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Thursday, August 8, 2024

Asia Market Movers: AUD/USD maintaining its session highs after RBA Governor Bullock hawkish again

AUD/USD maintaining its session highs after RBA Governor Bullock hawkish again

Bullock was hawkish earlier on the week: RBA leaves cash rate unchanged at 4.35%, as expected RBA governor Bullock: Inflation progress has been slow for a year now RBA governor Bullock: A rate cut is... 

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RBA Governor Bullock: Don't expect to be back in 2-3% target range until end of 2025

Reserve Bank of Australia Governor Bullock, in a speech in her home town of Armidale, NSW: Vigilant to inflation risks, will not hesitate to hike if needed. Repeats, board judged current rates still m... 

Reserve Bank of Australia Governor Bullock

Speech by Michele Bullock, RBAGovernor: Economic Conditions in Post-Pandemic Australia with a Regional Lens Live link here On Tuesday we got the latest decision from the RBA (on hold) and a press conf... 

Japan finance minister Suzuki says no comment on BOJ Uchida's remarks

Japan finance minister Suzuki: Monetary policy specifics are up to the BOJ to decide No comments on Bank of Japan Deputy Governor Uchida's comments Closely watching market developments Aim to support... 

Goldman Sachs say a stock market plunge could reduce US GDP growth, hit Fed policy

In summary from a Goldman Sachs note on stock market gyrations. Goldman warns stock market selloff may affect GDP growth A 5% equity drop and 21bp fall in 10-year Treasury rate could reduce GDP growth... 

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Latest Forex Orders

FX option expiries for 7 August 10am New York cut

There is one to take note of on the day, as highlighted in bold . However, there is a major caveat attached to it. That considering it is one for USD/JPY and price action there is extremely volatile a... 

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