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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Spiked, USD Steady, Crude Oil Up, Stocks Up Note: Friday is options expiry in the US, volatile: maybe, maybe not. The Buck steadied Friday, but was still on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price […]

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance The Australian dollar rallied a bit during the trading session on Thursday but still faces significant resistance just above. With that being the case it looks as if we are about to take on a serious level in the market that could change things going forward. The Australian […]

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates Australian shares closed lower on Thursday after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates in the short term. The S&P/ASX 200 Index fell 24.2 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 Off, USD Firm, Crude Oil Up, Stocks Off Notes: The International Monetary Fund (IMF) Wednesday said the dollar was overvalued by 6% to 12%, based on near-term economic fundamentals. With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched […]

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses The AUD/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses, above the key 0.7000 psychological mark through the early European session on Wednesday. The pair extended the previous session’s pullback from the 0.7045-50 supply zone, or […]

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates Australian shares ended a quiet day of trading higher on Wednesday as investors await an indication as to when the Reserve Bank of Australia will next cut rates. The S&P/ASX 200 Index firmed 32.3 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 Firm, Crude Oil Up, Stocks Mixed Notes: With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched out arguments Tuesday on how deep the cut should be, even as a 3rd said she needs more data before […]

Oil Search Limited (OSH:AX) announces new structure to support future growth

Oil Search Limited (OSH:AX) announces new structure to support future growth

Oil Search Limited (OSH:AX) announces new structure to support future growth Oil Search announces a new organisational structure to support its next phase of growth, including the appointment of two senior executives and the creation of a Technology and Value Assurance Group to drive production growth and deliver on major developments in Papua New Guinea […]

Commonwealth Bank of Australia (CBA:AX) supports Gold Coast Airport to reduce its emissions with Sustainability-Linked debt financing

Commonwealth Bank of Australia (CBA:AX) supports Gold Coast Airport to reduce its emissions with Sustainability-Linked debt financing

Commonwealth Bank of Australia (CBA:AX) supports Gold Coast Airport to reduce its emissions with Sustainability-Linked debt financing The operator of Gold Coast Airport will be incentivised to reduce carbon emissions under an innovative new financing agreement with Commonwealth Bank. Commonwealth Bank has agreed to provide $150 million of debt funding to Queensland Airports Limited (QAL) for […]

BHP to introduce low emissions LNG freight

BHP to introduce low emissions LNG freight

BHP has released the world’s first bulk carrier tender for LNG-fuelled transport for up to 27 million tonnes of its iron ore.  Introducing LNG-fuelled ships into BHP’s maritime supply chain will eliminate NOx (nitrogen oxide) and SOx (sulphur oxide) emissions and significantly reduce CO2 emissions along the busiest bulk transport route globally. Rashpal Bhatti, Vice […]

Australia: S&P/ASX 200 (.AXJO) down slightly lower

Australia: S&P/ASX 200 (.AXJO) down slightly lower

Australia: S&P/ASX 200 (.AXJO) down slightly lower The sharemarket closed slightly lower on Tuesday after minutes from the Reserve Bank’s July meeting dampened the equity market’s expectations of further interest rate cuts. Investors also continued to weigh the implications of weak growth but positive retail sales from Chinese economic data released on Monday. The S&P/ASX […]

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 Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]

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 Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue Another month of sharp decline in Australian investment lending was not enough to prevent the Australian Dollar to US Dollar (AUD/USD) exchange rate recovering ground this morning. Even though lending saw a -1.7% contraction in May, defying forecasts of modest 0.5% growth, the Australian Dollar […]

Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus

Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus

Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus Australian shares closed Thursday’s trade firmly higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus. The S&P/ASX 200 Index rose 26.3 points, or 0.4 […]

 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 Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery The AUD/USD pair quickly reversed an early European session dip to fresh 2-1/2 week lows and is currently placed at the top end of its daily trading range, around the 0.6925-30 region. The pair stalled its recent downward […]

Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009

Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009

Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009 It’s among the top stock markets in the world this year and inching closer to an all-time high. Australia’s benchmark S&P/ASX 200 Index has surged over 18% this year, adding about $210 billion in value despite a sluggish economy […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Up, Stocks Mixed Notes: OPEC and allied producers led by Russia agreed last week to extend their supply-cutting deal until March 2020. Brent has risen nearly 20% in Y 2019, supported by the pact and tensions in the Middle East, especially the […]

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade Australia stocks were lower after the close on Tuesday, as losses in the IT, Energy and Utilities sectors led shares lower. At the close in Sydney, the S&P/ASX 200 declined 0.10%. The best performers of the session on the S&P/ASX 200 were Breville Group Ltd […]

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week The Australian Dollar was on the defensive at the beginning of the new week but is tipped by analysts at Commonwealth Bank of Australia (CBA) to prevail in its ongoing scrap for a key level over the coming days.  Australia’s Dollar ceded ground to a […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Off, Stocks Lower Notes: BoE Governor Mark Carney has said a global trade war and a no-deal BREXIT were growing risks to Britain’s economy, which might need more help to cope with a downturn. That prompted investors to increase their bets on […]

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates Australian shares fell heavily on Monday after a solid US non-farm payrolls print dampened market expectations the Federal Reserve would cut rates more than twice this year. The S&P/ASX 200 Index posted its biggest one-day fall since June 3, closing 79.1 points, […]

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

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

Australia: S&P/ASX 200 (.AXJO) poised to open lower Australian shares are poised to open lower, with the iron ore majors likely to pace losses. Iron ore dropped sharply on Friday after Chinese steel mills requested a probe into this year’s price surge. The spot price of the steel-making material fell 5.9 per cent, according to Fastmarkets […]

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again The RBA lowered interest rates for a second straight month, the first back-to-back cuts since 2012. The benchmark rate currently stands at an even 1.0%, a historical low. In follow-up comments, RBA Governor Lowe said that the economic outlook “remains reasonable”, but investors will no doubt […]

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

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

FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: The market’s focus is Friday’s US NFPs for June, which economists expect to have risen by 160,000 in June, compared with 75,000 in May. USD firm on Friday but traders held off on making big bets ahead of the closely-watched US NFPs report that could influence […]

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high Australian shares closed at a fresh 11-1/2-year high on Thursday as the major banks rebounded from a poor start to the week’s trading. The S&P/ASX 200 Index closed 32.5 points, or 0.5 per cent, higher at 6718 and the […]

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

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

All US financial markets are closed Thursday for Independence Day FLASH: Gold Down, USD Flat, Crude Oil Down, Stocks Up Notes: Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade dispute between the world’s 2 largest economies, Trump Administration officials said Wednesday […]

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range The AUD/USD pair finally broke out of its Asian session consolidative trading range and spiked to fresh session tops, around the 0.7015 region in the last hour. The pair built on the previous session’s post-RBA bounce from 50-day SMA support and continued […]

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

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

Australia: S&P/ASX 200 (.AXJO) to open lower The Australian share market is expected to open lower this morning despite U.S. and European markets pushing higher. According to the latest SPI futures, the ASX 200 is poised to open the day 0.1% or 8 points lower. On Wall Street the Dow Jones rose 0.25%, the S&P […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY Wednesday, the US financial markets are shortened, and all US financial markets are closed Thursday for Independence Day FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: Bank of England Governor Mark Carney on Tuesday flagged uncertainties stemming from trade disputes and Britain’s departure from the EU […]

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level After the RBA chose not to cut rates overnight, the Australian dollar strengthened significantly. However, we are starting to struggle at the 0.70 level again, so it’s very likely that we’ve got some choppiness ahead of us. The 0.7060 level above continues to […]

Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut

Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut

Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut The Australian sharemarket fell flat after the Reserve Bank delivered a consecutive cash rate cut, with the big four banks and mining giants pulling in opposite directions. The S&P/ASX200 index lost earlier gains to close just 5.1 points, or 0.08 per cent, higher at 6653.2 […]

