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At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective6 May 2015.

The Reserve Bank of Australia is widely tipped to cut interest rates for the second time this year when its board meets on Tuesday, despite signs that the economy is improving and its fears about further stoking Sydney's hot housing market.

Of the 27 economists recently polled by Bloomberg, 23 are forecasting a 25 basis point (or a quarter of a percentage point) cut to an all-time low of 2 per cent in the cash rate at the meeting.

ATHENS (Reuters) - Negotiations between Greece and its international lenders over reforms to unlock remaining bailout aid have made headway and an agreement could be closer this month, a government official said on Sunday.

The world awaits the list of reforms that the Tsipras government is to put before the “troika” by the close of trading in Europe later today. We’ve truly no idea what reforms Mr. Tsipras shall put forward, but we have no doubt that in the end they will be less than that what the Germans want the Greek government to do and they will almost certainly be disappointing.


Central Bank Currency Swaps: A threat to FOREX Traders?

Allow me to introduce you to perhaps the real financial puppet master, the Bank of International Settlements (BIS). Now, if this name is not familiar to you, that’s only because they want it that way. Originally founded in 1930 by post World War I victorious nations, the bank was originally meant to manage the war reparations that Germany had to pay; thus the name, “Bank of International Settlements.”