Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, notes that the RBA Governor continues to voice a far more balanced outlook for the economy, thereby defying pessimistic market pricing. Key Quotes “In recent speeches and his semi-annual testimony on monetary policy he highlighted that house prices may have corrected the most in the two largest states, but they also have unemployment rates at decade lows.” “The inconsistency of weak domestic demand but strong labour markets is the focus of RBA research (and central banks globally for that matter). Will activity in the two largest states collapse along with house prices, demanding a monetary policy response, or will we see continued retrenchment in the consumer via weak car sales and cautious discretionary spending? We favour the latter.” “The political situation is unfolding along the lines of the New Zealand experience. If the Opposition ALP wins the May election, expect higher minimum wages, tax cuts for middle Australia and higher welfare payments, all straight out of the NZ Labour Party playbook.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: Back to investment-driven growth? – ANZ FX Street 4 years Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, notes that the RBA Governor continues to voice a far more balanced outlook for the economy, thereby defying pessimistic market pricing. Key Quotes "In recent speeches and his semi-annual testimony on monetary policy he highlighted that house prices may have corrected the most in the two largest states, but they also have unemployment rates at decade lows." "The inconsistency of weak domestic demand but strong labour markets is the focus of RBA research (and central banks globally for that matter). Will activity in the two largest states collapse along with house… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
