Australia created 90,000 jobs in November, well above the 50,000 expected. In October, the number of new jobs grew by 178,800. Of the 90,000 jobs, 84,200 were full-time and only 5,800 part-time. The unemployment rate fell two tenths, standing at 6.8% compared to the previous and forecast 7%. This is the lowest rate seen by […]
Tag: Australia
Gross domestic product GDP rises 3.3% quarter-on-quarter and exceeds expectations
Today the data of the Australia’s gross domestic product GDP for the third quarter. The data has been optimistic, exceeding market expectations: Australia’s third quarter real GDP: + 3.3% QoQ (compared to the + 2.6% expected). Australia’s third quarter real GDP: -3.8% YoY (versus -4.4% expected). Final consumption expenditure for the third quarter of Australia: […]
Australia’s goodwill gestures to China will hurt its own industries
Amid deteriorating tensions between Australia and China due to lingering trade problems, China’s highly influential news outlet Global Times warns that the escalation of the trade war with Canberra could adversely affect their own industries. Key Comments: Instead of reflecting on your own comments and movements, Australia has tried to fabricate claims that China sparks […]
RBA will keep the size of the bond purchase program under review
Below are the Key comments from the RBA’s monetary policy statement December, according to Reuters reports, presented by Governor Phillip Lowe: Board do not expect to increase the cash rate for at least 3 years. Board is ready to do more if required. Board keep the size of the bond purchase program under review. Worldwide, […]
AUD / USD looking for a move above the 0.7300 level
A combination of supporting factors helps AUD / USD gain traction on Friday. Upbeat Australian retail sales data provide a modest rally for the Australian dollar. Pessimistic expectations from the Fed continue to weigh on the USD and support the rise in the pair. The pair AUD/USD moves higher during the European session on Friday, […]
AUD / USD with modest losses below 0.7300 level, lacks continuation
A modest short hedging move in the USD puts some pressure on the AUD / USD. The pair’s bulls ignore the optimistic details in the Australian jobs report. Pessimistic expectations from the Fed could limit the USD and help limit the pair’s slide. The pair AUD/USD moves with a negative bias at the start of […]
Australia creates 178,800 jobs in October, well above expectations; AUD / USD maintains negative tone
Australia created 178,800 jobs in October, positively surprising the market, which expected a loss of 30,000 jobs. In September, 29,500 jobs had been lost. October is the best job creation figure since last June. Of the 178,800 jobs created, 97,000 were full-time and 81,800 part-time. The participation rate rose to 65.8% from 64.8% previously, exceeding […]
Fears China cut Australian wine imports amid worsening trade war – ABC News
China halted Australian wine imports, severely impacted Australia’s $ 1 billion worth of wine trade, ABC News reports, citing the Australian Grape and Wine industry group. The Executive Director of the Australian Grapes and Wines Industry Group, Tony BattagleneHe said: “We know there has been no official confirmation of a ban.” “But we’ve heard that […]
Iberdrola will double its renewable capacity in six years with 75,000 million in investments
Iberdrola accelerates in the ‘green race’ with the aim of doubling its power generation power through renewable energy in the next six years. The group that leads Ignacio Galán today presented an investment plan for 75,000 million euros aimed at achieving this goal. This figure implies going from investing 7,000 million a year in 2019 […]
Australian Treasury Secretary Says Economic Recovery Could Be Tainted Without Fiscal Boost
Strong fiscal stimulus is needed without which the economic recovery is likely to falterAustralian Treasury Secretary Steven Kennedy said in an interview with The Guardian on Friday. Key Comments: “The measure would allow the government boost the economy whenever it weakens rather than just after a ‘big hit’ like a pandemic. ” “Given the lack […]
