Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise The S&P/ASX 200 index returned to form on Thursday and pushed notably higher. The benchmark index finished the day 1% higher at 6,726.6 points. Will the local share market be able to build on this on Friday? Here are five things to watch: ASX 200 expected to rise.    […]

A damaging industry scandal has forced NAB and Australia’s other major banks to allocate billions of dollars to repay customers for unfair fees and dodgy financial advice

A damaging industry scandal has forced NAB and Australia’s other major banks to allocate billions of dollars to repay customers for unfair fees and dodgy financial advice

National Australia Bank announced Thursday that its profits fell more than 13 percent in 2019, the latest in a string of poor results for the country’s banks as they address years of rampant malpractice. A damaging industry scandal has forced NAB and Australia’s other major banks to allocate billions of dollars to repay customers for […]

Signs of Global Economic Stabilization Flashing

Signs of Global Economic Stabilization Flashing

The worst may be over for the world economy’s slowdown. A wave of interest-rate cuts by central banks including the Fed and mounting expectations of a US-China trade deal are buoying confidence in financial markets just as Key economic indicators show signs of stabilization after recent declines. While a robust rebound may not be here […]

Australia: S&P/ASX 200 (.AXJO) flirting with confirming bullish break out pattern

Australia: S&P/ASX 200 (.AXJO) flirting with confirming bullish break out pattern

Australia: S&P/ASX 200 (.AXJO) flirting with confirming bullish break out pattern Positioning in Australia’s benchmark ASX 200 stock index is similarly eye-catching. Prices are hovering within a hair of what could be the top a Symmetrical Triangle pattern. If confirmed on a daily close above the 6775.60, the setup would carry bullish continuation implications. Initial […]

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

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

Australia: S&P/ASX 200 (.AXJO) Trading Higher Australia stocks were higher after the close on Monday, as gains in the Metals & Mining, Materials and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.27%. The best performers of the session on the S&P/ASX 200 were NRW Holdings Ltd (ASX:NWH), which […]

Strong US lead to see Australia: S&P/ASX 200 (.AXJO) open high today

Strong US lead to see Australia: S&P/ASX 200 (.AXJO) open high today

Strong US lead to see Australia: S&P/ASX 200 (.AXJO) open high today The interest today will turn to local retail sales data today, as traders prepare for tomorrow’s RBA meeting. And on a global front, though it’s unlikely to be anywhere near as significant as last week, traders will be positioning for another busy week […]

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

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

Australia: S&P/ASX 200 (.AXJO) Expected to Open Lower Dragged lower by weakness in banking stocks, Australian shares recorded their first back to back decline in two weeks on Thursday. The benchmark S&P/ASX 200 Index slid 26.1 points, or 0.4 per cent, to close at 6663.4, bucking the positive lead provided by Wall Street after the […]

Australia: S&P/ASX 200 (.AXJO) economic data events combined to knock the local market lower

Australia: S&P/ASX 200 (.AXJO) economic data events combined to knock the local market lower

Australia: S&P/ASX 200 (.AXJO) economic data events combined to knock the local market lower The longest rally in Australian shares in over two years came to abrupt end on Wednesday as reduced rate cut bets from the RBA, uncertainty over progress in US-China trade negations and caution ahead of several key central bank and economic […]

Australia: S&P/ASX 200 (.AXJO) pointing to an early bounce

Australia: S&P/ASX 200 (.AXJO) pointing to an early bounce

Australia: S&P/ASX 200 (.AXJO) pointing to an early bounce The Australian share market has given up nearly all of its early gains, just barely extending its winning streak to six days ahead of busy week for economic data. After being up by as many as 27 points in the morning, the benchmark S&P/ASX200 index finished […]

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

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

Australia: S&P/ASX 200 (.AXJO) Expected to Rise at Open Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 6,620.49. The projected upper bound is: 6,836.20. The projected lower bound is: 6,562.42. The projected closing price is: 6,699.31. Candlesticks A white body occurred (because prices closed higher than […]

