Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run

Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run

Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run The Australian and New Zealand Dollars are trading higher on Tuesday, following the release of the RBA Rate Statement. At 0349 GMT, the AUD/USD is trading .7369, up 0.0011 or +0.15% and the NZD/USD is at .6961, up 0.0032 or +0.45%. The Reserve Bank of Australia […]

Australia: S&P/ASX 200 (.AXJO) sentiment on global trade turns bearish

Australia: S&P/ASX 200 (.AXJO) sentiment on global trade turns bearish

Australia: S&P/ASX 200 (.AXJO) sentiment on global trade turns bearish Australian shares closed lower on Tuesday, wiping most of the gains from the previous session as investor sentiment on global trade turned bearish. The S&P/ASX 200 Index fell 58.1 points, or 1 per cent, to 5713.1 while the broader All Ordinaries slid 58.8 points, or […]

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410 We have held the same view since last Thursday (29 Nov, spot at 0.7305) wherein the “the prospect of 0.7199 as a short-term bottom is quite high). We added, “confirmation of a short-term bottom is only upon a clear break above 0.7335/40”. AUD blast past […]

Australia: S&P/ASX 200 (.AXJO) rebounded after China and the United States agreed to a trade ceasefire at the G20 summit

Australia: S&P/ASX 200 (.AXJO) rebounded after China and the United States agreed to a trade ceasefire at the G20 summit

Australia: S&P/ASX 200 (.AXJO) rebounded after China and the United States agreed to a trade ceasefire at the G20 summit  Australian markets have rebounded after China and the United States agreed to a trade ceasefire at the G20 summit over the weekend. US President Donald Trump agreed to hold off for three months — until March 1 — […]

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit Australia has entered a period of tighter credit, as regulators look to bring down reliance on the housing market. The Royal Commission has made this scenario worse, as banks under intense spotlight retreat from the public eye. Australians have considerable wealth stored in housing […]

Australia: S&P/ASX 200 (.AXJO) Expected to Open Higher

Australia: S&P/ASX 200 (.AXJO) Expected to Open Higher

Australia: S&P/ASX 200 (.AXJO) Expected to Open Higher Australian shares are set to open higher before a huge week of local data including third quarter growth statistics on Wednesday. Ahead of the GDP report however is tomorrow’s RBA policy meeting. ASX futures were 25 points higher over the weekend. Today the focus is likely to be […]

Australia: S&P/ASX 200 (.AXJO) gains in the IT, Materials and Metals & Mining

Australia: S&P/ASX 200 (.AXJO) gains in the IT, Materials and Metals & Mining

Australia: S&P/ASX 200 (.AXJO) gains in the IT, Materials and Metals & Mining Australia stocks were higher after the close on Thursday, as gains in the IT, Materials and Metals & Mining sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.58%. The best performers of the session on the S&P/ASX […]

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies The Australian dollar surged on Wednesday as doubts about the pace of rate hikes from the US Federal Reserve resurfaced. After doing very little for the majority of the session, the AUD/USD jackknifed higher in North American trade, fueled by remarks from US Federal Reserve […]

Australia: S&P/ASX 200 (.AXJO) investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping

Australia: S&P/ASX 200 (.AXJO) investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping

Australia: S&P/ASX 200 (.AXJO) investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping Asia markets were mostly higher on Wednesday after a cautious start as investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping later this week. The mainland Chinese markets […]

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise The Australian Dollar US Dollar (AUD/USD) exchange rate has been volatile over the past twenty-four hours, and is currently trading at a rate of $0.7234 with the ‘Aussie’ making an attempt to push back against the ‘Greenback’. Tuesday saw iron ore spot markets […]

Australia: S&P/ASX 200 (.AXJO) Financials Lift

Australia: S&P/ASX 200 (.AXJO) Financials Lift

Australia: S&P/ASX 200 (.AXJO) Financials Lift Australia stocks were higher after the close on Tuesday, as gains in the IT, Telecoms Services and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 1.00%. The best performers of the session on the S&P/ASX 200 were Afterpay Touch Group Ltd (AX:APT), which […]

