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.

Despite Mounting Global Economic Concerns, RBA Holds Again

The Reserve Bank has defied mounting global economic gloom, keeping interest rates on hold for the fifth month in a row and expressing confidence in APRA’s efforts to keep a lid on ­investment lending in the frothy Sydney and Melbourne housing markets. As the International Monetary Fund downgraded its economic growth forecasts yet again, including …

Despite Mounting Global Economic Concerns, RBA Holds Again Read More »

AUD/USD Jumps Above 0.71 as RBA Sits

Australia left interest rates unchanged Tuesday after the local dollar recorded the biggest drop among major currencies last quarter, cushioning the impact of lower commodity prices and a weaker outlook in key trading partner China. Reserve Bank of Australia Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as …

AUD/USD Jumps Above 0.71 as RBA Sits Read More »

Live TV Appearance on Channel News Asia

I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype.  My questions and my responses in the form of brief notes are below: Q1. Global stocks rallied after last week’s disappointing US jobs report. Are we back with ‘bad news is good news’ for equity markets? The main theme here is …

Live TV Appearance on Channel News Asia Read More »