Australia: S&P/ASX 200 (.AXJO) has finished flat following a sluggish day amid more uncertainty over Brexit negotiations

Australia: S&P/ASX 200 (.AXJO) has finished flat following a sluggish day amid more uncertainty over Brexit negotiations

Australia: S&P/ASX 200 (.AXJO) has finished flat following a sluggish day amid more uncertainty over Brexit negotiations The Australian sharemarket has finished flat following a sluggish day amid more uncertainty over Brexit negotiations. The S&P-ASX 200 index finished Wednesday up 0.9 points to 6673.1, while the all ordinaries was down 0.4 points to 6778.2. With […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Steady, USD Up, Crude Oil Flat, Stocks Off Headlines Asia shares slip on BREXIT snag Crude Oil prices fell after data showed US stocks rose more than expected last week. Gold holds steady, as technical buying gives support Gold: Gold prices were largely unchanged Wednesday, as investors awaited more clarity on […]

Australia: S&P/ASX 200 (.AXJO) stocks are tipped to make a steady start after a mixed night on Wall Street

Australia: S&P/ASX 200 (.AXJO) stocks are tipped to make a steady start after a mixed night on Wall Street

Australia: S&P/ASX 200 (.AXJO) stocks are tipped to make a steady start after a mixed night on Wall Street Australia stocks were higher after the close on Tuesday, as gains in the Materials, Metals & Mining and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.30%. The best performers […]

Australia: S&P/ASX 200 (.AXJO) staggers out of red as Treasury Wine weighs on market

Australia: S&P/ASX 200 (.AXJO) staggers out of red as Treasury Wine weighs on market

Australia: S&P/ASX 200 (.AXJO) staggers out of red as Treasury Wine weighs on market Michael Clarke’s surprise decision to resign as chief executive of Treasury Wine had a powerful impact on the broader Australian stock market on Monday as investors just barely pushed the benchmark index into positive territory. The news from Treasury sparked a 12 […]

Australia: S&P/ASX 200 (.AXJO) set to dip slightly with a big week for US corporate earnings and global economic data ahead

Australia: S&P/ASX 200 (.AXJO) set to dip slightly with a big week for US corporate earnings and global economic data ahead

Australia: S&P/ASX 200 (.AXJO) set to dip slightly with a big week for US corporate earnings and global economic data ahead Australian shares are set to dip slightly with a big week for US corporate earnings and global economic data ahead. Investors are in for another busy week of corporate earnings, including McDonald’s on Tuesday, […]

Australia: S&P/ASX 200 (.AXJO) shares set for soft open ahead of China data

Australia: S&P/ASX 200 (.AXJO) shares set for soft open ahead of China data

Australia: S&P/ASX 200 (.AXJO) shares set for soft open ahead of China data Australian shares are expected to open slightly lower on Friday, as investors will likely exercise caution ahead of growth data from the country’s biggest trade partner, China. Mining heavyweights such as BHP Group and Rio Tinto are likely to be pressured due […]

Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains

Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains

Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains The S&P/ASX 200 enjoyed a bullish session that saw the index gain 84.5 points to rise 1.3 per cent to a two-week high of 6736.5. Volumes were high at 609 million and the session ended with just 29 companies in the red. The most points […]

Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit

Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit

Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit The Australian share market has finished a touch higher despite stocks of media companies and retailers taking a hit amid reports their businesses are suffering. The benchmark S&P/ASX200 index finished Tuesday up 9.4 points, or 0.14 per cent, to 6,652 […]

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

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

Australia: S&P/ASX 200 (.AXJO) gains on truce in US-China trade war The Australian share market has closed higher for a third day, playing catch-up after the US and China struck a truce on tariffs after Friday’s close. The benchmark S&P/ASX200 index rallied hard at the open but then gave up half of its gains later […]

Australia: S&P/ASX 200 (.AXJO) set to rise after the announcement of a partial trade deal between China and the US

Australia: S&P/ASX 200 (.AXJO) set to rise after the announcement of a partial trade deal between China and the US

Australia: S&P/ASX 200 (.AXJO) set to rise after the announcement of a partial trade deal between China and the US Australian shares are set to rise after the announcement of a partial trade deal between China and the US triggered a rally in markets. The preliminary, partial deal was the biggest step toward resolving a […]

Australia: S&P/ASX 200 (.AXJO) Wild day ends flat

Australia: S&P/ASX 200 (.AXJO) Wild day ends flat

Australia: S&P/ASX 200 (.AXJO) Wild day ends flat Australian shares endured a wild ride on Thursday, gyrating throughout the session as a swathe of conflicting headlines relating to trade talks between the United States and China saw sentiment change in the blink of an eye. After three trips into negative territory and two ventures into […]

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 are set to open higher on renewed optimism for the pending high-level trade talks in Washington between the US and China. ASX futures were up 46 points or 0.7% to 6560 near 6am AEDT. The currency was little changed. China was still open to agreeing […]

Australia: S&P/ASX 200 (.AXJO) waiting to see what will come out of two days of trade talks

Australia: S&P/ASX 200 (.AXJO) waiting to see what will come out of two days of trade talks

Australia: S&P/ASX 200 (.AXJO) waiting to see what will come out of two days of trade talks The Australian sharemarket has closed higher for a third day ahead of another round of US-China trade talks. The S&P/ASX 200 index finished Tuesday up 29.8 points to 6593.4, while the all ordinaries was up 27 points to […]

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise The Australian share market has posted gains across the board after jobs figures from the US reassured traders that the world’s largest economy wasn’t on the brink of recession after all. The benchmark S&P/ASX200 index closed Monday up 46.5 points, or 0.71 per cent, to 6,563.6 […]

Australia: S&P/ASX 200 (.AXJO) brutal change in sentiment, triggered by an outsized wobble on US and European markets

Australia: S&P/ASX 200 (.AXJO) brutal change in sentiment, triggered by an outsized wobble on US and European markets

Australia: S&P/ASX 200 (.AXJO) brutal change in sentiment, triggered by an outsized wobble on US and European markets The 3 per cent fall on the ASX200 over the week — the sharpest retreat in almost a year — was a fairly abrupt and brutal change in sentiment, triggered by an outsized wobble on US and European markets. […]

Australia: S&P/ASX 200 (.AXJO) shares tumbled due to rising fears of a global recession

Australia: S&P/ASX 200 (.AXJO) shares tumbled due to rising fears of a global recession

Australia: S&P/ASX 200 (.AXJO) shares tumbled due to rising fears of a global recession Australian shares have closed sharply lower, posting their worst fall since August, due to rising fears of a global recession. The ASX 200 dropped 2.2 per cent to end at 6,493 points on Thursday — a slight recovery compared to its […]

Australia: S&P/ASX 200 (.AXJO) set for heavy falls

Australia: S&P/ASX 200 (.AXJO) set for heavy falls

Australia: S&P/ASX 200 (.AXJO) set for heavy falls The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed US factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the US-China trade war is hobbling the world’s largest economy. The slide […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Firm Headlines Crude Oil prices recover after output from US, Russia, OPEC fall Asian shares firm as investors stay hopeful on US-China disputes Gold fell to a 2 month low on the back of a strong Buck, last trading at $1,468.50 oz. Gold: […]

Australia: S&P/ASX 200 (.AXJO) bank stocks has shares looking expensive ahead of another potential interest-rate cut

Australia: S&P/ASX 200 (.AXJO) bank stocks has shares looking expensive ahead of another potential interest-rate cut

Australia: S&P/ASX 200 (.AXJO) bank stocks has shares looking expensive ahead of another potential interest-rate cut A massive rally by Australia’s bank stocks has shares looking expensive ahead of another potential interest-rate cut by the nation’s central bank. The S&P/ASX 200 Financials Index has gained nearly 17% this year, driving its forward price-to-earnings ratio to the highest […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Dips, USD Little Changed, Crude Oil Off, Stocks Flat Headlines Asian shares mostly flat to unchanged Major currencies were little changed in early trade Crude Oil shares fall on potential limit on China investments Gold prices dip as fears of widening trade war ease Gold: Gold prices dip as fears of widening trade war ease […]

