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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom

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

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

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

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

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

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

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

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

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

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

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

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

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

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates The Australian Dollar slumped Thursday after more of the country’s lenders raised their mortgage rates, potentially scuppering the Reserve Bank of Australia from its own interest rate rise further down the line, leading traders to dump the currency even after a solid set of July […]

Australia: S&P/ASX 200 (.AXJO) hits a two month low

Australia: S&P/ASX 200 (.AXJO) hits a two month low

Australia: S&P/ASX 200 (.AXJO) hits a two month low Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 1.12% to 6,160.40 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 1.13% to 6,267.80 […]

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold AUD/USD managed to rebound overnight, following an impressive set of gross domestic product (GDP) numbers. However, the trend is clearly defined here, and we immediately saw the pair turn lower from the 76.4% retracement. With the price breaking below the $0.7157 level, this would have been a successful […]

Australia: S&P/ASX 200 (.AXJO) biggest fall in nearly 6 months

Australia: S&P/ASX 200 (.AXJO) biggest fall in nearly 6 months

Australia: S&P/ASX 200 (.AXJO) biggest fall in nearly 6 months The sharemarket fell to a one-month low on Wednesday as the looming threat of further US tariffs against China weighed on investors. The S&P/ASX 200 index fell for a fifth consecutive session, down 62.7 points, or 1 per cent, to 6230.4 as the major banks and […]

Australia: S&P/ASX 200 (.AXJO) Pointing Lower at Open

Australia: S&P/ASX 200 (.AXJO) Pointing Lower at Open

Australia: S&P/ASX 200 (.AXJO) Pointing Lower at Open Australian shares are poised to open lower, as copper and aluminium fell and Wall Street traded down. The Australian dollar lost 0.4 per cent, resuming its year-long slide. Local investors await the release later today of the second quarter GDP statistics. Wall Street slipped in its first […]

Australia: S&P/ASX 200 (.AXJO) Waiting for RBA policy meeting

Australia: S&P/ASX 200 (.AXJO) Waiting for RBA policy meeting

Australia: S&P/ASX 200 (.AXJO) Waiting for RBA policy meeting Current account second quarter, RBA policy meeting and cash rate decision, RBA governor Lowe speaks at a board dinner in Perth Capital Economics on pending GDP data: “The data on Australian business inventories and mining exploration mean that the risks to our forecast that GDP rose […]

Australia: S&P/ASX 200 (.AXJO) Set to Recover Losses from Friday

Australia: S&P/ASX 200 (.AXJO) Set to Recover Losses from Friday

Australia: S&P/ASX 200 (.AXJO) Set to Recover Losses from Friday The ASX is tipped to correct itself and open higher after faltering at the close in anticipation of a Wall Street dip that never eventuated. Threats of US imposed tariffs on China spooked the Australian market to close 32 points lower on Friday. However, Wall […]

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data For the Aussie Dollar, economic data is on the heavier side, with key stats including July retail sales and 2nd quarter company profit figures on Monday, 2nd quarter GDP numbers on Wednesday, July trade figures on Thursday and home loan figures on Friday. While GDP, trade and retail sales […]

Australia: S&P/ASX 200 (.AXJO) Rally Stalls

Australia: S&P/ASX 200 (.AXJO) Rally Stalls

Australia: S&P/ASX 200 (.AXJO) Rally Stalls Asia markets were broadly down on on Thursday afternoon after trading in positive broadly positive territory earlier in the day, as Australia’s third and fourth largest telecom operators announced plans for a merger. Down Under, the ASX 200 ended the trading day in flat territory and closed at 6,351.80. However, the […]

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance AUD/USD has started to weaken once again following a rally into the 200-day simple moving average (SMA) resistance on the four-hour chart. The wider context shows a market that is clearly trending lower, and as such it makes sense to look out for another period of […]

