Tuesday, February 3, 2015

RBA Surprises, but Choppy Conditions Persisting in USD-Majors




Talking Points:


- AUDUSD bucked by RBA cutting rates to record lows.


- EURUSD and GBPUSD stuck in ‘no man’s land’ in consolidations.


- See the DailyFX Economic Calendar for Tuesday, February 3, 2015.


15 central banks have embarked on dovish action this year – not a good sign for the global economy. See the above video from technical considerations in EURUSD, GBPUSD, and AUDUSD.



Read more: EUR/USD Daily 8-EMA, EUR/GBP Daily 13-EMA Trends in Focus Today



— Written by Christopher Vecchio, Currency Strategist



To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com



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RBA Surprises, but Choppy Conditions Persisting in USD-Majors

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