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Thursday, 10 March 2016
News

Aussie fell below 0.75 handle in an overnight trade

There were no major data releases from Australia yesterday. The Aussie traded above 0.75 on Wednesday but could not hold. New Zealand’s Reserve Bank has made a surprise cut of 25 basis points to the country’s cash rate, taking it to a record low of 2.25 per cent. In a statement, the central bank said that the outlook for the global economy had deteriorated since December, due to weaker growth in China and slower growth in Europe. Economists had broadly expected New Zealand’s cash rate to be left on hold this month.
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Tuesday, 08 March 2016
News

China Trade Balance data shows further weakness in the economy

Chinese trade data produced another horror show in February with steep declines registered in both imports and exports for the month. From a year earlier exports fell by 25.4%, more than doubling expectations for a decline of 12.5%. Not only was it far steeper than the 11.2% contraction seen in January, it was also the largest seen since May 2009. That was only months after the height of the global financial crisis. Read more...
Monday, 07 March 2016
News

Aussie gapped lower, but remains above 0.74 handle

There were no data releases from Australia this morning. After it was initially pushed lower, Aussie managed to stay above 0.74 handle. The AUD rally may be somewhat overextended in the near term. The Reserve Bank of Australia kept rates steady for a 10th month at 2 percent, citing reasonable prospects for continued growth at home. Read more...
Tuesday, 01 March 2016
News

China's Manufacturing PMI at a seven-month low

China’s factory gauge extended its stretch of deteriorating conditions to a record seven months while a measure of services fell to the weakest in seven years, underscoring the challenge for policy makers as they seek to cut overcapacity in manufacturing without derailing growth. Read more...

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