Australia: S&P/ASX 200 (.AXJO) gains to fresh 10-year high

Australia: S&P/ASX 200 (.AXJO) gains to fresh 10-year high

Australia: S&P/ASX 200 (.AXJO) gains to fresh 10-year high The Australian sharemarket rose for a fourth straight session while the local currency fell after Westpac lifted its variable home loan rates. The S&P/ASX 200 index closed 47.5 points, or 0.8 per cent, higher at 6352.2, advancing to a fresh 10-year high. The Australian dollar dropped […]

Australia: S&P/ASX 200 (.AXJO) are poised to open modestly lower

Australia: S&P/ASX 200 (.AXJO) are poised to open modestly lower

Australia: S&P/ASX 200 (.AXJO) are poised to open modestly lower Australian shares are poised to open modestly lower, even as base metals rallied, perhaps reflecting a slowing rally on Wall Street. ASX futures were down 7 points at 4.20am AEST. The Australian dollar edged 0.2 per cent lower. The overnight weakness seems to reflect an […]

Australia: S&P/ASX 200 (.AXJO) closes slightly higher as commodity prices rise

Australia: S&P/ASX 200 (.AXJO) closes slightly higher as commodity prices rise

Australia: S&P/ASX 200 (.AXJO) closes slightly higher as commodity prices rise The Australian sharemarket recorded its best performance in eight sessions as investors looked beyond the political uncertainty that plagued the market last week. The S&P/ASX 200 index closed 21.6 points, or 0.4 per cent higher at 6268.9 on Monday, rallying on the performances of […]

Australia’s Best Instagram

Australia’s Best Instagram

Australia’s Best Instagram Just casually leaping into internet fame 🐋😎 Eco-host Daniel Aceto, a crew member with @oceanrafting, described this moment as "the closest #whale breach I've ever seen in my life", and trust us; he's seen quite a few! After witnessing this gentle giant breaching in a rather dramatic fashion just 5 metres from […]

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week Friday’s trade saw a significant rally higher in the AUD/USD exchange rates pair. The Australian dollar had continued a massive move lower the previous day (23-08-2018) that began at the 0.7370 value area on the 22nd down to the 0.7239; depending on the data feed this […]

Silver Lake Resources Limited (SLR:AX) Heffx Upgrades to a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Upgrades to a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Upgrades to a Buy Rating Junior gold miner Silver Lake Resources has reported a 697% increase in net profits after tax for the financial year ending June, on the back of higher production and revenues. Net profit after tax for the 2018 financial year reached A$16.2-million, up from the […]

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase We highlighted yesterday (20 Aug, spot at 0.7310) that the odds for further AUD weakness have diminished and the subsequent break of the 0.7330 ‘stop-loss’ was not exactly unexpected. The outlook for AUD has shifted to neutral now and we view the current price action […]

Peter Dutton Mounting a 2nd Challenge to Australia’s Prime Minister

Peter Dutton Mounting a 2nd Challenge to Australia’s Prime Minister

Peter Dutton Mounting a 2nd Challenge to Australia’s Prime Minister Wednesday, Peter Dutton said he is planning a 2nd challenge against Australia’s prime minister after just losing a leadership ballot. Prime Minister Malcolm Turnbull called on his government to unite behind him after lawmakers in the ruling conservative Liberal Party chose to keep him as […]

Australia: S&P/ASX 200 (.AXJO) sharemarket recorded its worst session in five months

Australia: S&P/ASX 200 (.AXJO) sharemarket recorded its worst session in five months

Australia: S&P/ASX 200 (.AXJO) sharemarket recorded its worst session in five months The Australian sharemarket recorded its worst session in five months with index heavyweights across the board closing the day lower. The S&P/ASX 200 index fell 60.6 points, or 1 per cent to 6284.4 on Tuesday, falling below the 6300 mark for the first […]

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability The Australian Dollar edged higher from August’s two-year lows Tuesday as investors rotated back into “risk assets” after President Trump criticised the Federal Reserve for its tightening of US monetary policy, which has been a source of pressure on other currencies this year. Australian Dollar to US […]

Australia: S&P/ASX 200 (.AXJO) continues to push the market higher

Australia: S&P/ASX 200 (.AXJO) continues to push the market higher

Australia: S&P/ASX 200 (.AXJO) continues to push the market higher Onwards and upwards we go. The positive momentum continues to push the market higher. The Royal Commission didn’t expose anything new and the Financial sector is recovering with further consolidation above the 60 day and 200 day moving averages which is very positive for this […]

