AUD/USD

RBA Not Expected to Move Yet after Inflation Data

The dollar jumped and any lingering chance of a Reserve Bank of Australia official rate cut next week was all but wiped out in financial market betting after December quarter headline inflation came in slightly above expectations. Consumer prices rose 0.4 per cent from the September quarter and 1.7 per cent from a year earlier, …

RBA Not Expected to Move Yet after Inflation Data Read More »

Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD

Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, specifically the ASX200 index, AUD/USD, RBA and Fed plans, ECB, and China’s woes.   Specifically I was asked about the surge higher today in teh ASX200 index and whether I thought it could be sustained. We talked …

Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD 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. China is expected to report today that its economy grew at around 7% last year, the slowest pace in a quarter-century. Will the news going to depress …

Live TV Appearance on Channel News Asia Read More »

AUD/USD near Seven Year Low at 0.6850

The Australian dollar has skidded to a seven-year low as commodity prices plunge and global stock markets tank on concerns around the Chinese economy and broader global growth prospects. At 7.20am (AEDT), the local unit is trading at US68.61c, down from US69.54c on Friday. The currency plunged to US68.27c during the Saturday morning session, the …

AUD/USD near Seven Year Low at 0.6850 Read More »