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.

AUD/USD Drops to Below 0.73 after China Manufacturing Data

A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, throwing a pall over growth in the world’s second-largest economy.  The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI) came in at 48.2 this month, the Chinese media group said in a joint statement with Markit, a …

AUD/USD Drops to Below 0.73 after China Manufacturing Data Read More »

RBA Might Be Finally Leaving the Australian Dollar Alone

The Reserve Bank of Australia finally appears happy with the level of the Australian dollar, as governor Glenn Stevens’s main concern has now switched to long-term growth trends and the need for fiscal reform.  Australia’s secular slowdown, and the reasons for it, took centre stage at the governor’s annual address to the Anika foundation in …

RBA Might Be Finally Leaving the Australian Dollar Alone Read More »

AUD/USD Drops to Six Year Low Near 0.7350 after Yellen Comments

The Australian dollar took another hefty hit overnight, falling to a fresh six-year low as Fed chair Janet Yellen signalled the US central bank could lift interest rates as early as September.   Adding to pressure for commodity currencies, Canada cut its benchmark interest rate for the second time this year to shield the country’s economy …

AUD/USD Drops to Six Year Low Near 0.7350 after Yellen Comments Read More »