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Wednesday, 27 August 16:57 (GMT -05:00)


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Foreign exchange market

CBA Downgrades AUDUSD Forecast


 

 

Commonwealth Bank of Australia (CBA) has recently downgraded its forecast for the Australian dollar exchange rate. The analysts of Australia’s biggest commercial bank expect the public spending to be cut down to 364.2 million dollars. This will be the first spending cut in more than 40 years.
 

 

 

 

 

 

The implementation of the new program aimed at reaching a 1.54b surplus will affect Australia’s economic growth. Consequently, the RBA will have to cut interest rates in order to stimulate the economy. This will weaken the Australian currency.
 
The CBA analysts expect AUDUSD to decline down to 0.9800 by mid 2012 and to recover up to 1.0500 by late 2012.
 
According to Masterforex-V Academy, the Australian Dollar keeps losing value against its US counterpart. AUDUSD is currently forming wave А(С) or shortened С inside the bearish wave А(С)/С of wave level Daily. The closest major levels of support are 0.9983, 0.9947, 0.9912. The current downswing will be completed once the price breaks and consolidates above 1.0142 (as shown below):

 

 

 

 

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“Panteon-Finance”: 20% for 2 weeks – profitability of “Arena of Investors” in August

 

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Publication date: 26 August 09:42 PM

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Publication date: 26 August 03:15 PM

EURUSD: Euro Drops To 1,3190

 

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Publication date: 26 August 01:45 PM

Forex Trend’s PAMM Investors Gain Up To 9% A Week On Average

 

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AAPL: Apple iPhone 6 Will Cost Over 750 Euros in Europe

 

According to MovilZona (a Spanish web source) with reference to Telefonica, Apple's new mobile device named iPhone 6 is going to come out soon. The smartphone will get a 4.7-inch touchscreen. The source also reports that the price of iPhone6 with the smallest amount of RAM will cost 750 euros in Spain . The price of the 5,5-inch model will cost 950 euros.
Publication date: 26 August 07:10 AM

Fort Financial Services: Choosing a Reputable and Licensed Forex Broker

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Publication date: 26 August 06:05 AM

EURUSD: Euro Goes Down To 1.3185 Against Dollar

 

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Publication date: 25 August 08:00 AM

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Publication date: 25 August 04:54 AM

NordFX: Leading Providers of Forex Signals Get 110% per Annum in July

 

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Alpari Launches New ECN Accounts

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