Created
: 2024.11.14
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Australia: Still tight labour market makes near-term rate cut unlikely - UOB Group
World FX news
Breaking news
Australia: Still tight labour market makes near-term rate cut unlikely - UOB Group
New
2024.11.14 17:41
2024.11.14 17:41
2024.11.14 17:41
Australia's seasonally adjusted unemployment rate came in unchanged at 4.1% in Oct, in line with the consensus estimate, UOB Group's economist Lee Sue Ann notes.
RBA near-term cut seems unlikely
"The unemployment rate held steady at 4.1% for a third straight month in Oct, and Reserve Bank of Australia (RBA) Governor Michele Bullock warned that the jobs market remained tight despite a gradual slowdown in hiring."
"Separately, the Wage Price Index (WPI) remained unchanged at 0.8% q/q in 3Q24, below market forecasts for a 0.9% q/q rise. Annual pay growth slowed to 3.5% for 3Q24, from 4.1% in 2Q24."
"It now looks increasing likely that the RBA will only deliver the first rate cut in 1Q25. We will wait for Oct inflation data due 27 Nov before finalising our forecasts for the OCR."
Last updated
: 2024.11.14
Related articles
NZD/USD holds gains near 0.5850 following Business NZ PMI, mixed China data
15 minutes agoChina's NBS: Will step up policy adjustments, expand domestic demand
38 minutes agoJapan's Kato: Will take appropriate action vs. excessive FX moves
57 minutes agoChina's October Retail Sales beat estimates, Industrial Production disappoints
2024.11.15 11:02Australian Dollar continues to face downward pressure amid a strong US Dollar
2024.11.15 10:48Japan's Akazawa: Expect modest economic recovery to continue
2024.11.15 10:45
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
NZD/USD holds gains near 0.5850 following Business NZ PMI, mixed China data
The NZD/USD halts its three-day losing streak, trading around 0.5850 during the Asian session on Friday.
New
2024.11.15 11:51China's NBS: Will step up policy adjustments, expand domestic demand
Following the publication of the high-impact China's activity data for October, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday.
New
2024.11.15 11:28Gold price extends decline on bullish US Dollar, investors brace for US PPI data
The Gold price (XAU/USD) struggles to gain ground around $2,570 on Friday after bouncing off a two-month low in the previous session.
New
2024.11.15 11:22Japan's Kato: Will take appropriate action vs. excessive FX moves
Japan's Finance Minister Katsunobu Kato on Friday that he "will take appropriate action vs.
New
2024.11.15 11:09China's October Retail Sales beat estimates, Industrial Production disappoints
China's October Retail Sales increased 4.8% YoY vs. 3.8% expected and 3.2% in September, while the country's Industrial Production rose 5.3% YoY in the same period vs.
New
2024.11.15 11:02Australian Dollar continues to face downward pressure amid a strong US Dollar
The Australian Dollar (AUD) continues its decline for the sixth consecutive session on Friday, hovering near three-month lows against the US Dollar (USD).
New
2024.11.15 10:48Japan's Akazawa: Expect modest economic recovery to continue
Japan's Economy Minister Ryosei Akazawa said on Friday that he "expects modest economic recovery to continue, driven by improving employment and wage environment." He further noted that there is a "need to carefully monitor downside risks from overseas economies and volatility in financial, capital markets." .
New
2024.11.15 10:45PBOC sets USD/CNY reference rate at 7.1992 vs. 7.1966 previous
On Friday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1992, as compared to the previous day's fix of 7.1966 and 7.1966 Reuters estimates.
New
2024.11.15 10:30USD/JPY jumps above 156.50 after Japanese GDP, eyes on US Retail Sales data
The USD/JPY pair extends the rally to around 156.60, the highest level since July 23 during the early Asian session on Friday.
New
2024.11.15 09:56WTI holds steady near $68.50, renewed US dollar demand might cap its upside
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.40 on Friday.
New
2024.11.15 09:13Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
