Air of Caution on Kiwi as Doubts Over Stimulus Package Resurface
Kiwi being capped as hopes of a fiscal package in the United States ahead of the November elections to crumble once again.
on the other hand, Economists expect the RBA to cut the cash rate from 0.25 percent to 0.10 percent at the RBA’s next board meeting.
They also expect reductions to its three-year bond target rate and the term funding facility for banks. Additionally, there is speculation the RBA could start buying longer-term bonds to keep market interest low while pumping liquidity into the finance system.
and looking at the Wave Theory, we can see this clear ABC structure with A&B formed and I am anticipating another leg down till 0.64500.
Regards: WT specialist Baki.
hit the tumps up and comment below to further motivate me to post accurate trade setups.
on the other hand, Economists expect the RBA to cut the cash rate from 0.25 percent to 0.10 percent at the RBA’s next board meeting.
They also expect reductions to its three-year bond target rate and the term funding facility for banks. Additionally, there is speculation the RBA could start buying longer-term bonds to keep market interest low while pumping liquidity into the finance system.
and looking at the Wave Theory, we can see this clear ABC structure with A&B formed and I am anticipating another leg down till 0.64500.
Regards: WT specialist Baki.
hit the tumps up and comment below to further motivate me to post accurate trade setups.
Comment:
look for fresh sells
