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News

Currency specialists FC Exchange have taken a look at upcoming economic data releases to see what could impact the markets as 2016 comes to a close.

AUD, GBP, EUR, USD, NZD, CAD Exchange Rate Forecast: December 2016

23 December 2016 In: Finance, Economy, General

AUD The Australian dollar won’t be able to react to ecostats as the nation goes quiet on the publishing front over Christmas with only one notable release. Australian private sector credit data may influence the Aussie dollar moderately on Friday 30th December and it’s possible it may enable slightly more AUD movement than usual considering how little data there is available to the market that day. Additionally, the Aussie is likely to be sensitive to…

US GDP Climbs as Canadian Inflation Falls

22 December 2016 In: Finance, Economy, General

AUD Exchange Rate Fluctuates on Commodities The Australian dollar has been fluctuating on account of commodity prices and global developments in a very quiet end to the week for Australian ecostats. The period between Christmas and New Year will also be quiet on the domestic data front with only Australia’s private sector credit numbers due out on Friday 30th December. However, 1st January will see the release of China’s NBS manufacturing and non-manufacturing purchasing manager’s…

China’s Smog Pushes Aussie (AUD) Lower

21 December 2016 In: Finance, Economy, General

Australian Dollar (AUD) Offered Little Support from Iron Ore Prospects The Aussie dollar had little support from Australia’s iron ore outlook on Wednesday after China, the largest trading partner of the Trans Tasman nations, halted activity in many of its steel mills and faced output reductions in order to harness emissions. Thick smog has covered plenty of China’s cities including Beijing for four days running. Australia’s biggest commodity is iron ore and so these Chinese…

Geopolitical Concerns cause European Losses Amid RBA Stability

21 December 2016 In: Finance, Economy

Australian Dollar (AUD) The Australian dollar rose against currencies such as the pound (AUD/GBP) and euro (AUD/EUR) after the RBA’s latest minutes suggested that the central bank would be holding interest rates steady for the foreseeable future – remaining at a record low of 1.5%. The minutes read: ‘In considering the stance of monetary policy, members discussed the policy decisions made throughout the easing phase since late 2011, during which the cash rate had been…

Emigrate to Australia: Trump No 1 Facebook star

13 December 2016 In: Migration

Emigrate to Australia where Donald Trump, Prime Minister Malcolm Turnbull and shark attacks made up the top three Facebook posts. Around the world over 289 million people created 10 billion likes, comments, shares and original posts between March and US election day in November. Aside from Malcolm Turnbull, right-wing Aussie politician Pauline Hanson was the only other politician to make the top 10. See below for this year’s Top 10 “most talked about” Facebook subjects…

Emigrate to Australia: Brisbane house price drop

13 December 2016 In: Property

Emigrate to Australia where average house prices fell by 1.6 per cent in the September quarter, compared to the previous three months. House prices in the Queensland capital may be falling but property prices overall have increased by 4.1 per cent over the past 12 months. The average unit price of $440,000 is down 1.1 per cent compared to same time in 2015, according to the Real Estate Institute Queensland. “The cost of apartments and…

Australian Dollar fails to remain strong

13 December 2016 In: Finance

Australian Dollar was hit by an increase in demand for oil, the primary reason for the risk-rally, and prices of iron ore (Australia’s most lucrative commodity) continue climbing, according to currency specialists TorFX Despite this, recent downside factors in Australia’s domestic news as well as strength in the Pound have allowed GBP AUD to remain sturdy. The latest Australian ecostats include Australia’s business confidence results from NAB which came in at 5, as well as Australia’s…

Australian Dollar suffers limited confidence

12 December 2016 In: Finance

Australian Dollar remained flat during Monday financial trading as domestic data did little to shore up the ‘Aussie’, according to currency specialists TorFX Australian Dollar could be bolstered by tomorrow’s NAB business confidence index for November, providing that domestic sentiment is shown to have strengthened on the month. New Zealand Dollar – Despite another dip in REINZ house sales in November, the New Zealand Dollar has remained on a stronger footing. Although there are signs…

Travel to Australia: record numbers visit SA

11 December 2016 In: Travel

Travel to Australia where international visitors spent $970 million in South Australia during the past year, up 19 per cent on the previous year. More people visited SA than any other region of Australia. The Federal Government’s International Visitor Survey results show from September 2015 to September 2016: The Adelaide Hills attracted 8,000 visitors who stayed 91,000 nights in the region. South Australia attracted a record 430,000 international visitors – a 9.6 per cent increase…

Work in Australia: U-turn on backpacker tax

10 December 2016 In: Jobs

Work in Australia where the government wanted to introduce a tax rate of 32% on working holiday-makers. A compromise was put forward last week but it was rejected by the Australian parliament. Now senators have voted to pass a bill establishing a 15% income tax rate for temporary foreign workers. The tax rate, applied to overseas workers engaged in short-term employment in Australia, has been a controversial issue for the past 18 months. Farmers and…

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