M6AMAIN Micro AUD/USD Futures(MAR5)
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Micro AUD/USD Futures(MAR5) News
Australia's Consumer Inflation Expectations Rise to 4.2% in December
ANZ Research Trims 2024 GDP Growth Forecast for Australia to 1.1%
Australian Westpac Leading Index Points to Modest Growth
Insurance Australia Group Limited Analysis and Elliott Wave Forecast [Video]
Australia expects the budget deficit to widen before the 2025 election, with the first interest rate cut possibly occurring in April or May next year.
The mid-year fiscal update shows that due to increased government spending, Australia's budget is expected to further fall into deficit over the next few years, with the Australian election taking place in less than six months. According to the mid-year economic and fiscal outlook released on Wednesday, although the budget deficit for the current fiscal year is expected to slightly narrow to 26.9 billion Australian Dollar (17.1 billion USD), it will widen to 46.9 billion Australian Dollar by 2025-26, accounting for 1.6% of GDP, and remain at or above 1% of GDP. The Treasury also slightly lowered the forecasts for this fiscal year and the next fiscal year due to rising interest rates restraining private sector activity.
Australian Budget Update Set to Highlight Return to Deficits -- Market Talk
Australian Consumer Confidence Wanes in December on More Pessimistic Economic Outlook
Australia Consumer Sentiment Slips on Renewed Concern at Outlook
Australia's Consumer Confidence Drops in Week to Dec. 15
Ugly New Data Exposes Australia's Economic Struggles
Australian Private-Sector Sluggish in December: PMI Report
New RBA Board Represents Continuity
Australia's Private-Sector Business Activity Falls to Three-Month Low in December
The Treasurer of Australia has appointed executives from the Banks and scholars to join the MMF Policy Committee of the Reserve Bank of Australia.
Australia's Treasury Secretary Jim Chalmers has appointed a financial services executive and an academic to join the newly established monetary policy committee of the Reserve Bank of Australia, putting an end to weeks of speculation about who would serve in one of the country's most powerful economic policy-making bodies. Starting in March, the Reserve Bank of Australia will implement a dual committee system, with one committee responsible for the increasingly complex governance issues of the bank, and another committee responsible for setting interest rates. Prior to this, a long-standing independent evaluation of the Reserve Bank found that the current single committee system was no longer suitable.
Australia Names Fry-McKibbin, Baker to RBA's Rate-Setting Board
RBA May Be Getting False Signals From Labor Market -- Market Talk
RBA Needs to Cut Sooner Rather Than Later -- Market Talk
RBA's Hunter Offers No Guidance on Future Monetary Policy
RBA's Views on Jobs Market, Inflation Are Evolving, Hunter Says
Interest rates are falling! Interest rates are falling! Interest rates are falling! Global central banks are racing to prepare for Trump 2.0...
On Thursday, the policymakers of the European Central Bank, Swiss Franc Central Bank, and Danish Central Bank all announced interest rate cuts; this undoubtedly instills confidence that they may continue to adopt easing policies in the coming year to mitigate the impacts of unknown factors such as trade tensions and geopolitical-induced currency fluctuations.