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week Monday. On Monday Nufarm Limited (ASX: NUF) shares will be on watch when it releases its full year results. A weak result is expected from the agricultural chemicals company, so all eyes will be on its guidance for FY 2020. The market is currently expecting a 19% […]

Australia: S&P/ASX 200 (.AXJO) down driven by large falls in utility, communications, energy and healthcare stocks

Australia: S&P/ASX 200 (.AXJO) down driven by large falls in utility, communications, energy and healthcare stocks

Australia: S&P/ASX 200 (.AXJO) down driven by large falls in utility, communications, energy and healthcare stocks Third day of losses driven by large falls in utility, communications, energy and healthcare stocks, Australian shares declined for a third consecutive session on Thursday, ignoring a strong lead from Wall Street sparked by renewed optimism over the prospects […]

Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise On Wednesday the S&P/ASX 200 index came under pressure and tumbled lower due to a combination of trade war and impeachment concerns. The index finished the day 0.6% lower at 6,710.2 points. Will the local share market be able to bounce back from this on Thursday? Here are […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Off Headlines Asian stocks rattled, seeing Trump impeachment bid raises new risks Gold steady as President Trump’s impeachment inquiry stokes risk-off mood Crude Oil futures declined on concerns of political uncertainty and US-China trade Gold:  Gold prices were trading steady Wednesday, just below a nearly 3-wk high hit […]

Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade

Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade

Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade All the big banks rose, with ANZ up 1.3 per cent to $28.28, Westpac up 0.4 per cent to $29.92, NAB up 0.6 per cent to also close at $29.92, and Commonwealth up 0.1 per cent to $82.10. In the materials […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Headlines Crude Oil falls as focus shifts from Saudi supply to global demand concerns Global stocks up on trade hopes, growth fears temper gains Gold steady below 2-week peak but trade talk hopes weigh Gold: Gold prices are steady Tuesday, having risen to a more than […]

Australian Dollar: USD/AUD (AUD=X) weakness beyond 6815 would suggest a larger correction is underway

Australian Dollar: USD/AUD (AUD=X) weakness beyond 6815 would suggest a larger correction is underway

Australian Dollar: USD/AUD (AUD=X) weakness beyond 6815 would suggest a larger correction is underway The Australian Dollar is down nearly 2% off the monthly highs against the US Dollar with the decline testing the first major daily support zone early in the week. These are the updated targets and invalidation levels that matter on the AUD/USD charts. In my last Australian Dollar […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Off Headlines Crude Oil gains more than 1% on Saudi supply doubt China, Hong Kong stocks fall on US-China trade deal uncertainty Gold prices edge lower, as Palladium marks record high Gold: Gold prices lowed Monday, as equities gained after the US Trade Representative described last week’s US-China […]

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report AUD/USD recorded sharp losses last week, with a decline of 1.7%. It was the Aussie’s worst week since mid-July. There are only two events in the upcoming week. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. The Australian dollar continued to post […]

Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus

Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus

Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus Bullish momentum continues for the ASX 200, which records a 4th consecutive weekly gain. Subsequently, the index is now testing the 6760-70 resistance zone, which has curbed futures upside for now. Eyes will be on RBA Governor Lowe, which may be key in breaking topside resistance […]

Special Report: The Future of Asia (Parts 2/3)

Special Report: The Future of Asia (Parts 2/3)

Asia is diverse and complementary, and Asia-for-Asia industrial supply-chain networks are emerging. Asia is a highly diverse region, there is no single Asia but many. We identified 4 distinct groups of economies based on scale, economic development, interactions with one another, and connectedness to the world. Each of these “4 Asia’s” has characteristics that complement […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Up, USD Soft, Crude Oil Up, Stocks Up Headlines US-Chinese trade deputies face-off in Washington Asia’s economic hopes support shares Crude Oil edges up on Mideast tensions Gold up as softer USD and Gulf tensions support Gold: Gold prices up Friday and were headed for their 1st weekly gainer in 4-5, supported by a softer […]

Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates

Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates

Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates The Australian share market has had its best day in two weeks, with most sectors posting gains after the US Federal Reserve cut a key interest rate. The benchmark S&P/ASX200 index closed Thursday up 35.9 points, or 0.54 per cent, to 6,717.5 points. The […]

Australia Will Suffer as Governments Ignore Farmers

Australia Will Suffer as Governments Ignore Farmers

An unprecedented water shortage in drought-stricken eastern Australia is driving home the brutal realities of ignoring farmers needs is threatening the much-mythologised Outback way of life. From sunny Queensland all the way to Sydney, more than a dozen small towns are facing their own “Day Zero” within months, a water crisis reminiscent of the taps […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Flat, USD Firm, Crude Oil Up, Stocks Down Headlines Gold flat to little changed after Fed outlook disappoints Asian shares lower on guarded Fed Crude Oil prices settle after turbulent week, Saudi reassures on output Gold: Gold prices were little changed Thursday after declining up to 1% in Wednesday, as lack of clarity on the […]

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil The benchmark S&P/ASX200 index closed on Wednesday down 13.7 points, or 0.2 per cent, to 6,681.6 points, while the broader All Ordinaries was down 10.5 points, or 0.15 per cent, to 6,791.2 points. Shayne Heffernan, Founder and CEO of Heffx […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Firm, Crude Oil Off, Stocks Steady to Up Headlines USD holds firm, -0.03% to 98.288. Crude Oil jitters ease Gold prices steady in cautious mood China stocks rise ahead of expected Fed rate cut Gold:  Gold prices were little changed Wednesday as investors maintained a cautious stance ahead of the conclusion of FOMC […]

Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting

Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting

Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting Australian shares were subdued on Tuesday, as markets trod cautiously in the wake of heightened tensions in the Middle East and ahead of the U.S. Federal Reserve’s policy meeting this week. The S&P/ASX 200 index declined 0.1% or 8.2 points to […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Cautious Headlines Crude Oil pares gains Middle East risks keep stocks in caution mode Gold prices little changed as markets eye Fed outlook Gold: Gold traded steady Tuesday as traders stayed on the sidelines ahead of a widely expected rate cut by the Fed on Wednesday. Spot gold was […]

Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses”

Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses”

Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses” The Australian share market has finished marginally higher as gains by oil companies and goldminers outweighed declines elsewhere in the wake of a drone attack on two Saudi Arabian oil facilities. The benchmark S&P/ASX200 index closed on Monday up 4.3 […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Spikes, Stocks Off Headlines Crude Oil spikes after Saudi facility attacks, weak China data hits shares President Trump said the US is “locked & loaded” for a potential response to the attack on Saudi Arabia’s Crude Oil production facilities Gold rallies as […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian shares advance on US-China trade progress, ECB easing Crude Oil off on global demand worries despite hopes on trade talks Hong Kong gold market losing shine due to political unrest Gold dips as trade hopes fuel risk […]

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate Investors reacted positively Thursday to the European Central Bank’s decision to lower interest rates and engage in a new round of bond-buying as well as overtures between the U.S. and China ahead of the next round of trade […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Headlines Bears ease grip on most Asian currencies as trade worries fade Asian stocks at 6-wk highs as trade dispute gloom lifts before ECB meet Crude Oil gains on hopes for US-China trade dispute thaw Gold slips as trade […]

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated Looking at the past six months of FX movements (Fig. 1), the Australian dollar has acted as the most accurate proxy for China-related sentiment (especially on trade tensions), as demonstrated by the highest correlation with the Chinese yuan. The reasons for this relationship […]

