RBA Holds, Yet Aussie Upside Remains Clouded By Resistance | AUD/USD, AUD/JPY, EUR/AUD

A fresh low on RBA's cash rate saw the Aussie tumble.

RBA Cut Rates To A Fresh Record Low

With futures markets implying an 80% chance of a cut, and around 70% of economists also on board, then it was always going to take more than a simple cut to sink AUD today with any vengeance. Yet… Read More

AU Unemployment Rises, RBA To Ease Again In October?

  Headline employment data disappointed, increasing the probability of another RBA cut in their October meeting. Unemployment rose to 5.3% (highest rate since August 2016) +34.7 jobs were added, yet the headline figure was propped up by part-time… Read More

Fed Slams The Dollar | AUD/USD, USD/JPY

Dovish comments from Fed officials has put a 50bps cut in July back onto the table for markets, and markets were quick to respond. Fed’s William’s said current estimates of the US neutral interest rates are around 0.5% and, if… Read More

AUD Bears Get Squeezed As RBA Hold Rates

After much anticipation, the RBA opted to hold rates at 1.5%, making it the 30-consecutive meeting without a change of policy since lowering rates to record lows. That doesn’t mean they’re out of the woods yet though.