Markets Week Ahead: Fed, ECB, RBA, S&P 500, Gold, US Dollar
Global equity markets ended mostly higher in the past week, led by the US, following better-than-expected earnings from big technology companies. Key focus in the coming week is on the…
Read More »Australian monthly CPI (February) 6.8% (vs. expected 7.1%)
<p>February 2023 headline CPI is 6.8% y/y, better (lower) than expected and from January </p><ul><li>expected 7.1%, prior 7.4%</li></ul><p>Augurs well for an RBA pause at its meeting next Tuesday (April 4).</p><p>Looking…
Read More »AUD/USD bulls ignore downbeat Aussie Retail Sales to approach 0.6700 amid risk-on mood, RBA’s Ellis eyed
AUD/USD fails to justify softer Australia Retail Sales growth, amid firmer sentiment, as it renews its intraday high near 0.6660 during early Tuesday.
Read More »AUD/USD stays below 0.7000 as RBA’s Lowe fails to copy hawkish Fed signals
AUD/USD holds lower ground near 0.6980 after Reserve Bank of Australia (RBA) Governor Philip Lowe’s Testimony during the mid-Asian session on Wednesda
Read More »RBA Gov Lowe says there is a risk the Bank has not yet raised interest rates enough
<p>Reserve Bank of Australia Governor Lowe is appearing before an Australian parliamentary committee. </p><p>He is making garbled remarks … this:</p><ul><li>there is a risk the bank has tightened policy too much</li><li>risk…
Read More »RBA Statement revises forecasts for core inflation higher
<p>Reserve Bank of Australia's Statement on Monetary Policy (SoMP) </p><p>Summary Headlines via Reuters, bolding is mine:</p><ul><li> Board's priority is to return inflation to target</li><li>Board expects further increases in interest rates…
Read More »Aussie Trade Balance leaves AUD unchanged with eyes on RBA
The Aussie trade balance released by the Australian Bureau of Statistics is out as follows: Australia December balance goods/services A$+12,237 mln, s
Read More »Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Jerome Powell, RBA
The Nasdaq 100 and Dow Jones reversed lower after a blowout jobs report last week. The US Dollar rallied at the expense of gold. All eyes turn to Fedspeak, the…
Read More »Australian (November) building approvals -9% m/m (vs, expected -1%)
<p>Interest rate rises impacting, of course.</p><p>Property prices in Australia have fallen with the RBA hiking rates. This makes new construction activity less attractive at the margin. </p><p>Private sector house approvals…
Read More »AUDJPY: Rounding Top Downside Breakout Detected
AUDJPY, Daily The RBA appeared to fulfil market expectations by offering clues in the RBA minutes on when it will end its tightening cycle. According to the minutes, the central…
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