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
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