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing Australian shares managed to extend a September advance with banks and miners performing well, as one strategist suggested concerns about a global economic downturn were  “overblown.” The S&P/ASX 200 index climbed 23 points, or 0.4 per cent, to 6638, […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Firm Headlines Crude Oil prices up after bigger-than-expected fall in Us stockpiles Rising bond yields support value stocks ahead of central bank meetings Gold prices snap 4-day losing streak and focus on ECB meet USD steady as traders await Thursday’s […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Off Headlines Crude Oil hits 6-wk highs on hopes of extended OPEC output cuts Asian stocks mostly weaker on steep Chinese factory price declines Gold hits 4-wk low as stimulus hopes, trade optimism boost risk-on mode JPY, CHF fall as […]

Australia: S&P/ASX 200 (.AXJO) minor kick off

Australia: S&P/ASX 200 (.AXJO) minor kick off

Australia: S&P/ASX 200 (.AXJO) minor kick off The local share market started the week with a minor lift of 0.01 per cent or 1 point, after rising for three straight weeks as at Friday. We saw several stocks hit all-time highs on Friday and set new ones today, including Jumbo Interactive (ASX:JIN) Qube (ASX:QUB) and Aventus (ASX:AVN) which all set new […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat Crude Oil Up, Stocks Up Headlines Asia stocks gain as soft data lift stimulus hopes Crude Oil rises as Saudi Arabia signals OPEC cuts to continue Gold inches higher, improved risk appetite caps gains USD was capped as US yields came off 2-week highs […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Up Headlines Crude Oil rises, set for weekly gainer Asia shares rise on trade disputes hopes .DXY Vs a basket of 6 peer currencies was little changed Investors took profits in gold Thursday Gold: Gold retreated Thursday as investors booked […]

BY ALL THAT’S HOLY, HONORIUS IS OUR BEST BET!

BY ALL THAT’S HOLY, HONORIUS IS OUR BEST BET!

After a couple of years of no interest whatsoever the Heffernan’s decided to stand Honorius privately to serve exclusively their own broodmares. He remains at one of Australia’s premier studs, Larneuk in Victoria. With a Horse of the Year, two Champion Sires’ titles and over $HK175 million in progeny earnings, Holy Roman Emperor has been […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up Crude Oil Up, Stocks Up Headlines Crude Oil prices rise after US confirms trade talks with China to re-start. Gold eases as equities gain on BREXIT, Hong Kong progress. Asian shares up as BREXIT, Hong Kong progress lifts sentiment. Trade talk plans cheer […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Up Headlines Crude Oil prices recover some, but economic concerns weigh Asia stocks bounce, Chinese lead Gold, silver surge after weak US data compounds slowdown fears USD is being seen as a safe-haven asset Gold: Gold rose more than 1% Tuesday […]

Betting Started: President Trump Will Forge China Trade Deal

Betting Started: President Trump Will Forge China Trade Deal

$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]

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

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

The Australian share market looks set to start the week on a subdued note. According to the latest SPI futures, the ASX 200 index is poised to open the day 5 points or 0.1% lower this morning. On Wall Street the Dow Jones rose 0.15% higher, the S&P 500 index rose 0.05%, and the Nasdaq […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil set for biggest weekly gainer since July JPY is the best performer among major currencies this month, rising 2.2% so far. Asian shares at 1-week highs Gold: Gold extended losses Friday and was set to […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up , USD Flat, Crude Oil Off, Stocks Off Headlines Crude Oil prices drop on concern over US economy Bonds reign supreme, equities struggle on recession, BREXIT fears Gold prices marked gains Thursday against the backdrop of recession fears USD flat to unchanged Gold: The precious metal markets […]

Australia: S&P/ASX 200 (ASX:.AXJO) posts gains as tech stocks shine

Australia: S&P/ASX 200 (ASX:.AXJO) posts gains as tech stocks shine

Australia: S&P/ASX 200 (ASX:.AXJO) posts gains as tech stocks shine The Australian share market has climbed modestly for a second day, buoyed by the tech sector, while the Aussie dollar has hit a 10-year low against its US counterpart. The benchmark S&P/ASX200 index finished Wednesday up 29.4 points, or 0.45 per cent, to 6,500.6 points, […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil gains, led by US WTI Crude, recession worries ease JPY stands tall Gold dips, but near 6-yr highs on rate cut hopes, trade fears Asian stocks post modest gains on Wall Street futures Gold:  Gold […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat, USD Off, Crude Oil Up, Stocks Up Headlines JPY rises as traders temper optimism over US-China trade deal Asia stocks climb as trade war fears ebb Crude Oil up as US-China trade comments calm markets Gold little changed as traders seek clarity Gold: Gold prices were largely […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Off Just in: Chinese Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the US through calm negotiations and resolutely opposes the escalation of the conflict. China’s Top trade negotiator, was speaking at […]

