fx week ahead

After a rather volatile week, especially since Wednesday and the continued narrative of the Italian political crisis, the week ahead will see investors turning their attention back to the fundamentals. The U.S. dollar takes a back seat this week with no major market moving events lined up. A big week is in store for the Australian dollar whic...

2018-06-04 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_AUDUSD_2403

Summary: Australia quarterly GDP expands 0.3% and 1.1% annually The economy marks 25 years of growth without dipping into recession Household consumption was the major driver of the GDP despite subdued wage growth GDP data comes a few days after the RBA monetary policy meeting where interest rates were left unchanged The first...

2017-07-26 John Benjamin Read more
Theresa May_Brexit

The U.S. dollar takes a backseat this coming week with most of the action moving across the pond. While the ECB's monetary policy decision will keep traders busy with the euro, the UK elections are also scheduled for the same day. With the election race heating up, it goes without saying that all roads lead to the EURGBP currency pair this wee...

2017-07-26 John Benjamin Read more
Trump_Trade Tariff

The week ahead will be busy with lots of Tier I data coming out as the markets move into a new trading month. Dominating headlines will be the president Trump's address to Congress alongside Janet Yellen's speech that is scheduled for on Friday. Elsewhere, the Eurozone flash inflation figures will be coming up while Australia reports the GDP fig...

2017-02-27 John Benjamin Read more
RBA Webinar_0512

December is offering some of the best trading opportunities, are you ready to seize them? Orbex is holding a special event trading webinar to review possible scenarios of the upcoming Reserve Bank of Australia (RBA) rate decision and give you fresh trading ideas for AUD crosses. Join for FREE! What should you expect? Nour Al-Hammoury, the wor...

2016-12-19 Nour Eldeen Al-Hammoury Read more
China Inflation

The currency markets opened on Monday on a quiet note with most of the trading confined to the Asian and European sessions. The US and Canadian markets were closed on Monday. Economic data during the day was confined to the services PMI across various economies. In the Eurozone, the composite PMI fell to a 19-month low at 52.9 and falling below ...

2016-09-09 John Benjamin Read more
Australia_aussie

Market Summary Australia GDP expands 0.50% q/q in Q2 2016 Australia GDP marks a record 25 years without a recession German industrial production falls more than expected Swiss currency reserves rise 627bn, more than expected UK industrial production rises modestly, but manufacturing falls Swedish Riksbank holds interest rat...

2016-09-07 John Benjamin Read more
Australia_aussie

OPEC leaders met in Vienna this week for the bi-annual meeting but despite the buzz, leaders of the oil producing nations failed to reach any conclusive agreement on ceiling production. Oil prices did not react much which also saw the weekly US crude oil inventories posting a lesser than expected draw-down on inventory. Elsewhere, economic data ...

2016-06-03 John Benjamin Read more
Australian Dollar_AUD

Australian first quarter GDP beat estimates, rising 1.10% on the quarter with the year over year GDP recorded at 3.10%. UK manufacturing PMI rebounds in May, rising back above 50 and US ISM Manufacturing PMI expands to 51.3 in May. Today’s Economic events Australia AIG Manufacturing Index 51.0 vs. 53.4 Japan capital spending q/y 4.20% v...

2016-06-01 John Benjamin Read more