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RBA Minutes: Warning over Darkening Global Outlook

The Reserve Bank of Australia has warned that the global outlook has increased risks to Australia’s economy and cautioned that it is too soon to know whether Chinese efforts to spur growth will be effective. The bank also reiterated its warning that any US Federal Reserve interest rate hike – as soon as this week …

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Live TV Appearance on Channel News Asia

I appeared on Channel News Asia again this morning at 8:30am SGT, live from their Raffles Place studio.  My questions and my responses in the form of brief notes are below: Q1. Will Malcolm Turnbull be good for the country in overhauling Australia’s economy? The markets are certainly indicating so. The news is less than …

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AUD/USD Enters New Territory as ASX200 Enjoys 5000

AUD/USD After enjoying and relying upon the key support level at .70 in the last week, the Australian dollar has since drifted lower to new six year lows near 0.69. The round number of 70 cents is significant and is likely to be on traders’ minds as the AUD/USD remains right in touch with the …

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