Aussie weakens Aussie dollar soared after the release of the neutral estimate. Also, the board will maintain the official cash rate unchanged (1.5%). In the recent speech by Deputy Governor Guy Debelle and Governor Philip Lowe, they stressed on removing the significance of the rate’s inclusion in the July minutes. According to the industry survey, […]

Read More

Greenback consolidates The conclusion of the Federal Reserve’s July meeting was something which we had expected long back. Two main takeaways of the meeting are: 1) There is no change in the interest rates and the much awaited balance sheet reduction will happen by September. 2) The third rate hike about which talks are going […]

Read More

Aussie shifts to bullish In Q2, the Australia’s headline CPI inflation has subdued than expected (1.9%). The Annual underlying inflation has been recorded as the strongest reading since Q4 2015. The inflation figures remain below the target band. (1.8% Y-O-Y). The figures are expected to increase over H2 2017. The end of the mining investment […]

Read More

Greenback makes a recovery The perpetual shortfall in inflation is a major concern for the Federal Reserve presently. The three interest-rate increases and the beginning of reducing the $4.5 trillion balance sheet is a little wobbly because of the slowdown in inflation. The Fed is trying to balance the inflation figures against the major economic […]

Read More

Greenback loses the momentum By the end of the year, due to the slow UK economic growth, Sterling will plunge by double-digits and on an annualized basis the growth will weaken below 1%. The Bank of England is back in action now by maintaining the interest rates. The overall expected growth for the year 2017 […]

Read More

RBA unlikely to raise rates A top RBA official stated that the interest rates would remain at low levels for some time. However, the Reserve Bank of Australia’s (RBA) Deputy Governor Guy Debelle brushed aside the talks surrounding the interest rate hikes in his speech in Adelaide. Guy Debelle said that “Just as the policy […]

Read More

Euro’s mixed outlook The European Central Bank (ECB) President Mario Draghi and his officials are struggling to make some adjustments in their message for the bond-buying program. Draghi will get another chance today to pass on his message in a news conference following the governing council’s meeting. The ECB has pledged to buy $69.1 billion […]

Read More

UK’s unexpected inflation data UK’s Producer Price Inflation covers the price changes in the goods purchased and sold by the UK manufacturers. The producer price inflation report got released yesterday and revealed that the annual inflation rate for the goods purchased slowed down in June and began to decline. The Bank of England’s (BoE) Agents […]

Read More

Euro continues to rise The European Central Bank (ECB) is expected to amend its monetary policy in this week’s policy-setting meeting. The central banks, traders and investors are all waiting for the ECB President Mario Draghi to see how he brings about this policy. Jack Duffy, an MNI reporter said that “One possible shift would […]

Read More

Dollar looks weak The U.S. Federal Reserve Chairwoman Janet Yellen mentioned in her testimony to the Congress that the Fed would increase the interest rates at a slower pace than originally expected. Yellen also said that tightening the labor market would exert pressure on the wage rates. After the U.S. Retail Sales and CPI data […]

Read More