RBA December Minutes: Further rates hikes will likely be needed to balance supply & demand
<p>Reserve Bank of Australia December meeting minutes</p><p>Headlines via Reuters:</p><ul><li> Board considered hiking by 25bp, 50bp or pausing at the December meeting</li><li>Board saw arguments for each option but the 25bp hike…
Read More »Australian private sector credit growth for October +0.6% m/m (expected +0.6%)
<p>Data published by the Reserve Bank of Australia</p><p>more to come </p> This article was written by Eamonn Sheridan at forexlive.com.
Read More »Australian data – October retail sales fall 0.2% m/m (vs. expected +0.5%)
<p>Australia, retail trade for October: -0.2% </p><ul><li>survey +0.5%</li><li>prior +0.6%</li><li>for the y/y, +12.5% compared with October 2021</li></ul><p>Very weak data for retail sales in October. Higher interest rates will go some way…
Read More »November 6: The Fed Is going to destroy everything (Recap Ep200)
In this week’s recap, the main news is the Fed raising interest rates again, pushing breaks more challenging economy in an effort to slow inflation. US markets ended negative for…
Read More »Australian headline CPI 1.8% q/q (expected 1.6%)
<p>AUD has popped a little higher on the higher than expected <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__main-term">inflation</a> data</p><p>more to come</p><p>The 'trimmed mean' is a core measure – the RBA target band…
Read More »Breaking: Aussie CPI beats estimates, putting a bid into AUD/USD
Australia’s third quarter Consumer Price Index has put a bid into AUD/USD: Aussie CPI Australia Q3 RBA trimmed mean CPI +1.8% QoQ (Reuters poll +1.5
Read More »Australian Dollar Outlook: Dovish RBA Sinks Currency
The RBA surprised markets last Tuesday when they raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected, sending the AUD/USD lower.
Read More »Reserve Bank of Australia says the risks to financial stability have increased globally
<p>The <a href="https://www.rba.gov.au/publications/fsr/2022/oct/" target="_blank" rel="nofollow">RBA Financial Stability Review</a> has been published (link is to the full text). </p><p>Highlight Headlines via Reuters:</p><ul><li> Financial stability risks have increased globally</li><li>Markets stressed by synchronised…
Read More »AUD/USD justifies cautious optimism above 0.6800 as RBA rate hike, US ISM PMI loom
AUD/USD flourishes on the bull’s radar as it refreshes the intraday low around 0.6820, close to 0.6815 by the press time, amid the market’s mildly pos
Read More »Australian Dollar Outlook: RBA and Trade Play Out in AUD
The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD?
Read More »