EUR Comes off Two-Month High to Close Out Week
February 10, 2012 1:03 pm by Dan EduardThe EUR/USD came off a two-month high today, following fresh concerns that Greece could soon default on its debt. The pair spiked as high as 1.3322 yesterday, after Greece reached a deal on austerity measures late in the European ...
USD/JPY Continues to Make Gains
February 7, 2012 3:55 pm by Dan EduardThe US dollar extended its recent bullish run on the Japanese yen today, with the pair reaching as high as 76.85 before staging a slight reversal. In addition to a positive US jobs report from last week, the pair’s ...
Australian Employment Figures Lift AUD
October 13, 2011 2:50 pm by Greg HoldenThe value of the Australian dollar (AUD) made a jump in today’s early trading following reports from the Australian Bureau of Statistics that employment saw modest growth in September. The Employment Change figure was forecast to see an expansion of ...
Australian New Home Sales Down 8.7%
August 1, 2011 3:47 pm by Greg HoldenAn economic report from the Australian Housing Industry Association (HIA) remarked this morning that the sale of newly constructed homes declined in June by 8.7%, month-on-month. The previous month’s contraction by 0.2% had spooked investors only mildly last month, but ...
Australian PPI Sees Growth Near 1%
July 27, 2011 3:18 pm by Greg HoldenThe Reserve Bank of Australia (RBA) published data on its producer price index (PPI) this morning revealing solid inflationary growth. Expectations for the quarterly figure were for a mild 0.7% on both the nominal reading and its trimmed mean (i.e. ...
Australian Leading Index Declined in May
July 20, 2011 3:08 pm by Greg HoldenThe Melbourne Institute’s (MI) measurement of Australia’s Leading Index, a composite index of nine economic indicators, revealed a contraction of approximately 0.1% occurred in the month of May. The indicator tends to have little impact on currency values given the ...
Aussie Motor Vehicle Sales Depict Slowing Economy
July 18, 2011 5:03 pm by Greg HoldenThe Australian Bureau of Statistics (ABS) released its monthly report on motor vehicle sales this morning to reveal two conflicting data movements with an ominous under-tone. Though overall vehicle sales were up 1.3%, overturning the previous two months’ negative movement, ...
Australia Holds Rates Steady, Trade Surplus Rises
July 5, 2011 8:39 pm by Greg HoldenThe Reserve Bank of Australia (RBA) held their short-term interest rates steady at 4.75% this morning, meeting analyst expectations. The value of the Australian dollar (AUD) was largely affected in a bizarre neutral fashion. The currency appears to be holding ...
Aussie Slumps to 4-Day Low vs. USD
April 19, 2011 2:37 pm by Greg HoldenThe Australian dollar (AUD) remains bullish in spite of monetary tightening in China. However, the concerns that restricted bank requirements for Chinese banks would impact its Pacific neighbors initially drove the Aussie to a 4-day low against the US dollar ...
Aussie Dollar Inching Lower as China Hints at Policy Adjustment
April 15, 2011 4:25 pm by Greg HoldenTalks of a possible tightening of China’s monetary policy has a number of Pacific traders adjusting their portfolios ahead of the move, which has apparently caused a draw-down in the strength of the Australian dollar (AUD). The Aussie’s recent bullishness ...
