The Reserve Bank of Australia has warned that the global outlook has increased risks to Australia’s economy and cautioned that it is too soon to know whether Chinese efforts to spur growth will be effective. The bank also reiterated its warning that any US Federal Reserve interest rate hike – as soon as this week […]
RBA Minutes: Warning over Darkening Global Outlook Read More »
I appeared on Channel News Asia again this morning at 8:30am SGT, live from their Raffles Place studio. My questions and my responses in the form of brief notes are below: Q1. Will Malcolm Turnbull be good for the country in overhauling Australia’s economy? The markets are certainly indicating so. The news is less than
Live TV Appearance on Channel News Asia Read More »
Government fears that its push to make dole recipients apply for more jobs would cause a politically damaging increase in measured unemployment have eased, with the latest figures showing a drop in the unemployment rate back to 6.2 per cent. The economy generated more than 17,400 new jobs over the month to August — around
Australian Unemployment Rate Eases to 6.2% Read More »
AUD/USD Despite some relief in the last few days which saw the Australian dollar rally to back above 70 US cents, the bears have jumped back into the market and pushed the AUD/USD to back below 70 cents again. In doing so it has formed a classic reversal candlestick pattern called a pin bar which
AUD/USD Drops Below 0.70 Again as ASX200 Enjoys 5000 Read More »
