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Tag: AUD/USD

Aussie falters as CPI misses estimate

But inflation climbs into RBA’s target range Despite headline CPI coming in below economists’ forecasts, it crawled into the RBA’s 2-3% target range for the first time in over a year. Headline CPI rose 2.1% y/y in Q2, up from 1.9% in Q1 but just below estimates of a 2.2% increase. Trimmed mean CPI, the […]

Live FX Market Analysis – 24 July 2018

In this week’s FX webinar, Senior Market Analyst Craig Erlam discusses the latest events that are moving financial markets – Trump attacks the Fed, Brexit plans widely criticized etc – and previews the week ahead. Craig also gives his live analysis on EURUSD (9:22), GBPUSD (11:48), EURGBP (18:45), AUDUSD (19:34), USDCAD (21:04), GBPCAD (22:14), NZDUSD […]

Aussie soars on stellar jobs data

Jobs added in June beat estimates by a mile The Australian economy added a massive 50.9k jobs in June, well above economists’ forecasts of a 17.0k increase and the biggest monthly gain since November. Adding to the positive headline, the vast majority of the jobs were in the full-time category at 41.2K, while just 9.7k […]

China GDP growth slows in Q2

China Q2 GDP growth as expected, though lower than Q1 In this morning’s China data dump, Q2 GDP growth came in as expected but industrial production disappointed. The Chinese economy grew 6.7% y/y in Q2, a slower pace than in Q1 but was in line with economists’ forecasts. Industrial production for May on the other […]

Equities shrug off trade tariff tensions

Is the negotiating table being dusted off? Was it a storm in teacup? Equity markets across Asia shrugged off yesterday’s post-tariff announcement weakness and are trading in the black through the Asian session. Nikkei225 rose 0.95%, Australian stocks rose 0.68% and even China shares managed gains of 2.30%, recouping all of yesterday’s losses. What has […]

Investors turn risk-averse on tariff war escalation

US announces list of next tariff targets The US close was looking hunky dory, with equity markets aiming for a higher close as there appeared to be a lull in trade war rhetoric, once the first salvos had been fired last weekend. Then BOOM! Headlines that the US was set to announce the list of […]

Live FX Market Analysis – 10 July 2018 (Video)

In this week’s webinar, Senior Market Analyst Craig Erlam discussed the latest Brexit developments as two members of her team resign after an apparently united and productive meeting on Friday. He also talks Trump, after the latest imposition of trade tariffs and ahead of his trip to the UK and the NATO summit, and previews […]

Wait-and-see as tariffs and payrolls loom

Waiting for tariffs and payrolls We endured another lackluster trading session in Asia with markets in wait-and see mode ahead of the double header of US non-farm payrolls data and the implementation of the first round of US tariffs on $34 billion worth of Chinese imports. Tariffs are scheduled to be introduced at 12.01am in […]

Aussie advances as retail sales data beat estimate

A mixed bag of Australian data AUD/USD was given a boost in lackluster trading in Asia after Australia’s retail sales came in stronger than forecast in May. Sales rose 0.4% m/m, the same gain as posted in April, but it was higher than the estimate of a 0.3% increase. On a more bearish note, the […]

Aussie Jumps After Hawkish RBA Statement

The Australian dollar has been one of the worst performing currencies against the dollar this year. Year-to-date, the currency has dropped by almost six per cent as shown below. The pair’s decline is mostly associated with the divergence monetary policy decisions from the Fed and the Reserve Bank of Australia (RBA). As you recall, early […]