A Mysterious Omission By the Reserve Bank of Australia Lifts the Australian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on August 4, 2015. Click here to read the entire piece.) {snip} The Reserve Bank of Australia (RBA) issued its monetary policy decision for August. The RBA left rates unchanged just as the market expected. The rest of the statement was boilerplate … Read more

The Australian Dollar Stabilizes In the Wake of A Copy and Paste Monetary Decision

(This is an excerpt from an article I originally published on Seeking Alpha on July 7, 2015. Click here to read the entire piece.) The Reserve Bank of Australia (RBA) left its cash rate at 2.0%, right in-line with market expectations as expressed through the Australian Stock Exchange’s RBA rate tracker. In making its policy … Read more

The RBA Takes Out Insurance on Household Demand With A Well-Telegraphed Rate Cut

(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2015. Click here to read the entire piece.) The only thing the Sydney Morning Herald (SMH) missed in its amazingly accurate preview of the May decision on monetary policy from the Reserve Bank of Australia (RBA) was that the … Read more

A Confident Story Cuts Through the RBA’s Monetary Conundrum And Drives the Australian Dollar Lower

(This is an excerpt from an article I originally published on Seeking Alpha on May 1, 2015. Click here to read the entire piece.) While the U.S. dollar (UUP) was experiencing fresh bout of weakness, the Australian dollar (FXA) was surprisingly even weaker. Although I explained in an earlier piece that the Australian dollar was … Read more

Stern Warnings to Financial Markets

(This is an excerpt from an article I originally published on Seeking Alpha on October 14, 2014. Click here to read the entire piece.) {snip} Guy Debelle, an Assistant Governor of the Reserve Bank of Australia (RBA), delivered a must read speech on pricing and volatility in financial markets. He was about as subtle as … Read more