Stuart McPhee

Australian private trader for more than 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.

Citi: Australian Housing is Cooling

The housing market isn’t crashing, but it is cooling, which could force the Reserve Bank of Australia to cut interest rates again, Citi economists say. Stretched valuations that have fuelled speculation of an impending crash had been driven by under supply in the market, which peaked at 49,000 dwellings in 2013-14, versus the RBA’s estimate …

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AUD/USD Back Above 0.7250 after Stevens’ Comments

The Australian dollar jumped back towards one-month highs overnight, shrugging off a new low in iron ore prices after the RBA governor told economists they should “chill out” on the prospects for another rate cut next week. Reserve Bank of Australia’s Glenn Stevens on Tuesday evening told a gathering of business economists that he “happened …

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