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity The Australian dollar initially gapped higher but then turned right back around to form a very negative candle. This is an ugly little, as the 0.70 level seems to have resisted the market. Beyond that, we have had the meeting between the Americans and the Chinese, and perhaps the […]

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks The Australian share market has closed higher but failed to make strong gains after the US and China agreed to resume trade talks over the weekend. The benchmark S&P/ASX200 index was up 29.3 points, or 0.44 […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: The US and China agreed on Saturday to resume trade negotiations after President Trump offered concessions to his Chinese counterpart Xi when the 2 leaders met on the sidelines of the G-20 Summit in Japan. OPEC and […]

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus Australian shares are poised to open higher to start the new fiscal year, bolstered by the weekend US-China trade truce and with investors positioning for a rate cut as soon as tomorrow. ASX futures were up 18 points or 0.3 per cent to 6577 over the weekend. […]

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday Although the RBA is expected to cut rates this week on Tuesday, comments last week from RBA Governor Philip Lowe indicated a somewhat dovish tone moving forward. Lowe essentially said that to expect a further interest rate cut was “no unrealistic”. […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Ease Notes: President Trump made clear Friday that trade is his Top priority at this G-20 Summit, as China’s Xi warned against rising protectionism and India, Japan and Russia defended multi-lateral trade rules. Investors and Traders await the meeting between […]

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

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

Australia: S&P/ASX 200 (.AXJO) set to edge lower Australian shares are poised to edge lower at the open, amid directionless trading on Wall Street. ASX futures were down 15 points or 0.2% to 6554 near 7.25am AEST. The Australian dollar rose 0.3% to US69.85¢. The NZ dollar gained 0.6 per cent to US66.79¢. The 26-point […]

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls The Australian Dollar is undervalued by a double-digit percentage although correcting the mismatch between market prices and the intrinsic value of the Antipodean unit could be a long and drawn out process, according to new analysis from Commonwealth Bank of Australia. Australia’s currency is down almost 1% […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: Investors and Traders await the meeting between Presidents Trump and Xi later this week for signs of a de-escalation in the trade dispute. The 2 world leaders will meet at the G-20 Summit in Japan. Just in from […]

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation Despite slightly dampened Federal Reserve interest rate cut bets, the Australian Dollar to US Dollar (AUD/USD) exchange rate has continued to advance this week so far. The Australian Dollar (AUD) continues to rebound from its recent lows due to numerous factors. Since hitting […]

Australia: S&P/ASX 200 (.AXJO) local investors largely shrugged off a Fed-driven sell-off

Australia: S&P/ASX 200 (.AXJO) local investors largely shrugged off a Fed-driven sell-off

Australia: S&P/ASX 200 (.AXJO) local investors largely shrugged off a Fed-driven sell-off Australian shares closed slightly lower on Wednesday, as local investors largely shrugged off a Fed-driven sell-off on Wall Street on Tuesday. The S&P/ASX 200 Index slid 17.5 points, or 0.3 per cent, to 6640.5 while the broader All Ordinaries lost 18.4 points, or […]

Asian Markets Mixed

Asian Markets Mixed

Asian markets are mixed this morning as the Hang Seng gains 46 points whilst the Nikkei225 is lower by 107 points. US Consumer debt is now above those levels seen in 2008 and the Global Financial Collapse and warnings have surfaced that a housing market slump could drive global growth to a 10 year low […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why the Melt Up? The Big A: If gold remains above previous […]

Australian Dollar: USD/AUD (AUD=X) can continue to go higher with people knowing that the RBA is very likely to cut rates

Australian Dollar: USD/AUD (AUD=X) can continue to go higher with people knowing that the RBA is very likely to cut rates

