Welcome back to another episode of ACY Cast! Today, we're delighted to have Nathan with us once again. His presence is always a treat, considering how busy he is on the trading floor. As usual, our goal is to share our knowledge and insights to help traders navigate the complex forex market. Gold and the Australian Dollar In this episode, we're focusing on two significant topics: gold and the Australian dollar. These assets have been in the spotlight recently due to some intriguing developments. We've observed some notable news from the Reserve Bank of Australia (RBA). Reports suggest that the RBA won't cut rates until December 2025. This announcement has sparked various reactions, particularly given the RBA's track record of past statements that haven't always materialized as expected.

Reflecting on 2023, there were discussions about the market pricing in multiple rate cuts by the Federal Reserve, which didn't happen. This raises questions about the credibility and reliability of such projections. The key takeaway here is the uncertainty and the need for traders to critically assess information rather than taking it at face value. Rate Cuts: Who Will Blink First? The conversation shifted to a broader context: the global rate-cutting environment. We pondered who might be the first major economy to blink and initiate rate cuts. While the Federal Reserve's stance remains pivotal, the European Central Bank (ECB) and other entities like the Bank of Japan are also in focus. Recent data, such as the German CPI, indicated rising inflation, which contradicts the notion of imminent rate cuts. Despite artificial measures to temper inflation, the underlying pressures remain strong. This situation complicates the landscape for traders, who must navigate through the noise to identify genuine trends and opportunities. From a technical perspective, the Australian dollar has experienced a significant drop against the US dollar, moving from 0.67 to 0.6566. This 1% drop in a week highlights the volatility and the influence of market sentiment on currency pairs. Foreign exchange and derivatives trading carries significant risk and is not suitable for all investors. You do not own, or have any interest in, the underlying assets. Before you decide to trade foreign exchange and derivatives, we encourage you to consider your investment objectives, your risk tolerance and trading experience. ACY Securities Pty Ltd (AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. You should consider if you are part of our Target Market by reviewing our TMD and read our FSG and PDS to ensure you fully understand the risks. The content of this presentation must not be construed as personal advice and the information in this presentation is prepared without considering your objectives, financial situation or needs; please seek advice from an independent financial or tax advisor if you have any questions. ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses. ACY Capital LLC ('ACY LLC'), ACY LLC is incorporated in St Vincent and the Grenadines (Company number: 2610 LLC 2022). Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. © 2018 - 2024 ACY Securities is a brand name of ACY AU and ACY LLC, ACY Securities Pty Ltd. All rights Reserved.