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RBA delivers dovish surprise to undercut the recent AUDUSD rally
At its monthly meeting this afternoon, the Reserve Bank Board raised its official cash rate for a third consecutive time by 50bp from 1.35% to 1.85%.
AU Q2 inflation surges but fears ease over supersized 75bp RBA rate hike
June quarter Australian inflation data has surged to 6.1%, but below consensus expectations easing fears of a supersized 75bp rate hike when the RBA meets next week.
RBA Meeting Minutes support cautious AUDUSD rally
With Asian markets in a more cautious mood after being wrongfooted by the overnight sell-off on Wall Street, the focus this morning has been on the RBA Board meetings for July.
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Thumping AU jobs report supports further gains for AUDNZD
Good news today for the Australian economy as the employment report for June stunned with across-the-board strength.
RBNZ Preview and what next for the NZDUSD
At its meeting on Wednesday, the Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 50 basis points taking the cash rate to 2.50%. It will be the RBNZ’s third straight 50bp hike in a row, in a tightening cycle that started back in October.
Key takeaways from todays RBA communique and what it means for the AUDUSD
Following last week's mega moves by central banks, the calendar this week allows central bankers to finetune some of those shifts, starting with a plethora of communique from the RBA this morning.
How the EURUSD last week put in place a tradable low
The main job for traders this week will be to continue to digest the implications of last week’s historic moves by key central banks.
How to capture the next leg higher in USDJPY
Last week USDJPY locked in an almost 3% gain, closing back above 130 for the first time since early May.
RBA Preview and what next for the AUDUSD?
At its monthly meeting next Tuesday, the 7th, the Reserve Bank Board is widely expected to raise the cash rate from its current setting of 0.35%.
AU Q1 2022 GDP beats forecasts and frames further gains for AUDNZD
As the release of the final partials yesterday warned, Australian Q1 2022 Australian GDP has beaten expectations, rising by a solid 0.8% QoQ and 3.3% YoY, despite the impact of Omicron and the devastating rains and floods that hit the East Coast.
AU Q1 2022 GDP preview and what comes next for the AUDUSD
Just one week before the highly anticipated June RBA Board meeting, Australian Q1 2022 GDP is set to drop this Wednesday.
Bird flies after RBNZ hawkish hike - NZDUSD
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 2.00%, a follow up to its 50bp rate hike in April. While this was widely expected, a surprise came as the RBNZ revised the OCR terminal rate to 3.9% in June 2023 from its earlier 3.35% forecast.
RBNZ preview and what comes next for the NZDUSD?
The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by another 50 basis points to 2.00% at its meeting tomorrow. The real focus will be on the accompanying Monetary Policy Statement (MPS), which will provide updated inflation forecasts and OCR track changes.
AUDUSD slumps after soft wages data and fears of new lockdowns in China
After the RBA Minutes noted yesterday that members had considered a 40bp rate increase at the May meeting, the focus for traders this morning was firmly on Q1 AU 2022 wages data - seeking clues as to the size of the RBA's next rate hike.
AUDUSD bounces back on RBA minutes and China headlines
This morning saw the release of the RBA’s May meeting minutes. The market was hoping for clues on the likely size of next month’s rate hike, particularly after the bank caught all commentators on the wrong foot last month by raising rates by 25bp to 0.35%.
Where are the tail risks for this weekend's Australian Federal Election?
The Australian Federal Election is just five days away. Both polling and betting markets have the ALP well ahead. As illustrated by Brexit, Donald Trump’s election in 2016 and the Australian Federal Election in 2019, polls are not fool proof.
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Will equity market contagion spread to FX? USDJPY and GBPUSD
The woes of Wall Street deepened overnight, and after another session of heavy losses, the S&P500 is trading back at levels last seen in April last year.
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The US dollar has risen to its strongest level for two decades thanks to safe-haven inflows amid geopolitical tensions and fears of rate hikes from the Fed. Discover the different ways you can trade the US dollar.
RBA rate hike review and what comes next for the AUDUSD
For the first time since November 2010, the RBA has raised interest rates today, from a record low of 0.1% to 0.35%.
NZ employment report preview and what next for the NZDUSD
A huge week ahead as three central banks line up to raise interest rates, and three employment reports drop, including one in New Zealand on Wednesday morning.
AUDUSD steady as jobless rate stabilises at record lows
After an impressive rebound over the past three months, Australian Labour Force data released early today has shown the pace of the recovery has slowed to a more sustainable pace in March.
Key considerations for the Kiwi ahead of tomorrows RBNZ meeting
At 11 am Sydney time tomorrow, the RBNZ will announce either a 25bp or an inflation-busting 50bp rate hike in what will be a very close call.