Sterling Rallies as Economic Recovery Gains Traction | 17th April 2014

• Aussie supported after Yellen indicated low interest rates for a prolonged period; • Sterling approaches four-year high after surprise drop in unemployment; • Eurozone core inflation missed expectations, markets await answers on ECB stimulus. The Aussie began early Asian trade drifting lower against the greenback after stronger US data the night before and markets Read More

Encouraging US Inflation Data Supports Greenback | 16th April 2014

• RBA minutes indicated no rush to raise rates until improvement in jobs market; • UK inflation data in line with expectations, Sterling supported overnight; • US inflation data surprises to the upside edging closer towards Fed target; • Euro remains range bound ahead of CPI data this evening. RBA minutes released yesterday indicated that Read More

Aussie Advances Despite Improvement in US Retail Sales | 15th April 2014

• Aussie dollar remains supported ahead of RBA minutes today; • US retail sales beat all forecasts for March as economy recovers after bout of bad weather; • Sterling extended gains after house prices increased to all time high; • Euro slides against stronger US dollar ahead of inflation data tomorrow. The Australian dollar continued Read More

Aussie Continued to Edge Higher Throughout the Week | 14th April 2014

• Aussie made solid gains throughout the week reaching four-month high against greenback; • US dollar fell for five consecutive days after Fed played down rate hike forecasts; • UK manufacturing and industrial production data reignited bets of an interest rate hike; • Draghi indicated unconventional monetary policy is needed to fight weak inflation. The Read More

Australian Jobs Report Revealed Some Surprises | 11th April 2014

• Aussie dollar surged after strong unemployment data, retraced as data was digested; • Bank of England maintained benchmark interest rate at 0.5%; • Greenback falls despite a drop in initial jobless claims. Upon the announcement of the March jobs report, the Australian dollar rallied, comfortably breaking through resistance of 94 US cents. The reports Read More

Aussie Dollar Continues to Push Higher | 10th April 2014

• Aussie approaches 94 US cents as domestic data reads well; • US dollar falls to 5-month low as Fed plays down forecasts for rate hike; • Sterling adds to recent gains as UK trade deficit narrowed in February. The Australian dollar enjoyed yet another day of solid gains yesterday as domestic data beat forecasts Read More

US Dollar Struggles to Break Downward Trend | 09th April 2014

• Aussie rallied to four month high overnight on weaker US dollar; • US dollar struggled to break downward trend after weaker jobs data on Friday; • Impressive UK industrial output and upgraded IMF growth forecast caused Sterling rally; • Stronger Euro as doubts are cast over whether the ECB is to introduce stimulus. As Read More

Aussie Trades Sideways Ahead of NAB Business Confidence Data | 08th April 2014

• Aussie traded carefully ahead of NAB Business Confidence data today; • Lack of US data causes dollar to slide following weaker than expected US payrolls; • Euro made solid gains as ECB insisted that deflationary risks are subdued; • Sterling gained slightly against US dollar but has clearly lost momentum recently. With a lack Read More

Aussie Pushes Higher as US Non-Farm Payrolls Disappoint | 07th April 2014

• Aussie gained as US non-farms fail to meet expectations; • UK data continues to miss expectations, Sterling traded lower throughout the week; • Speculation of ECB stimulus mounts, markets remain unsure of Draghi’s next steps. Friday’s jobs report failed to meet analyst expectations as it was announced that 192,000 jobs were created in March Read More

Draghi Remains Committed in Fighting Deflationary Pressures | 04th April 2014

• Aussie moved lower in early trade as retail sales data missed forecast, stabilised overnight; • ECB kept interest rates on hold, Draghi pledged to intervene should it become necessary; • Slowed growth in UK services weighed on Sterling; US jobless claims increased ahead of Non-Farms this evening. In early trade yesterday, the Aussie lost Read More

No Change in RBA’s Rhetoric | 02nd April 2014

• RBA revealed no change to interest rates as expected, Aussie hit resistance at 93 US cents; • US data starts to show signs of recovery after harsh weather earlier this year; • UK manufacturing reading disappointed, Sterling under pressure; • Encouraging German unemployment data reversed ECB stimulus expectations. During the RBA rate decision yesterday, Read More

Yellen Indicates that US Stimulus Remains Necessary | 1st April 2014

• US dollar weakens as Yellen acknowledges weakness in economy; • Sterling advanced for a fourth consecutive quarter against the US dollar; • Aussie dollar remained supported above 92 cents ahead of RBA rate decision today; • Eurozone inflation data showed no signs of improvement. Across the board, the dollar declined yesterday as Janet Yellen Read More

Chinese Stimulus Expectations See Aussie Climb to 4-Month High | 31st March 2014

• Australian dollar climbed to 4-month highs last week amid renewed hopes of additional Chinese monetary stimulus; • Euro managed to break its losing streak on Friday, making gains against most peers as German inflation data impressed; • Key events later this week include rate decisions from RBA and ECB with Eurozone CPI this evening. Read More

Sterling Bulls Smell Weakness Throughout the Eurozone | 28th March 2014

• Appetite continued for Aussie dollar as commodity prices recovered; • Strong retail sales pushed Sterling higher, struggled to hold onto gains against Aussie; • Euro continued along a similar trajectory losing the momentum we saw build earlier this month. The Australian Dollar has continued to outperform despite a lack of domestic economic data. As Read More

Aussie Continues Rally as Stevens Speaks | 27th March 2014

• Glenn Stevens failed to talk down Aussie dollar during Hong Kong conference; • Euro weakened throughout the day as data fails to meet expectations; • Sterling trades higher as BOE policy maker suggests rate rise as economy improves. Locally, Aussie bears were caught off guard yesterday as many expected RBA Governor Glenn Stevens to Read More