Shares of Australia are heading for a stronger start on Tuesday as metal prices are likely to rise amid political uncertainty in Guinea, with investors sidelined ahead of the central bank's September policy meeting. Investors are waiting for the Reserve Bank of Australia's (RBA) policy meeting; the sentiment seems somewhat tense as authorities struggled to [...]
Federal Reserve Chairman Powell's long-anticipated speech on last week Friday at Jackson Hole provided fireworks but not quite what the market had expected. The dollar is at a several-week low today after Federal Reserve Chairman Jerome Powell said the storm that hit the oil fields in the Gulf of Mexico was slower than expected. The [...]
Aussie is on the back foot upon Aussie CAPEX smashes as well as virus concerns weighing on the quote. Australia’s second-quarter CAPEX survey has been released and beats expectations by a mile. Australia Q2 New Capital Expenditure +4.4 pct QoQ s/adj (Reuters poll +2.5 pct). Australia Q2 Building CAPEX +4.6 pct QoQ, s/adj. Australia Q2 [...]
Aussie draw-out its second day low on today market session after the release of RBA minutes. The Aussie pair reacted to the recent RBA monetary meeting. Recent RBA minutes highlight the impact of the corona virus on the Oz economy, saying that "recent eruptions of the delta variant of Covid-19 have hampered recovery". In Monetary [...]