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions The Australian sharemarket surrendered most of the low-volume gains made late last week after US stocks fell on Friday and tumbling commodity prices saw heavy selling of resource stocks. Major-bank bargain hunting halved early losses on the S&P-ASX 200 index to 0.4 per cent […]

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level The Australian dollar kicked off the week very positively, breaking towards the 0.73 level. However, by the time the Americans came on board it was already rolling over and showing signs of exhaustion above the 0.7250 level. Because of this, I think it’s only […]

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot The Australian dollar retreated from the highs as global stock markets were on the back foot once again. Capital expenditure, Chinese PMI’s, and the G-20 meetings stand out. Here are the highlights of the week and an updated technical […]

Australia: S&P/ASX 200 (.AXJO) Opening Lower

Australia: S&P/ASX 200 (.AXJO) Opening Lower

Australia: S&P/ASX 200 (.AXJO) Opening Lower Australian shares rebounded from a 21-month low and ended a four-day losing streak on Thursday, as lithium miners and major banks led the market higher. The S&P/ASX 200 Index rose 48.5 points, or 0.9 per cent, to 5691.3 while the broader All Ordinaries advanced 48.2 points, or 0.8 per […]

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected The Australian dollar rebounded on Wednesday after a shellacking a session earlier, helped by an improvement in investor risk appetite. Light volumes and position squaring ahead of Thanksgiving in the States largely explain the move given an absence of major news during the session. After beginning trade at […]

Australia: S&P/ASX 200 (.AXJO) global stock sell-off

Australia: S&P/ASX 200 (.AXJO) global stock sell-off

Australia: S&P/ASX 200 (.AXJO) global stock sell-off The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade. The benchmark S&P/ASX200 index was down 63.5 points, or 1.12 per cent, to 5,608.3 at 1030 AEDT on […]

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout AUD/USD is turning higher from the 76.4% retracement, following a recent breakout through $0.7315 resistance. That break negates the wider bearish outlook, pointing towards a potential period of upside. With that in mind, the respect of the 76.4% retracement level at $0.7205 points towards a […]

Australia: S&P/ASX 200 (.AXJO) pointing notably lower

Australia: S&P/ASX 200 (.AXJO) pointing notably lower

Australia: S&P/ASX 200 (.AXJO) pointing notably lower ASX futures pointing notably lower. According to the latest SPI futures, the ASX 200 is expected to open the day down by a sizeable 1.1% or 63 points on Wednesday. This follows another disappointing night of trade on Wall Street which late in the session sees the Dow […]

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy The Australian Dollar retreated from three-month highs Tuesday after a sell-off in international stocks that sent a frosty wind through currency markets. Stock markets in the U.S. and Asia slumped late in the Monday session after the National Association of Home Builders (NAHB) Housing Market index posted […]

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level AUD/USD has managed to break through a crucial area of resistance, with the rally above $0.7315 pointing towards an end to the downtrend in play throughout 2018 so far. With that in mind, further upside looks likely, with a bullish short-term outlook in play unless we see […]

Australia: S&P/ASX 200 (.AXJO) banking royal commission weighed the finance sector

Australia: S&P/ASX 200 (.AXJO) banking royal commission weighed the finance sector

Australia: S&P/ASX 200 (.AXJO) banking royal commission weighed the finance sector Australian shares opened the week lower on Monday as the latest round of the banking royal commission weighed the finance sector. The S&P/ASX 200 Index fell 36.9 points, or 0.6 per cent, to 5693.7 while the broader All Ordinaries Index closed 36.4 points, or 0.6 per cent, […]

