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Forex & Equities: RBA on Hold; Session Ranges & Charts

Posted by Akhilesh Ganti on Apr 14, 2014 10:47:00 PM

RBA minutes from the April 1, 2014 monetary policy meeting were released today and, as expected, there were few surprises. The main thrust of this communique was that the board members were unanimous in reiterating that "the most prudent course was likely to be a period of stability in interest rates". They also stated that there was evidence that low rates were supporting domestic activity, particularly in the housing market and the pickup in consumer demand, but cautioned that the exchange rate "remained high by historical standards". 

Ranges:{WWM's New ALPHA Trader-DAILY charts [EUR, GBP, AUD, YEN, GOLD, OIL, DXY]}(click to enlarge)

FX 041514

Equities:{WWM's New ALPHA Trader-4 HOUR charts [Dow30, SP500, Nasdaq100, Japan225, China, Nifty50, FTSE100, ASX200]}(click to enlarge)

STOCKS 041514

 

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