Asia Remains On The Rise Despite The Trade War

Asia Remains On The Rise Despite The Trade War

Major Asia Pacific markets rose by the close on Friday, as investors looked ahead to an important speech from U.S. Federal Reserve Chairman Jerome Powell later in the day. In Tokyo, the Nikkei 225 index gained 82.9 points, or 0.4%, to end the week at 20,710.91 Elsewhere, the Japanese yen traded at 106.64 versus the […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines USD steps up before Powell, Kiwi jumps on […]

Australia Elects Each State To Manage Their Own Renewable Energy

Australia Elects Each State To Manage Their Own Renewable Energy

Australia’s primary federal renewable energy target – to have33 terawatts of renewable energy by 2020– has essentially been achieved. There is much uncertainty as to what is next. In the absence of a new national target, the states have been leading the way and driving renewable energy in Australia. Victoria, New South Wales and Queensland […]

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount ommonwealth Bank of Australia (CBA) has released new forecasts that show the Sydney-based lender no longer expects the Australian Dollar to recover into year-end. Previous forecasts suggested Australia’s Dollar was due to catch a break in the final quarter of 2019 as the Federal […]

Australia: S&P/ASX 200 (ASX:.AXJO) modest gains by the index heavyweights

Australia: S&P/ASX 200 (ASX:.AXJO) modest gains by the index heavyweights

Australia: S&P/ASX 200 (ASX:.AXJO) modest gains by the index heavyweights Australian shares rose firmly on Thursday as modest gains by the index heavyweights lifted the market higher on a mixed day of earnings. The S&P/ASX 200 Index rose 18.5 points, or 0.3 per cent, to 6501.8 while the broader All Ordinaries added 20.4 points, or […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines Crude Oil dips on economic concerns after US […]

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive This coupled with the prevalent risk-on mood, as depicted by a positive trading sentiment around equity markets, provided an additional boost to perceived riskier currencies – like the Aussie – and remained supportive of the ongoing positive momentum, albeit persistent US-China trade tensions might keep a lid […]

Australia: S&P/ASX 200 (ASX:.AXJO) turned skittish ahead of a key meeting of central bankers

Australia: S&P/ASX 200 (ASX:.AXJO) turned skittish ahead of a key meeting of central bankers

Australia: S&P/ASX 200 (ASX:.AXJO) turned skittish ahead of a key meeting of central bankers The Australian share market has given up most of its gains from Tuesday, as markets around the world turned skittish ahead of a key meeting of central bankers. The benchmark S&P/ASX200 index finished Wednesday down 61.7 points, or 0.94 per cent, […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Flat Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers […]

Australia: S&P/ASX 200 (ASX:.AXJO) good support for the market across the board

Australia: S&P/ASX 200 (ASX:.AXJO) good support for the market across the board

Australia: S&P/ASX 200 (ASX:.AXJO) good support for the market across the board The Australian share market has enjoyed strong gains for a second straight day, with every sector advancing. The benchmark S&P/ASX200 index finished Tuesday up 77.6 points, or 1.2 per cent, to 6,545 points, while the broader All Ordinaries was up 76.9 points, or […]

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

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

Australian Dollar: USD/AUD (AUD=X) continues to consolidate The Australian dollar has gone back and forth over the last several sessions, and of course the 0.68 level has offered a lot of resistance. We continue to pull back from that area on short-term charts, but I think at this point it’s obvious that the 0.67 level should […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Up Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a Group of Seven summit this weekend for clues on what additional […]

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

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

Australia: S&P/ASX 200 (ASX:.AXJO) solid start to the week to continue The Australian share market has rallied to recoup some of last week’s stinging losses as global recession fears ease. The benchmark S&P/ASX200 index finished Monday up 61.9 points, or 0.97 per cent, to 6,467.4 points, while the broader All Ordinaries was up 64.6 points, […]

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750 I had looked at this one in this week’s Technical Forecast, asking the question as to whether the Aussie has finally found some element of support. It’s been a brutal year, to be sure, and this extends a bearish run that started in January of 2018 when the […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips, USD Up, Crude Oil Up, Stocks Up Headlines Asia stocks advance as China’s rate adjustment improves investor mood Crude Oil prices climb after Saudi oilfield attack Gold prices dip on firmer USD and equities Gold: Gold prices dipped Monday on a stronger USD, and a recovery in […]

Australia: S&P/ASX 200 (ASX:.AXJO) shares are looking to open higher

Australia: S&P/ASX 200 (ASX:.AXJO) shares are looking to open higher

Australia: S&P/ASX 200 (ASX:.AXJO) shares are looking to open higher Following that positive global lead, ASX 200 futures jumped 41 points, or 0.6%, on Friday night pointing to a positive start to trade for the ASX later this morning. Eurozone shares and the US S&P 500 both jumped 1.4% on Friday on the back of […]

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight Australian key indicators were impressive last week, but it wasn’t enough to push the Aussie higher. The business and consumer sectors both showed higher confidence levels. The NAB Business Confidence improved to 4 in July, up from 2 in the previous release. The Westpac Consumer Sentiment […]

O’Lonhro Victoria’s Versatile Value Stallion

O’Lonhro Victoria’s Versatile Value Stallion

O’Lonhro has proven himself to be exceptional value in Victoria. Last week he produced a City double and has managed to creep up to 13th on the National Sires Tables. With 59% winners to runners and over $5.3m in the bank from 75 winners ($70,000 av) O’Lonhro’s numbers continue to outperform many Stallions on offer […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil rises as US retail sales ease recession fears Asia stocks up in stimulus speculation Gold heads for 3rd weekly gainer on trade, growth concerns Dollar index higher Gold: Gold prices dipped Friday but were headed for […]

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65 The Australian dollar has rallied a bit during the trading session on Thursday, showing signs of consolidation just below the crucial 0.68 level which was previous support. At this point I think the market is simply trying to digest the losses and decide whether or […]

Australia: S&P/ASX 200 (ASX:.AXJO) market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months

Australia: S&P/ASX 200 (ASX:.AXJO) market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months

Australia: S&P/ASX 200 (ASX:.AXJO) market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months The benchmark ASX 200 index closed 2.9 per cent lower at 6,408, a stunning retreat from its record high reached on July 30. It was the worst one-day fall for the benchmark […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Off Headlines JPY holds gains, traders seek safety Crude Oil prices steady after big fall on recession concerns, inventory rise Stocks feel pain, as bond markets talk recession Gold gains as recession fears drive safe-haven demand Gold: Gold prices rose […]

Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points

Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points

Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major US indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time […]

Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure

Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure

Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure The Australian dollar initially tried to rally during the trading session on Wednesday, but then broke down significantly to reach towards the bottom of the recent consolidation. That being said, it looks as if the Australian dollar is going to continue to reach […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian stocks like President Trump’s delay of some China tariffs Crude Oil prices fall as China economic data disappoints Gold prices slip, President Trump’s trade concession boosts equities USD’s advance stalled as the sharp rise in US yields […]

Australia: S&P/ASX 200 (ASX:.AXJO) on track for a strong open

Australia: S&P/ASX 200 (ASX:.AXJO) on track for a strong open

Australia: S&P/ASX 200 (ASX:.AXJO) on track for a strong open Shares in New York surged, paced by Apple, as the US said it would delay imposing tariffs on some Chinese products. That bolstered risk sentiment and puts the ASX on track for a strong open. ASX futures were up 32 points or 0.5% to 6524 […]

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