Tag Archives: RBA

EURUSD knocked back to the mat as Spanish yields swoon

EURUSD got a bit of a nosebleed above 1.2600. The approaching ECB meeting on Thursday is the key test for short term EURUSD sentiment – is about EU tail risks any more or is it all about devaluation?

Americas FX Daily

EUR still well supported ahead of key month What happened overnight – RBA leaves policy unchanged – Moody’s cuts outlook for ratings on EU issuance – Swiss GDP weaker than expected

– Focus to shifts from US to Europe post Bernanke and ahead of the ECB meeting on 6 September Fed Chairman Ben Bernanke’s highly anticipated Jackson Hole speech confirmed the dovish tone from the most recent FOMC minutes.

Asia today: Minutes suggest the RBA on hold; AUD a touch firmer

Asian opening levels were similar to yesterday and it took the RBA minutes to stir up some action. The minutes held few surprises from the post-meeting statement but did reinforce the notion that the RBA is in no rush to cut rates in the near-term and this lent support to the AUD. The RBA noted […]

FX Daily Strategist: Europe

Dovish BoE inflation report could put some pressure on GBP Sterling’s recent underperformance may have been stabilised by Tuesday’s slightly better-than-expected industrial production data, but today’s key event – the BoE Inflation Report – could lead to some renewed weakness.

EURUSD – needs more upside soon, or else.

Markets are still in limbo despite last week’s drama – EURUSD needs to take out the next resistance level to keep the focus to the upside. Aussie looks very stretched ahead of RBA – but could it stretch higher still before consolidating?

Asia today: A mild hawk bias to RBA minutes; Bernanke up next

Reserve Bank of Australia minutes were the highlight of a slightly busier Asian session today. The RBA kept rates unchanged at 3.5 percent at the last meeting and the minutes showed members felt there was no need for further adjustment after recent “hefty cuts” and signs the economy has more momentum than previously thought.

Asia today: No change from RBA; statement neutral

The RBA kept rates unchanged at 3.5 percent Tuesday and the accompanying statement was as neutral as neutral could be. Policy is appropriate, no change in inflation outlook and consistent with target.

Asia today: 3 in a row! Oz trade data better than consensus

For the third day in a row, Australia was in the spotlight during the Asia session. This time it was the turn of trade data for April. The trade balance came in at a deficit of A$203 mln, well below consensus estimates of a A$900 mln deficit and a sharp improvement on the revised A$1.282 […]

Asia today: No worries mate! Australia’s Q1 GDP is sky high

Spectacular! That is the only way to describe the performance of the Australian economy in the first quarter of the year, at least according to the latest data from the Australian Bureau of Statistics.

Asia today: AUD a tad firmer as RBA only cuts by 25bp

The overnight short-squeeze in EUR crosses extended into the early part of the Asian session with a quick run-up through 1.25 and the overnight high versus the US dollar on stops triggers.

RBA lowers growth/inflation forecasts but AUD doesn’t react

The Reserve Bank of Australia lowered its growth and inflation forecasts in its Monetary Policy statement Friday but the Aussie dollar’s reaction was muted. Indeed, the content of the RBA’s quarterly Monetary Policy Statement was broadly similar to the post-meeting statement.