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…

Australia’s RBA cuts rates again this year to 2.0%

(Reuters) – Australia’s central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar. The currency did initially drop after the Reserve Bank of Australia (RBA) trimmed its cash rate a quarter point to a fresh all time trough of 2.0 percent. Yet it soon rallied as investors wondered whether the easing cycle might now be over…

Australia’s jobless rate climbs to 6.4% in December, highest in 12-1/2 years

SYDNEY—Australia’s jobless rate rose to the highest level in almost 12-and-a-half years, affirming the central bank’s decision this month to deliver a surprise interest-rate cut and signal more to come. Unemployment climbed to a higher-than-expected 6.4% in January from 6.1% in December, government figures showed Thursday, indicating the economy is shedding jobs faster than the central bank had anticipated…

Top 10 Weekly Forex Market Headlines – 12.05.2014

1. Euro zone manufacturing PMI sinks to 50.1, lowest level since June 2013 December 1, Euro zone manufacturing growth stalled in November and new orders fell at the fastest pace in 19 months despite heavy price cutting, painting a bleak picture for the coming months, a survey showed on Monday. Also worryingly for policymakers at […]

RBA keeps rates on hold amid China’s slowdown, tumbling commodity prices

SYDNEY—Tumbling commodity prices and signs of slowdown in China have reversed bets on the chances of an Australian rate cut next year. As recently as two weeks ago, financial markets were pricing in a negligible chance of interest rates—currently at a record low to help spur a weak economy—moving up or down for at least the next year…

Month In Motion – January~March 2014

AUDUSD On The Rise After RBA Calls For A Period Of Interest Rate Stability…

During the RBA (Reserve Bank of Australia) Interest Decision on March 4, RBA Governor Stevens once again issued the statement “the most prudent course is likely to be a period of stability in interest rates,” as the official monetary policy, which means that there are no rate cuts on the table for the future, at […]

Australia’s inflation spike likely to force RBA to hold rates

(Reuters) – The laudable desire of Australians to be well educated and healthy is proving an expensive one as escalating costs add to inflationary pressures even as the broader economy slows. The stubbornness of domestic inflation is proving most unwelcome to policymakers who want to…

Australian CPI rises 0.8% in December quarter, YoY up 2.7% in Q4

SYDNEY—Australian consumer prices rose 0.8% in the December quarter and climbed 2.7% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected consumer prices to rise 0.5% from the preceding quarter and 2.5% from a year earlier…

Daily Forex Market Review 11/19/13 (+27.5 pips)

Today’s Trade Result: +27.5 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: […]

Forex News Trading AU RBA Interest Rate 03/05/12

RBA (Reserve Bank of Australia) is expected to keep its borrowing costs at 4.25%, as per general market consensus, after last meeting’s surprise decision of keeping the rates at the same level… Here´s the forecast for this news release: 10:30pm (NY Time) AU RBA Rate Decision Forecast 4.25% Previous 4.25% ACTION: AUD/USD SELL 4.00% The Trade […]

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