Australian Dollar: USD/AUD (AUD=X) can continue to go higher with people knowing that the RBA is very likely to cut rates The Australian dollar has rallied during trading on Monday, reaching the 50 day EMA before pulling back slightly at the end of the session. At this point, the question is whether or not the […]

Australia: S&P/ASX 200 (.AXJO) investors remain cautious ahead of key trade talks later this week

Australia: S&P/ASX 200 (.AXJO) investors remain cautious ahead of key trade talks later this week

Australia: S&P/ASX 200 (.AXJO) investors remain cautious ahead of key trade talks later this week The Australian sharemarket closed slightly lower on Tuesday, as investors remained cautious ahead of key trade talks later this week, shifting capital into more defensive assets. The S&P/ASX 200 Index slid 7.4 points, or 0.1 per cent, to 6658 while […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Off, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why? The Big A: If gold remains above previous highs […]

Australian Dollar: USD/AUD (AUD=X) pops on RBA comments

Australian Dollar: USD/AUD (AUD=X) pops on RBA comments

Australian Dollar: USD/AUD (AUD=X) pops on RBA comments The Australian Dollar experienced a little lift to kick-off the trading week. A short-term phenomenon, for sure, the local unit climbed following comments made by RBA Governor Philip Lowe at a panel discussion yesterday morning, that “… it’s legitimate to ask how effective more [monetary policy] easing […]

Australia: S&P/ASX 200 (.AXJO) Investors are cautiously optimistic China and the US could reach a trade truce

Australia: S&P/ASX 200 (.AXJO) Investors are cautiously optimistic China and the US could reach a trade truce

Australia: S&P/ASX 200 (.AXJO) Investors are cautiously optimistic China and the US could reach a trade truce Australian shares opened the week’s trading higher on Monday, as the market rallied from an opening loss on a subdued day of trading ahead of a key meeting between US President Donald Trump and China’s Xi Jinping later […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Firm, Stocks Up Notes: Investors are awaiting an expected meeting between Presidents Trump and Xi later this week for any signs of a de-escalation in a trade dispute. The 2 world leaders will meet on the sidelines of the G-20 […]

Australian Dollar: USD/AUD (AUD=X) highlights this week

Australian Dollar: USD/AUD (AUD=X) highlights this week

Australian Dollar: USD/AUD (AUD=X) highlights this week The RBA minutes were dovish, which was not a surprise, coming after the RBA cut rates from 1.50% to 1.25%. Policymakers said that it was “more likely than not” that further policy easing would be appropriate. On the housing front, the House Price Index plunged 3.0% in Q1, […]

Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook

Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook

Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook Finally, the ASX 200 is amid a rally of its own. After a recent rate cut, commentary from RBA Governor Lowe suggests the bank is open to more. This could provide a healthy tailwind for the Index in the near-term while simultaneously contributing to the continued deterioration of the Australian Dollar. […]

These are ‘The Best’ Airlines

These are ‘The Best’ Airlines

Skytrax has released its annual World Airline Awards, with Qatar Airways reclaiming the #1 spot from Singapore Airlines. This marks the 5th time Qatar has been honored, previously it won in Ys 2011, 2012, 2015 and 2017. “It is a proud moment for the airline as our constant innovation and service standards set the benchmark in […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

Pental Limited (PTL:AX) biggest intraday pct gain since May 14

Pental Limited (PTL:AX) biggest intraday pct gain since May 14

Pental Limited (PTL:AX) biggest intraday pct gain since May 14 Shares of Pental Ltd PTL.AX rise as much as 5.3% to A$0.30, in their biggest intraday pct gain since May 14 Distributor of personal care and home products says it expects FY19 net sales revenue of A$101 mln ($69.91 mln) vs A$75.7 mln prvs year, underlying NPAT of A$3.4 […]

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States Lynas Corp LYC.AX on Friday said it was stockpiling production of its major rare earth element, Neodymium Praseodymium, despite a sharp increase in prices lately as rare earths find themselves in the middle of the U.S.-China trade war. […]

