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11 May 2018

RBA expected to hold on rates until 2019 - Bloomberg Survey

According to the results of a survey compiled by Bloomberg, economists have pushed out their expectations of a rate hike from the Reserve Bank of Australia (RBA) and now expect the central bank to stand still on rates for the rest of the year.

Key highlights

Majority of respondents expect a rate hike from the RBA in Q2 2019.

More banks are beginning to abandon their expectations of a rate hike in 2018.

Commonwealth Bank of Australia, ANZ have abandoned their 2018 rate hike expectations.

Majority of banks still expecting a 2018 rate hike are set for the fourth quarter.

May 11, 2018

EUR/USD: Not out of the woods yet

The EUR created a doji candle on May 9, signaling indecision or bearish exhaustion and posted gains yesterday, confirming a short-term bullish doji re

Australia: Housing finance approvals pull back - Westpac

After holding relatively steady through most of 2017 and early 2018, Australian housing finance approvals showed a notable pull back in the March mont