Silver Takes the Spotlight in Volatile Week
The de-leveraging of the commodity market, spilled over into other riskier assets generated a round of liquidation of the markets. Silver was in the spotlight for most of the week sliding close to 17 dollars per ounce, as high frequency investors quickly exited positions. During the week, oil prices were also hammered sliding close to [...]
Australian CPI, Signals Rates are High Enough
Australian CPI conveniently works into the October RBA minutes. In fact q/q CPI rose 0.7% in Q3 versus Q2, a smaller than projected increase following the 0.6% gain in Q2. Y/Y CPI was 2.8% above the level in Q3 of 2009, also below expectations after the 3.1% y/y bit in Q2. Moreover, core inflation measures [...]
Australian Rate Hike Now Seen as 50-50 Chance
The Australian dollar is has appreciated almost 9% this month against the dollar. The hawkish comments of by the RBA had spurred a shift in the pendulum of expectations toward a rate hike next week. In addition to the firm commodity prices and the favorable PMIs from China had helped spur the buying. However, disappointing [...]
Bumpy ride for the Aussie Dollar
Following an impressive show throughout January, The Australian Dollar lost to the US dollar last week but then again gained some ground in early trading today. The pair has been trading throughout the day between 0.9000 and 0.9100 up from 0.8980 last week, a reported 3 weeks low. Earlier today, the AUD was trading at [...]
Aussie falls to a new 2 month low
The Australian dollar today fell to a fresh 2 month low of .8760 versus the US Dollar, from its earlier highs of .9195 from earlier this month. The Aussie-Greenback pair fell primarily on account of the positive investor sentiment on the US economic recovery, which is expected to lead to a withdrawal of stimulus incentives. [...]
Aussie on a 15-Month High
Friday, November 13th 2009, 06:20 GMT The Aussie gained fresh upward momentum on ‘better than expected’ unemployment data alongside firm commodity prices. It touched a new 15-month high by briefly touching 0.9370, its highest point since late Aug-08. The pair (AUD/USD) posted an intraday high of 0.92820 and is currently trading at 0.92784, against the [...]
Kiwi Gains against Aussie after Dairy Payouts
Tuesday, November 10, 2009, 07:44 GMT The Kiwi rose against most major currencies on improving raw material prices in New Zealand after the Fonterra dairy payout. The Kiwi gained fresh strength against the AUD, particularly on the news of Fonterra Cooperative Group Ltd. announcing a 20% stronger dairy payout to farmers. Economic growth in New [...]
RBA Statement Pushed AUD Upwards…
06th Nov 09, 0630 GMT AUD has gained an upside momentum after the RBA has issued its latest statement that it will keep on hiking the interest rates in the weeks to come. The statement fuelled the AUD which appears to be headed for another positive close in today’s session. Australia has already hiked its [...]
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