Market News

It’s widely expected that Federal Reserve will commence…

It's widely expected that Federal Reserve will commence monetary tightening with a 25bps rate hike this week. However, it’s the accompanying statement that has the potential to cause the most... » Read more

The failure in the USD index above 100 created a technically important…

The failure in the USD index above 100 created a technically important double top pattern and caused a significant liquidation of USD long positions, however the market remains fairly... » Read more

We could be in for a volatile week, the recent moves in EUR/USD…

We could be in for a volatile week, the recent moves in EUR/USD (and both currencies more broadly) has largely been caused by the unexpected monetary policy divergence of... » Read more

We sense a palpable shift…

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. Read full Inside Track here. » Read more

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