The interest rate in Australia has remained at 4.10%. Down Under succeeds the US by not making any adjustments. The reaction of the market is therefore special because they bet on the Assie while the Dollar, Pound and Euro have already made it clear that interest rate rises are coming there. An interest rate increase is interesting for a currency because you then catch more money for the investment. The following are the following actions:
AUSUSD : Due to the fact that the central bank of Australia has not raised interest rates, this pair moves strangely. For now, the movement within the channel is what we have formed. At the moment, this is not a ground to invest in.
EURCHF : The pair represents a sideways movement. We have stopped the buy because it is expected that there will be no up trend in the coming period.
EURCAD : As with the CHF, this pair is moving sideways. We have stopped the buy because it is expected that there will be no up trend in the coming period.
NZDUSD : this pair has started a nice up trend. We bring a 2 buy setting to support the up extra. Buy at 0.620.
The New Zealand dollar rose to about $0.6329 on Tuesday, after weakening in the previous session, reflecting the data showing that the country's business confidence continued to improve in the second quarter.
The quarterly poll by the New Zealand Institute of Economic Research (NZIER) found that a net 63% of companies surveyed expected overall business conditions to deteriorate, compared to 66% pessimism in the first quarter.
AUSUSD : Due to the fact that the central bank of Australia has not raised interest rates, this pair moves strangely. For now, the movement within the channel is what we have formed. At the moment, this is not a ground to invest in.
EURCHF : The pair represents a sideways movement. We have stopped the buy because it is expected that there will be no up trend in the coming period.
EURCAD : As with the CHF, this pair is moving sideways. We have stopped the buy because it is expected that there will be no up trend in the coming period.
NZDUSD : this pair has started a nice up trend. We bring a 2 buy setting to support the up extra. Buy at 0.620.
The New Zealand dollar rose to about $0.6329 on Tuesday, after weakening in the previous session, reflecting the data showing that the country's business confidence continued to improve in the second quarter.
The quarterly poll by the New Zealand Institute of Economic Research (NZIER) found that a net 63% of companies surveyed expected overall business conditions to deteriorate, compared to 66% pessimism in the first quarter.