Tag Archives: AUD/CAD
Australian Markets Weekly – Labour market the key to 2014 RBA policy
RBA cash rate expectations for Dec-2014 range from 2.0% to 3.5%. The RBA is comfortably on hold and still believes that policy is stimulatory enough to support activity.
Australian Markets Weekly – 2014 outlook: exports stronger; local activity weak
Australia’s economy is expected to gradually accelerate during the course of 2014, reaching a growth rate of about trend by the end of the year. This outlook will not create enough jobs to stop unemployment rising up through 6% and
Australian Markets Weekly – RBA Governor knocks AUD for six
Glenn Stevens, RBA Governor, would have been a happy man when he awoke on Friday morning, to a currency which had fallen by approximately a cent from where it was when he rose to
Australian Markets Weekly
The wrangle over Australia’s debt ceiling has been headline news over the past week, as the Senate refused to ratify Treasurer Joe Hockey’s bill, lifting it from the current $300bn to $500bn.
Australian Markets Weekly – RBA expects gradual pickup, although lot of risks
The RBA’s latest forecasts predict only a gradual upturn in growth with unemployment rising out until the middle of 2015.
AUDCAD – correcting to .9744/41 within a bull flag
AUDCAD is forming a bull flag from the high at 1.0048 but the pullback is still incomplete and we expect it tomove lower towards a support zone between .9741/.9573.
Australian Markets Weekly – Housing recovery showing more traction
We pointed out last week that inflation in Q3 remained moderate and low enough to keep the door open for another easing, if need be.
US Morning Update
Major Overnight Headlines • ECB’s Coeure says Euro Area can put banking system ‘on a sounder footing’, Thomson Reuters
Careful Chasing CAD
CAD weakened markedly following the Bank of Canada announcement lastweek, with the Bank dropped their long-held tightening bias.
Australian Markets Weekly
This last week’s inflation reading for the so-called headlinerate, that rose a higher-than-expected 1.2%, receivedsomething of a splash across the market wires and financialpress.
US Morning Update
Major Overnight Headlines • Euro Area October PMIs generally weaker than in September, halt move to 1.3850 in EUR/USD for now
US Morning Update
Major Overnight Headlines • ECB: national and supranational backstops need to exist to ensure AQR is safe, credible, Thomson Reuters