Weekend Australian media – more China retaliation against Australia expected
A piece in a national newspaper in Oz over the weekend says to expect more tariffs imposed by China Due to PM Morrison floating the idea of providing safe haven…
Read More »Australian state sees a coronavirus surge – ‘strict lockdown’ no going out in place
Cases of COVID-19 have been climbing all week in Australia’s second most populous city of Melbourne. The count of new cases has been hovering around 70 for the past days…
Read More »Events to Look Out for Next Week
A quiet week is coming up in regards to economic data, but market attention will remain on geopolitical risks, particularly those stemming from simmering China-US tensions. Focus will be on…
Read More »Australia trade balance for May: AUD +8.025 bn (expected AUD +9bn)
AUD 8.025bn surplus – expected AUD 9bn surplus – prior AUD surplus revised to 7.83bn – exports expected -7% m/m, prior -11% – imports expected -9% m/m, prior -10% AUD…
Read More »AUD/JPY: Off intraday top after Aussie trade numbers
AUD/JPY eases from the intraday high of 74.45 to 74.38 amid Wednesday’s Asian session. Australia’s trade figures for June become the latest catalysts
Read More »The surge in Australian coronavirus cases continues – worst hit state racks up 75
Victoria is Australia’s second most populous state and its capital is the new coronavirus epicentre in the country – 75 new cases (for the 24 hours) – 4th worst day…
Read More »FX Update – June 26 – Consolidations abound
EURUSD, H1 Narrow ranges with a modicum of yen firmness have been prevailing against a backdrop of higher equity markets in Europe and Asia, which have tracked Wall Street gains,…
Read More »Australian Dollar Outlook Bearish on Concerns of Second Covid-19 Outbreak
AUD may come under pressure in the week ahead as fear of a second-wave of Covid-19 rattles financial markets amid growing China-Australia geopolitical tensions.
Read More »AUD/USD Rate to Face Another Sharp Decline in Australia Employment
The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.
Read More »An Australian government senator want tariffs on imports from China, Chinese state-owned assets seized
Government senator Concetta Fierravanti-Wells – called for Australia to slap tariffs on Chinese imports – to consider seizing state-owned assets "Of course, this would further impact on the relationship, but…
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