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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.


A lot of currency traders learned a big lesson this week; one that bears discussing.

Since last December, the Royal Bank of Australia has been hinting at raising rates. The Aussie economy had been doing well and showed signs of overheating. Prices for food, housing, beer and just about everything has been rising but not at an alarming rate. Well, some AUD traders made a big mistake. They anticipated the “promised” rate increase the RBA had been hinting.

In a Cermony in Riyadh HRH. Dr. Prince Saif Aislam Bin Saud Bin Abdelaziz … awards Mike Baghdady in recognition for his innovative work with his Price Behaviour Methodology and in training and educating traders all over the world and in the Middle East