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

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

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

Aussie Continues to Shrug Off Weak Chinese Data | 25th March 2014

• Weaker manufacturing data from China did little damage to the Aussie dollar; • US preliminary manufacturing activity falls short of expectations; • Euro benefits from risk bets that Ukraine crisis escalate further; • No domestic data releases today, direction likely to stem from UK CPI this evening. The Aussie dollar has once again shrugged Read More

Uncertainty Lingers as Events Unfold Across Europe | 18th March 2014

• Stronger Aussie overnight as Westpac dismiss rate cuts, assisted by softer US data; • Japanese Yen remain in demand for its safe haven status; • Lack of announcements in UK and slightly softer US data make room for modest Euro gains. Overnight, the Aussie made solid gains as Westpac changes stance on future rate Read More

Aussie Slips as Risk Appetite Remains Thin | 17th March 2014

• Aussie remained modestly above 90 cents, despite low appetite for risk; • Japanese yen remained in high demand as markets awaited Ukraine resolution; • Sterling closed the week lower against the US dollar as data remains mixed; • Dollar slipped towards the end of the week after weak PPI and sentiment readings. Despite a Read More

Aussie Struggles to Maintain Early Gains | 14th March 2014

• Early unemployment data lifted Aussie, poor Chinese reading abruptly halted further gains; • Bank of New Zealand does not rule out further rate hikes throughout 2014; • Stronger US data will support Feds taper program, markets favouring Japanese Yen; • Sterling trades close to one month highs against US dollar, Euro declines. In early Read More

Bank of New Zealand Raise Benchmark Rate to 2.75% | 13th March 2014

• Aussie under pressure in early session as Consumer Confidence drops to 10-month low; • New Zealand makes the first interest rate hike of developed nations, kiwi dollar higher; • US Dollar weaker throughout most of the day, traders favour Euro and Yen; Early in yesterday’s session, Westpac consumer confidence data indicated heightened fears of Read More

Widening Chinese Trade Deficit Causes Flight to Safety | 11th March 2014

• China announces largest trade deficit in two years and slower uplift in CPI, Yen favoured; • Sterling found pressure as BOE official warned stronger pound could dent exports; • US FOMC member reiterates commitment to stimulus taper, dollar supported; • Gold supported by risk-off attitude, industrial commodities under pressure post China data. The Aussie Read More