04.02.2014 - The Australian dollar has risen sharply

The Reserve Bank of Australia has left interest rates unchanged at 2.50%. It should be noted that the head of the RBA Glenn Stevens stressed that further interest rate cuts are not expected in the near future. It was noted that balanced growth is expected in Australia. The rise of inflation in the fourth quarter of 2013 to 2.7% compared with the same period last year leaves fewer options for monetary policy easing. Despite this we maintain a long term negative outlook on quotations of AUD/USD.

Now the price is consolidating near the level 0.89 and can go up to 0.90. In this case we recommend opening short positions with the target price near the lower boundary of the local downstream channel.

Wish you the profits!

FXFINPRO Capital Analytical department.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.