Market News

Last week was the perfect storm of bad news for AUD…The Inside Track

Last week was a perfect storm of bad news for the AUD, Chinese manufacturing data disappointed, commodity prices were whacked, and lower than expected inflation. The immediate prognosis for the... » Read more

AUD is likely to receive direction from….The Inside Track

There is little data of significance out this week and thus AUD is likely to receive direction from commodity markets and fluctuating sentiment towards China. The RBNZ meet on... » Read more

Greek referendum appears to have been a waste of time…The Inside Track

The Greek referendum appears to have largely been a waste of time, as Greece descends into the economic mire and Tsipras is forced to accept the austerity measures he... » Read more

RBA Monetary Policy Meeting

RBA official cash rate unchanged at 2%. Post-decision statement: Financial conditions to inform policy Inflation consistent with target next 1-2 years Further AUD depreciation seems likely and necessary Policy needs to be accommodative AUDUSD steady... » Read more

Risk off was the major trading theme through the weekend…The Inside Track

Risk off was the major trading theme through the weekend, as the Greek people voted 'no' to the demands of their creditors and Chinese stock markets remained in free... » Read more

The return of volatility and the repricing of risk….The Inside Track

The return of volatility and the repricing of risk are likely to be major themes this week. In periods of risk aversion the AUD is often a victim, particularly... » Read more

There have been significant outflows from the Greek banking system….The Inside Track

There have been significant outflows from the Greek banking system in recent days, which will likely give rise to a requirement to draw on the ECB’s Emergency Liquidity Assistance... » Read more

There is little domestic data this week…The Inside Track

There is little domestic data this week with RBA Assistant Governor Debelle speaking and the last meeting minutes due tomorrow.  » Read more

AUD pairs are trading within the established ranges of the last 6 months…The Inside Track

Most AUD pairs are currently trading within the now established ranges of the last six months. The market’s uncertainty over the future monetary policy of many central banks is keeping... » Read more

RBA leave official rate unchanged at 2.00%

From statement: Inflation consistent with target 1-2 years Monetary policy needs to be accommodative Household spending improved Large rise in dwelling construction Economy growing but below trend Further AUD depreciation likely/necessary » Read more