Outlook on the economic recovery remains uncertain
Fundamental Forex Analysis

Outlook on the economic recovery remains uncertain

Australia’s Council of Financial Regulators (CFR), in its latest report, said the outlook, including the nature and speed of the expected recovery, remains uncertain. Additional takeaways “Financial...

Australian PM Morrison announces $38 bln, second stimulus measures to combat the coronavirus impact
Fundamental Forex Analysis

Australia’s Commonwealth Bank Manufacturing PMI arrives at 49.8 in June vs. 49.3 expected

Australian manufacturing sector improved but remained in contraction this month, according to the latest data released by both the Commonwealth Bank of Australia (CBA) and the Markit Economics on Tuesday. The C...

Must brace for more hard news to take
Fundamental Forex Analysis

Australia’s Preliminary Retail Sales rebound 16.3% in May, AUD/USD picks up bids

Australia’s consumption, as represented by Retail Sales, rebounded sharply in the month of April, the Australian Bureau of Statistics (ABS) reported on Friday. The retail sales arrived at +16.3% month-on-...

Australian PM Morrison announces to lift restrictions on elective surgery
Fundamental Forex Analysis

Australia raises minimum wage by 1.75% or $ 13 a week

In its annual wage review decision online, the Fair Work Commission, Australia’s national workplace relations tribunal, announced that the national minimum wage to the country’s lowest-paid workers will r...

Australia's jobless rate could rise to 11%
Fundamental Forex Analysis

Leading Index remains at recession levels – Westpac

According to Bills Evans at Westpac, the Westpac- Melbourne Institute Leading Index growth rate remains in deep negative territory consistent with an economic recession, despite the sight improvement. Key quote...

Australian Banking Association are to unveil relief plan at 11:00 local time (00:00GMT)
Fundamental Forex Analysis

Australia’s Q1 House Price Index arrived at +1.6% QoQ vs. +2.7% expected

The Australian Bureau of Statistics (ABS) published the residential property price indexes for eight key cities for the March quarter (Q1) on Tuesday. Australia’s Q1 House Price Index arrived at +1.6% QoQ vs. +...

USD/CAD barely reacted to better than expected job data – TDS
Fundamental Forex Analysis

Recovery in payroll jobs continued through May – ABS

According to the latest employment data published by the Australian Bureau Of Statistics (ABS) on Tuesday, the country’s payrolls rose 0.4% between the week ending May 23 and May 30. Additional details Total w...

Temporary changes to the foreign investment review framework
Fundamental Forex Analysis

Health measures to contain coronavirus have come at considerable cost

Australian Treasurer Josh Frydenberg is out on the wires now, via Reuters, expressing his take on the country’s Q1 growth report. Key quotes “Health measures to contain coronavirus have come at considerable cos...

US Jobless Claims to rise by another 5.5 million – Goldman Sachs
Fundamental Forex Analysis

Total payroll jobs fell by 7.3% from Mid-March to early May (seven weeks) – ABS

The Australian Bureau of Statistics (ABS) is out with its latest data on the labor market, reflecting the impact on the country’s employment during the coronavirus lockdown period. Key highlights “Over th...

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Fundamental Forex Analysis

Jobs market starting to recover – ABS Survey

According to the findings of the Household Impacts of COVID-19 Survey, conducted by the Australian Bureau of Statistics (ABS) on Monday, the number of Australians employed is steadily increasing over the month ...