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After a summer that has seen large swings in sentiment for the economic outlook, depending on which side of the pond, or indeed which end of the Eurozone you reside in, Australia has stormed into the autumnal months with a stellar set of Q2 GDP figures, providing the catalyst…
After the final bank holiday weekend of the year, UK markets are playing catch up with their overseas counterparts. It was a whip-saw session for markets on Friday night in reaction to the much anticipated speech from Fed Chairman Bernanke at the annual Kansas City Fed conference in Jackson Hole,…
Today saw the first revision of the Q2 GDP figures for both the UK and the US with the UK up first this morning and managing to beat expectations with a revision upwards of 0.1% to 1.2% the strongest quarter on quarter growth since Q1 of 2001. The market was expectation…
Following the alarming drop in existing homes sales figures for the US, as released on Tuesday, yesterday saw more dismal US economic data with both durable goods orders and new home sales disappointing markets. Overall new orders for durable goods rose by a modest 0.3% in July. Drilling further into…
After recent weakness against many of the majors, the Dollar is finally back in vogue it seems, at least looking at its performance over last week and into this week. New and fresh synonyms for ‘risk aversion’ and ‘risk appetite’ are becoming increasingly difficult to fabricate when discussing the Dollar…
The AUD has weakened sharply over the weekend in response to the political uncertainty following the Federal election this weekend. The result is the first hung parliament in 70 years and the lack of clarity over who will take charge of the finances may not be solved for at least…