November 30, 2017

Finport Currency Brief - Courtesy of Compass Global Markets.

Despite the solid support the AU$ appears to enjoy against the US$ around these levels, having bounced around in a 0.0170 point range for the whole of November, the local currency is suffering versus the other...

November 22, 2017

Finport Currency Brief - Courtesy of Compass Global Markets.

The clarification from the Reserve Bank Governor that he sees the next most likely move in interest rates as up, has the A$ continue its recovery. That and the minutes from the US Central Bank meet, which saw...

November 21, 2017

Finport Currency Brief - Courtesy of Compass Global Markets.

The A$ had a solid bounce off our recently discussed support levels as RBA Governor Lowe suggested that the next move in interest rates, when it comes, is more likely to be up.  This was an unexpected clarific...

November 21, 2017

Finport Currency Brief - Courtesy of Compass Global Markets.

The A$ has been held at recent lows by another bout of healthy US data, (the "US Leading Index" had its third consecutive increase), whilst the RBA has just released its minutes from the most recent meeting an...

November 19, 2017

Finport Currency Brief - Courtesy of Compass Global Markets.

The Australian Dollar posted a near 2% fall last week as data that showed weaker wages growth, a lower number of new jobs and a fall in commodity prices outweighed a drop in the unemployment rate to just 5.4%....

Finport Currency Brief - Courtesy of Compass Global Markets.

The Australian Dollar has held firm with yesterdays release of a lower rate of domestic unemployment here, but an uptick in weekly jobless claims from the US. There is no economic data due until next week, so...

Finport Currency Brief - Courtesy of Compass Global Markets.

The Australian Dollar had our favoured move this week but failed to hold support levels yesterday and fell away due to a continuation of weak wage price inflation data. Although that was the excuse in mainstre...

Finport Currency Brief - Courtesy of Compass Global Markets.

The Australian Dollar held firm at important technical lows as doubts surface over US tax reforms and as a member of the Federal Reserve suggested their interest rates should stay lower for longer. This outwei...

November 14, 2017

Data just released shows that "Business Conditions" rose to a 21+ index points in October, up from +7 in September and at an all time high since the index began in 1997.  

"Business Confidence" was also on the up and holds above its long term average. 

The A$US$ has jump...

Finport Currency Brief - Courtesy of Compass Global Markets.

The Australian Dollar has dropped 0.75% as commodity currencies were sold off and as the political situation grows even more dire - despite a smiling and waving PM at APEC. Newspaper coverage of our minority G...

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