Overnight we saw German and French Manufacturing Conditions beat expectations marginally. European Industrial New Orders also came in better than expected while in the UK Public Sector Borrowing surprised with a lower deficit than forecast, all which did little to change currency markets. Read More…
Yesterday saw the release of the Producer Price Index for Australia. It did not surprise, coming in very close to forecasts; the actual figure was 0.3%. Yet another possible reason for our Reserve Bank to cut rates again. In turn our currency remained unchanged at similar levels seen on Friday. Read More…
Category : AUD, Forex, Indicators, Opinion
Last week saw the Aussie remain relatively strong. It bounced around versus the US Dollar in a two cent range as positive sentiment helped markets; it closed just below the 1.05 mark on Friday. Read More…
Category : AUD, Currencies, Forex, Indicators, Opinion
Yesterday the Unemployment Rate came in at 5.2% when expectations were pointing to a slight nudge up. This small decrease from 5.3%, a pleasant surprise did little to influence our currency. At the time of the release of that figure the Aussie hovered around the 1.04 level against the US Dollar. Read More…
Category : Analysis, AUD, Forex, GBP, Opinion, Stock, Trends
The FX markets are calm as can be for now, not really having any solid information to push them in either direction. Joy from better than expected Chinese GDP has subsided and eyes are on the next pieces of data ahead. Read More…
Category : AUD, Forex, Indicators, Opinion
