At its Aug.4 policy meeting, the Reserve Bank of Australia (RBA) held its cash rate at a record low of 0.25% in an expected decision. It slashed rates in an emergency meeting in March. Australia's central bank does not need to further ease policy for now as its package of measures was working broadly as [...]
In US, Lawmakers from both the House of Representatives and the Senate have largely returned to their home states for August recess, according to a report. As such, the much-anticipated stimulus is likely to remain elusive at least until September, when lawmakers will return to work. “We will have our regular pro forma meetings through [...]
Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but it made a bounce back at the end of the week. The recent update that China’s ministry of commerce has announced the initial launch of the country’s digital currency in selected cities. The cities that have been selected [...]
Fundamental view: The British pound pulled back a bit in the week initially and bounced back to form a bullish rally. US JOLTS Job Openings on 11th Aug and US Core PPI monthly report on 11th Aug created a bearish trend for the pair whereas Unemployment Rate on 11th Aug and Prelim GDP quarterly report [...]
