OctaFX | OctaFX Forex Broker
Open trading account
Back

Australia: Mixed economic fortunes – ANZ

New data on the Australian economy has been mixed, with inflation and retail sales a bit softer than anticipated and while the labour market continues to outperform though, with employment growing for 12 consecutive months, the longest uninterrupted streak since 1994, explains the research team at ANZ.

Key Quotes

“The RBA is expected to remain fairly positive about the growth outlook in its November Statement of Monetary Policy. However, it will likely be more cautious on the near-term inflation outlook, given the continued sluggishness of wage growth. Friday’s SOMP should see no significant changes and thus we are not expecting a market reaction.”

Fed: Banking on the Phillips curve – Rabobank

Philip Marey, Senior US Strategist at Rabobank, explains that recent US data confirm that core inflation continues to undershoot the Fed’s 2% target a
Read more Previous

EUR/SEK finds support near 9.7000

The now softer tone around the Swedish Krona is helping EUR/SEK to clinch fresh daily highs in the vicinity of 9.7400 the figure. EUR/SEK bid after R
Read more Next
Start livechat