Market News

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

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

Weak US data continues to apply pressure on Greenback..

Weak US economic data continues to apply pressure to the Greenback as the USD Index post new lows.   Most AUD pairs are starting to look a little exhausted and ripe... » Read more

The RBA left interest rates on hold at 2.00%

The RBA left interest rates on hold at its meeting today. While the accompanying statement acknowledged the recent appreciation of the AUD and potential problems for the economy should... » Read more

The RBA are expected to leave interest rates on hold at 2.00%..

Janet Yellen’s dovish statements have resulted in significant USD selling as the market moderates expectations of hikes in the Fed Funds rate.   There could be a little further to go... » Read more