Aussie hits the resistance level The eight biggest and complex U.S. banks evaded a major reproach on their latest “living will” bailout-prevention plans. It is a milestone that reduces the already-remote possibility that any of the firms would be broken up by the government. The Federal Reserve and Federal Deposit Insurance Corp. shocked the firms […]

Read More

Aussie finds the currency lower Along with the Congressional Budget Office, the Joint Committee serves as an official scorekeeper for Congress in assessing the possible influence of unresolved legislation. On the other hand, the committee on taxation has made it transparent that it awaits a dynamic Fed response. Beside the official “score” of the economic […]

Read More

Aussie dollar strengthens The Westpac-Melbourne Institute Leading Index denotes the likely pace of economic activity. Bill Evans, Westpac’s Chief Economist, mentioned “This is the first above trend reading on momentum since mid-year and suggests some of the headwinds to growth evident earlier in the year have eased. That said, the signal still looks fragile in […]

Read More

Aussie consolidates at the support zone The Reserve Bank of Australia (RBA) announced its latest quarterly report on Monetary Policy including updated projections on GDP growth inflation and unemployment over the next few years. In its previous forecasts, the midpoint had hidden inflation meeting 2% by the end of 2018 yielding to 2.5% during 2019. […]

Read More

Aussie is looking down for correction The economic development in the United States has been expanding comparatively so far this year, and the labor market has continued to nourish. The terrible hurricanes that strike Texas, Florida, Puerto Rico, and neighbors in the Caribbean produced exceeding damage and modified many lives and our hearts go out […]

Read More

Aussie bouncing off the Moving Average On January 2017, the Northern Territory continued to trend upward across all states and territories. The trend estimate increased by 0.3% on August when compared with July that led to decrease by 0.4% on passenger vehicles. On September 20, the central bank is expected to proclaim the start of […]

Read More

Aussie Gaining Strength What’s in the News? The first since Trump took office, the nuclear test is a new obstacle for markets that has proven strong in the recent period of tension on the Korean peninsula. Any nation doing business with Kim Jong Un’s government, the US President Donald Trump threatened to increase economic penalty […]

Read More

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

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