Forex Flash: No barrier to further RBA easing - NAB

FXstreet.com (Barcelona) - After the Private Sector Credit data out of Australian published earlier today, which stood at 0.2% and 3.2% MoM and YoY in March, and classified as soft by NAB, "rising at low single digit rates, not far from nominal GDP growth" the bank says, "there is no barrier to further RBA monetary policy easing in months ahead" NAB adds. June is the month when NAB expects the next cut, "but May (next week) not out of the question depending on near term data flow" NAB concludes.

Apr 30, 2013

Forex: GBP/JPY finishes slightly lower as recent consolidation continues

The GBP/JPY traded in a narrow range, closing the day down 12 pips at 151.51. Japan released Industrial Production and recent Unemployment rate figures earlier in the session but the effect was minimal. Currently the pair is slightly higher, up 7 pips at 151.58. The pair has been consolidating on the daily chart over past week with neither side being able to establish enough of a move to set the next major trend.

Forex Flash: Sterling finding high end of its new lower range - RBS

After the losses accumulated during Q1, the Sterling has been able to recover some decent ground following the upbeat GDP data from last week, in which the UK avoided a triple dip recession.