Market News

The RBA kept rates unchanged at 1.75%…

The RBA kept rates unchanged at 1.75%, stating that the current rate is consistent with CPI returning to target.  FX rate up to 0.7415 from 0.7375 prior to announcement.  FULL... » Read more

Major markets in some turmoil now regarding US interest rates and USD direction…

Friday’s Non-farm Payrolls (+38k vs. expected +160K) hugely undershot market expectations and sparked a sharp reappraisal of US Federal Reserve rate hike expectations; the market looks well justified for not... » Read more

Reserve rate hike speculation again this week…

Global markets look set to be dominated by US Federal Reserve rate hike speculation again this week, as Fed Chair Yellen remarks over the weekend kept the door open... » Read more

AUD pairs still appear to have further downside risk on the horizon..

Most AUD pairs still appear to have further downside risk on the horizon in the coming sessions. There is little local data of note this week, however both Glenn Stevens... » Read more

Greenback turned after it bounced off key support (92.00) in the USD Index..

The fortunes of the Greenback seem to have turned after it bounced off key support (92.00) in the USD Index; should it now break through 95.00 we would expect broad... » Read more

AUD hammered across the board as the RBA lowered interest rates and inflation…

The AUD was hammered across the board last week as the RBA lowered interest rates by 25bps to 1.75% and also lowered the inflation expectations to a 1-2% band... » Read more

The RBA Cut Interest Rates By 25bps To 1.75%

Glenn Stevens has decided to get ahead of the curve and lower interest rates by 25bps to 1.75%. The AUD has been aggressively sold off as consequence currently trading... » Read more

We could be in for another volatile week in currency markets..

We could be in for another volatile week in currency markets with tomorrow’s interest rate decision far from clear cut, Glenn Stevens has previously stated he is far more... » Read more

Main highlight this week will be Thursday morning’s Federal Reserve announcement..

The main highlight this week will be Thursday morning’s (5am) Federal Reserve announcement; the market will be looking for any indication on the likely timing of monetary tightening. Recent dovish... » Read more

The AUD performing well against all major currencies last week…

The AUD performed pretty well against all major currencies last week, following healthy Chinese data, strong equity and commodity market performance. The weekend’s OPEC meeting failed to reach an agreement... » Read more