central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more
Aussie Unemployment Rate Edges Higher

The Aussie unemployment rate edges higher as it's seen rising to a nine month high in April at 5.6% from data provided by the Australian bureau of statistics last week. The number of people employed beat expectations and grew on an increase in full-time jobs. Overall, 22,600 net jobs were added during the month of April which beat forecasts o...

2018-05-23 John Benjamin Read more
Australia consumer prices subdued in Q1

Australia consumer prices subdued in Q1 with core inflation staying below the Reserve Bank of Australia's inflation target. The soft print on inflation increases the expectations that the RBA could see interest rates going nowhere for a considerable amount of time. Data from the Australian Bureau of Statistics showed that consumer prices rose...

2018-05-04 John Benjamin Read more
AUD Under Heavy Selling Pressure

AUD bulls were at last given some hope this week as Australian CPI finally reached the RBA’s 2% target. CPI for the March quarter rose 0.52% to mark an annual reading of 1.98%. This was well above the median forecast of 1.85% and well above the RBA’s own projection of 1.75%, forecast in February, expected to run through to mid-2019. AUD under he...

2018-04-25 James Harte 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
Australian CPI came in below expected over the 2Q printing 1.9% year over year, well beneath the 2.2% level forecast. Despite the decline underlying measures of inflation, which the RBA focus on, were in line with expectations at 0.5% quarter over quarter.

CPI Falls Back over 2Q Australian CPI came in below expected over the 2Q printing 1.9% year over year, well beneath the 2.2% level forecast. Despite the decline underlying measures of inflation, which the RBA focus on, were in line with expectations at 0.5% quarter over quarter. However, annual underlying inflation remains below the bank’s 2%-3...

2017-07-26 James Harte Read more
Trump trade resitrictions_1107

Trade Tariffs Take A Backseat So Far Over the course of Trump’s presidential campaign, his proposed trade restrictions were a key focal point, and risk sentiment suffered as a result of the uncertainty linked to the issue. However, at the start of the second half of the year, it appears that investors are currently attaching little risk to the ...

2017-07-26 James Harte 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