The RBA meeting minutes released overnight struck a mostly positive tone with little in the way of significant changes to the bank’s outlook. The bank once again highlighted above-trend growth, a declining unemployment rate and gradual improvement in wage growth. Furthermore, the minutes show that the bank is comfortable with recent developments...

2018-09-18 James Harte Read more
rba australia

The RBA kept rates on hold overnight, as was widely expected in the wake of banks such as Westpac and Suncorp deciding to independently raise their mortgage rates and economic data continuing to highlight weakness in the domestic economy. Heading into the meeting, the pricing of a rate hike was virtually zero and indeed, pricing for an eventual ...

2018-09-04 James Harte Read more

The Australian central bank released its meeting minutes last week. As widely expected, the minutes did not reveal any new information for the market participants. The Reserve Bank of Australia reiterated that it had no plans to adjust the monetary policy in the near term. The meeting minutes covering the August RBA meeting was released on Tu...

2018-08-28 John Benjamin Read more
technical analysis 16th august

Daily Forex Market Preview, 16/08/2018 The U.S. dollar was seen trading a bit subdued on Wednesday. However, price action was seen staying firm for the most part. Economic data over the day saw the Australia wage price index. For the second quarter, wages grew at a pace of 0.6% matching estimates. In the UK, inflation was seen rising for the...

2018-08-16 John Benjamin Read more
May RBA SoMP

Reserve Bank Australia May Meeting Review Following the delivery of the May RBA SoMP report on Thursday, following the bank’s May meeting earlier last week which, as expected, saw rates kept unchanged at record lows of 1.5%.The meeting was fairly uneventful with the bank’s accompanying statement mostly unchanged from April, concluding that: ...

2018-05-07 James Harte Read more

The Reserve Bank of Australia is due to meet early tomorrow for its monthly monetary policy review. The decision for the interest rates at tomorrow's meeting is likely to be a very close call as recent inflation numbers could see the RBA board divided between taking a pre-emptive rate cut measure or follow a wait-and-watch approach. Althoug...

2015-11-03 John Benjamin Read more
Weekly Forex Forecast: 15 – 19 December

RBNZ Cuts OCR rate by 25bps to 3.25% The Reserve Bank of New Zealand, in its monthly monetary policy preview cut the benchmark interest rates by 25bps from 3.5% to 3.25%. The cut in interest rates was based on low inflationary pressures and continuation of a weaker demand in commodity prices. The rate cut was not entirely a surprise for th...

2015-06-15 John Benjamin Read more

The Australian dollar was a bit volatile in today's Asian trading session as the RBA released its monetary policy meeting minutes. The Aussie retreated from its previous highs above 0.8 psychological round number levels as the US Dollar was seen paring some of its losses from early last week across the board. Most of the USD cross currencies, in...

2015-05-20 John Benjamin Read more
Gold & Silver Technical Update

The precious metals markets has been particularly choppy for the past few weeks with price action showing that Gold and Silver futures have been trading within a broad range with no clear direction in sight, despite the broader weakness in the US Dollar Index. However, if we consider the recent rout in the Bond markets and the shift in the marke...

2015-05-15 John Benjamin Read more
Canada

Key Notes: Australia AIG services index 49.7 vs. 50.2 previously Australia trade balance -1.32bn vs. -0.98bn RBA cash rate 2% as expected Spain unemployment change -118.9k vs. -64.8k UK Construction PMI 54.2 vs. 57.6 EU economic forecasts Eurozone PPI m/m 0.2% Canada trade balance -3bn bn vs. -0.8bn US trade balance -51.4bn v...

2015-05-05 John Benjamin Read more