Tag Archives: RBA
PPI – QII 2013
The very mild 0.1% increase in the final stage QII PPI together with the low (0.4% and 2.4%pa) QII CPI readings last week indicate
G10 FX Spot Commentary
USD/JPY : Support – 97.50 Resistance – 98.50 USD/JPY will be stuck in a tight range until the Fed and nonfarms.
FX Daily Strategist: US
USD picture still clouded heading into FOMC The news overnight has contributed to some support for USD.
The Global Macro Pulse
AUDUSD fell from 0.92 to 0.9077 in response to dovish comments from RBA Governor Stevens in a speech and subsequent Q&A today.
FX Daily Strategist: Europe
Weaker economic news and dovish RBA policy rhetoric weigh on AUD Overnight economic and policy news weighed on risk sentiment as RBA governor Stevens prepared the ground for a potential rate cut:
Europe – A very quiet start to the week
The week started quietly with little of note to report. Markets were quiet accordingly. However, overnight central bank news-flow has started in earnest with immediate market impact.
June Building approvals weakness supports rate cut
Today’s approvals data was disappointing if you want to see a consistent rise in approvals and a more adequate supply of new dwellings to house the growing population.
Australian Markets Weekly
There are many ways to dissect the CPI data. In fact as one analyst said to me on Thursday, “…you could make those numbers support any story you like about inflation and the RBA”.
Next Week’s Data and Events
Nonfarm payrolls should post another solid increase in July (185K). Private payrolls should match our headline estimate,
CPI Preview – QII 2013
There are some very early indications of a rethink on the outlook for inflation. For the first time in quite a while there is some discussion of upside risks.
RBA Board Minutes – July 2013
The RBA Board clearly signals that it is still mulling the possibility of another cash rate cut if demand conditions warrant more stimulus.
RBA Minutes and NZ CPI the Morning Focus
No dramatic market moves overnight US stocks and bond prices are modestly firmer following a mixed set of US economic releases and