Australian Dollar: USD/AUD (AUD=X) resistance at 7336

Australian Dollar: USD/AUD (AUD=X) resistance at 7336

Australian Dollar: USD/AUD (AUD=X) resistance at 7336 Price is extending sideways grind along 1H 200-SMA resistance. Break above could see upside till 21-EMA. Price is currently holding above 5-DMA and break below will see test of Wedge base at 0.72. Violation at Wedge base to see resumption of weakness. Next major bear target lies at […]

Australian Dollar: USD/AUD (AUD=X) flat for the week

Australian Dollar: USD/AUD (AUD=X) flat for the week

Australian Dollar: USD/AUD (AUD=X) flat for the week We had expected the level at 0.7207 might act as support, as it had acted previously as both support and resistance. Note how these “flipping” levels can work well. The H1 chart below shows the how the price returned to hit and reject the level during the […]

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session We turned bearish AUD on Monday (13 Aug, spot at 0.7285) with an immediate ‘target’ of 0.7220 and were of the view that the “odds for further extension to 0.7160 are relatively high”. There is no change to our view as AUD […]

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high Australian shares have hit a fresh ten-year high, with a surge in CSL stocks and gains for Wesfarmers helping the market overcome falls in energy and materials stocks. The benchmark S&P/ASX200 closed up 29.4 points, or 0.47 per cent, at 6,329.0 points , while […]

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence The Australian Dollar to US Dollar (AUD/USD) exchange rate has risen today following a surprise increase in Australian business confidence. The unexpected rise for NAB’s July business confidence reading has pushed the AUD/USD exchange rate to an interbank level […]

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300 Locally the ASX is due for a soft start, with futures pointing to a seven-point drop at the open. Traders appear a little more comfortable with the Turkey situation, apparently reassured by the idea that developed economies and financial markets are shielded from the direr consequences of […]

Australia to Increase Spying on Citizens

Australia to Increase Spying on Citizens

Tech companies could face fines of up to Aus$10 million (US$7.3 million) if they fail to hand over customer information or data to Australian police under tough cyber laws unveiled Tuesday. The government is updating its communication laws to compel local and international providers to co-operate with law enforcement agencies, saying criminals were using technology, […]

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets The Australian dollar fell to an 18-month low against the US dollar on Monday, as worries about an impending financial crisis in Turkey prompted selling in the currency with strategists warning of more downside ahead. The Australian dollar fell 1 per cent at […]

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars Australian Dollar has been trading in an extremely persistent range, now taking on the shape of a triangle. Given the trend and trend-line resistance a downside break is the likely path. A drop below 0.73 will have a pair of swing lows in […]

Australia: S&P/ASX 200 (.AXJO) poised to edge higher

Australia: S&P/ASX 200 (.AXJO) poised to edge higher

Australia: S&P/ASX 200 (.AXJO) poised to edge higher The Australian sharemarket lifted for a second session on the back of strong performances from the major banks and other financial stocks. The S&P/ASX 200 index rose 29.2 points, or 0.5 per cent, to 6297.7, falling from a 10-year high earlier in the session. ASX futures had […]

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400 AUD/USD has moved up to the 21-hr SMA at 0.7418 and pierced it making a high if 0.7434 for the day so far while the Yuan has stabilised making for a positive climate for the proxy trade through the Aussie. AUD/USD has otherwise been capped below the 0.7440 […]

Australia: Tabcorp Holdings Limited (TAH:AX) Upgraded to Strong Buy

Australia: Tabcorp Holdings Limited (TAH:AX) Upgraded to Strong Buy

Australia: Tabcorp Holdings Limited (TAH:AX) Upgraded to Strong Buy Tabcorp has swung to a net profit of $28.7 million in 2017/18 following its merger with Tatts Group, with digital sales and the FIFA World Cup helping to lift the gaming giant’s reach and revenue. Tabcorp on Wednesday said full-year revenue for the 2017/18 financial jumped […]

