Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Lower, Crude Oil Higher, Stocks Higher Notes: Trade talks dominate headlines with a new round of negotiations between the US and China expected in Washington Tuesday, and follow-up sessions at a higher level this week. Minutes of the Fed’s last policy meeting are due Wednesday and should provide more guidance on the likelihood or […]

Australian Dollar: USD/AUD (AUD=X) rates stabilized near previous support in the 0.7050 area

Australian Dollar: USD/AUD (AUD=X) rates stabilized near previous support in the 0.7050 area

Australian Dollar: USD/AUD (AUD=X) rates stabilized near previous support in the 0.7050 area AUD/USD is one of the best pairs to watch to gauge sentiment toward global trade. After a swooning on dovish RBA comments earlier this month, rates stabilized near previous support in the 0.7050 area. The pair has rallied 100 pips since then, and […]

Australia: S&P/ASX 200 (.AXJO) massive swings in several companies after their results disappointed

Australia: S&P/ASX 200 (.AXJO) massive swings in several companies after their results disappointed

Australia: S&P/ASX 200 (.AXJO) massive swings in several companies after their results disappointed The S&P/ASX 200 hit a high of 6119 around lunch time today and managed to stay above the 6100 level to close at 6106.9 this afternoon. There were massive swings in several companies after their results disappointed, or surprised, the market greatly. Blackmores ended […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Higher, Crude Oil Mixed, Stocks Higher Notes: Trade talks dominated headlines with a new round of negotiations between the United States and China expected in Washington on Tuesday, and follow-up sessions at a higher level later in the week. Comments from European Central Bank’s Olli Rehn on Sunday have triggered speculation the […]

Australia: S&P/ASX 200 (.AXJO) closed 0.4% higher

Australia: S&P/ASX 200 (.AXJO) closed 0.4% higher

Australia: S&P/ASX 200 (.AXJO) closed 0.4% higher It has been a positive day of trade for the Australian share market closing 0.4 per cent higher. Bank of Queensland (ASX:BOQ) shares took a dip today after a $12 million guidance downgrade. Waste management company Bingo Industries (ASX:BIN) saw their shares slump hit by the apartment building slowdown. They reduced their […]

Australian Dollar: USD/AUD (AUD=X) fresh risk appetite on optimistic tone from trade talks

Australian Dollar: USD/AUD (AUD=X) fresh risk appetite on optimistic tone from trade talks

Australian Dollar: USD/AUD (AUD=X) fresh risk appetite on optimistic tone from trade talks The Aussie extends recovery off 0.7054 base, boosted by fresh risk appetite on optimistic tone from trade talks. Fresh extension higher cracked 0.7146 (Fibo 38.2% of 0.7295/0.7054) the lower boundary of strong resistance zone between 0.7146 and 0.7162 (consisting of Fibo barrier […]

Australia: S&P/ASX 200 (.AXJO) reporting season has seen companies becoming increasingly cautious

Australia: S&P/ASX 200 (.AXJO) reporting season has seen companies becoming increasingly cautious

Australia: S&P/ASX 200 (.AXJO) reporting season has seen companies becoming increasingly cautious It is the busiest block of results with around 70 of the top 200 companies dropping mainly half-year numbers. It also should give a clearer picture about how things are going across the key consumer, industrial and resources sectors. “Reporting season is 37 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Ranged, USD Higher, Crude Oil Higher, Stocks Lower In Asia Notes:  US Treasury Secretary Steven Mnuchin hopes for “productive” trade meetings in China scheduled to run through Friday.The United States has used tariffs as leverage to demand Beijing make major structural policy changes, including ending the forced transfer of American technology, fully enforcing intellectual property rights, and […]

Australia: S&P/ASX 200 (.AXJO) bucked the trend yesterday, at least across the Asian region, closing 0.26 per cent lower at 6063

Australia: S&P/ASX 200 (.AXJO) bucked the trend yesterday, at least across the Asian region, closing 0.26 per cent lower at 6063

Australia: S&P/ASX 200 (.AXJO) bucked the trend yesterday, at least across the Asian region, closing 0.26 per cent lower at 6063 ASX missed the party The ASX bucked the trend yesterday, at least across the Asian region, closing 0.26% lower at 6063. Ostensibly, Australian shares missed-out on the party: global equities were noticeably higher across […]

Australian Dollar: USD/AUD (AUD=X) lifted by fresh hopes of U.S.-China breakthrough

Australian Dollar: USD/AUD (AUD=X) lifted by fresh hopes of U.S.-China breakthrough

Australian Dollar: USD/AUD (AUD=X) lifted by fresh hopes of U.S.-China breakthrough The Australian Dollar rose Thursday as markets cheered fresh signs the White House could be willing to extend trade negotiations with China past a March 01 deadline, although new forecasts from UBS and Commonwealth Bank of Australia (CBA) suggest things are already about as good as they’ll get […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Higher, Crude Oil Higher, Stocks Up In Asia Notes:  US Treasury Secretary Steven Mnuchin said Thursday he hopes for “productive” trade meetings in China, as the 2 countries work to hammer out an agreement to resolve their trade dispute. The talks, scheduled to run through Friday, follow 3 days of deputy-level meetings to work […]

Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open ahead of consumer inflation

Australia: S&P/ASX 200 (.AXJO)  poised to edge higher at the open ahead of consumer inflation

Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open ahead of consumer inflation The Australian share market is expected to open the day higher on Thursday. According to the latest SPI futures, the ASX 200 is expected to start the day 0.1% or 6 points higher. This follows a positive night of trade […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady, USD Higher, Crude Oil Up, Stocks Up In Asia Notes:  US Treasury Secretary Steven Mnuchin said Wednesday he hopes for “productive” trade meetings in China this week, as the 2 countries seek to hammer out an agreement to resolve the trade dispute. The Cboe Volatility Index (VIX) dropped overnight to as low as 14.95, […]

Australian Dollar: USD/AUD (AUD=X) rises after U.S. shutdown averted, White House talks Xi meeting

Australian Dollar: USD/AUD (AUD=X) rises after U.S. shutdown averted, White House talks Xi meeting

Australian Dollar: USD/AUD (AUD=X) rises after U.S. shutdown averted, White House talks Xi meeting The Australian Dollar rose Tuesday as investors cheered an agreement struck overnight in Washington that will avert a second 2019 government shutdown, which has buoyed so-called risk assets including the Antipodean currency. President Donald Trump has secured partial funding for his proposed […]

Australia: S&P/ASX 200 (.AXJO) mixed earnings results

Australia: S&P/ASX 200 (.AXJO) mixed earnings results

Australia: S&P/ASX 200 (.AXJO) mixed earnings results It has been a positive day of trade for the Australian share market, with the local bourse snapping its two-day losing streak. Most of the sectors traded higher today with Energy, Utilities, Healthcare and Telcos leading the charge. The XJO was higher earlier in the session but selling […]

Australian Dollar: USD/AUD (AUD=X) remains pressured following a dovish shift from the RBA last week

Australian Dollar: USD/AUD (AUD=X) remains pressured following a dovish shift from the RBA last week

Australian Dollar: USD/AUD (AUD=X) remains pressured following a dovish shift from the RBA last week The Australian dollar remains pressured following the Reserve Bank of Australia’s (RBA) dovish shift last week. After starting the week at .7250, the AUD/USD ended it at .7088, representing a decline of 2.2%. It was the largest weekly decline in […]

Australia: S&P/ASX 200 (.AXJO) poised for a big week of earnings

Australia: S&P/ASX 200 (.AXJO) poised for a big week of earnings

Australia: S&P/ASX 200 (.AXJO) poised for a big week of earnings Investors are poised for a big week of earnings, with a number of the local sharemarket’s most shorted stocks set to report their results this week. JB Hi-Fi, Super Retail Group, IOOF Holdings, Amcor, Bendigo & Adelaide Bank and AMP will all report earnings […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

3$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold EasedUSD CautiousCrude Oil DownStocks Off In Asia Notes: Messrs. Mnuchin and Lighthizer open another round of trade talks in Beijing this week to push for a deal to protect American intellectual property and avert a 2 March increase in US tariffs on Chinese goods. Gold: Gold prices eased Monday as uncertainties around US-China trade tensions […]

Australia: S&P/ASX 200 (.AXJO) a flat start to the week is expected

Australia: S&P/ASX 200 (.AXJO) a flat start to the week is expected

Australia: S&P/ASX 200 (.AXJO) a flat start to the week is expected The Australian market is expected to start the week flat as investors wait to see earnings results for a swathe of firms. The benchmark S&P/ASX200 index on Friday closed down 0.3 per cent at 6,071.5 points while the broader All Ordinaries eased 0.4 […]

Australian Dollar: USD/AUD (AUD=X) retail sales dip

Australian Dollar: USD/AUD (AUD=X) retail sales dip

Australian Dollar: USD/AUD (AUD=X) retail sales dip The Australian dollar had its worst week since October, falling 2.2 percent. The Aussie has declined 2.5% in February, erasing most of the gains seen in January. We’ll get a look at business and consumer confidence, both of which are struggling. Here is an outlook for the highlights of this week […]

Australia: S&P/ASX 200 (.AXJO) stocks seen better than expected results were rewarded with strong gains

Australia: S&P/ASX 200 (.AXJO) stocks seen better than expected results were rewarded with strong gains

Australia: S&P/ASX 200 (.AXJO) stocks seen better than expected results were rewarded with strong gains The Australian sharemarket closed at four-month high on Thursday as better than expected results were rewarded with strong gains. The S&P/ASX 200 Index rose 66.4 points, or 1.1 per cent, to 6092.5 while the broader All Ordinaries climbed 67.3 points, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD UpCrude Oil DownStocks Up In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. Gold: Gold fell to a more than 1-week low Thursday, pressured by a stronger USD, but worries over slowing global […]

