Aussie Flounders, ASX200 Soars After RBA Minutes

The Australian dollar sank against its major counterparts on Monday after the Reserve Bank of Australia released the minutes of its June 4th meeting. At the meeting, the RBA as expected cut the cash rate from 1.5% to a fresh historic low of 1.25%. This marked the first cut in the official cash rate since … Read more

EUR/NZD Soars to 7-Month Highs

EUR/NZD rallied to its highest levels since late October in early trading on Wednesday. Looking at the daily chart above we can see that price has been in a steady uptrend since March 27th. Kiwi Slides The New Zealand Dollar drifted lower this week as the market remained focused on trade tensions between the US … Read more

Capturing Trend Days

A trend day occurs when there is an expansion in the daily trading range and the open and close are near opposite extremes.

EUR/AUD Rallies to 5-Month Highs

EUR/AUD surged to its highest levels since January 4th on Tuesday. Last Tuesday the RBA lowered interest rates for the first time in nearly three years and signaled another possible cut, making the Aussie a less appealing investment.