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
RBA minutes

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
AUDUSD - Daily Chart, 05/05/2015

The Reserve Bank of Australia, in its policy setting meeting today decided to cut interest rates by 2%. Today's policy decision see's the RBA cut rates by 25bps from 2.25% previously, bringing the overnight cash rate to 2%. In its monetary policy meeting, which was rather short, the RBA noted that although the global economy was expanding at ...

2015-05-06 John Benjamin Read more
rba 040415

The RBA meets on Tuesday, the 5th of May 2015 for its policy setting meeting. In all likelihood, this policy meeting could turn out to be a very close call once again. The consensus has been inclined towards a rate cut at this meeting, a sentiment that has been echoed since the February 2015 rate cut. The subsequent policy meetings turned out wi...

2015-05-08 John Benjamin Read more
Weekly Forex Forecast 13 Apr

Weekly Forex Forecast for 13-17 April 2015 features the following: The currency markets saw a roller coaster ride this week as most of the majors shifted their bias. The Euro, which was looking stronger last week turned around to be the most weakest currency this week, while the British Pound is starting to look like it is about to embark on ...

2015-04-15 Orbex Read more