Australia Dollar well above expectation
The Australian Dollar is performing well on the news of banks being prepared for stress tests by increases in the cash reserve requirements. Westpac was the first to jump the gun increasing borrowing rates by 20 basis points and deposit rates by 25 basis points. Westpac is forcing the RBA to act as economists realise […]More Info
Australian Monetary Policy Meeting Minutes 19th May 15 – Aussie short opportunities
The $AUDUSD has been acting irrationally for weeks now. We are seeing and unexpected strength in the AUD even after negative numbers. This was being fuelled by the US economy losing momentum and China turning down interest rate. The RBA has made indication today however that the Australian Dollars Joyride must come to an end. […]More Info
$AUDUSD Bulls be aware – dangerous levels ahead.
The $AUDUSD has taken back all its losses since 28th December 2014. The tide seems to have turned and the glossy rise of the USD based on Shale production is dwindling into what seems a short lived bull for the greenback. $AUDUSD is currently trading at 0.8125 with a strong long signal. The next major […]More Info
Australian Dollar must start falling now
The Australian Dollar was able to maintain footing near the .7970 mark throughout the week but there must be an end in sight. The RBA was not able to trigger the desired effect and if anything triggered a search for .80 in the rally that followed the pitch of Glenn Stevens indicating the end of […]More Info
The Great AUD Con – rates drop
So traders around the world were astonished and some lost the house when the RBA cut rates. As in with the ECB every time the rate was cut the currency started a fast downward wave as the liquidity in the market increases. But apart from a sudden 40 pip drop the AUD rose by to […]More Info
AUD taking back all it lost in 2015
The AUD has taken back all its loses since the 22 January overnight bouncing back to $0.8025 against the USD after disappointing numbers were posted during the FOMC meeting on the 29th of April 2015. Most importantly US GDP data well under-performed on expectations and the Feds made no mention of a rate cut or timelines […]More Info
FOMC 29th April 2015: Is the US heading back towards 2013 woes?
Most recently the US was reporting positive numbers across the range and a large part of the conversation was around interest rate hikes and a higher interest in the USD Bond market. The FOMC meeting has changed the spectrum of the ongoing conversation with no talk preluding to an interest rate hike or relative timeframe. GDP for […]More Info
China drags down the AUD to record lows
China has probably displayed and shown the far most significant reduction in Exports and Imports in the month of March as Exports fell by over 15% and Imports by over 12%. The trade balance barely reach $3b where the expectation was around $45b. Dismal numbers as economists have been quoting around Asia this morning. The […]More Info
The Aussie is getting culled – what is next?
The AUD has been under pressure to move below the .75 mark versus the USD but has resisted so far to stay below. Bankers and Investors are speculating again that the RBA and chief Glenn Stevens have to make the move given declining yield curves to reduce interest rate lower. Minister Joe Hockey has also […]More Info
2015 Outlook on Currencies
2015 saw a bullish market on the USD rates with Janet Yellen being tipped across the range to increase interest rates in Q1. Official minutes however made a clear indication that this is not the case at least until April. The major SP500 started with losses on major downs on the commodity pricing changes with […]More Info