RBA slashes cash rate to 1.75% as Australia unveils somber election budget

Australia’s conservative government unveiled an economic blueprint on Tuesday aimed at creating jobs and growth in “extraordinary times”, just hours after the country’s central bank slashed interest rates to an all-time low. Stealing the thunder from the government’s annual budget, the Reserve Bank of Australia (RBA) cut the cash rate by a quarter percentage point to 1.75 percent, citing surprisingly low inflation and uncertainty about the global outlook…

Top 10 Weekly Forex Market Headlines – 05.08.2015

1. China HSBC/Markit PMI index hits 1-year low in April May 4, China’s factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh stimulus measures to halt a slowdown in the world’s second-largest economy. The latest indication […]

Daily Forex Market Review 04/01/14 (+30 pips)

Today’s Trade Result: +30 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

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