Market News

We sense a palpable shift in sentiment towards the AUD, while downside risks certainly remain…

We sense a palpable shift in sentiment towards the AUD, while downside risks certainly remain, they are now likely contained by the already witnessed lows. The AUD had a very strong... » Read more

The strong unemployment data has…

The strong unemployment data has given the AUD a boost particularly in the crosses, however general risk off sentiment is limiting gains versus USD and the JPY. The best way... » Read more

The major theme in the FX market is the likely divergent directions….

The major theme in the FX market is the likely divergent directions of US and European monetary policies. This has already been expressed in EUR/USD move from 1.1500 to 1.0700... » Read more

RBA Rate Decision

The RBA left rates unchanged at 2.0%. AUD 0.7155  from 0.7175 prior to the decision. Statement: “Inflation outlook may afford scope for policy easing” » Read more

60% of economists polled by Bloomberg are….

60% of economists polled by Bloomberg are expecting the RBA to leave interest rates on hold on Tuesday, interestingly only the international banks are calling for a cut, with... » Read more

Federal Reserve indecision, weak US/global data..

Federal Reserve indecision, weak US/global data and potential superpower confrontations in the Middle East and South China Sea are apparently all good for risk assets, but bond and credit... » Read more

The AUD benefited from a broader risk rally,

The AUD benefited from a broader risk rally, which seemed mainly spurred by inaction and division with the Federal Reserve and the unwinding of some fairly extreme market positioning. There... » Read more

As widely expected the RBA left interest rates on hold at 2.00%

As widely expected the RBA left interest rates on hold at 2.00%.  AUD/USD has spiked 35pts to 0.7117 in response. At its meeting today, the Board decided to leave the... » Read more

We come in from the long weekend with risk appetite..

We come in from the long weekend with risk appetite very much back in vogue, however the market is pretty schizophrenic at the moment and a total inversion of... » Read more

Risk appetite remains very fragile despite..

Risk appetite remains very fragile despite relatively upbeat economic news from the US on Friday night; GDP for quarter two climbing to 3.9% and the PCE deflator edging to... » Read more