Australia: S&P/ASX 200 (.AXJO) expected to start the trading week higher

Australia: S&P/ASX 200 (.AXJO) expected to start the trading week higher

Australia: S&P/ASX 200 (.AXJO) expected to start the trading week higher The Australian share market is expected to start the trading week higher, after an encouraging end to the latest session on Wall Street. But the market is likely to be volatile in the week ahead as uncertainty remains around a number of global issues, […]

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid The Australian Dollar swept higher against all rivals Thursday after official data showed the Antipodean labour market going from strength-to-strength in October, but some analysts are warning that things might already be about as good as they are likely to get for […]

Australia: S&P/ASX 200 (.AXJO) continues to weaken

Australia: S&P/ASX 200 (.AXJO) continues to weaken

Australia: S&P/ASX 200 (.AXJO) continues to weaken Australian shares extended their losses from the previous session on Wednesday, as the financial, material and energy stocks wiped $30.3 billion from the ASX board. The S&P/ASX 200 Index closed 101.4 points, or 1.7 per cent, lower at 5732.8 while the broad All Ordinaries Index fell 100.3 points, […]

Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth

Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth

Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth Australia’s stock market has taken a hit after fears of a slowdown in global growth and demand slashed the price of big-name US technology stocks. The benchmark S&P/ASX 200 index had fallen by more than 100 points or 1.8 per cent […]

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again The Australian dollar is rocketing higher in Asian trade, boosted by signs of a continued thawing in trade tensions between the United States and China. According to the South China Morning Post, Chinese vice-premier Liu He will travel to the United States ahead of the G20 leaders […]

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315 Despite overall positive indications, AUD has not been able to make much headway on the upside. It touched a high of 0.7303 last Thursday (08 Nov) but has since eased off. For now, we continue to see a chance for AUD to test the strong 0.7315 resistance. […]

Australia: S&P/ASX 200 (.AXJO) started the week in positive territory

Australia: S&P/ASX 200 (.AXJO) started the week in positive territory

Australia: S&P/ASX 200 (.AXJO) started the week in positive territory The Australian share market started the week in positive territory, clawing back from early losses after most sectors entered positive territory and Utilities continued to shine Mining stocks entered positive territory after the iron ore price lifted while Financial stocks remained underwater. Also capping gains […]

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out The Australian dollar enjoyed a second consecutive week, but the rally met its limits. What’s next? Australia’s jobs report and wage data stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia […]

Australia: S&P/ASX 200 (.AXJO) poised to start the week lower

Australia: S&P/ASX 200 (.AXJO) poised to start the week lower

Australia: S&P/ASX 200 (.AXJO) poised to start the week lower Australian shares are poised to start the week lower, dragged down by a tech rout on Wall Street. Base metals also retreated and oil extended its rout. ASX futures were 37 points lower. Shares on Wall Street fell to end their week, with the S&P […]

Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance

Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance

Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance Australian futures are lower as investors await the RBA for guidance on the outlook for rates. ASX futures were down 14 points at 5.40am AEDT. The US Federal Reserve released its latest statement at 6am AEDT. At the end of a two-day gathering, the Fed held interest […]

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP The AUD/USD is trading just below the major level at 0.7300, after a sharp run-up from where we’ve been recently. We traded nearly at the 0.7000 level, but since that point, the buyers have come thick and fast. The channel that we have been in […]

Australia: Media Control Shrinks

Australia: Media Control Shrinks

A landmark merger between Australian broadcaster Nine Entertainment and venerable newspaper group Fairfax won regulatory approval Thursday, clearing the way for the creation of a media giant across television, print, video streaming and digital. The Australian Competition and Consumer Commission said the deal, announced in July, “was not likely to substantially lessen competition in any […]

Australian Dollar: USD/AUD (AUD=X) continues to regain ground

Australian Dollar: USD/AUD (AUD=X) continues to regain ground

Australian Dollar: USD/AUD (AUD=X) continues to regain ground AUD/USD has turned higher once more, despite the initial respect of the 76.4% Fibonacci resistance. The long-term downtrend remains intact unless we see a break through the $0.7315 swing high. However, with the price having broken through both trendline and now Fibonacci resistance, we are increasingly seeing a wider […]

Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water

Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water

Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water Energy and materials stocks are keeping the Australian share market flat at the open, with the financial sector keeping the bourse’s head above water. The benchmark S&P/ASX200 index was up 7.1 points to 5882.3 at 1030 AEDT on […]

Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold

Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold

Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold The Australian sharemarket steadily climbed on volume well-below average as the Reserve Bank left interest rates on hold and retained its upbeat growth outlook. Following gains of 0.7 per cent on Wall Street last night, the S&P-ASX climbed 57.1 points, or 0.98 per cent, […]

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue The Australian dollar has rallied over the last several days, reaching towards a major downtrend line and coinciding with the 0.7250 level, an area that I think will be rather stringent and difficult to break above. If we do, that’s […]

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance AUD/USD rallied into the 76.4% retracement last week, with the pair moving lower since. The trendline breakout seen recently points towards a possible bullish reversal for this pair, yet we would need to see a move above $0.7315 to provide greater credence to that idea. Until then, it […]

Australia: S&P/ASX 200 (.AXJO) Focus on US-China trade war

Australia: S&P/ASX 200 (.AXJO) Focus on US-China trade war

Australia: S&P/ASX 200 (.AXJO) Focus on US-China trade war Australian shares are poised to edge lower as conflicting signals about the US and China trade war puts investors on the defensive. The Australian futures index is predicting the market will open around five points lower, giving up any modest gains the ASX made on Friday. […]

Australia: S&P/ASX 200 (.AXJO) recorded its fifth straight advance

Australia: S&P/ASX 200 (.AXJO) recorded its fifth straight advance

Australia: S&P/ASX 200 (.AXJO) recorded its fifth straight advance Australian shares are set to open moderately higher after Wall Street rebounded for a second consecutive day. The Australian dollar has slipped to 70.7 US cents and 62.5 euro cents. But it fell sharply to 55.4 British pence — after the UK’s Brexit secretary, Dominic Raab, […]

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value The Australian Dollar rose broadly Thursday after official data revealed a sharp increase in the nation’s trade surplus during September, providing a tailwind to a currrency that is also being boosted by a series of positive developments in China. Australia’s trade surplus rose to $3.02 […]

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment The Australian Dollar stumbled Wednesday after an eighth consecutive inflation disappointment vindicated the market for its pessimism about the outlook for interest rates down under, and as data suggested the Chinese economy is beginning to creak under the pressure of U.S. tariffs. Australian inflation rose […]

Australia: USD/AUD (AUD=X) could break down rather drastically

Australia: USD/AUD (AUD=X) could break down rather drastically

Australia: USD/AUD (AUD=X) could break down rather drastically I believe that the 0.70 level underneath is going to continue to be a crucial level to pay attention to. The large come around, psychologically significant figure giving way to selling pressure could open the door to the 0.68 handle, which is a longer-term level of importance […]

Australia: S&P/ASX 200 (.AXJO) hint of a short-squeeze

Australia: S&P/ASX 200 (.AXJO) hint of a short-squeeze

Australia: S&P/ASX 200 (.AXJO) hint of a short-squeeze The Australian sharemarket more than reversed early losses as dividend hunters bought the major banks, with further impetus coming from easing US-China trade war jitters. The S&P-ASX 200 index opened 0.8 per cent down and spent the whole morning session in the red after the US S&P […]

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data The AUD/USD is tested the important 0.7040 level late in the week, and price certainly rejected the lows. The major level at 0.7000 went untouched as price quickly pulled back into the range. The weakness in the USD was clearly the driver for the […]

Australia: S&P/ASX 200 (.AXJO) expected to open in the red

Australia: S&P/ASX 200 (.AXJO) expected to open in the red

Australia: S&P/ASX 200 (.AXJO) expected to open in the red Unfortunately, on Tuesday the Australian share market is expected to open the day deep in the red. According to the latest SPI futures, the S&P/ASX 200 is poised to open 0.8% or 47 points lower. This follows a disappointing night of trade on Wall Street […]

Australia: S&P/ASX 200 (.AXJO) volatility has been a key market theme

Australia: S&P/ASX 200 (.AXJO) volatility has been a key market theme

Australia: S&P/ASX 200 (.AXJO) volatility has been a key market theme The return of volatility has been a key market theme this year and appears likely to intensify, at least in the short term, from Wall Street to the ASX, which is set to open weaker on Monday. The Dow Jones Industrial Average swung wildly […]

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales The Australian dollar suffered from the global sell-off in stocks and the accompanying risk-off sentiment. What’s next? A busy week includes inflation and retail sales among other figures. Here are the highlights of the week and an updated technical analysis for AUD/USD. RBA officials did not rock […]

Australian Dollar: USD/AUD (AUD=X) trade with downward bias

Australian Dollar: USD/AUD (AUD=X)  trade with downward bias

Australian Dollar: USD/AUD (AUD=X) trade with downward bias There is not much to add to yesterday’s (23 Oct, spot at 0.7080) update. As highlighted, “the prospect for a break of the year-to-date low of 0.7041 has increased, albeit not by much”. AUD subsequently dipped to a 2-week low of 0.7056 before rebounding quickly to end […]

Australia: S&P/ASX 200 (.AXJO) opened at its lowest level this year

Australia:  S&P/ASX 200 (.AXJO) opened at its lowest level this year

Australia: S&P/ASX 200 (.AXJO) opened at its lowest level this year The Australian sharemarket opened at its lowest level this year, with tens of billions of dollars wiped from the value of local companies. After the first 50 minutes of trade the domestic benchmark S&P-ASX 200 was down 2.1 per cent. The deepening rout in […]

Australia: S&P/ASX 200 (.AXJO) remains on edge despite two sharp rebounds in two of the world biggest sharemarkets

Australia: S&P/ASX 200 (.AXJO) remains on edge despite two sharp rebounds in two of the world biggest sharemarkets

Australia: S&P/ASX 200 (.AXJO) remains on edge despite two sharp rebounds in two of the world biggest sharemarkets The Australian sharemarket finished a volatile session in the red again as global markets remained on edge despite two sharp rebounds in two of the world biggest sharemarkets. The S&P-ASX 200 index quickly reversed early losses after […]

Take Yourself ‘Outback’

Take Yourself ‘Outback’

Take Yourself ‘Outback’ When we hear of the Australian Outback we often picture the geographical desert heart of the country and sacred sights such as Uluru and Kata Tjuta. However, the Outback is actually a term used to describe any remote region of the country’s interior and coastline. From Aboriginal sites to canyons, lakes and […]

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks The local session could be characterised as being somewhat lacklustre: the lion’s share of the day’s losses came shortly after the open, volume was below average, and market breadth finished at 30%. Most sectors finished the day in the red, but naturally it was a pullback in […]

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result The Australian Dollar has endured a soft start to the week after the government lost a one-seat majority in parliament and as the U.S. criticised China’s response to efforts at de-escalating the so called trade war between the world’s two largest economies. Australia’s ruling coalition lost […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Flat

Australia: S&P/ASX 200 (.AXJO) Set to Open Flat

Australia: S&P/ASX 200 (.AXJO) Set to Open Flat Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Monday. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.58% to 5,904.90 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.61% to 6,006.20 AUD/USD […]

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last AUD/USD came close to breaking from the recent trend of lower highs and lower lows on Friday, with the rally back into the $0.7151 level greeted with a strong move into the $0.7088 swing low. As such, this current rally is expected to fail once again, with […]

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101 A strong short-covering rally on Friday helped the Australian Dollar eke out a small gain ahead of the week-end. The rebound was fueled by a recovery in China. Greater China markets posted a strong comeback on Friday, following a series of measures […]

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last AUD/USD has been gaining ground over the past week, with a rising wedge coming into play. That is a bearish pattern, pointing towards a possible breakdown before long. Given the wider downtrend in play, such a breakdown would be consistent with the primary long-term trend. Thus, watch for […]

Australia: S&P/ASX 200 (.AXJO) best performance in four months

Australia: S&P/ASX 200 (.AXJO) best performance in four months

Australia: S&P/ASX 200 (.AXJO) best performance in four months Australian shares recorded their best performance in four months on Wednesday as they extended their gains from the previous session. The S&P/ASX 200 Index closed 69.2 points, or 1.2 per cent, higher at 5939.1, following on from a strong session on Wall Street on Tuesday. Australian […]

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity AUD/USD is regaining ground, following the failure to create a new low below $0.7044. The peak of $0.7131 remains a key level to overcome if the pair is going to regain further ground. However, such upside would look likely to provide yet another selling opportunity from either […]

Australia: S&P/ASX 200 (.AXJO) downward pressure remained for all sectors

Australia: S&P/ASX 200 (.AXJO) downward pressure remained for all sectors

Australia: S&P/ASX 200 (.AXJO) downward pressure remained for all sectors Investor nerves are still rattled after the worst weekly loss on the Australian sharemarket since January 2016 last week with the ASX 200 stumbling again on Monday. The index is down another 88 points or 1.5% to 5807 and accelerating towards lunch despite a strong […]

Australian Dollar: USD/AUD (AUD=X) tiptoes higher

Australian Dollar: USD/AUD (AUD=X) tiptoes higher

Australian Dollar: USD/AUD (AUD=X) tiptoes higher AUD/USD’s march lower seen over the past few months has stalled over the previous week, but the recovery has been modest at best. The first upside level to watch is $0.716, followed by the still-intact downtrend line from January, which suggests resistance around $0.72. Overall, the bias in prices is: […]

Australian Dollar: USD/AUD (AUD=X) risk aversion realized

Australian Dollar: USD/AUD (AUD=X) risk aversion realized

Australian Dollar: USD/AUD (AUD=X) risk aversion realized The trade is so far doing ok as risk aversion realized. But we’ve overestimated the strength in Dollar. Still, the price actions from 0.7040 to 0.7130 are corrective looking, which reinforces our bearish view. For now, we’ll keep the stop at 0.7185, slightly above 50% retracement of 0.7314 […]

Australia: S&P/ASX 200 (.AXJO) worst performance in eight months

Australia: S&P/ASX 200 (.AXJO) worst performance in eight months

Australia: S&P/ASX 200 (.AXJO) worst performance in eight months The benchmark ASX 200 index closed down 2.7 per cent at 5,883, while the All Ordinaries index slumped 170 points to close below 6,000 points for the first time in more than half a year, at 5,993. It is the worst one-day fall since the market […]

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare A surprising turnaround has seen the Australian market finish the day higher on the back of healthcare and telco stocks as the financial sector shrugged off leftover jitters from Wall Street. The benchmark S&P/ASX200 index was up 8.7 points, or 0.14 per cent, to 6,049.8 […]

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again AUD/USD has been attempting to regain some ground following on from the consistent decline of recent weeks. However, the recovery is looking like it could come under pressure should this bearish engulfing pattern complete. Such a bearish closed candle would provide greater confidence that we are […]

Australia: S&P/ASX 200 (.AXJO) Support at 6000

Australia: S&P/ASX 200 (.AXJO) Support at 6000

Australia: S&P/ASX 200 (.AXJO) Support at 6000 Australian shares are poised to edge lower at the open, as shares on Wall Street failed to hold early gains. ASX futures were down 6 points at 7.45am AEDT. The Australian dollar edged above the US71¢ mark, defying expectations of a retreat. Focus remains squarely to the downside, where the […]

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown AUD/USD has been gradually slowing in its decline, following on from a break below the key $0.7085 support level. That slowdown highlights the possibility of a rebound to begin retracing this recent decline from $0.7315. However, for now it looks likely we will see further downside, with […]

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows ANZ Job Advertisements: Monday, 00:30. This gauge of Australian employment precedes the official jobs report released by the government. The number of job advertisements dropped by 0.6% in August and we may see a bounce in September. NAB Business Confidence: Tuesday, 00:30. The National Australia Bank’s […]

Australia: S&P/ASX 200 (.AXJO) poised to drop to start the week

Australia: S&P/ASX 200 (.AXJO) poised to drop to start the week

Australia: S&P/ASX 200 (.AXJO) poised to drop to start the week Australian shares are poised to drop to start the week, weighed by a sell-off on Wall Street and among base metals. ASX futures were 28 basis points lower. The Australian dollar was buying US70.57¢. In addition to Wall Street’s slide into the weekend, base metals were […]

Australian Dollar: USD/AUD (AUD=X) lurches lower

Australian Dollar: USD/AUD (AUD=X) lurches lower

Australian Dollar: USD/AUD (AUD=X) lurches lower The downtrend continues here for AUD/USD, a lower high at $0.73 having worked out beautifully for the bears. The price is currently testing the $0.7484 low from mid-September, and further declines below this bring $0.6973 and then $0.6828 into play. Overall, the bias in prices is: Downwards. The projected upper […]

Australia: S&P/ASX 200 (.AXJO) Alumina push ASX higher

Australia: S&P/ASX 200 (.AXJO) Alumina push ASX higher

Australia: S&P/ASX 200 (.AXJO) Alumina push ASX higher The best-performing ASX 200 share today was Alumina Limited (ASX: AWC), its share price went up 10.8% after the world’s alumina largest refinery, Alunorte, ceased production potentially forever. South32 Ltd (ASX: S32) was another to benefit from the closure news, its share price rose by 7.3%. The […]

Australia: S&P/ASX 200 (.AXJO) bank shares regain ground

Australia: S&P/ASX 200 (.AXJO) bank shares regain ground

Australia: S&P/ASX 200 (.AXJO) bank shares regain ground Rising commodity prices helped fuel a jump in the materials and energy sectors and lift the Australian share market at noon, while the under-fire banks also regained some ground. The benchmark S&P/ASX200 index was up 20.9 points, or 0.34 per cent, at 6,147.1 points at 1200 AEST […]

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals For those that don’t follow the Australian economy closely, we’ve seen a big housing boom. That is now well and truly over and there are many calling for a crash. Real estate is a big part of the Australian economy and wealth in general. Tighter lending […]

Australia: S&P/ASX 200 (.AXJO) worst performance in more than a fortnight

Australia: S&P/ASX 200 (.AXJO) worst performance in more than a fortnight

Australia: S&P/ASX 200 (.AXJO) worst performance in more than a fortnight Australian shares slumped to their worst performance in more than a fortnight on Monday as the banks lost gains they had made following the release of the royal commission interim report’s on Friday. The S&P/ASX 200 index fell 35.3 points, or 0.6 per cent, to 6172.3, […]

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement AUD/USD has been turning lower from the 76.4% retracement, with the pair looking likely to continue towards the downside. The Friday rally into the $0.7236 swing low, alongside the 200-day simple moving average (SMA) on the four-hour chart, provided another turn lower. As such, watch out for […]

Australia: S&P/ASX 200 (.AXJO) Bank Stocks Fall

Australia: S&P/ASX 200 (.AXJO) Bank Stocks Fall

Australia: S&P/ASX 200 (.AXJO) Bank Stocks Fall Australian shares closed the session modestly lower on Thursday as some minor losses by the major banks weighed the market. The S&P/ASX 200 index closed the day 11.1 points, or 0.2 per cent lower, at 6181.2 with the market making muted gains and losses. The major banks led […]

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets The Australian Dollar lived up to its reputation as the risk-proxy of choice for traders during this trade war, selling off to as low as 0.7150 in the lead-up to US President Trump’s announcement of the latest round of US tariffs […]

