
Housing boom might keep RBA steady at tomorrow’s policy meeting
May 04, 2015 08:29 am UTC| Insights & Views
Tomorrow Reserve bank of Australia (RBA) will announce its monetary policy decisions at 4:30 GMT. As of now, RBAs benchmark lending rates remain at 2.25%. Traders would be closely monitoring RBAs decision to gauge...

Aussie dollar eyes on gains amid MPC meet tomorrow
May 04, 2015 08:24 am UTC| Insights & Views
The RBA has surprised markets twice in the past three months, leading to uncertainty about its May policy decision. Q1 inflation was not low enough to trigger an immediate rate cut, but we believe there is room to cut...

Sluggish AU unemployment, consumer confidence data disappoints streets
May 04, 2015 07:58 am UTC| Insights & Views
We are looking ahead to modest employment creation of 4,000 jobs against 37,700 in March as the ABS (Australian Bureau of Statistics) will announce Aprils labour market data on 7th May. The unemployment rate likely goes up...

Pound makes an inverted hammer, while Milliband unveils stone trick
May 04, 2015 07:30 am UTC| Insights & Views
UK political campaign, debates are all heating up as we move to the final week of campaign. Election to be held on 7th May, Thursday. Latest poll shows that Labour party leader ED Milliband is gaining popularity among...

Weak Chinese data calls for further stimulus
May 04, 2015 07:21 am UTC| Insights & Views
Peoples Bank of China (PBOC) since late last year has been providing policy stimulus, however that so far yielded no significant turnaround of weakening Chinese economy. Latest Manufacturing PMI indicates further...
Guide to today’s important data and events
May 04, 2015 07:18 am UTC| Insights & Views
Lot many economic dockets to be released today, focus is on manufacturing PMI across regions. However, volume and volatility might remain low with holiday in UK. Data released so far - Australia - Building permits grew...

AUD surges fortified by Asian stocks, RBA’s policy
May 04, 2015 06:55 am UTC| Insights & Views
The Australian dollar often used as a proxy for Chinese risk which has fallen 20 ticks before recovering to trade at 1.2730.The HSBC Purchasing Managers Index (PMI) showed factory activity in China contracted at its...