Forex News

0:30
February 26, 2021
The RBA buying 3-year Australian government bonds, AUD 3bn, weakens AUD
In a surprise move outside of its usual operations mid-week, has announced that it is buying 3-year Australian government bonds to the tune of AUD 3bn. This is weighing on AUD, already dented by the rise in US yields and the USD from the New York session following a terrible 7-year auction that lead to a…
0:30
February 26, 2021
Gold Price Analysis: XAU/USD extends the heaviest drop in three weeks below $1,800
Gold remains pressured after staging the notable downside. S&P 500 Futures stretches losses from Treasury yield havoc. US stimulus, PCE data will be the key but bond moves keep the driver’s seat. Gold prices drop to $1,767, down 0.13% intraday, during Friday’s Asian session. In doing so, the yellow metal tracks the corrective pullback in…
0:30
February 26, 2021
RBNZ gov Orr says will not be changing policy for a prolonged period of time
The Reserve Bank of New Zealand governor Adrian Orr says will not be changing policy for a prolonged period of time and that committee remit policy targets are unchanged.  Orr said the prior day that inflation will need to sustainably be at its target midpoint range before any tightening of monetary conditions are considered. He also…
0:15
February 26, 2021
AUD/NZD Price Analysis: Bulls looking for a significant correction
AUD/NZD bulls remain in play so long as they can get over the line.  The M-formation is a bullish chart pattern that would be expected to see a retest of old support.  Further to the prior analysis, AUD/NZD Price Analysis: Bulls eye a 50% reversion confluence of old support, instead of an immediate correction, the…