Category Archives: Australian Dollar
AUDUSD Slides Back Under 0.80 After RBA Warns Over Strong Exchange Rate
The AUDUSD has faded overnight gains and was trading near session lows after the RBA kepts its interest rate at 1.5% as expected and previewed last night, however in an echo of last week’s comments from Lowe, the central bank flagged that a stronger AUD was expected to contribute to subdued price pressures and was […]
Global Stocks Slide On Trump Probe Report, Fed Indigestion
Is it going to be another May 17, when US stocks tumbled as concerns of a Trump impeachment over obstruction of justice and impeachment surged ahead of Comey’s tetimony? Overnight, S&P500 futures accelerated their decline following yesterday’s WaPo report that Special Counsel Mueller has launched a probe into potential obstruction of justice by Trump… … […]
Europe, US Futures Slip Despite Brent Bouncing Back To $51
Asian stocks rose lifted by commodity names; European equities trade mostly lower but with little in the way of conviction or firm direction while the Italian banking index is at the highest level in a year following domestic earnings; S&P index futures are modestly in the red after the cash market closed at a record […]
Oil Fireworks Unsettle Global Markets Ahead Of Payrolls Report
With all eyes on crude, following last night’s mini flash crash which sent WTI lower by 3% from just above $45 to under $43 in under 10 minutes, equity markets, generally quiet overnight, have taken on a secondary importance ahead of today’s key risk event, the April payrolls report (full preview here). In global equities, […]
Rate Hike Hammers Dollar; Stocks, Bonds, & Bullion Soar
Before we start, we want to point out that if the Atlanta Fed GDPNOW forecast of 0.9% for Q1 is correct, this will be the weakest economic backdrop for the economy for a rate hike since 1980!! (according to Bloomberg data). All we can say is… The reaction post-Fed was dramatic to say […]
Global Stocks Rise, S&P Futs Flat As Dollar Rebounds Ahead Of Critical Week For Markets
European bourses advance and Asian share rose led by a surge in Hong Kong stocks which rose the most in three months as Japan hit 15 month highs. U.S. futures are little changed along while the dollar rebounded from session lows after Friday’s selloff. Crude oil has continued its retreat, down 0.2% and sliding for […]