RBA to cut rates 4 times by mid-2020 – JP Morgan

The analysts at JP Morgan are out with their forecasts on the Reserve Bank of Australia’s (RBA) rate cuts over the next two years.

Key Quotes:

Forecast the cash rate to 1% by the end of Q3 2019.

See it at 0.5% by the middle of next year.

 See the cuts starting at the June 4 meeting.

GBP/JPY technical analysis: Break of 138.65 confirms falling wedge on hourly chart

Although GBP/JPY traders near the lowest levels since mid-January, short-term falling wedge favors brighter chances of its run-up if confirmed.
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USD/CHF technical analysis: Failure to cross immediate resistance signals return of 1.0000

With a downward sloping trend-line since May 10 portraying the USD/CHF pair’s weakness, chances of witnessing parity level back on the chart are high.
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