Forex Flash: RBA June cut looking good, risk will occur in May - NAB

FXstreet.com (Barcelona) - After the contained CPI levels in Australia published earlier today, NAB concludes that "we still expect the RBA to cut twice by 25bps by the end of the year, with our June call looking good at the moment for the first one, and a risk it will occur in May" said senior bank economist Robert Henderson.

Apr 24, 2013

Forex: EUR/USD pressured by German PMI data, German IFO on tap next

After holding the 1.3000 support pivot numerous times over the past two weeks, the pivot finally gave way as weak German PMI data (47.9 actual vs. 49.1 estimates) fueled more talk of possible ECB rate cuts in the coming months. Although the pair did close below the 1.3000 level, some analysts found the lack of follow through to the downside impressive and believe the key will be to see how it reacts to data in coming sessions. The main report due out today will be the German IFO which is released at 8:00 GMT.

Forex: EUR/USD trapped around 1.3000

The single currency is trading in a consolidation pattern around the key mark at 1.3000 on Wednesday, ahead of the German IFO series due later. Market consensus expects all of the components to ease a tad in April, following...