Australia

Once again corporate news is kicked into the shadows with the main trades around economic data, although IG analyst, Axel Rudolph chooses full-year numbers at FirstGroup as a potential mover.

2023-06-02T13:44:57+0100

Escalating inflation and burgeoning wages prime the stage for a probable 25bp rate increase from the Reserve Bank of Australia in the upcoming meeting.

2023-06-02T03:38:17+0100

The Australian Dollar slipped after China’s primary manager’s index (PMI) data missed estimates, adding to concerns about the global growth outlook and if the slowdown continues, will it sink AUD?

2023-05-31T05:03:54+0100

The Australian dollar slid lower after the unemployment rate ticked up; it might be a case of bad news is good news for the RBA and the inflation fight and the overnight low has held so far.

2023-05-18T04:18:19+0100

The Reserve Bank of Australia (RBA) restarted its interest rate hikes on 2 May after 10 consecutive rate rises. This hurts some parts of the economy, but some companies will benefit from higher interest rates.

2023-05-08T05:59:44+0100

Malaysia-focused BNPL company IOUpay has entered voluntary administration in the wake of fraud allegations involving a leading figure in the Western Australian mining sector.

2023-05-05T07:18:27+0100

Australia inflation eased from the previous quarter but slowed less than expected; persistent price pressures leave the door open for further RBA tightening and what’s next for AUD/USD?

2023-04-26T04:01:24+0100

Minutes of the RBA April meeting showed members considered the case for a 25bps rate hike; upbeat China GDP data bodes well for the economic outlook and what’s next for AUD/USD?

2023-04-18T07:02:50+0100