Latest Market News: 4th July 2023

It is not the governments of some of the usual suspects where the people are unhappy and want a change, but France. Germany is in recession with all of Europe soon to follow. How long can markets so bizarrely ignore such earth shattering developments?

RBA Leaves Rates Unchanged at 4.10%. Is there hope? The Reserve Bank of Australia has been remiss in missing the inflation tsunami in the first place, and then far too aggressively hiking rates subsequently.

The Independence Day holiday in the US means the week should start quietly in markets, but US data will soon attract the market's attention again now that a July Fed rate hike is a consensus view and there is also speculation about a move in September. I think the dollar can find some support this week.

Watch the video for the key trading levels for the week ahead for USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the EURUSD daily and 4-hour charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the AUDUSD weekly and daily charts.

RBA Holds Rates at 4.10% - An in-depth commentary by Clifford Bennett :

RBA Pause Rates, How Will this Impact the AUD? - By Luca dos Santos Lopes :

Tonight's?Free Webinar: 4th?June

How to Determine the Market Trend Across Multiple Time Frames

Tue, 7:00 PM SYDNEY TIME

During this webinar, Duncan Cooper will review 12 currency pairs, determine the key support and resistance trading levels for the week ahead, discuss his favourite risk to reward trading opportunities, and answer your trading questions.

Register through here: https://acy.com/en/education/webinars/.

Disclaimer: Trading involves risk.