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month Australian businesses have seen a pick-up in activity this month with the service sector enjoying the fastest pace of growth in seven months, a survey showed on Friday. The CBA-Markit purchasing management index (PMI) for services and manufacturing climbed to 53.1 in […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to edge lower The Australian share market looks set to finish the week on a subdued note despite a strong night of trade over in the United States. According to the latest SPI futures, the ASX 200 index is poised to open 0.1% or 5 points lower on Friday. On […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows AUDUSD folded down to a fresh five-month-low last week as USD-strength had come rushing back. After the resistance inflection at the .7000 big figure earlier this month, sellers have been back in control of the pair; and this can keep the door open for further short-side, particularly […]

Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point

Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point

Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point The ASX 200 came through this year’s very patchy risk appetite in style and is now back within close distance of its own record peaks. The latest boost has come from suspicions that the European Central Bank could soon bolster the global atmosphere of looser monetary policy, and from hopes […]

“Risk Assets Have Room to Run”

“Risk Assets Have Room to Run”

$SPY, $BLK In a report, the majority of BlackRock Inc.’s (NYSE:BLK) Top decision-makers had a simple conclusion after gathering in London last week: A supportive backdrop for risk assets probably has “room to run” for at least 12 more months. Senior leadership at the world’s largest asset manager cited easy monetary policies and few signs […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump said Tuesday he will have an extended meeting with Chinese President Xi at the G-20. The world’s 2 largest economies are in the middle of a costly trade dispute that has pressured financial markets […]

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market The slump rally that had begun on June 9 got slightly diverted in today’s trading session. The pivotal point for the reversal was 0.6835 levels. The pair had started the day near 0.6855 levels and continued the downtrend. The early slip in the AUD/USD pair […]

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares The local market finished Tuesday’s session at a 12-year closing high, buoyed by comments out of the Reserve Bank which seemed to confirm further cuts to the official cash rate were ahead. At the close of trade, the ASX […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Off Notes: The New York Fed said Monday that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2.5 years, suggesting an abrupt contraction in […]

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines AUD/USD has continued its declines, with the pair hitting the lowest level in five months. The outlook for the day will depend on the reaction to this $0.6865 support level. The hourly chart shows the move back towards trendline resistance, raising the likeliness of […]

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

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

Australia: S&P/ASX 200 (.AXJO) poised to open higher The Australian share market looks set to start the week on a high. According to the latest SPI futures, the ASX 200 index is poised to open 0.1% or 8 points higher this morning. This is despite a disappointing end to the week on Wall Street which […]

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut On the back of the recent RBA interest rate cut, there are mounting calls in Australia, to continue to cut with some expecting the cash rate to drop to 0.5%. At least that is the expectation of a few of the major banks both […]

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

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

Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open Australian shares are poised to edge higher at the open of a week where central bankers are set to dominate. ASX futures are up 8 points or 0.1 per cent to 6565. Local investors will be waiting for the latest RBA meeting minutes to […]

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

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

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: China will release May industrial production along with retail sales and investment numbers at 0700 GMT, analysts expect any improvement from April’s downbeat readings will be mostly marginal. Economists polled by Reuters expect industrial production in China […]

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited A strong rally to start 2019 has Australia’s stocks looking expensive, and that could be a bad sign for future gains. The nation’s benchmark S&P/ASX 200 Index has advanced 16 per cent this year, causing valuations to swell. The gauge trades at an estimated price-earnings ratio of 17.1, […]

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

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

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Off Notes: Crude Oil surges after report of tanker incident in Gulf of Oman near Iran In Asia Gold: Gold prices advanced Thursday as demand for the safe-haven metal rose on expectations of an interest rate cut by the Fed […]

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate AUD/USD is slightly lower in the Wednesday session. In North American trade, AUD/USD is trading at 0.6950, down 0.17% on the day. On the release front, Australian Westpac Consumer Sentiment declined 0.6% in June, after a gain of 0.6% in the May release. In […]

