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23/07/2021 Friday

AUDUSD Day’s range : 0.73422 – 0.73974   Risk appetite continues to be relentless as investors have an optimistic view despite rising COVID-19 cases around the world. AUDUSD touched an overnight high of 0.7397 but is unable to break through key figures.   U.S. weekly jobless claims increased to a two-month high last week, suggesting

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22/07/2021 Thursday

AUDUSD Day’s range: 0.72894 – 0.73603    AUDUSD set a fresh year to date low, trading just below the 0.7300 handles before recovering well through the European and US session. The AUDUSD touched a high of 0.73603. The AU June preliminary retail sales were below the expectations at -1.8% versus expected number of -0.7%. In

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16/07/2021 Friday

AUDUSD Day’s Range: 0.74105 – 0.74847 The June job report in Australia showed growth in the job market, however, investors weigh the new strict lockdown in NSW and VIC more than the positive job reports. New restrictions were in place in Melbourne due to the increasing number of delta-variant cases. Lockdown in Sydney was extended

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Federal Reserve – Monetary Policy and Latest Market Expectation

FED & FOMC Introduction FOMC The Federal Open Market Committee (FOMC) is a branch of the Federal Reserve System (the Feds). The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirement, while FOMC is responsible for the open market operation. OMO is the purchase and sale of

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