Australian Economy

The AUDUSD has been trending higher for about a month at this point, but a substantial amount of that could be attributed to events outside of Australia. The latest data releases give reasons to expect a stronger Aussie, but the actions…
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Normally, higher rates would be seen as good for the banking sector. So there is understandably some concern about the financial markets since Australian banking shares are down considerably despite a broad consensus that the RBA will raise…
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Global markets have returned to the downward trend, helped by a series of disappointing data over the last week. Although so far today there is apparently an attempt at a rally, that is likely more technical, related to the end of the…
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After a week in which a dozen central banks around the world either tightened policy or resorted to currency intervention, the focus is now on the economy. Just how much of the move was priced in, and how much will economic growth be…
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Jobs figures are back in focus in Australia following some interesting comments from RBA Governor Lowe a few days back. Of course the RBA doesn't care about the employment situation directly. But the theory is that jobs support consumer…
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Thursday is expected to be one of the most active days of the week, with a host of economic data expected through the day. What could be the broadest reach in the forex market is the latest PMI figures from around the globe. With the world…
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For traders looking to see where the markets might be headed for the rest of the month, tomorrow's data might be the sentiment catalyst. PMIs are the freshest data, and they are especially relevant now as investors grade the impact of…
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Inflation figures in Australia tend to have a somewhat outside impact. The country is somewhat unique in only reporting CPI changes once a quarter. Normally, when there isn't much fluctuation in inflation. That isn't much of a problem, but…
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The RBA meets tomorrow to decide what to do with interest rates. And, once again, there is considerable uncertainty over how much the rate hike will be. A survey of Australian economists found that 91% expected a rate hike this time around.…
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With the supply chain issues and rising raw materials costs, we can expect a lot of attention on the latest PMI figures from around the globe. Typically, they set the tone for the markets for the next couple of days. Here are some of the…
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