Market News

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

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