NZD/USD May Lift on Travel Bubble but Technical Signal Shows Short-term Pullback
The New Zealand Dollar is moving lower within a Falling Wedge pattern against the US Dollar. A travel bubble between New Zealand and Australia may help bolster the two neighboring…
Read More »Australia preliminary Trade Balance for February 8.1 bn (prior 10.142bn)
Exports and imports boht higher on the month: – Exports of goods in February 2021 increased $502m (2%, prior was +6%) to $32,113m. For the y/y +17% – Imports of…
Read More »Australia Feb. employment change +88.7K (vs expected +30K) & unemployment rate 5.8% (vs expected 6.3%)
Australian February jobs report is an enormous beat Employment Change: +88.7K Unemployment Rate: 5.8% Full-Time Employment Change: +89.1K Part-Time Employment Change: -0.5K
Read More »Aussie jobs: Good news in Emeplyment changem bad in Unemployment rate
Australia’s February Employment change arrived at +88.7K vs the expected +30K, a huge beat, but the Unemployment rate at 5.8% was worse than the expec
Read More »Australian Dollar Risks Wilting if Fed Remains Sanguine on Treasury Yields
The Australian Dollar is aiming to resume its uptrend, but the Fed and its take on the bond market still poses a risk to it ahead. AUD/USD may thus look…
Read More »Australia preliminary trade figures for January, exports drop 9% MoM, AUD steady
Australia preliminary trade figures for January, exports drop 9% MoM. Key statistics Exports of goods in January 2021 declined $3,047m (-9%) to $32,12
Read More »Australian Dollar Outlook: Rising Iron and Copper Prices to Bolster AUD/USD
The Australian Dollar is on the move higher as rising commodity prices help bolster sentiment. Australia's vaccine program also offers a price driver, with thousands slated for inoculations.
Read More »AUD/USD struggles to extend early gains on bigger-than-expected drop in Australia’s Unemployment Rate
A bigger-than-expected drop in Australia’s jobless rate struggles to draw more substantial buying pressure for the commodity-sensitive Aussie dollar.
Read More »Australia jobs for January + 29.1K (vs. expected +30K) & Unemployment rate: 6.4% (expected 6.5%)
Australian employment report for January Employment Change: +29.1K Unemployment Rate: 6.4% Full-Time Employment Change: +59.0K Part-Time Employment Change: -29.8K Participation Rate: 66.1% Pretty much expected job gains and the jobless rate is lower … yes…
Read More »February Statement on Monetary Policy: Sees inflation staying too low even in most optimistic scenario
Reuters reports that ”Australia’s economic outlook has improved markedly thanks to the successful suppression of the coronavirus, but even under the
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