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Australian Dollar Declines as RBA Review Reveals Growing Risks to the Economy

Australian Dollar Declines as RBA Review Reveals Growing Risks to the Economy 2021-04-09 02:00:00 Brendan Fagan, RBA Financial Stability Review Talking Points AUD/USD fell as RBA indicated it is watching home prices and maintaining broad liquidity standards RBA maintained rates at 0.10% as concern grows over whether it can keep rates at 0% until 2024 Housing prices in Australia have risen dramatically over the last 12 months, forcing the RBA to monitor In its semi-annual report on financial stability, the Reserve Bank of Australia (RBA) casted an eye to the domestic housing market, as more people become worried about the wave of rising prices. The RBA indicated it is watching the rise closely, however “rising asset prices are still consistent with low interest rates” according to the bank.

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Euro Stoxx 50 Fades From Post-Pandemic High, Broader Rally Remains Intact

Euro Stoxx 50 Fades From Post-Pandemic High, Broader Rally Remains Intact 2021-04-08 05:00:00 Brendan Fagan, EURO STOXX 50 TALKING POINTS Euro Stoxx 50 declined by 0.34%, settling just below a post-pandemic high of 3,986 Investors shift focus to rising coronavirus cases, Fed minutes, and Eurozone economic data Vaccination continues to be key for Europe, as countries relapse on lockdowns and restrictions European equity benchmarks closed mostly in the red on Wednesday as investors shifted focus to Eurozone economic data and the rise in coronavirus cases. Europe has notably struggled with vaccinating its populous, as distribution bottlenecks and discontent over additional lockdowns take centerstage. The European Union lags counterparties such as the United States, the United Kingdom, and Israel when it comes to vaccinating the greater public. Brussels’ inability to negotiate with suppliers and distribute vaccines to member states has c

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Nasdaq 100, S&P 500 Fall as Markets Digest Powell & Yellen Testimony, Gamestop Earnings

Nasdaq 100, S&P 500 Fall as Markets Digest Powell & Yellen Testimony, Gamestop Earnings
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.

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IBEX 35 and Euro Stoxx 50 May Rise as Eurozone Countries Cast an Eye to Reopening

IBEX 35 and Euro Stoxx 50 May Rise as Eurozone Countries Cast an Eye to Reopening
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.

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AUD/USD Eyes February High After Australian Q4 GDP Beat

AUD/USD Eyes February High After Australian Q4 GDP Beat 2021-03-03 00:30:00 Brendan Fagan, Australian Dollar, AUD/USD, GDP – Talking Points Q4 GDP comes in at -1.1% YoY against an expectation of -1.8% AUD/USD cautiously higher after the release, pushing towards 0.784 The Australian economy looks set to rebound swiftly from the COVID induced recession Advertisement The Australian Dollar climbed after Australian Q4 GDP came in at -1.1% year-over-year (YoY), against an expected reading of -1.8%. The strong beat, coupled with a 3.1% (QoQ) growth rate, compounded recent Aussie strength as the outperformance of the economy attracted more AUD/USD bulls.

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