The RBA left cash rate unchanged at 1.50% for a record 18th straight meeting And the central bank didn’t really provide any significant changes in language either. Not like that wasn’t expected, but yeah. That has left the aussie still pretty much trapped in limbo against the dollar as AUD/USD barely moved an inch following…
A research note by economists at Citi on the impact of a trade war on the Australian economy They say that Australia isn’t as trade exposed as others and has far less exposure to the US, arguing that the impact to the country will be less than the GDP reduction in China, Korea, Singapore, India,…
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White House trade adviser Navarro in a CNBC interview – Says he does not believe US and china will pursue “action-response” escalation of trade differences —
2200GMT – Federal Reserve Kashkari speaking – On the economy and on monetary policy – At a ‘town hall’ meeting – no prepared text, audience Q&A 2200 GMT – New Zealand business opinion survey
S&P closes below 200 day MA for 1st times since June 2016 The S&P index is closing below the 200 day MA for the 1st time since June 2016. At that time it was for 1 day. The 200 day MA comes in at 2589.83. We will see what tomorrow brings.
That’s the word on the headlines, has given CAD a wee boost I don’t know what an in principle agreement might involve. The devil is in the details and all that.
A slip lower from the CBA PMI, in contrast to the jump in AiG’s PMI earlier today 54.3 in March (lowest since sept September of 2017) – from 55.6 prior Output 53.4 (from 55.3 in Feb) … and to its lowest reading since sept September 2017 also
Is that earnings season is drawing near US equities are off to the to Q2 since the Great Depression. While Trump’s persistent attack on Amazon is affecting FANG stocks and the industry as a whole, there’s a lot of other stories going on in the background too.
ANZ’s look at the weekly US Commodity Futures Trading Commission (CFTC) data is a little different to what you’ll find elsewhere: Summary of the latest report (for the week ending 27 March 2018) from the bank: