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Tuesday, 12 May 2026, at roughly 7:30 pm AEST, Treasurer Jim Chalmers will stand up in Canberra and deliver the 2026-27 Federal Budget. According to Budget.gov.au, that is when the Budget is officially released, with the Budget papers going live online at the same time.

If you have ever wondered why a forex pair moves sharply on a single Tuesday afternoon, the answer often sits inside one number: the cash rate.

Every time markets get jumpy, a three-letter acronym starts showing up in headlines and trading rooms. The VIX. You will see it called the fear gauge, the fear index, or just "vol." For newer traders, it can feel like an insider's number that everyone seems to track but few stop to explain.

The K-shape matters for markets because it breaks the assumption that aggregate data tells you anything useful about individual companies.

The “resilient consumer” line being recycled across earnings calls is doing a lot of work. Index-level data helps it along. Headline retail sales hold. Spending looks firm. Stop reading there and the story looks simple.

This afternoon, the Reserve Bank of Australia (RBA) did what plenty of forecasters had pencilled in, but few quite believed would actually arrive. It lifted the official cash rate by another 25 basis points (bps) to 4.35 per cent.