Entries by David Flanagan

Curve Daily Commentary, May 19, 2015

Consumers Endorse Budget It is only early days however it appears that consumers are much happier with this year’s Budget compared to the last year’s. The ANZ-Roy Morgan weekly consumer sentiment survey posted a 3.6% rise for the week ending May 17. It marks the biggest increase the weekly survey has experienced so far this […]

Curve Daily Commentary, May 18, 2015

Confidence a Pertinent Issue Globally  Consumer confidence is not just a pertinent issue here in Australia, with sentiment showing increasing signs of faltering in other jurisdictions. Friday night saw the latest monthly release in the US from the University of Michigan which showed a sharp decline in the level of consumer confidence. The fall in […]

Curve Daily Commentary, May 15, 2015

  Where to From Here Following the RBA and Federal Budget? There has been a lot to digest over the past two weeks from the RBA’s rate cut decision and subsequent Statement on Monetary Policy, the Federal Governments latest budget measures and a plethora of monthly data. With so much compounded into a short space, […]

Curve Daily Commentary, May 14, 2015

Wages Growth Slips Further, AUD Jumps    Less than 24 hours after a very nonchalant budget release which was largely neutral edging on the side of positive for confidence as opposed to last years calamity, consumers were dealt another blow yesterday. The ABS’s latest data on wages released yesterday showed wage growth slowed to yet […]

Curve Daily Commentary, May 13, 2015

Budget: Relying on increases of receipts  All eyes were fixed on Canberra last night as the Budget was set to be released and provide guidance for policy over the year ahead. After the poor reception of the last Budget and the much publicised “Budget emergency”, pundits were sure to be scrutinising every word for political power […]

Curve Monthly Insights, May 2015

 Curve Monthly Insights The RBA delivered its second 25bp cut of 2015 in May, taking the cash rate to 2.00%. Despite some signs of improvement in household demand and employment, the RBA is still worried about the outlook for the Australian economy. As a result, the RBA lowered their forecasts in their quarterly Statement on […]

Curve Daily Commentary, May 12, 2015

All About the Budget In what is possibly the most boring television show of the year, the Commonwealth Budget will be released at 7:30pm tonight, AEST. Much like high school exams the content is worth a view as it will undoubtedly affect all Australians. Last year’s Budget was a worry for the economy as very […]

Curve Daily Commentary, May 11, 2015

RBA Clarifies Outlook in SoMP Ahead of This Week’s Budget Governor Steven’s vague post rate cut statement was quickly addressed as expected in Friday’s quarterly Statement on Monetary Policy. While the SoMP is clearly a more detailed document at 70 pages, the language used to describe the current state of the economy was largely in […]

Curve Daily Commentary, May 8, 2015

Employment Slips This month’s employment figures were a touch disappointing with total employment dipping by 2,900 jobs against expectations of a rise of 4,000. The unemployment rate was in line with expectations, rising 0.1% to 6.2% with the participation rate unchanged at 64.8%. The headline result won’t be viewed negatively after such a solid run […]

Curve Daily Commentary, May 7, 2015

Data Affirms RBA’s Take on Current Trends Less than 24 hours after the RBA decided to lower the cash rate to a record low of 2.00%, the ABS released the latest data on retail sales confirming the RBA’s view that “available information suggests improved trends in household demand. The monthly figures show that retail sales […]