costs.

Do you want to learn more?

Preferred brokers in your location

Broker EUR/USD GBP/USD USD/JPY

1.7

2.2

1.5

0.7

0.7

0.7

0.5

0.9

0.5

0.9

0.9

0.9

0

0

0

0.7

0.9

0.9

0.9

2.1

0.8

1.7

2.5

1.7

0.1

0.1

0.2

1.6

1.7

1.4

1

1.8

0.9

0.2

0.8

0.4

0.3

1.1

0.2

0.2

0.2

0.3

0.8

1.2

0.8

1

1.9

0.9

0.3

0.6

0.3

1.7

1.9

1.3

0

0

0

1.9

2.6

2

Compare brokers

Time to push your career!

Financial Trading Analysis courseProgress in the banking and brokerage sector with the Financial Trading Analysis online course. Apply now!

Connect with FXStreet

Join 50.000+ traders for FREE!

Get the best about Forex directly in your email.

Subscribe

Current Trading Positions

EURUSD Order Entry SL TP
Admiral Markets BUY LMT @1.0700 - 1.0850
USDCHF Order Entry SL TP
Rockefeller Treasury Services, Inc. SHORT LMT @0.9565 - -
AUDJPY Order Entry SL TP
Growth Aces BUY LMT @91.80 90.80 94.00
CHFJPY Order Entry SL TP
Growth Aces BUY LMT @123.75 122.60 126.20

Advertisement

MetaTrader: Platforms and Services

Download MetaTrader 4 or MetaTrader 5
Use Trading Signals to copy trades
Buy Trading Robot in MetaTrader Market
Enjoy MT4 and MT5 Mobile Trading

Most Popular Content

  1. EUR/USD: further declines below 1.0710
     by FXStreet Apr 20, 12:32 GMT
  2. EUR/USD: dollar positioned to weaken further
     by FXStreet Apr 19, 20:28 GMT
  3. EUR/USD Forecast: bearish within range
     by FXStreet Apr 20, 08:34 GMT
  1. Forex - Chart USD/SGD Update: Decline stalled
     by FXMarketAlerts Apr 20, 23:58 GMT
  2. AUD/USD under pressure ahead of RBA minutes
     by FXStreet Apr 21, 00:18 GMT
  3. Silver Stocks' Signal
     by Sunshine Profits Apr 20, 23:36 GMT