Preview is here
Preview is here
Services PMI comes in at a +1 improvement, but still in contraction territory (now for 22 consecutive months). We had the AIG Performance of Manufacturing for November on Monday, recording a very big drop. Employment sub index improves to 58.2 … Continue reading →
The overwhelming opinion in the market is there will be no change to cash rates at the RBA meeting tomorrow The announcement is at 2.30pm local time (0330GMT), along with the accompanying statement OIS markets has the probability of a … Continue reading →
AUD/USD has posted gains in Tuesday trading. Early in the North American session, the pair is trading in the low-0.94 range. The Australian dollar got a boost after the release of the RBA minutes, in which the Bank said that recent rate cuts were working. Later on Tuesday, Australian MI Leading Index will be released. Over in the US, it’s another […]
Board has not closed off possibility of easing further if needed See mounting evidence that past rate cuts supporting activity, asset values Impact of past easing to continue for some time, so prudent to hold rate steady Drop in mining … Continue reading →
I did a preview here. Everyone is expecting more dovish talk as the RBA attemtps to jawbone the AUD lower. AUD/USD is going into the release on its session lows (as of writing, at least) so i expect the market … Continue reading →
Aussie Dollar traded lower this morning following the release of RBA Monetary Policy Statement. In it RBA lowered 2014 growth forecast, citing reduced mining investments for reason of decline growth. High AUD is also another factor that was cited, with RBA saying that lower exchange rate likely needed to ensure stable growth. AUD/USD pushed to […]
The post AUD/USD – NFP Uncertainty Trumps Bearish RBA Statement appeared first on MarketPulse.
Has not closed off the possibility of further rate cuts if needed Sees evidence past cuts are working, effects still have further to run Mining investment likely to fall faster than previously thought, especially in 2014/15 High level of $A … Continue reading →
Latest Employment Data from Australia showed number of employed growing by 1.1K in the month of October versus an expected 10.0K. This itself would be a bearish enough reason to send AUD/USD scurrying lower, but the data beneath the headline figure is even more bearish. Full Time employment numbers have fallen by 27.9K, one of […]
The post AUD/USD – Bearish Floodgates Waiting To Open After Dismal Job Numbers appeared first on MarketPulse.
The Australian dollar has erased about half of its gains this week following a poor employment report. AUDUSD fell to 0.9485 from 0.9520 immediately after the data and it`s difficult to find any silver linings in the numbers. The pair … Continue reading →