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
australia inflation

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 core trimmed mean inflation rate, which is a measure of the core CPI and was seen rising at a pace of 1.9%...

2018-08-02 John Benjamin Read more
Australian Dollar_AUDUSD_2403

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 held steady as more people were seen looking for work. Data from the Australian Bureau of Statistics (ABS) ...

2018-07-26 John Benjamin Read more

 EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR long positioning continues to be steadily reduced as the market digests the ECB’s announcement at its last meeting that it will be winding down QE by year end but plans to keep rates unchanged ...

2018-07-09 James Harte Read more
central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more

This month, the RBA extended its longest ever streak of keeping rates unchanged, a move which was widely expected by the market. Last time around, the RBA confirmed that policymakers now all agree that the next move in rates will be higher but that timing was highly uncertain as there are still key risks remaining in the economy such as low wage...

2018-07-04 James Harte Read more

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