6 May 2014
GBP/AUD awaits the central banks; RBA up first
FXStreet (Guatemala) - GBP/AUD is trading at 1.8169, down -0.09% on the day, having posted a daily high at 1.8195 and low at 1.8165
GBP/AUD has the RBA to contend with coming up, and while markets are not expecting any changes, the post decision press release that is given with the rate decision will likely allude to any possible adjustments to the outlook from The RBA’s that will release its Statement on Monetary Policy which will arrive next week. Then, for the BoE on Thursday, a rate hike in the spring of 2015 is fully priced in, noted analysts at Rabobank. “But the minutes of the April meeting suggested there’s a divergence of views among the MPC’s members regarding the amount of slack in the UK labour market. However, the gist of that discussion will only be known to the public when the Bank releases its minutes in two weeks”.
GBP/USD Levels
With spot trading at 1.8171, we can see next resistance ahead at 1.8179 (Weekly Classic PP), 1.8188 (Daily Open), 1.8188 (Hourly 100 SMA), 1.8191 (Hourly 20 EMA) and 1.8195 (Daily High). Support below can be found at 1.8170 (Yesterday's Low), 1.8165 (Daily Low), 1.8157 (Daily Classic S1), 1.8156 (Hourly 200 SMA) and 1.8155 (Weekly Low).
GBP/AUD has the RBA to contend with coming up, and while markets are not expecting any changes, the post decision press release that is given with the rate decision will likely allude to any possible adjustments to the outlook from The RBA’s that will release its Statement on Monetary Policy which will arrive next week. Then, for the BoE on Thursday, a rate hike in the spring of 2015 is fully priced in, noted analysts at Rabobank. “But the minutes of the April meeting suggested there’s a divergence of views among the MPC’s members regarding the amount of slack in the UK labour market. However, the gist of that discussion will only be known to the public when the Bank releases its minutes in two weeks”.
GBP/USD Levels
With spot trading at 1.8171, we can see next resistance ahead at 1.8179 (Weekly Classic PP), 1.8188 (Daily Open), 1.8188 (Hourly 100 SMA), 1.8191 (Hourly 20 EMA) and 1.8195 (Daily High). Support below can be found at 1.8170 (Yesterday's Low), 1.8165 (Daily Low), 1.8157 (Daily Classic S1), 1.8156 (Hourly 200 SMA) and 1.8155 (Weekly Low).