RBA Meeting Minutes continue to point to a slowing of RBA rate hikes and what next for the AUDUSD
The focus this morning for local markets has been on the RBA Board meeting minutes for September and for possible clues it contained as to the Board’s view around the pace of future interest rate hikes.
Antipodean double header data review - NZ GDP and AU jobs
With some calm restored to Wall Street overnight, attention today tuned to the release of Q2 NZ GDP and the Australian August labour force report for August.
Antipodean double header next test for AUDNZD
With the dust still settling on last night’s red-hot U.S inflation data, attention locally will turn to an Antipodean doubleheader tomorrow in the shape of Q2 NZ GDP and the Australian August labour force report.
Australian Consumer and Business confidence improves - but AUDUSD in wait and see mode
This morning saw the release of Australian Business and Consumer Confidence data, framed against surging prices and a fourth consecutive 50bp rate hike from the RBA last week.
AU Q2 2022 GDP review and what comes next for the AUDUSD
The national accounts released today showed the Australian economy in the June Quarter expanded by a solid 0.9% and 3.6% YoY. It's the third consecutive quarter of economic expansion for the Australian economy.
A fourth 50bp RBA rate hike leaves AUDUSD neither shaken nor stirred
At its monthly meeting this afternoon, the Reserve Bank Board raised its official cash rate for a fourth consecutive time by 50bp from 1.85% to 2.35%.
Gold and the trap door Part III
Gold has spent the past two- and a-bit years trading in a wide range between $1670 and $2070.
September RBA Preview and what next for the AUDUSD
On Tuesday, the RBA Board meets and is widely expected to raise the cash rate. Once again, the main question will be how much.
DXY hits the brakes - will the Euro fly right by?
The initial reaction in the FX market was as expected yesterday after Fed Chair Powell’s hawkish remarks at Jackson Hole.
Gold edges towards the trap door Part II
In our last update on gold a month ago, we were watching for a false break below range lows at $1670 to set up a rebound. While the false break lower did not eventuate, a rebound to $1807 followed. In this article, we update why the rally in gold faltered and what comes next as gold again eyes the bottom of its 28-month range.
AU July Jobs Report - A messy mix fails to cloud labour market strength
The Australian jobs report for July has provided a messy mix. The unemployment rate fell to a 48-year low of 3.4%, despite the economy shedding 40,900 jobs, snapping a run of eight consecutive months of gains.