RBA holds cash rate unchanged

The Reserve Bank of Australia held its monetary policy meeting last week. As widely expected, the central bank did not surprise as it left interest rates unchanged at 1.50% for 18 months in a row. The RBA said in its monetary policy statement that based on the available information, the board judged that keeping monetary policy unchanged at i...

2018-04-13 John Benjamin Read more
RRBA leaves monetary policy unchanged

Summary: RBA leaves interest rates unchanged at 1.50% Central bank expects wage pressures to build over time Unemployment rate expected to fall further leading to higher wage growth RBA expects GDP to grow at a faster pace in 2018 Fourth quarter GDP showed a 0.4% increase, slower than expected Annual GDP growth rate in 2017 w...

2018-04-10 John Benjamin Read more
Reservebankofaustalia

The Reserve Bank of Australia kept the key interest rate unchanged at 1.50% as widely expected. The RBA governor Philip Lowe noted that the low interest rate policy was accommodative to help the Australian economy to grow. The central bank lowered interest rates in May last year bringing it to a historic low of 1.50%. The central bank did ...

2018-01-25 John Benjamin Read more
Australian dollar

The Australian Dollar came under pressure overnight as the RBA kept rates on hold, as widely expected, noting that wage growth and retails sales remain subdued as does inflation, which continues to be weaker than expected. Governor Lowe said that “In underlying terms, inflations is likely to remain low for some time, reflecting the slow growth i...

2018-01-25 James Harte Read more
forex australia_RBA

Australian Q3 CPI Disappoints The Australian Dollar came under pressure over the Asian and European session on Wednesday following a downside surprise in the Q3 CPI reading. Headline inflation rose 0.6% quarter-on-quarter, undershooting expectations of a 0.8% rise. On a seasonally adjusted basis the headline reading increased 0.4%, unchanged fr...

2018-01-25 James Harte Read more
RBA

As the currency markets progress into the final weeks of July, the main highlights of the week include the FOMC meeting on Wednesday. The Fed is expected to keep monetary policy on hold. Investors are likely to focus on any forward guidance that will be issued by the Fed this week. Questions still remain on the pace of rate hikes as well the bal...

2017-07-26 John Benjamin Read more
RBA

A few weeks ago, we took a detailed look from a technical point of view at the two interesting pairs. We speculated the possible scenarios, based on the previous reactions and the potential catalysts, which could lead to the next move. Are Australia’s & New Zealand’s central banks intervening in FX market? The Aussie and the Kiwi did it on...

2017-07-26 Nour Eldeen Al-Hammoury Read more
RBA

Key Notes from The Statement As was widely expected, the RBA kept rates on hold at their July meeting. The tone of the meeting remained roughly neutral with a policy outlook identical to that of June, with the bank concluding that “holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the...

2017-07-26 James Harte Read more
Australia_RBA_2604

Central Bankers around the world managed to spike market volatility last week as they sent a clear message to the market about their future policies. It looks like the Central Bankers are on the same page once again. Most of them stated that the easy monetary policy era is coming to an end. This has led to a notable decline in global indices un...

2017-07-03 Nour Eldeen Al-Hammoury Read more
RBNZ_Kiwi

For the past year, there were two currencies which failed multiple times to break above key resistance areas, despite the fact that the US Dollar has been declining for the past six months. Those two currencies are the Aussie and the Kiwi against the US Dollar. Both currencies spent the last year well below key resistance areas, which raise som...

2017-07-26 Nour Eldeen Al-Hammoury Read more