Australian Economy

Consumer prices in Australia were seen rising at a subdued pace in the last three months - ending June 2018. The data underpinned the fact that Australia's Central Bank could continue extending its rate pause for a third year. The annual…
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Employment in Australia was seen rising sharply in the month of June. The increase in the employment came as businesses were seen taking on more full-time workers. Offsetting the gains in the employment, the Australian unemployment rate…
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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…
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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…
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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…
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The week ahead will see a fresh set of economic data for the month of June. The economic releases coming out this week include the manufacturing PMI data from China, the UK, US, and the eurozone. Later in the week, the FOMC meeting…
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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…
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It's only the beginning of the week and despite the fact that there are only few key economic releases this week, yet, credit rating agencies decided to spice the things up at the beginning of the week. Earlier this morning Moody’s…
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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…
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The Australian dollar was seen re-testing the familiar 0.7680 resistance level after prices previously pulled back falling to a 7-week low. The price action near 0.7680 remains critical as AUDUSD has chalked out a symmetrical triangle…
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