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise The Australian Dollar (AUD) has firmed against the US Dollar (USD) today, rising to a level of $0.74 on the interbank exchange rate. This is the best level of AUD/USD trading in a week and comes from growing risk […]

Australia: S&P/ASX 200 (.AXJO) opened higher this morning

Australia: S&P/ASX 200 (.AXJO) opened higher this morning

Australia: S&P/ASX 200 (.AXJO) opened higher this morning he Australian share market opened higher this morning following positive leads from Wall Street. It is now tracking at 0.75 per cent higher at noon. The materials sector is leading the way and the consumer discretionary sector is trailing behind. Iron ore price rose 0.9 per cent […]

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher The Australian Dollar edged higher on Monday as traders took up positions ahead of the latest Reserve Bank of Australia (RBA) interest rate decision but analyst commentary suggests the announcement is unlikely to provide the Antipodean unit with impetus for further gains. AUD recovered most […]

Australia: S&P/ASX 200 (.AXJO) Potentially Good Start for the Week Ahead

Australia: S&P/ASX 200 (.AXJO) Potentially Good Start for the Week Ahead

Australia: S&P/ASX 200 (.AXJO) Potentially Good Start for the Week Ahead The ASX is looking for a bright start later this morning despite ending a downbeat series of trading session last week that saw the ASX 200 close 1% lower. The ASX 200 futures market was up 26 points at the close overnight Friday after […]

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 Many markets, many stories: We are getting to the dense end of the week now, and the picture markets is certainly beginning to show it. Things were looking quite rosy yesterday morning as Australian traders dusted off their keyboards to get to work: Apple reported and eased the tech-wreck […]

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels AUD traded within a tight 27 pips range yesterday, the narrowest 1-day range so far this year. The quiet consolidation offers no fresh clue and we continue to hold a neutral stance. We previously held the view that the downside is more ‘sticky’ but […]

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

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

Australia: S&P/ASX 200 (.AXJO) Set to Open Slightly Lower The Australian sharemarket finished a narrow session slightly lower as US-China trade-war expectations flipped around overnight and domestic manufacturing data surprised on the downside. The S&P-ASX 200 index swung in and out of the red before closing down 4.5 points, or 0.07 per cent, at 6275.7 […]

Australia: S&P/ASX 200 (.AXJO) Corporate earnings will keep traders active

Australia: S&P/ASX 200 (.AXJO) Corporate earnings will keep traders active

Australia: S&P/ASX 200 (.AXJO) Corporate earnings will keep traders active Australian shares wavered in early trade on Tuesday but edged higher as investors in BHP helped the market cling to positive territory, holding near its 2018 highs despite another negative lead from Wall Street. The ASX200 index rose 5.3 points, less than 0.1 percent, to […]

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming – AUD rises as building approvals surge eases housing concerns. – Building approvals rise by 6.4% in June, sidelining fears of collapse. – But housing market activity may still slow further during months ahead. After a slow start to the week, the economic events […]

Australia has to Stop Foreign Aid

Australia has to Stop Foreign Aid

Australia has to Stop Foreign Aid Australia is happy to fill the pockets of foreign nations but is reluctant to bail out it’s own people in a time of emergency. Aussie farmers are suffering a severe drought, Aussie workers have seen real wages shrink to what might be the lowest point in Australian history. How […]

Silver Lake Resources Limited (SLR:AX) Heffx Issues a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Issues a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Issues a Buy Rating Silver Lake Resources Ltd (SLR.AX) shares are moving today on volatility 0.92% or 0.005 from the open. The ASX listed company saw a recent bid of 0.55 and 615917 shares have traded hands in the session. Silver Lake Resources Ltd (SLR.AX) currently has a 14-day Commodity Channel Index (CCI) of -69.61. Active investors may […]