Australia: S&P/ASX 200 (.AXJO) holds above 6,000

Australia: S&P/ASX 200 (.AXJO) holds above 6,000

Australia: S&P/ASX 200 (.AXJO) holds above 6,000 The Australian share market popped higher at the open after all US indices gained ahead of Trump’s State of Union address, with the Nasdaq and Dow Jones up the most, about 0.7 per cent. The local bourse quickly sank into the red and quickly recovered, with Tech and […]

Australian Dollar: USD/AUD (AUD=X) Australian central bank governor says future rate cut is possible

Australian Dollar: USD/AUD (AUD=X) Australian central bank governor says future rate cut is possible

Australian Dollar: USD/AUD (AUD=X) Australian central bank governor says future rate cut is possible Philip Lowe told the National Press Club in Sydney on Wednesday, that the chance of the rate cut is more likely than it used to be, changing the RBA’s tone slightly. ‘Looking forward there are scenario where the outlook in the […]

Australia: S&P/ASX 200 (.AXJO) RBA speech ahead

Australia: S&P/ASX 200 (.AXJO) RBA speech ahead

Australia: S&P/ASX 200 (.AXJO) RBA speech ahead Australian shares are poised to edge higher ahead of a midday speech by RBA governor Philip Lowe. ASX futures were up 7 points at 4.45am AEDT. Today’s Agenda Local data: RBA governor Lowe speaks at midday Overseas data: German factory orders December, Donald Trump State of the Union […]

Australian Dollar: USD/AUD (AUD=X) helped by a lift in US bond yields

Australian Dollar: USD/AUD (AUD=X) helped by a lift in US bond yields

Australian Dollar: USD/AUD (AUD=X) helped by a lift in US bond yields The main them of Monday’s session was broad based US dollar strength, helped by a lift in US bond yields despite another weak reading on US factory orders in November. “AUD/USD eased modestly in line with the stronger USD,” said Joseph Capurso, Senior […]

Australia: S&P/ASX 200 (.AXJO) investors just got the final piece of a 13-month inquiry into the rampant misconduct at the nation’s biggest banks and financial firms

Australia: S&P/ASX 200 (.AXJO) investors just got the final piece of a 13-month inquiry into the rampant misconduct at the nation’s biggest banks and financial firms

Australia: S&P/ASX 200 (.AXJO) investors just got the final piece of a 13-month inquiry into the rampant misconduct at the nation’s biggest banks and financial firms Australian investors just got the final piece of a 13-month inquiry into the rampant misconduct at the nation’s biggest banks and financial firms that could set the tone for […]

Australian Dollar: USD/AUD (AUD=X) Jobs and Housing Markets Falter Ahead of Key RBA Interest Rate Decision

Australian Dollar: USD/AUD (AUD=X) Jobs and Housing Markets Falter Ahead of Key RBA Interest Rate Decision

Australian Dollar: USD/AUD (AUD=X) Jobs and Housing Markets Falter Ahead of Key RBA Interest Rate Decision The Australian Dollar fell into the new week Monday after surveys showed the jobs and housing markets struggling early in the New Year, just hours before the latest interest rate guidance is due from the Reserve Bank of Australia (RBA). Fresh […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FirmCrude Oil UpStocks Steady In Asia Note: China closed all week for the Lunar New Year Gold: Gold prices slipped Monday as risk aversion waned amid some signs of progress in US-China trade talks, while a firm USD kept bullion under pressure. Spot gold was down 0.4% at $1,313.01 oz by 0552 GMT US […]

Australia: S&P/ASX 200 (.AXJO) busy week for local investors

Australia: S&P/ASX 200 (.AXJO) busy week for local investors

Australia: S&P/ASX 200 (.AXJO) busy week for local investors Australian shares are poised to open higher though trading hesitant ahead of Commissioner Hayne’s report. ASX futures were up 20 points. The Australian dollar slipped 0.3 per cent. It’s going to be a busy week for local investors with today’s report on the financial sector first […]

Australian Dollar: USD/AUD (AUD=X) RBA might well be forced to step in soon and actually cut official interest rates

Australian Dollar: USD/AUD (AUD=X) RBA might well be forced to step in soon and actually cut official interest rates

Australian Dollar: USD/AUD (AUD=X) RBA might well be forced to step in soon and actually cut official interest rates The AUD/USD might have seen a bit of a resurgence in the last week or so, but there are rumblings that the RBA might well be forced to step in soon and actually cut official interest […]

January, Officially Australia’s Hottest Month Ever

January, Officially Australia’s Hottest Month Ever

In January, Australia sweltered through its hottest month on record, and the Summer of extremes continues with wildfires razing the drought-parched south while expanses of the tropical north are flooded. Australia’s Bureau of Meteorology Friday confirmed the record heat during January as parts of the northern hemisphere have recently experienced record cold. Australia’s scorching start […]

