Market News

AUD broadly took a step back through late trading last week…

The AUD broadly took a step back through late trading last week testing recent lows against the NZD and EUR. There is no significant data from Australia this week, and... » Read more

The AUD Ascent Slows

The AUD rallied initially on weak US data on Friday evening, however was sold off on risk aversion in late trade, opening this morning almost 100 points off the... » Read more

Friday’s US employment report was encouraging…

We still are relatively bullish the USD over the medium term, on the proviso that Donald Trump is kept out of the White House. Friday’s US employment report was encouraging... » Read more

The RBA Have Cut Interest Rates By 0.25% To 1.50%…

The RBA have cut interest rates by 0.25% to 1.50%. The AUD is marginally lower in response at 0.7511. Full Statement  At its meeting today, the Board decided to lower the... » Read more

USD hit a brick wall on Friday following the GDP miss…

The recent recovery in the USD hit a brick wall on Friday following the GDP miss and market disappointment in BoJ policy action. The USD Index found support around 95.20... » Read more

EUR is starting to look fairly sick…

The recent recovery in the USD is also being accompanied by a pullback in commodity prices, which is in turn applying pressure to the AUD.   The EUR is starting... » Read more

Attempted Coup in Turkey resulted in demand for the Greenback

The attempted Coup in Turkey resulted in demand for the Greenback, and concerns that the Nice attacks will support Marianne Le Pen’s National Front election hopes to put pressure... » Read more

UK Prime Minister Will Be Theresa May…

Theresa May looks set to become the new Prime Minister of the United Kingdom after her only challenger (Andrea Leadsom) dropped out the two-horse race. Sterling and stocks rallied... » Read more

Bank of England are expected to cut interest rates to 0.25%…

The AUD rallied on a general rally in risk appetite on Friday following the strong Non-Farm Payrolls release. We remain concerned that liquidity fuelled asset prices will ultimately come... » Read more

RBA left rates on hold at 1.75% as expected today.

RBA left rates on hold at 1.75% as expected today. However, left the door open to monetary policy adjustments as more information comes to light. Perhaps key is that... » Read more