Aussie rates decision inbound
Aussies may be in for a treat next week, as the RBA will present any adjustments to the cash rate on Tuesday at 2.30pm.
What could be welcome relief for many Australian’s, it could still be many months before any mortgage holders see any changes to their existing repayments. Based on average mortgages ($642,000), this could equate to around $130 per month in reduced interest costs. And while a reduction in rates is great for struggling families, it signals a clear movement towards stimulating the economy. With much media headlines talking to improving efficiency in Government organisations (and the private sector), it doesn’t take an economist to see that unemployment will look to increase through the year in both the US and Australia.
As the Tariff war continues to heat up globally, many have expected Western Markets to sink. Under the added pressure of potential higher cost-of-sale, the US500 and the ASX200 have counter intuitively risen to new highs (the ASX just hit 8614).
And beside all the noise of Trump, tariffs, rates and international turmoil – Gold continues to outperform. Just shy of hitting $US3000, Gold is setting the stage for a very interesting year.
Enjoy today’s charts and technical forecast.
Gold daily chart, with 200MDA
Silver daily chart, with 200MDA
US500, with 200MDA
ASX200, with 200MDA
Gold Futures Technical Analysis
Gold Futures monthly analysis continues to recommend a STRONG BUY with Weekly analysis a STRONG BUY signal.
Technical indicators – Monthly Projections
| RSI(14) | Overbought |
| STOCH(9,6) | Buy |
| STOCHRSI(14) | Overbought |
| MACD(12,26) | Buy |
| ADX(14) | Buy |
| Williams %R | Overbought |
| CCI(14) | Buy |
| ATR(14) | High Volatility |
| Highs/Lows(14) | Buy |
| Ultimate Oscillator | Buy |
| ROC | Buy |
| Bull/Bear Power(13) | Buy |
Summary for Monthly Forecast: Strong Buy
*Not financial advice, please DYOR prior to any investment decisions you make.