Federal Reserve keeps rates steady, Australian Dollar: USD/AUD (AUD=X) shoots up

Federal Reserve keeps rates steady, Australian Dollar: USD/AUD (AUD=X) shoots up

Federal Reserve keeps rates steady, Australian Dollar: USD/AUD (AUD=X) shoots up The US Federal Reserve’s January monetary policy statement was dovish and this provided further impetus to the Aussie dollar after release of the CPI data. The key words are as follows: ‘In light of global economic and financial developments and muted inflation pressures, the […]

Australia: S&P/ASX 200 (.AXJO) futures pointing higher

Australia: S&P/ASX 200 (.AXJO) futures pointing higher

Australia: S&P/ASX 200 (.AXJO) futures pointing higher According to the latest SPI futures, the ASX 200 is expected to open the day higher on Friday. Current futures contracts are pointing to an 8-point or 0.15% gain at the open. This follows a mixed night of trade on Wall Street which late in the session sees […]

Australian Dollar: USD/AUD (AUD=X) at key resistance breakout zone

Australian Dollar: USD/AUD (AUD=X) at key resistance breakout zone

Australian Dollar: USD/AUD (AUD=X) at key resistance breakout zone AUD/USD has been pushing upwards, with the pair rising into trendline resistance. The creation of a higher low this week provides half the bullish story, with a break through the $0.7204 resistance level providing confirmation of that bullish outlook. Look at the $0.7204-$0.7235 zone of resistance, where […]

Australia: S&P/ASX 200 (.AXJO) set to rise for a second day

Australia: S&P/ASX 200 (.AXJO) set to rise for a second day

Australia: S&P/ASX 200 (.AXJO) set to rise for a second day Australian shares are set to rise for a second day as iron ore surged still higher and US/China trade talks resumed. Wall Street leapt higher – the Dow was up more than 470 points at one point – after the Fed took a decidedly dovish […]

Australian Dollar: USD/AUD (AUD=X) showing little reaction to the NAB Business Confidence report

Australian Dollar: USD/AUD (AUD=X) showing little reaction to the NAB Business Confidence report

Australian Dollar: USD/AUD (AUD=X) showing little reaction to the NAB Business Confidence report The Australian Dollar is trading slightly higher early Tuesday, recovering from earlier weakness. Traders are showing little reaction to the NAB Business Confidence report which came in unchanged from the previous month at 3. There has also been little reaction to renewed […]

Australia: S&P/ASX 200 (.AXJO) index could rise as much as 20% towards the 6,500 level

Australia: S&P/ASX 200 (.AXJO) index could rise as much as 20% towards the 6,500 level

Australia: S&P/ASX 200 (.AXJO) index could rise as much as 20% towards the 6,500 level According to the AFR, a number of analysts are positive on the ASX 200 pushing notably higher in 2019. Stephen Koukoulas from Market Economic has predicted that the benchmark index could rise as much as 20% towards the 6,500 level. […]

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

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

Australia: S&P/ASX 200 (.AXJO) futures pointing lower According to the latest SPI futures, the ASX 200 is expected to open the day lower on Tuesday. Current futures contracts are pointing to a decline of 0.5% or 30 points this morning following a disappointing night of trade on Wall Street. Late in the session the Dow […]

Australian Dollar: USD/AUD (AUD=X) fails to hang onto gains

Australian Dollar: USD/AUD (AUD=X) fails to hang onto gains

Australian Dollar: USD/AUD (AUD=X) fails to hang onto gains The Australian dollar initially tried to rally for the Monday session, but we have turned around near the 0.72 level, which of course is a major round figure as of late and is the beginning of significant resistance extending to the 0.7250 level. Beyond that, the 200 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Washington Thursday signaled it could impose sanctions on Venezuela’s Crude Oil exports as Caracas descends further into political and economic chaos. The US-China trade discussions will provide insight into how talks are […]

Australian Dollar: USD/AUD (AUD=X) showing signs of further weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of further weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of further weakness The Australian dollar initially tried to rally during the trading session on Thursday, and even pierced the 50 day EMA. By doing so, we rolled over and broke down below the 0.71 level during the day, showing signs of further weakness. However we have bounced just a […]

Australia: S&P/ASX 200 (.AXJO) appear set to open higher

Australia: S&P/ASX 200 (.AXJO) appear set to open higher

Australia: S&P/ASX 200 (.AXJO) appear set to open higher Australian shares appear set to open higher amid a mixed session on Wall St. $A drops. ASX futures up 17 points at about 8am AEDT. Ahead of the open, AMP has filed an update to the exchange in which it said it “expects to report an underlying profit […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil DownStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate, but its retail markets are expanding widely. China makes up 19% of the world’s economy, the slowdown this year […]

Australia: S&P/ASX 200 (.AXJO) set to open lower on renewed concerns about a global growth slowdown

