Australian Dollar Outlook: AUD/USD Eyes Westpac Consumer Confidence
The Australian Dollar is seeing a mild rebound following a Rising Wedge breakdown. AUD/USD may see volatility on Westpac consumer confidence due out today.
Read More »Australia – Westpac leading indicator for June: -0.07% m/m (prior -0.06%)
Westpac Leading Index barely changed again on the month.
Read More »Australia – Westpac leading indicator for May: -0.06% m/m (prior +0.2%)
Leading index with a barely noticeable % change
Read More »Australian Dollar Outlook: Risk Trends in Focus as Traders Weigh Policy Outlooks
The risk-sensitive Australian Dollar was a winner following Friday's US non-farm payrolls miss. Australian Westpac consumer confidence and US CPI are in focus next week as traders weigh central ban…
Read More »AUD/USD Rises with Iron Ore as Westpac Consumer Confidence Looms
The Australian Dollar is gaining against the US Dollar as rising iron ore helps boost the Aussie Dollar. Westpac Consumer Confidence is in focus.
Read More »Westpac forecast the RBA will extend its QE and shift YCC to the November 24 bond
Reserve Bank of Australia forecast from WPAC Main points Westpac make: And: Bolding mine. Note that the RBA has repeatedly said its not expecting to tighten cash rate policy until…
Read More »Australia – Westpac leading indicator for March: 0.38% m/m (prior +0.01%)
Westpac Leading Index +0.38% m/m The 6 month annualised growth number from the report is +3.29% Thus, at 3.29% that’s pointing to strong above-trend growth this year. Interestingly the biggest…
Read More »NZ First impressions: NZIER Quarterly Survey of Business Opinion, March quarter 2021
The NZIER’s March quarter survey of business opinion signalled that the New Zealand economy is on a steady footing as analysts at Westpac have explain
Read More »Westpac have cancelled their October RBA rate cut forecast
Now forecasting November instead, at the Nov 3 meeting. NAB is October or November CBA and ANZ are both not in October either.
Read More »One for the NZD traders – dairy auction coming up on Tuesday
The Global Dairy Trade auction today during London time, 15 September 2020. Recent results: Comments from Westpac on what to expect (in brief): Over the coming months, we expect global…
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