Tag Archives: AUD
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for thefourth consecutive week but most positions remain relatively neutral,close to the median of the last 52-weeks.
RBA Credit – January 2014
Today’s credit data continues to show that the low interest rate environment is helping to lift housing-related borrowing.But annual growth in the other areas of lending,
Capex – QIV 2013 – Capital expenditure plans miss expectations
The headline data in today’s capex survey was disappointing, for both the QIV outcome and for the (more important)expectations component.
US Morning Update
Most markets were very quiet once again during the London morning, with month-end upon us. Poor investor returns in February have kept the desire to put new trades on very limited this week.
Construction Work Done – QIV 2013
The volume of construction work done fell by a disappointing 1.0% over QIV. This fall followed an upwardly revised lift of3.0% in QIII (previously 2.7%.
Inflation surprises & the RBA
Inflation surprised on the high side at the end of 2013. Underlying inflation was running at an annualised rate of 3% at yearend. Not surprisingly, the RBA has revised up its near-term inflation forecasts and
Where to go loco
It’s a truism that all politics are local, but for financial markets globaldevelopments periodically hog centre stage. A clear example was the run-up toFed tapering, which we are now over.
Australian Markets Weekly – The big picture for Australia ahead
Recent data has continued the positive tone evident since Christmas. Market now expects the next move in the cash rate to be up but the first full 25bps is not factored in until June 2015.
The Week Ahead in FX
In the week ahead, the euro zone is to release what will be closely watched preliminary data on consumer price inflation. Switzerland is to publish data on fourth quarter growth,
Weekly CFTC Trader Positioning Data
The USD is being traded not as a broad US‐centric theme butinstead with the focus on the local domestic stories. Accordingly sentiment is favouring a fairly mixed USD performance.
Finance Minister: Australia Economy Can Do Better
Australian Finance Minister Mathias Cormann told CNBC he was not satisfied with the performance of Australia’s economy, despite the International Monetary Fund’s recent praise of the nation’s finances.
The Week Ahead in FX
In the week ahead, Japan is to release what will be closely watched data on fourth quarter economic growth. China is to produce preliminary data on manufacturing activity,