Australia: S&P/ASX 200 (.AXJO) set to open lower on renewed concerns about a global growth slowdown

Australia: S&P/ASX 200 (.AXJO) set to open lower on renewed concerns about a global growth slowdown Australian shares are set to open lower on renewed concerns about a global growth slowdown. Jobs report ahead. ASX futures were down 4 points, paring earlier losses, at about 8.15am AEDT. The Australian dollar – for now defying an even […]

Australian Dollar: USD/AUD (AUD=X) keeps on declining

Australian Dollar: USD/AUD (AUD=X) keeps on declining

Australian Dollar: USD/AUD (AUD=X) keeps on declining AUD/USD continued its downward move yesterday, providing further evidence that global risk appetite is waning. A rally off the lows yesterday is faltering at $0.714, creating a lower high. Further declines target $0.712 and then $0.709. Overall, the bias in prices is: Sideways. The projected upper bound is: 0.72. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate. Gold: Gold prices stood firm Wednesday on higher demand for safe-haven assets over concerns of slowing global economy and […]

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

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

Australia: S&P/ASX 200 (.AXJO) futures pointing lower The Australian share market looks likely to extend its decline on Wednesday. According to the latest SPI futures, the ASX 200 is poised to open the day 0.4% or 23 points lower this morning. This follows a disappointing night of trade on Wall Street which late in the […]

Australian Dollar: USD/AUD (AUD=X) Weak Global Economic Forecasts Weighing on Aussie

Australian Dollar: USD/AUD (AUD=X) Weak Global Economic Forecasts Weighing on Aussie

Australian Dollar: USD/AUD (AUD=X) Weak Global Economic Forecasts Weighing on Aussie The Australian and New Zealand Dollars are trading lower on Tuesday in reaction to concerns over data showing China’s economy slowed sharply in 2018 and weakening global growth. The lack of fresh developments over U.S.-China trade relations could also be weighing on the Aussie […]

Australia: S&P/ASX 200 (.AXJO) poised to edge lower after the IMF once again pared its global growth forecast

Australia: S&P/ASX 200 (.AXJO) poised to edge lower after the IMF once again pared its global growth forecast

Australia: S&P/ASX 200 (.AXJO) poised to edge lower after the IMF once again pared its global growth forecast Australian shares are poised to edge lower after the IMF once again pared its global growth forecast. ASX futures were down 1 point near 5.45am AEDT. European shares were mostly lower. Wall Street was closed for a holiday. […]

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower AUD/USD has been on the rise throughout the beginning of 2019, although the past week has seen the pair drift lower in what could be a topping pattern. The wider trend in AUD/USD is bearish, and thus until we break through the $7393 level, there is […]

Australia: S&P/ASX 200 (.AXJO) set to open higher on hopes that the US and China are moving to resolve their trade dispute

Australia: S&P/ASX 200 (.AXJO) set to open higher on hopes that the US and China are moving to resolve their trade dispute

Australia: S&P/ASX 200 (.AXJO) set to open higher on hopes that the US and China are moving to resolve their trade dispute Australian shares are set to open higher on hopes that the US and China are moving to resolve their trade dispute. ASX futures were up 43 points. US markets will be closed Monday […]

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish The tone changed from short-term bullish to short-term bearish last week when U.S. Treasury yields started to rise. This helped make the U.S. Dollar a more attractive investment. Yields are being boosted by increased demand for risky assets tied to the optimism over […]

The Key Reasons for Australia to Exit the Paris Accord Now

The Key Reasons for Australia to Exit the Paris Accord Now

It is urgent that all Australian politicians understand the dangers in the Paris Climate Agreement. Here are the Key Reasons to EXIT PARIS NOW: The science is not settled – hundreds of scientists in Australia and thousands more throughout the world reject the theory that human production of CO2 (carbon dioxide) is driving dangerous global […]

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support The Australian dollar initially pulled back a bit during the trading session on Thursday, dipping slightly below the 50 day EMA. However, we bounced slightly, and I think this is indicative of what we are going to see, a slow and gentle grind lower. This isn’t necessarily an indictment on […]

Australia: S&P/ASX 200 (.AXJO) trading in positive territory

Australia: S&P/ASX 200 (.AXJO) trading in positive territory

Australia: S&P/ASX 200 (.AXJO) trading in positive territory Australian shares are set to open higher, as Wall Street extended early gains on hopes for trade talks between the US and China. ASX futures were up 25 points near 7am AEDT. The Australian dollar advanced 0.4 per cent. The S&P 500 pushed above its average price […]

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment The Australian Dollar took a steep fall in the Westpac Consumer Sentiment index in its stride Wednesday but selling the Antipodean currency is still a “top ten” investment idea for the 2019 year, according to analysts at DBS Bank who see the Reserve Bank of Australia having to delay any […]

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

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

Australia: S&P/ASX 200 (.AXJO) Opening Higher Australian shares are set to open modestly higher as investors turn cautious amid uncertainty about Brexit and the US government shutdown. ASX futures were up 9 points at 8.15am AEDT. The Australian dollar slipped 0.4 per cent. Shares on Wall Street were higher as positive news from Goldman Sachs […]

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

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

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares advanced to the highest level since November 13, ending two days of losses for the local market as positive sentiment returned. The S&P/ASX 200 Index rose 41.2 points, or 0.7 per cent, to 5814.6 while the broader All Ordinaries climbed 38.6 points, or 0.7 per […]

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

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

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares appear set to edge higher at the open, despite rising concerns flagged by the OECD about global growth, the latest weak China economic data, a retreat in base metals and the pending UK parliamentary vote on Theresa May’s Brexit deal. ASX futures were up 9 […]

Australia: S&P/ASX 200 (.AXJO) set to start the week on a positive note

Australia: S&P/ASX 200 (.AXJO) set to start the week on a positive note

Australia: S&P/ASX 200 (.AXJO) set to start the week on a positive note ustralian shares are poised to start the week on a positive note as investors await the start of the US reporting season for a read on the outlook for corporate profits. ASX futures up 15 points. The Australian dollar edged 0.4 per […]

Australian Dollar: USD/AUD (AUD=X) main trend is down

Australian Dollar: USD/AUD (AUD=X) main trend is down

Australian Dollar: USD/AUD (AUD=X) main trend is down The main trend is down according to the daily swing chart. However, momentum is trending higher. The main trend will change to up on a trade through .7247. The minor trend is up. This move triggered the shift in momentum to up. The main range is .7394 […]

Australia: S&P/ASX 200 (.AXJO) enjoying a strong start to the year

Australia: S&P/ASX 200 (.AXJO) enjoying a strong start to the year

Australia: S&P/ASX 200 (.AXJO) enjoying a strong start to the year “It’s been a reasonable start to the year,” said Atlas Funds Management chief investment officer Hugh Dive. “We’re still in that quiet period [before earnings season] where macro factors will have a big impact. We were down a bit earlier today but there’s a […]

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress”

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress”

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress” The Australian Dollar was rose broadly Thursday in response to claims the U.S. and China are moving close toward a deal that will end the “trade war” between the two, which came ahead of retail sales figures for November. Chinese officials said […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices rose Thursday as expectations that the Fed will pause its rate tightening cycle this year. Spot gold was up 0.2% at $1,295.84 oz as of 0556 GMT, hanging near Friday’s at $1,298.42, a mark last seen in mid-June 2018. US gold futures gained […]

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data The Australian Dollar advanced against most rivals Tuesday even after official data revealed a steep fall in the nation’s trade surplus for November, and is likely to remain on its front foot over the coming weeks according to Westpac. Australia’s goods trade surplus fell from […]

Australia: S&P/ASX 200 (.AXJO) heading towards a higher open

Australia: S&P/ASX 200 (.AXJO) heading towards a higher open

Australia: S&P/ASX 200 (.AXJO) heading towards a higher open Australian shares are heading towards a higher open on optimism progress is being made between US and Chinese officials at trade talks in Beijing. ASX futures were 20 points higher at 8.45am AEDT, extending earlier modest gains. “We maintain our view that both sides have every incentive […]

Australia: S&P/ASX 200 (.AXJO) expected to open slightly lower

Australia: S&P/ASX 200 (.AXJO) expected to open slightly lower

Australia: S&P/ASX 200 (.AXJO) expected to open slightly lower Australian shares closed higher for a second straight session on Tuesday, hitting a more than month long high as trade talks between the US and China continued. The S&P/ASX 200 Index rose 39.2 points, or 0.7 per cent to 5722.4, while the broader All Ordinaries rose 38.8 […]

Australia: S&P/ASX 200 (.AXJO) rally on rising trade hopes

Australia: S&P/ASX 200 (.AXJO) rally on rising trade hopes

Australia: S&P/ASX 200 (.AXJO) rally on rising trade hopes Investors unleashed a broad-based rally on Monday in response to accommodative policy from China and the Federal Reserve allaying fears it is hell-bent on raising interest rates, with hope of further gains to come following the arrival of a US trade delegation in Beijing. The S&P/ASX 200 Index […]

Australian Dollar: USD/AUD (AUD=X) recovery seen in the Aussie dollar

Australian Dollar: USD/AUD (AUD=X) recovery seen in the Aussie dollar

Australian Dollar: USD/AUD (AUD=X) recovery seen in the Aussie dollar After plunging to as low as .6730 on Thursday, the lowest level since early 2009, the AUD/USD surged on Friday, helped by a raft of positive headlines that sparked short-covering from traders. “If ever there was a case of a currency going from zero to […]

Australia: S&P/ASX 200 (.AXJO) equity bulls will get a chance to assert themselves

Australia: S&P/ASX 200 (.AXJO) equity bulls will get a chance to assert themselves

Australia: S&P/ASX 200 (.AXJO) equity bulls will get a chance to assert themselves Australian equity bulls will get a chance to assert themselves to start the week after a massive rally on Wall Street. ASX futures were up 69 points or 1.2 per cent. The Australian dollar spiked 1.5 per cent to retop the US71¢ mark. The […]

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place AUD/USD spiked lower to 0.6722 last week but recovered strongly since then. The strength of the rebound suggests a short term bottom is in place. Intraday bias remains on the upside this week for further rebound. On the downside, break of 0.7015 minor support will […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Up Stocks Higher Notes: Selling pressure on US stocks fading, positive sentiment recovering. The Big Q: Will stock markets can sustain their recovery at the start of the New Year? In Asia Gold: Gold on pace to end the year on a high note after rallying almost 5% in the past month […]

Australia: S&P/ASX 200 (.AXJO) 2019 Outlook Positive

Australia: S&P/ASX 200 (.AXJO) 2019 Outlook Positive

Australia: S&P/ASX 200 (.AXJO) 2019 Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 6,037.27. The projected lower bound is: 4,949.02. The projected closing price is: 5,493.14. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 5 white candles and […]

In Asia: Gold Up, USD Off, Stocks Up + Commodities

In Asia: Gold Up, USD Off, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Choppy Stocks Higher Notes: Selling pressure on US equities is beginning to fade, but the VIX is still around 29 with investor risk sentiment still recovering. The CBOE Volatility Index rose mid-week to 36, its highest mark since early February. It has since pulled back to 29, still above a recent […]

Australia: S&P/ASX 200 (.AXJO) has staged its biggest rally since November 2016

Australia: S&P/ASX 200 (.AXJO) has staged its biggest rally since November 2016

Australia: S&P/ASX 200 (.AXJO) has staged its biggest rally since November 2016 Christmas has come late for the Australian share market, with a Santa rally lifting the S&P/ASX200 index to its biggest single-day gains in over two years. The benchmark index closed up 103.4 points, or 1.88 per cent, to finish at 5597.2 at 1615 […]

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown AUD/USD has been trading within a relatively flat range over the past two trading days, in what looks like a very similar pattern to those seen in recent weeks. On prior occasions these sideways consolidation patterns provide a precursor to another downside sell-off. Thus, the expectation is that […]

Australian Dollar: USD/AUD (AUD=X) sensitive to the US/China trade relations

Australian Dollar: USD/AUD (AUD=X) sensitive to the US/China trade relations

Australian Dollar: USD/AUD (AUD=X) sensitive to the US/China trade relations Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.72. The projected upper bound is: 0.72. The projected lower bound is: 0.69. The projected closing price is: 0.71. Candlesticks A black body occurred (because prices closed lower […]

Australia: S&P/ASX 200 (.AXJO) futures pointing higher

Australia: S&P/ASX 200 (.AXJO) futures pointing higher

Australia: S&P/ASX 200 (.AXJO) futures pointing higher According to the latest SPI futures, the ASX 200 is expected to open 0.6% or 35 points higher on Thursday after U.S. markets rebounded from their Christmas Eve selloff. Late in the U.S. session the Dow Jones is 2.7% higher, the S&P 500 is 2.9% higher, and the […]

Australia: S&P/ASX 200 (.AXJO) another Trump soap opera

Australia: S&P/ASX 200 (.AXJO) another Trump soap opera

Australia: S&P/ASX 200 (.AXJO) another Trump soap opera Now it is a spiraling drama over the autonomy of the US Federal Reserve that frazzled investors must cope with as stocks lurch toward a bear market. Word that President Donald Trump has discussed firing Federal Reserve chairman Jerome Powellhas gone down poorly on Wall Street, a place […]

Australian Dollar: USD/AUD (AUD=X) solid jobs growth in November, higher unemployment rate

Australian Dollar: USD/AUD (AUD=X) solid jobs growth in November, higher unemployment rate

Australian Dollar: USD/AUD (AUD=X) solid jobs growth in November, higher unemployment rate The Australian Dollar was a notable underperformer Thursday after solid labour market statistics proved unable to arrest a decline sparked by the ongoing concerns about the housing and global financial markets. The Aussie is a proxy for global investor sentiment so when markets […]

Australia: S&P/ASX 200 (.AXJO) set to fall after US rate rise

Australia: S&P/ASX 200 (.AXJO) set to fall after US rate rise

Australia: S&P/ASX 200 (.AXJO) set to fall after US rate rise Australian shares are set to open lower on Thursday after a fresh rate hike by the US Federal Reserve sent Wall Street stocks deep into the red. The Aussie dollar has extended its losses, hitting a new seven-week low 71 US cents. The SPI200 […]

