Market News

The problem with ultra-loose monetary policy….The Inside Track

The problem with ultra-loose monetary policy is that the transmission effect is only very narrow, in that in reality only large institutions and already wealthy individuals benefit from it... » Read more

A modicum of stability from Chinese equity indices…The Inside Track

A modicum of stability from Chinese equity indices, far from convincingly strong US economic data and a solid AU employment release allowed the AUD to bounce off the lows... » Read more

Domestic Australian data added to the AUD plight last week…The Inside Track

Domestic Australian data added to the AUD plight last week; with  GDP only posting a 0.2% gain, retail sales contracting by 0.1% and the current account deficit ballooning to... » Read more

RBA left the official cash rate unchanged at 2.00%

AUD currently 0.7145  vs. 0.7130  immediately prior to the announcement RBA statement: AUD adjusting  to significant declines in commodity prices Monetary policy needs to be accommodative Read full statement  » Read more

What a week! The S&P500 was down…The Inside Track

What a week! The S&P500 was down over 12% for the week at its worst, recovering to close the week down marginally over 5%! The spikes in risk aversion... » Read more

AUD/USD Alert

AUD/USD Alert Long term downside targets largely achieved. Read more    » Read more

The dominant market theme is a huge sell off in…The Inside Track

The dominant market theme is a huge sell off in risk assets, driven by concerns over broader economic impact of a Chinese slowdown. The USD is also under pressure as... » Read more

The PBoC explain their dramatic lowering of fixing…The Inside Track

The PBoC have explained their dramatic lowering of the fixing, as attempt to realign onshore exchange rates with the market driven offshore (CNH) rates. CNH has consistently been trading... » Read more

RBA reference the relative strength of AUD…The inside track

The change in tone by the RBA with reference to relative strength of the AUD was a major development last week, this implies that Governor Glenn Steven’s has largely... » Read more

US rate hike….The Inside Track

Last week’s Federal Reserve monetary policy meeting offered nothing new as to the potential timing of the first US rate hike in 9 years, with December generally considered the... » Read more