Orica Financial Services in Gold Coast, Queensland | Mortgage brokers

Orica Financial Services

Locality: Gold Coast, Queensland

Address: 25/27 Rain Tree Glen 4216 Gold Coast, QLD, Australia

Website: http://www.oricafs.com.au

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22.01.2022 Weekly Market Wrap- by Send FX STAGE 4 LOCKDOWNS, THE RBA & NON-FARM PAYROLLS For most of this week the AUD has been trading cautiously against its peers as the country closes state borders and goes into stage 4 lock-down. Tuesday saw the Reserve Bank of Australia hold interest rates at their record low of 0.25% and on Wednesday, the Australian PM has said the Treasury have estimated the new lock-down measures in Victoria is expected to cause the economy to contract up to $9...bn in Q3 and another 250,000 will be unemployed. AUD to NZD The New Zealand unemployment figures surprised the markets this week, beating expectations by some margin. It was not enough to keep the AUD from climbing to the highest level since the beginning of November. The NZD remains in trouble as markets are anticipating the Reserve Bank of New Zealand will reduce interest rates into negative territory as early as next week, or at least give clarity as to when they will implement further measures. AUD to USD Things couldn’t be much worse for America and the USD at the moment. A record economic contraction in Q2 and the Federal Reserve sitting on their hands, the USD is struggling, unlikely to find support in today’s Non-Farm Payroll data. All of this has allowed the AUD to reach the highest point against the USD in 18 months. It’s currently a great opportunity buy as economic indicators are suggesting that the AUD will fall toward the end of the year. AUD to GBP After losing almost 4% against the GBP since the end of July, the AUD has finally picked up again but analysts predict the downtrend is not yet over. The momentum is still in GBP’s favour as positive news from the Bank of England has provided further support in the last 24 hours. The harsh lock-downs in Victoria are still a big concern for the AUD and we are yet to see this factor into the exchange rates. NZD to GBP The NZD has fallen almost 3% against the GBP in the last 2 weeks despite relatively good economic data which is mainly due to uncertainty surrounding the Reserve Banks next steps. Analysts predict New Zealand will have negative interest rates by the end of the year, meaning it will cost to have your money in a bank. When you consider the strong underlying fundamentals of the UK economy and the Bank of England’s positivity about the depth of their recession, it’s clear to see this could move further down in the short term.

18.01.2022 Westpac bounces back with multibillion-dollar mortgage boost By Charbel Kadib - Mortgage Business 03 August 2020 The big four banks have continued to record strong owner-occupier-driven portfolio growth, with Westpac and ANZ leading the pack in the final month of the 2020 financial year....Continue reading

15.01.2022 Weekly Market Wrap- by Send FX The AUD is benefitting from an increasingly positive outlook with analysts predicting that the Reserve Bank of Australia will maintain its currency policy stance. Whilst other central banks are going to extremes in an effort to keep their economies afloat, the RBA have remained calm throughout. China's rapidly recovering economy is also providing a boost to the AUD and it's likely that this will continue to accelerate rather than decline. AUD t...o NZD The AUD has underperformed against the NZD this week, after touching a 2 year high last week and climbing back up to that level earlier this week, we have seen a drastic pullback of 1.5%. The NZD remains vulnerable however, with the Reserve Bank of New Zealand's dovish policy stance and the second wave they are currently experiencing analysts predict we could be seeing another AUD positive move. AUD to USD The AUD rallied to the highest level in almost 2 years against the USD in reaction to the comments from the Federal Reserve on Thursday. The USD weakened against all the majors after chair Jerome Powell signalled that the Fed will ensure that employment doesn't fall below its maximum level and that they are targeting 2% average inflation. The fact that the Fed discussed employment before inflation will pave the way for more stimulus for the foreseeable future. AUD to GBP The AUD has managed to claw back some of the losses we saw last week against the GBP as the risk sensitive Aussie has been buoyed by global appetite and optimism about the booming Chinese economy. Meanwhile the GBP has once again come under Brexit pressure as news from Brussels's claims that the UK has wasted the entire summer which has led to a lack of any tangible progress. NZD to GBP As no-deal Brexit risks weigh on the GBP, the NZD has managed to climb back to the highest level in 2 weeks. However, the outlook for the NZD is extremely uncertain with Westpac predicting we could see a 4% fall by the end of the year due to the Reserve Bank of New Zealand's dovish policy stance. The markets will be focusing on the Bank of England's governors speech today to provide support for the GBP.

14.01.2022 Thinking of buying commercial property or refinancing your commercial property loan? We have a lender, their product offering business loan term up to 30 years under $1mil in business lending. Effective 10th August 2020, customer may also be eligible for an interest only repayment term of up to 10 years.... Happy to workshop any scenario that you may have.

07.01.2022 The AUD has reached its highest level against the NZD in almost 2 years after New Zealand's 100+ day streak without community transmission was broken. Four new cases of coronavirus have been detected leaving health authorities in the dark as to where the infection has come from. The New Zealand PM was quick to announce new national restrictions which has prompted panic buying across Auckland. When news broke the NZD moved lower against the AUD and remains vulnerable ahead of ...the Reserve Bank of New Zealand's meeting today. The situation in Victoria is still not under control with another 410 cases recorded and 21 deaths in the last 24 hours. The AUD will remain under pressure as it's likely that the 6-week lock-down will not be long enough to contain the virus. Clients looking to move funds between Australia and New Zealand should contact your account manager now to discuss your options. media https://partner.sendfx.com.au/orica-financial-services/