2020 T1 W10

MARKET MOVERS Stocks Up, Economy Down – 19th April Adam Bi The coronavirus is still torturing the global economy with bleak data keeps coming. China on Thursday announced its GDP shrank 6.8% in the first quarter of 2020, the lowest in its recorded history, which foreshadows the pain expected in the U.S. and around the … Read more

2020 T1 W9

MARKET MOVERS Underwhelming US Job Data – 12th April Adam Bi Before the Coronavirus pandemic spread globally, U.S. unemployment rate was at its 50-year lows. Due to social isolation measures, U.S. unemployment rate is soaring at an alarming speed. The Labor Department reported on Thursday that another 6.6 million people made new jobless claims-applications by … Read more

2020 T1 W8

MARKET MOVERS ADP and NFP – 6th April Will Liu Last week saw the release of the ADP and the NFP, two hard hitting employment related statistical release that often create large, but short-lived moves in the forex market. For a bit of context, the ADP and the NFP figures for Non-Farm Employment Change differ in many … Read more

2020 T1 W7

MARKET MOVERS Government Initiative Halts Falling AUD29th March Allan Liao On the 19th March, the RBA announced a rate cut of 25 basis points to 0.25 through a $90Billion quantitative easing program in order to counter the economic impact of domestic lockdown. As of Thursday 26th March, AUD$9Billion worth of government bonds maturing in Dec 2021 July … Read more

2019 T2 W4

WHAT MOVED THE MARKET US Federal Reserve Interest Rate Why is the US – Federal Reserve Interest Rate so important? The US Federal Reserve chose to keep rates steady at 2.5%, however indicated a rate cut could occur in the not too distant future. Jerome Powell commented on the slowing wage increases coupled with growing … Read more

2019 T2 W3

Market Movers US – Mexico Trade Deal Why is the US – Mexico Trade Deal so important? Trump has reached a deal with Mexico and agreed to abolish the 5% tariffs on all Mexico goods coming into the US. This agreement is a significant milestone and has prevented the US-Mexico- Canada agreement from deteriorating further. Currently, USA … Read more

2019 T2 W2

WHAT MOVED THE MARKET RBA Monetary Policy Decision & Domestic Retail Sales Why is the RBA Monetary Policy Decision important? Any changes to interest rate or outlook by the RBA, including dovish or hawkish tone, will impact the value of the AUD. Therefore, rate decisions and the RBA Monetary Policy Statement are vital to gauge how the … Read more

2019 T2 W1

Market Movers Chinese Manufacturing PMI – 31st May Why is the Chinese Manufacturing PMI important? The Chinese Manufacturing PMI is a leading indicator of China’s economic health. The purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy. Above 50.0 indicates industry expansion, while below 50.0 means contraction. … Read more

2019 T1 W10

WHAT MOVED THE MARKET Australian Inflation Data 24th April Why is the Aussie Inflation Data important? The Australian CPI (Consumer Price Index) Data is important as it provides the central bank with key information about the state of the economy. This indicator is also a vital future guidance for investors to gauge whether the RBA … Read more

2019 T1 W9

WHAT MOVED THE MARKET RBA Meeting Minutes 15th April What is the RBA Meeting Minutes and why is this report important? The Meeting Minutes is a detailed record of the RBA Board’s most recent meeting, providing in-depth insights into the economic condition that influenced Board members’ decision to either maintain, cut, or hike interest rates. … Read more