Entries Categorized as 'Reserve Bank of Australia'

Updated! Salaries of Central Bank Governors

Date March 26, 2009

The job of turning around the global economy lies of the shoulders of just a few people and in this group includes central bank governors. With such a tall task at hand, it leads me to wonder what are the people with such power and responsibility making. Is it enough to compensate for [...]

Canadian Dollar Hits Targets

Date March 3, 2009

After the Bank of Canada cut interest rates by 50bp this morning, my target of 0.8350 in AUD/CAD has been reached. Yesterday, when the currency pair was trading at 0.8122, I argued that the possibility of the Reserve Bank of Australia leaving rates unchanged and the possibility of the Bank of Canada being more dovish [...]

Australia and Canada Rate Decisions

Date March 2, 2009

Over the next 24 hours, there will be 2 interest rate decisions. The first one will be from the Reserve Bank of Australia at 10:30pm ET or 3:30 GMT and the second will be from the Bank of Canada at 9:00am ET or 2:00 GMT. Both central banks are expected to cut interest [...]

Australia Rate Decision - RBA Has 3 Choices

Date February 2, 2009

Compared to other G10 nations, the slowdown in the Australia’s economy has not been as deep. Of the eight major central banks, Australia currently has the highest interest rate. This evening, the RBA will be faced with the tough decision of cutting interest rates once again. The market is currently looking at [...]

Australian Dollar (AUD/USD): Headed to 70 Cents?

Date December 15, 2008

I really like the Australian dollar for a variety of reasons:
Technically, the currency pair is trading in the Buy Zone, which I establish using Bollinger Bands. But more importantly, in addition to being in the Buy Zone, it has broken out of a triangle and is trading above the 50-day Simple Moving Average. [...]