In our weekly video Analysis, Ian Coleman will be looking at what is in store for the FX Majors in the coming week! With the RBA monetary policy meeting, and quarterly GDP figures for the AUD, as well as the CAD jobs report, its looking like a busy FX Week Ahead! [shortcode-variables slug="go2_tradeideas"]

2018-06-04 Ian Coleman Read more
Aussie Unemployment Rate Edges Higher

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 increase in full-time jobs. Overall, 22,600 net jobs were added during the month of April which beat forecasts o...

2018-05-23 John Benjamin Read more
Risks Around Housing And Wage Growth Concern RBA

During one of the quieter weeks of trading so far in 2018, the main news overnight was the release of the RBA’s May meeting minutes. While little was delivered in the way of new information, the minutes confirmed that the risks around housing and wage growth concern the RBA, who is striking a more cautious tone when compared against the last mee...

2018-05-15 James Harte 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
AUD Under Heavy Selling Pressure

AUD bulls were at last given some hope this week as Australian CPI finally reached the RBA’s 2% target. CPI for the March quarter rose 0.52% to mark an annual reading of 1.98%. This was well above the median forecast of 1.85% and well above the RBA’s own projection of 1.75%, forecast in February, expected to run through to mid-2019. AUD under he...

2018-04-25 James Harte Read more
RBA Minutes Show Board In Favour of Rate Rise

Meeting Minutes Bring Surprise With the RBA having kept rates unchanged for 18 consecutive policy meetings, marking the longest stretch that rates have remained static in the bank’s history, the release of the latest RBA meeting minutes were not expected to deliver any new information. However, the April RBA minutes show board in favour of Rate...

2018-04-19 James Harte Read more
RBA holds cash rate unchanged

The Reserve Bank of Australia held its monetary policy meeting last week. As widely expected, the central bank did not surprise as it left interest rates unchanged at 1.50% for 18 months in a row. The RBA said in its monetary policy statement that based on the available information, the board judged that keeping monetary policy unchanged at i...

2018-04-13 John Benjamin Read more
RRBA leaves monetary policy unchanged

Summary: RBA leaves interest rates unchanged at 1.50% Central bank expects wage pressures to build over time Unemployment rate expected to fall further leading to higher wage growth RBA expects GDP to grow at a faster pace in 2018 Fourth quarter GDP showed a 0.4% increase, slower than expected Annual GDP growth rate in 2017 w...

2018-04-10 John Benjamin Read more
RBA Keep Rates On Hold

Rates Unchanged The RBA keeps rates on hold at its March meeting this week, leaving rates unchanged at 1.50%, marking the 17th consecutive month of keeping rates unchanged, which is equal to the bank’s 22 year record. Rates have now been sitting at the record low of 1.5% since September 2016. The decision where the RBA keeps rates on hold itsel...

2018-03-23 James Harte Read more