Australia: S&P/ASX 200 (.AXJO) Watch for Earnings

Australia: S&P/ASX 200 (.AXJO) Watch for Earnings

Australia: S&P/ASX 200 (.AXJO) Watch for Earnings Australian shares have finished lower, with investor caution and a weak Wall Street lead robbing the local market of momentum on Monday. The benchmark S&P/ASX200 index was down 21.8 points, or 0.35 per cent, at 6,278.4 points at 1615 AEST on Monday, while the All Ordinaries was down […]

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week The Australian dollar dropped in the range as Australian inflation missed expectations. What’s next? Australia’s trade balance and retail sales stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australia’s quarterly inflation report showed an increase of […]

Australia: S&P/ASX 200 (.AXJO) Improved market sentiment

Australia: S&P/ASX 200 (.AXJO) Improved market sentiment

Australia: S&P/ASX 200 (.AXJO) Improved market sentiment The Australian sharemarket has closed the week higher, hitting a fresh 10-year high on the back of improved market sentiment and commodity prices. Since Australia Day, the ASX200 has gained 4 per cent while the likes of the S&P500 in the US and the global MSCI index have […]

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating The Australian dollar popped higher in late trade on Wednesday, reversing earlier losses to close at a two-week high. A reduction in trade tensions between the United States and European Union was behind the Aussie’s late surge. Overall, the bias in prices is: Downwards. The projected upper bound […]

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment The Australian dollar fell against the US dollar after the country’s statistics office released the Consumer Price Index (CPI) data for the second quarter. The data showed that the CPI rose by 0.4% in the quarter. This was lower than the expected 0.5%. It […]

Australia: S&P/ASX 200 (.AXJO) big four banks all closed lower

Australia: S&P/ASX 200 (.AXJO) big four banks all closed lower

Australia: S&P/ASX 200 (.AXJO) big four banks all closed lower The Australian share market has closed lower, hurt by banks, health care and consumer-exposed stocks, including Woolworths and Wesfarmers. The benchmark S&P/ASX200 index was down 18.2 points, or 0.29 per cent, at 6,247.6 on Wednesday, while the broader All Ordinaries fell 13.5 points, or 0.21 […]

Australian Dollar: USD/AUD (AUD=X) Consolidating

Australian Dollar: USD/AUD (AUD=X) Consolidating

Australian Dollar: USD/AUD (AUD=X) Consolidating The Australian dollar was subdued on Tuesday as the country’s central bank expressed concern about the impact of high household debt on the economy. The Australian dollar was at 73.86 US cents at 0832 AEST, down from 74.31 US cents on Tuesday. Overall, the bias in prices is: Downwards. The […]

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

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

Australia: S&P/ASX 200 (.AXJO) pointing higher Australian shares opened the week lower as investors sought more defensive positions after US President Donald Trump threatened to escalate the tariff war with China. The S&P/ASX 200 index fell 58.3 points, or 0.9 per cent, to 6227.6 amid increased uncertainty surrounding global growth. It was the biggest decline […]

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions Australian shares opened the week lower as investors sought more defensive positions after US President Donald Trump threatened to escalate the tariff war with China. The S&P/ASX 200 index fell 58.3 points, or 0.9 per cent, to 6227.6 amid increased uncertainty surrounding global growth. […]

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range The Australian dollar is currently selling off against all major currencies. The Aussie is currently the weakest against the Japanese yen. Last week, the Australian dollar ended flat against the US dollar. As Chinese growth decelerates and US-China trade tensions rise, the Australian dollar remains in […]

Australian Dollar: USD/AUD (AUD=X) expected to open lower

Australian Dollar: USD/AUD (AUD=X) expected to open lower

Australian Dollar: USD/AUD (AUD=X) expected to open lower The week ahead is all about prices Another big week ahead, U.S earnings, 2nd quarter GDP numbers, Trade wars and ECB monetary policy all in focus. For the Aussie Dollar, following last week’s impressive employment numbers, focus shifts to 2nd quarter inflation figures, with consumer inflation figures due […]

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight Bids in the dollar sees the pair surrender its gains from the employment report. It was a short-lived run for buyers as the upbeat Aussie employment report saw price jump to a high of 0.7441 but ultimately failed to move any higher with the 23.6 […]

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