(eToro Blog) The Aussie Dollar gained against the U.S. Dollar after the release of positive economic reports from Australia. Australian trade surplus increased to 1.7 billion Australian dollars in December. This was much higher than analyst expectations of a surplus of 1.2 billion Australian dollars. In November, the trade surplus printed at 1.3 billion Australian [...]
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OpenBook Traders Gear up for RBA Rate Decision
(eToro Blog) With a relatively light economic calendar, Asian markets traded lower as skepticism focused on the EU economic summit starting today. The Nikkei was down 58 points, the Hang Seng was down 253 points and the Australian S&P ASX was down 14 points. After the rate decisions last from BOJ, Fed and RBNZ, focus [...]
China’s Soft Landing in Sight but Aussie and Kiwi Traders Prepare for a Crash
(eToro Blog) An adviser to the People’s Bank of China said that the slowing economic growth means that the government is likely to have successfully orchestrated the soft landing for which it has been aiming. Inflation is expected to ease from 2011’s 4.5% to about 3% this year, and some analysts believe that the central [...]