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Down Crude Oil Off Asian Stocks Off  Notes: The Federal Open Market Committee (FOMC) announce its interest rate stance Wednesday, the market sold off. In Asia Gold: Gold prices steadied on Thursday, after shedding half a percent in the previous session as the Fed delivered a less-dovish outlook on monetary tightening than many wanted and had […]

Australian Dollar: USD/AUD (AUD=X) remains under pressure

Australian Dollar: USD/AUD (AUD=X) remains under pressure

Australian Dollar: USD/AUD (AUD=X) remains under pressure The Australian dollar fell against most of the major crosses again on Tuesday, weighed down by another plunge in crude oil prices. The US Federal Reserve will announce its December interest rate decision today. Markets are 70% priced for a 25 basis point hike. China’s three-day Central Economic […]

Australia: S&P/ASX 200 (.AXJO) tests two-year lows

Australia: S&P/ASX 200 (.AXJO) tests two-year lows

Australia: S&P/ASX 200 (.AXJO) tests two-year lows The Australian dropped back towards its two-year low at 5552 points today despite the big four major banks rallying on the news they would be allowed easing of lending conditions. US stocks were flat last night after reversing early gains, but the S&P-ASX 200 index dropped 0.6 per […]

Australia: S&P/ASX 200 (.AXJO) Reserve Bank board meeting minutes revealed it a more cautious tone with downside risks

Australia: S&P/ASX 200 (.AXJO) Reserve Bank board meeting minutes revealed it a more cautious tone with downside risks

Australia: S&P/ASX 200 (.AXJO) Reserve Bank board meeting minutes revealed it a more cautious tone with downside risks The Australian sharemarket was on the back-foot deep in the red again today as US stocks fell another 2 per cent, leaving them on track for the worst December since 1931 as global markets endured a US […]

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November Australia publishes its jobs report for November on Thursday, 00:30 GMT. The Land Down Under enjoyed a robust rate of jobs growth in October: no less then 32.8K positions were added to the economy, exceeding what had been expected and […]

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Cautious  Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q is when Russia will go to its agreed production level. US shale oil production will continue to increase. So, […]

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes The Australian and New Zealand Dollars finished lower last week on renewed concerns about China’s economy. For much of the week, investors were in consolidation mode as positive news emanated from the on-going trade talks between the United States […]

Australia: S&P/ASX 200 (.AXJO) shares continue slump

Australia: S&P/ASX 200 (.AXJO) shares continue slump

Australia: S&P/ASX 200 (.AXJO) shares continue slump Australian shares are set to edge down as markets continue a pre-Christmas slump. ASX futures were down 49 points to 5623 at 4.42am AEDT Shares on Wall Street sank further at the start of the final full trading week of 2018. The Dow Jones fell 300 points in […]

In Asia: Gold Flat, USD Firm, Stocks Cautious + Commodities

In Asia: Gold Flat, USD Firm, Stocks Cautious + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Flat to Little Changed USD Mixed/Firm Crude Oil Steady Asian Stocks Cautious  Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q mark when Russia will go to its agreed production level. And US production will go on […]

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite The Australian dollar sagged late in the week, as it fell to an 8-week low on Friday. Australia releases key employment indicators. In the U.S, the Fed is expected to raise rates, and we’ll get a look at U.S Final GDP for the third […]

Australia: S&P/ASX 200 (.AXJO) set to open lower after Wall Street plunged

Australia: S&P/ASX 200 (.AXJO) set to open lower after Wall Street plunged

Australia: S&P/ASX 200 (.AXJO) set to open lower after Wall Street plunged Australian shares are set to open lower after Wall Street plunged on the back of weak economic data from China and ongoing Brexit frustration. Markets are preparing for the final round of central bank meetings for the year. ASX futures were down 14 […]

Australia: S&P/ASX 200 (.AXJO) caught in a vortext as US companies are lowering earnings estimates

Australia: S&P/ASX 200 (.AXJO) caught in a vortext as US companies are lowering earnings estimates

Australia: S&P/ASX 200 (.AXJO) caught in a vortext as US companies are lowering earnings estimates Australian shares closed higher for a third session in a row on Thursday, buoyed by gains from the major banks and miners. The S&P/ASX 200 Index rose 8.1 points, or 0.1 per cent, to 5661.6 while the broader All Ordinaries […]

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise AUD traded within a relatively narrow range between 0.7185 and 0.7225 yesterday and registered an ‘inside day’. The price action offers no fresh clue and we continue to hold the view the recent sharp decline in AUD is […]

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 Everything that happened overnight appeared perfectly explicable. One wonders though if the swings in trading activity are being overly attributed to headlines The pattern continues: Wall Street indices have been swinging about madly again. The pattern continues: an open, a rally or fall, then a retracement or […]

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei Huawei CFO has been granted bail by Justice William Ehrcke on Tuesday. Meng Wanzhou will be subject to monitoring, a curfew and other strict conditions to adhere to bail conditions. President Donald Trump said he would intervene in the Huawei case […]

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 […]

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