News | Forex Optimum

News

News

RBA: QE to end in February despite Omicron – ANZ

Analysts at Australia and New Zealand (ANZ) banking group believe that the Reserve Bank of Australia (RBA) will bring an end to its quantitative easing (QE) program next month, despite the emergence of Omicron impact.

Key quotes

“We think the improvement in the RBA’s medium-term economic outlook and the more hawkish stance of the US Fed will lead it to end QE in February. “

“The fact that the RBA sees weekly bond purchases as additional support is critical to this decision.”

“Reflecting the risks to the outlook posed by Omicron, we think the RBA will defer for a few months the decision on whether to start quantitative tightening, ie whether to reinvest the proceeds of maturing bonds.”

You may also be interested:

22:50 18.01.2022
Forex Today: Dollar rallies again with soaring Treasury yields
What you need to know on Wednesday, January 19: The American dollar is the overall winner, up against all of its major rivals. US Treasury yields soared to levels last seen in February 2022, with the yield on the 10-year note reaching 1.856% and that on the 2-year note surpassing 1%.  Stocks edged lower, with global indexes ending the day in the red. The EUR/USD pair is currently trading at around 1.1420, despite an encouraging German ZEW survey, showing a sharp bounce in Economic
21:51 18.01.2022
Gold Price Forecast: Bulls move in for the kill at the 200-hour MA
Gold bulls are stepping in and accumulation following the hourly bearish impulse is in play. US dollar remains firm but US 2-year yields are topping out. A correction to $1,818 is eyed for the sessions ahead.  At $1,813.56, gold, XAU/USD, is attempting to correct the New York session's sell-off from $1,820 and has eyes to $1,1818 within an otherwise bullish trend as determined by the 200 moving average. The US dollar strength has, until now, undermined the performance of the bulls
21:14 18.01.2022
GBP/USD drops into daily support structure in session lows
GBP/USD sinks into critical demand territory as the dollar finds demand on a spike in US yields.  A break below 1.3530 opens risk to the January 3 low a cent lower near 1.3430. At 1.3574, GBP/USD has fallen some 0.51% on Tuesday from a high of 1.3661 to a fresh low of 1.3573. The surge in US Treasury yields has lifted the US dollar out of the doldrums while UK politics weighs on the tainted British currency as well.  Firstly, benchmark US Treasury yields jumped to
Deposit
options
Trading
platform
download
Bonuses VIP