Blog

Trading Insights from Stuart McPhee
May 7, 2015

Unemployment Rises to 6.2% as 2900 Jobs Lost

Australia’s economy lost jobs for the month of April after two strong months of employment, underscoring the continued fragility of the labor market. The nation’s employment […]
May 7, 2015

Not Following the RBA’s Script

On Tuesday, as widely expected, the RBA cut the official cash rate by 0.25% down to a record low of 2%.   In the day or so […]
May 6, 2015

New Homes Sales Climb to 4 Year High

Sales of new homes in Australia jumped in March to their highest since early 2010 as falling mortgage rates and the lure of rising house values […]
May 5, 2015

RBA Cites Weak Growth Outlook in Cutting Cash Rate to 2%

Australia cut interest rates to a fresh record low in response to a weak economic outlook and to discourage further strengthening in the currency.  Governor Glenn […]