Post Tagged with: "Glenn Stevens"
RBA stays its hand
Australia’s central bank sprang a big surprise when it decided to leave the official cash rate unchanged at 4.25% overnight. The statement accompanying the announcement suggested that growth remained close to trend and that underlying inflation was currently around 2.5%, in the middle of the 2-3% target band. That said, a closer examination of the
Forex Daily Outlook December 8 2011
Rate decisions in the UK and in the euro-zone are the major market-movers as tension mounts towards the EU Summit. Let see what awaits us today. In the US, Unemployment Claims, value the number the unemployed that asked for insurance on the past month, about to reduce down to 397K from 402K in November. More
Australian Dollar Recovers From Rate Cut
The RBA cut the interest rate in Australia by 0.25% to 4.25%, in a move that was widely expected. This is the second cut in a row. Glenn Stevens and his colleagues cut the rates from 4.75% to 4.50% on November 1st. The Aussie took a dive following this move, but it found support and
Forex Daily Outlook November 24 2011
Revised GDP in the UK and Ifo Business Climate in Europe are the major market-movers. Let see what awaits us today. In Canada, Corporate Profits is due to stay -4.9% similar to the last quarter. For more on USD/CAD, read the Canadian dollar forecast. In Europe, German Information and Forschung (Ifo) Business Climat, measures the monthly
Forex Daily Outlook November 16 2011
BOE Inflation Report in the US and Claimant Count Change in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Consumer Price Index (CPI), value the consumer’s price change of goods and services, due to reduce by 0.3% this month, while the Core CPI (apart
AUD/USD Outlook November 14-18
The Aussie suffered from another week of losses, gradually erasing previous gains. Meeting minutes from the recent decision to cut the rates is the main event of the week. Here is an outlook for the upcoming events, and an updated technical analysis for AUD/USD. Employment figures came out within expectations, with a gain of 10K jobs and
Australian Rate Cut Chances Increase
The chances of rate cut in Australia increased significantly following the weak CPI. AUD/USD already got a blow from the release of the CPI, but a rate cut isn’t fully priced in. More significant falls depend on the actual cut and its size. Australia publishes official house price figures only once per quarter. During each
The day of reckoning
There’s a frustration on the part of some market participants that there is always such a strong focus on the US employment report, given that the labour market is a lagging indicator of economic fortunes. Nevertheless, the fact that the labour market has been lagging the recovery of the past two years has been the
Forex Daily Outlook – August 25 2011
Unemployment Claims in the US and Martin Weale speech in Doncaster are the major market-movers. Let see what awaits us today. Jackson Hole Symposium (Day 1), Financial Symposium in Jackson Hole Wyoming for central bankers, finance ministers, academics, and worldwide economic market participants. In the US, Unemployment Claims, weekly measurements of new unemployment claims filed
Forex Daily Outlook – July 26 2011
CB Consumer Confidence in the US and Prelim GDP in the UK are the main events lined up. Let’s see what awaits us today. In the US, New Home Sales, important and main indicator to value the number of new single-family households that over the last month were sold, rise is expected from 319K on