arrow
logo

Alvexo - Giving Back To The Community

Learn More

Aussie Inflation On The Rise

Australian Consumer Price Index Passes Expectations

aus

Australia proved their economy is still resilient despite the global drop-off especially from their trading partners in the Asia Pacific region. Inflation has soared in the final quarter of 2015, closing in on the expectations of the country’s central bank targets. The bank remains to holds interest rates at record lows since May 2015.

Swiss Record Trade Surplus

Switzerland’s trade balance was once again at a surplus, recording 2.54 billion Swiss Francs, which is lower than the previous month’s revised CHF 3.159 billion and was lacking the estimated of CHF 3.330 billion. Exports were raised by 1.90% and imports are on the decline by -5.60% for the month of December.  The end of the year results are at a record high surplus of CHF 36.61 billion. The Swiss exports have been struggling due to the Swiss currency pointing upwards which is affecting their export products. The Swiss Franc didn’t show any considerable movement with the Euro, having the EURCHF continue its modest upwards motion.

popup_close

Oil Rebounds Once Again

Just as oil continued heading south to the all-time low price of below $30 a barrel, the price rebounded with its arrow pointing up. West Texas Intermediate price for the month of March climbed to $32.40 and Brent rose to $32.70. The Organization of the Petroleum Exporting Countries is forming new requests for its members as well as non-OPEC members in order to tackle the biggest supply in oil. After statements by OPEC members regarding further investment while others recorded record high production, many fear of a slowing economy which is most worrisome for most producers. Despite Russia suffering from the drop in oil prices, their government’s revenues are calculated from oil exports at $50 a barrel which results have shown their lack to cooperate. OPEC members followed in the footsteps of Russia despite many requests from emerging countries that are suffering from the price as it is in decline.

popup_close

US Consumer Gain Confidence

Consumer confidence in the United States continues to sparkle as the countdown begins before the Federal Reserve prepares to announce any changes in their monetary policies. The US Conference Board reported a rise in Consumer Confidence to 98.1 for the month of January, this is a slight rise from December’s revised 96.3.  Reports of the results from the last year resulted with the average of 98. The recent volatility has no impact on consumers which was stated by the Conference Board. Most surveyors were confident regarding employment as the non-farm payroll employment is gradually rising and unemployment rate is declining which is close to reaching a 7 year lows of 5.00%. Data reported a rise in the labor market sentiment by 13.20%, which is compared to the previous month’s 12.40% whereas those who expect jobs to minimize declined from 16.80% to 16.50%.

popup_close

Australian inflation still climbing

The Australian Consumer Price Index reported higher than expected for the final quarter of 2015. The country’s statistics office reported the year’s data climbing at 1.70% for the final December quarter compared to the previous quarter’s value of 1.50%. Inflation prices were presented to have risen in food and nonalcoholic drinks, whereas transport reported a slight acknowledgment offsetting a decrease in housing costs. Quarter values rose to 0.40% for the final quarter following a 0.50% rise in the previous quarter. As the Reserve Bank of Australia targets inflation rates between 2.00%-3.00%, analysts expect that the central bank will not cut rates any further as the economy appears to be resilient despite the global market turmoil.

popup_close

Upcoming Events

  • Time
  • Currency
  • Event
  • Forecast
  • Previous
  • 15:00 GMT
  • USD
  • New Home Sales (Dec)
  • 500K
  • 490K
  • 15:30 GMT
  • USD
  • Crude Oil
  • 3.277M
  • 3.979M
  • 19:00 GMT
  • USD
  • FOMC Statement
  • 19:00 GMT
  • USD
  • Fed Interest Rate Decision
  • 0.50%
  • 0.50%
  • 20:00 GMT
  • NZD
  • Interest Rate Decision
  • 2.50%
  • 2.50%
  • 20:00 GMT
  • NZD
  • RBNZ Rate Statement