AUDUSD Potential Short Term Retracement or Mid Term Swing
Most of the wise traders knew that the 25bp rate cut probabilities were higher and then finally when the actual day came up it ended up being a cut actually. I don't wanna explain all those stuff which had already been past but for now, we can see good demand in Aussie just to know that fed might have some future rate stimulus probabilities (but that part on next time). Knowing how the fall on S&P/ASX 200 a couple of days last week due to covid-19 chaos then suddenly after today's RBA rate decision gave a sweet upward pump which creates some optimistic vibe over Australia equity market and I assume with lower Official cash rate might have something to do on it. I wonder if S&P/ASX 200 bounces back for a couple of days it will pinpoint the demand in Aussie as people need local currency to even purchase the equities babe! Already a cut from RBA means a delay in any further cuts even if there is anything left to do! Which let me think FED babe in turn to have some stimulus game!
Comment:
Emergency cut from the FOMC The Fed says the virus poses evolving risks and the vote was unanimous.
Comment:
New York confirms new coronavirus cases plus other virus tidbits that's insane covid-19 entered inside the state now shit!
Comment:
The S&P 500 has turned a 30 point decline into a 45-point gain. Gold is also climbing and the US dollar is falling against commodity currencies.
Comment:
Fed cuts interest rates by 50 basis points in a first emergency move since the financial crisis!
Comment:
China president Xi: Virus control work shows positive signs
Comment:
54pips+
Comment:
That nearly smashed my second level @ 0.66664. US in trouble due to the outbreak of covid-19. DXY drops like hell and EURO lead against most of the currency at the end of this week. The probabilities for dollar rate cuts again are also creating some tension over greenback which helping its counterparts to take advantage over it at this point.
