• Twitter and Instagram Glossary

    What Do #FF, #TBT, #GFF, FOH, RLRT And Other Twitter & Instagram Hashtags & Terms Mean?

    Twitter and Instagram are two social media sites that have taken the world by storm. But they have their own language that many users, especially new ones, have a hard time understanding. This glossary/dictionary will teach you the meanings behind key hashtags, abbreviations and slang terms like #FF, #TBT, #Icant, #Dead, SMH, FOH, #YOLO, CTFU and more.
  • Tony Morriss, senior currency strategist at ANZ Investment Bank

    SMH - It is quite rare that a number forces such an impact, but the retail sales numbers have quite a bit of policy implications. The economy might not be slowing as fast as the RBA needs to see to be comfortable about its inflation targets. Particularly when you look at this month when you have some tax cuts coming through and the boost coming from the resource side of the economy.
  • Sue Trinh, currency strategist at RBC Capital Markets

    SMH - The terms of trade backdrop still points to further gains in the Australian dollar.
  • Stephen Halmarick, director and strategist at Citigroup

    SMH - If the Fed downplays tightening expectations, we'd expect the US dollar to soften.
  • Jonathan Cavenagh, currency strategist at Westpac

    SMH - The market is a bit wary ahead of the meeting with investors getting around to the idea that the Fed would not hike rates as aggressively as had been priced in. Commodities have also been an important driver and the government's forecast today adds another positive story for the Aussie.
  • Sue Trinh, currency strategist at RBC Capital Markets

    SMH - Investors have pared back long US dollar positions and this has underpinned commodities and the Australian dollar.
  • Tony Morriss, senior currency strategist at ANZ Investment Bank

    SMH - Soft US data raises some serious questions over the extent to which the Fed could actually raise rates. The Aussie should be supported in a band in coming weeks. A break of $US0.9300 would target a move back towards the next correction target around $US0.9220.
  • Danica Hampton, currency strategist at Bank of New Zealand

    SMH - If you look through the details of the G8 meeting, there was an implicit support for the us dollar. They are really worried about the rising cost of food and petrol. And US Treasury Paulson comments that a strong US dollar was in the best interests of the US economy.
  • Jonathan Cavenagh, currency strategist at Westpac

    SMH - It came as a bit of a shock to the market. Aussie has been the biggest underperformer of the day, off the back of the employment story.
  • Helen Kevans, economist at JPMorgan

    SMH - We weren't expecting a contraction. Business confidence has been very weak, so it's not surprsing there has been a flow-on effect to employment.
  • Greg Gibbs, currency strategist at ABN Amro Australia

    SMH - If it (unemployment rate) is a weaker number, it could create a sense that the Australian economy is slowing down more significantly. If it comes out strong, it could help the currency reassert its rising trend.
  • Katie Dean, senior international economist at ANZ

    SMH - We are expecting another two rate hikes and that will keep the Aussie well supported and possibly move towards parity in the coming months against the US dollar. But against the New Zealand dollar, we saw the Aussie stumble a bit after some better-than-expected data there.
  • Tony Morriss, senior currency strategist at ANZ Investment Bank

    SMH - The consumer sentiment survey was supportive of the Aussie dollar.
  • Euan McCreadie, senior corporate dealer at online currency service OzForex

    SMH - (The FOMC minutes) should give a bit of an indication if the (US) cycle of slashing interest rates is coming towards an end.
  • Michael Gordon, market strategist at Westpac

    SMH - The Australian dollar benefitted from a generally weaker US dollar. The economic data was just starting to turn away from the US economy, with weaker industrial production numbers and a softer New York Fed index.
  • Joseph Capurso, economist at Commonwealth Bank

    SMH - We're pretty optimistic on the Aussie. Interest rates are pretty high and in our view they are going to go up again in the next few months.
  • Sharada Selvanathan, currency strategist at BNP Paribas

    SMH - The wage numbers are going to be important in the sense that it will give an indication of whether employees are basically demanding higher wages because of higher inflation. We're talking about second-round inflation there.
  • Sue Trinh, currency strategist at RBC Capital Markets

    SMH - The market is warming to the view that the domestic growth story in New Zealand has ground to a halt and will reverse sharply. That contrasts against the Australian landscape where inflationary pressures remain very acute and prevent the RBA from easing any time soon. In fact, the risk towards a rate hike in our view is greater than a move towards a rate cut.
  • Alex Sinton, senior dealer at ANZ National Bank

    SMH - The Aussie has had underlying support, with the employment data that came out yesterday.
  • Stephen Halmarick, director and strategist at Citigroup

    SMH - Today's data are consistent with the RBA remaining on hold over the remainder of this year but we expect tomorrow's Statement on Monetary Policy to signal a mild tightening bias given the medium-term risks to inflation.