RBA cuts rate by .25% ; Aud weakens slightly

Written October 31, 2011 at 11:43 PM EST by  

The RBA cut its benchmark interest rate to 4.5% causing further weakness in Aud. Aud/Usd trades at 1.0480, off 20 points since release.

RBA went on to say inflation is now likely to be close to its target.

Archived in Forex News

China’s HSBC Manufacturing PMI

Written October 31, 2011 at 10:32 PM EST by  

China Manufacturing PMI survey from HSBC was released at 51.0 in October, back above the expansionary threshold and better than the borderline release of 49.9 the prior month.

Taiwan Manufacturing PMI

Written October 31, 2011 at 10:02 PM EST by  

Taiwan Manufacturing PMI survey from HSBC was released at 43.7 in October, still in a contractionary state and worse than the prior release of 44.5. The risk market has moved off their session and weekly lows, although the market had no reaction to this release.

China’s Fix

Written October 31, 2011 at 9:20 PM EST by  

China has set the Yuan reference rate to 6.3293 against the USD today.

Aussie House Price Index

Written October 31, 2011 at 9:18 PM EST by  

The Aussie House Price Index was released weaker on a year over year basis and we see the AUDUSD pair trading on session lows after a worse PMI reading out of China and more importantly the market anticipating a 25 basis point cut in Cash Rate later today. The details are as follows:

  • House Price Index (QoQ) – Survey:-1.5%   Actual:-1.2%   Prior:-0.1%
  • House Price Index (YoY) – Survey:-1.8%   Actual:-2.2%   Prior:-1.9%

China’s Manufacturing PMI

Written October 31, 2011 at 9:13 PM EST by  

China’s October Manufacturing PMI came in worse than expected at 50.4 versus the consensus of 51.8 and also worse than the 51.2 reading in September. Risk products moved to weekly lows on the worse than expected release as we see the EURUSD pair hovering above the 1.38 handle.

South Korean Trade Balance

Written October 31, 2011 at 8:11 PM EST by  

South Korean exports declined in October as did imports, but the decline in the latter benefited a better than expected Trade Balance as the market is very quiet into the Nikkei open.

  • Trade – Export (YoY) – Survey:10.9%   Actual:9.3%   Prior:19.6%
  • Exports in USD – Actual:47357M   Prior:47118M
  • Trade – Import (YoY) – Survey:22.3%   Actual:16.4%   Prior:30.5%
  • Imports in USD – Actual:43066M  Prior:45683M
  • Trade Balance in USD – Survey:2820M   Actual:4291M   Prior:1435M

South Korean HSBC Manufacturing PMI

Written October 31, 2011 at 8:05 PM EST by  

South Korean Manufacturing PMI survey from HSBC was released at 48.0 in October still in a contractionary state, however better than the prior release of 47.5. Risk is inching higher here early in the Asian session.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 1000