Australia: S&P/ASX 200 (.AXJO) leading sector real estate, up 0.7 per cent against the falling market

Australia: S&P/ASX 200 (.AXJO) leading sector real estate, up 0.7 per cent against the falling market

Australia: S&P/ASX 200 (.AXJO) leading sector real estate, up 0.7 per cent against the falling market The S&P/ASX200 has closed just slightly lower at 6186.9, an intra-day drop of 7.6 points. The leading sector was real estate, up 0.7 per cent against the falling market, and energy, up 0.6 per cent. The real estate index […]

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance AUD/USD has started the week in bearish fashion, with the price gapping lower after hitting trendline resistance on Friday morning. With the price having moved into the four-hour simple moving average (SMA), alongside the swing low from Thursday, a break below that $0.7254 level will dictate the […]

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance The Australian dollar has rallied again during the day on Wednesday, breaking through some relatively difficult resistance at the 0.7250 line. Perhaps it is the idea that the Chinese are starting to soften their stance a bit, or maybe it’s just a simple reflexive bounce […]

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions SPI futures are indicating a 5-point jump at the open for the ASX200, as trade continue to ride the wave of relief washing-over global markets. The boost in global commodity prices has underpinned the bounce in the ASX, with the materials and energy sectors […]

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55 Australian shares are poised to open lower, amid mixed trading on Wall Street. ASX futures were down 3 points at 6.45am AEST, paring earlier losses. The Australian dollar extended its rally, rising another 0.7 per cent. On Wall Street, shares in Goldman Sachs and JPMorgan paced the Dow […]

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound Australian shares are poised to rally, following Wall Street, as trade tensions between the US and China escalated less than feared.  The Australian dollar leapt 0.5 per cent higher to retop US72¢. Shares in New York were sharply higher, though they pared gains into the close, as investors […]

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom $USD, $AUD, $NZD Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, but says that there are still countries like the Philippines that will suffer. Given the uncertainty, the money manager is keeping a net neutral USD position, while making trades including shorting the Philippine […]

Australia: S&P/ASX 200 (.AXJO) set for a sluggish start

Australia: S&P/ASX 200 (.AXJO) set for a sluggish start

Australia: S&P/ASX 200 (.AXJO) set for a sluggish start Australian shares are set for a sluggish start to the week following reports US President Donald Trump has called for fresh tariffs on Chinese products. The news took the shine off US markets on Friday, which closed flattish after a sharp dip when the story broke […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Following Wall Street

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Following Wall Street

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Following Wall Street Australian shares are poised to rise at the open, following Wall Street’s lead as Apple paced the Dow higher. ASX futures were up 25 points at 4.15am AEST. The Australian dollar topped the US72¢ mark overnight bolstered by the latest local jobs data and […]

Australia: S&P/ASX 200 (.AXJO) Stocks on the Rise

Australia: S&P/ASX 200 (.AXJO) Stocks on the Rise

Australia: S&P/ASX 200 (.AXJO) Stocks on the Rise Australian shares rose on Tuesday as investors found value in beaten-down banks and as energy stocks jumped on higher oil prices. The S&P/ASX 200 index rose 0.4 percent, or 27.1 points, to 6,168.8 by 0200 GMT. The benchmark, which dipped 2.1 points on Monday, was on track […]

Australia: S&P/ASX 200 (.AXJO) renewed and heightened threats by Donald Trump against Chinese goods

Australia: S&P/ASX 200 (.AXJO) renewed and heightened threats by Donald Trump against Chinese goods

Australia: S&P/ASX 200 (.AXJO) renewed and heightened threats by Donald Trump against Chinese goods Australian shares are poised to fall at the open, reflecting renewed and heightened threats by Donald Trump against Chinese goods. ASX futures were 23 points lower. The S&P/ASX 200 index shed 175.7 points, or 2.8 per cent, last week, its worst […]

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