RBA

Forex News: Reserve Bank of Australia Intervenes by Buying AUD

Basil Fayad — Tue, 28 Oct 2008 04:09:29 -0400

Reserve Bank of Australia has intervened for 3 days in a row in the markets by buying AUD against other currencies trying to bolster AUD. It has fell from .6749 on Friday all the way to .6009 over the last few days.

Forex News: RBA Monthly Bulletin Out at 9:30 PM EDT

Basil Fayad — Wed, 17 Sep 2008 21:32:41 -0400

RBA Monthly Bulletin due out at 9:30 PM EDT containing relevant articles, speeches, tables and detailed anlaysis of current and future economic conditions. If it is very hawkish it is usually good for AUD. AUD has been losing ground to recent lows and considering the financial unstability in the US it will be a reflection of uncertainty in Aussie markets. It is believed that traders may be suspecting importers of buying protection through options to hedge against further aussie weakness

Official Release: http://www.rba.gov.au/

Forex Trading: Royal Bank Of Australia Rate decision due to be announced at 12:30 AM EDT

Greg Michalowski — Mon, 01 Sep 2008 15:31:02 -0400

The Royal Bank of Australia is largely expected to cut rates by 25 basis points tonight at 12:30 AM EDT. At the last meeting the central bank hinted strongly that the current policy was restrictive and they would therefore be cutting rates. The question is how fast rates will come down. There is always a chance that they cut by 50 basis points. However, this is not likely given the level of inflation which came in at 4.5% YoY in June.

Australia has benefitted from strong demand of mining and raw materials from China. The thought is that the demand will slow as the global economy slows. As a result, there may be larger rate cuts in the future as growth slows.

Forex News: Reserve Bank of Australia Governor Lowe Speaks in Sydney 7:15 PM EDT

Basil Fayad — Tue, 12 Aug 2008 19:16:07 -0400

Australian Banks remain highly profitable. Also that mortgage arrears are likely to rise from low levels. There is no case for government intervention in the mortgage market.

Forex News: AUD RBA Assistant Governor Debelle Speaks in Sydney 7:45 PM EDT

Basil Fayad — Sun, 27 Jul 2008 19:46:19 -0400

Signs of improvement in securitization market. Look for minutes below:

http://www.rba.gov.au/

Forex News: Reserve Bank of Australia Minutes to be released at 9:30 PM EDT

Greg Michalowski — Mon, 16 Jun 2008 21:10:27 -0400

The RBA will release the minutes to the Boards June Interest Rate setting meeting. The AUDUSD has rallied up in anticipation of more hawkish comments.

For what it is worth, after the meeting Glenn Stevens made the following statement:

"At its meeting today, the Board decided to leave the cash rate unchanged at 7.25 per cent.

Inflation in Australia has been high over the past year in an environment of limited spare capacity and earlier strong growth in demand. In these circumstances, the Board has been seeking to restrain demand in order to reduce inflation over time.

Forex News: Key central bankers to speak tonight.

Greg Michalowski — Thu, 03 Apr 2008 15:25:48 -0400

Tonight Glenn Stevens, Governor of the Reserve Bank of Australia speaks at 6:00 PM to Parliament. His comments will be important especially in light of the no change in policy at the last meeting and what was thought to be softer comments on the economy.

Also speaking tonight is the Fed's Janet Yellen at 8:00 PM. She will be speaking on the US economy at Stanford University.

Finally, Feds' Mishkin will be speaking in NY at the Princeton Club.

Given the magnitude of the employment report tomorrow, the comments out of the Fed officials will probably not be market moving. Mr. Stevens testimony, however, has the potential to cause some action

RBA Rate Hike according to a wire poll

Greg Michalowski — Tue, 22 Jan 2008 20:15:10 -0500

8 out of 11 economists expect a Reserve Bank of Australia rate hike at the next meeting in February.

RBA Governor Stevens on wire again

Greg Michalowski — Fri, 18 Jan 2008 09:05:58 -0500

Not that distressed by the strength of the AUD.

China can cope with slower G7 growth.

AUDUSD remains supported on comments

Royal Bank of Australia Governor Stevens on wires

Greg Michalowski — Fri, 18 Jan 2008 08:22:24 -0500

An RBA governor is on the wires saying uncomfortable high inflation evident in Australia. The AUDUSD has jumped from 0.8785 to a high of 0.8824 on the headline.