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[b]Forex Technical & Market Analysis FXCC Jul 30 2013

RBA Stevens speech recap: Still some scope to ease after last CPI

Governor of the RBA, Glenn Stevens, is giving his annual speech to The Anika Foundation Luncheon in Sydney, and some explosive comments are now crossing the wires. The topic of the speech is current issues in economic policy. According to RBA's Stevens, long rise in mining investment is now over, saying that coming fall could be "quite big". Stevens said that easing is working to shift investors to taking some more risk, adding that shift in risk taking not yet a serious impediment to further policy easing. Stevens remained dovish on his tone, saying that "still has some scope to ease after inflation data." On the Aussie value, Stevens wouldn't be surprised if it falls further, as "the fall makes economic sense."


FOREX ECONOMIC CALENDAR :
2013-07-30 09:00 GMT | EMU. Consumer Confidence (Jul)
2013-07-30 12:00 GMT | Germany. Consumer Price Index (YoY)
2013-07-30 14:00 GMT | US. Consumer Confidence (Jul)
2013-07-30 23:13 GMT | Japan. Nomura/ JMMA Manufacturing Purchasing Manager Index (Jul)

FOREX NEWS :
2013-07-30 05:38 GMT | AUD/JPY slashes below key support at 89.39 on Stevens comments
2013-07-30 05:05 GMT | AUD/USD craters below recent trading range on Stevens