USOil – Reduced Production and Economic Recovery
Crude Oil Looks Neutral USOIL trades have been in the range of $39.20 – $41.90 since the beginning of July. Various factors drive the oil market, all of which eventually…
Read More »RBA: What we shall focus on from the RBA’s meeting
The RBA’s meeting is in focus ahead of Asia Session. No change is anticipated to the 0.25% rate setting. The Bank has expressed its commitment to ease credit conditions, seeking…
Read More »Events to Look Out for Next Week
Things are likely to get quiet now until the middle of August, when officials start to return from the summer holidays and another round of EU-UK trade talks is set…
Read More »Australia Building Approvals for June -4.9% m/m
Australia data out includes exports and import prices for Q2 – 1.24% q/q and -1.9% respectively Export Price Index -2.4% Import Price Index -1.9%
Read More »Australia coronavirus – Victoria expected to announce 275 new cases today
The state of Victoria is Australia’s 2nd most populous and has seen a big outbreak. The state authorities announced a mandatory mask-wearing rule over the weekend, to come into effect…
Read More »NZD/USD, NZD/JPY May Wilt as Covid-19 Concerns Halt Trans-Tasman Bubble
The NZD/USD and NZD/JPY exchange rates may break lower as surging coronavirus cases in Australia threaten the implementation of the Trans-Tasman travel bubble.
Read More »AUD/USD struggles to gather upside traction as Aussie jobless rate rises
The AUD/USD pair is struggling to draw bids as Australia’s jobless rate ticked higher in June and full-time employment tanked. The pair is currently t
Read More »Australian state of Victoria new coronavirus cases rise by 238
Victoria is Australia’s second most populous state – 27,040 tests conducted in the previous 24 hours for 238 new cases – one more death added to the toll – 29…
Read More »Coronavirus – Australia will provide further income support, extended beyond September
Australian Treasurer Frydenberg says the further support will announced on July 23
Read More »ASX 200, AUD/JPY Outlook Dictated By COVID-19 Lockdown Measures
The ASX 200 and AUD/JPY at risk of a correction as cases of Covid-19 continue to climb in Australia’s second most populous state, Victoria.
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