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

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

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Falls, Stocks Off Notes: US Crude Oil inventories rose by 4.9-M bbl in the week ended 7 June to 482.8-M bbl, according to data from the American Petroleum Institute (API) Tuesday. That compared with analyst expectations for a decrease of 481,000 […]

Australian Dollar: USD/AUD (AUD=X) holds key resistance

Australian Dollar: USD/AUD (AUD=X) holds key resistance

Australian Dollar: USD/AUD (AUD=X) holds key resistance On the long-side of the US Dollar, AUDUSD may retain some interest. I had looked at the pair in this week’s FX Setups as one of the more attractive backdrops for a return of USD strength, and the resistance zone investigated has thus far held the highs fairly well. Current […]

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

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

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Up Notes: President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. In Asia Gold: Gold held steady Tuesday after posting its biggest 1-day percentage […]

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad The ASX is expected to move back within striking distance of a post-GFC high in coming days as investors respond to climbing prospects of easier monetary policy at home and abroad. Thursday’s jobs data for May stands out […]

Australian Dollar: USD/AUD (AUD=X) starts week with losses

Australian Dollar: USD/AUD (AUD=X) starts week with losses

Australian Dollar: USD/AUD (AUD=X) starts week with losses Aud/Usd has posted considerable losses in the Monday session. In North American trade, AUD/USD is trading at 0.6963, up 0.54% on the day. On the release front, there are no major U.S. events. The sole event is JOLTS Job Openings, which is expected to tick up to […]

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads Two opposing central banks began to collide this week as both the RBA and FOMC appear to be at the crossroads. The RBA made the first big step in many years and cut the cash rate by 25bp to 1.25%. Shortly thereafter, […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Eased, USD Flat, Crude Oil Steady, Stocks Flat Notes: Crude Oil in still Bear Market territory. Bank of America Merrill Lynch said this week “global oil demand growth is running at the weakest rate since 2012” at below 1-M BPD, and that this was “leading the selloff” […]

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher Australian shares advanced on Thursday, with modest gains across the board pushing the market higher for a third straight session. The S&P/ASX 200 Index added 24.5 points, or 0.4 per cent, to end the session at 6383, while the broader All Ordinaries […]

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans AUD/USD has posted slight gains in the Thursday session, erasing most of the losses seen on Wednesday. In North American trade, AUD/USD is trading at 0.6985, up 0.23% on the day. In Australia, the trade surplus narrowed to A$4.87 billion in April, down from […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Flat Notes: Crude Oil in Bear Market territory. Bank of America Merrill Lynch said this week “global oil demand growth is running at the weakest rate since 2012” at below 1-M BPD, and that this was “leading the selloff” in […]

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement The Australian share market rallied early in the day following strong gains on Wall Street, but then faded throughout the day. The benchmark S&P/ASX200 index still managed to close higher, up 26.1 points, or 0.41 per cent, to 6,358.5 points at 1615 AEST on Wednesday, while […]

Australian Dollar: USD/AUD (AUD=X) psychologically significant price

Australian Dollar: USD/AUD (AUD=X) psychologically significant price

Australian Dollar: USD/AUD (AUD=X) psychologically significant price The Australian dollar went back and forth during the trading session on Wednesday, as the 0.70 level is crucial on longer-term charts. Ultimately, it’s likely that we will see a bit of pullback pressure in this area, because we have had a move towards the 50 day EMA, which […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Bounced Notes: USD struggled near 7 week lows Wednesday after Fed officials hinted at the possibility of an interest rate cut in the face of rising risks to trade and global growth. JPMorgan expects the Fed to cut rates 2X […]

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week Is the party over at last for the ASX 200? The Australian stock benchmark defied trade-gloom and diminished global risk appetite quite well up until the end of last week. Rising iron ore prices and a weaker Australian Dollar burnished the appeal of what should […]

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127)

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127)

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127) Keep in mind, the AUD/USD rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127), with the exchange rate marking another failed attempt to break/close above the moving average in April. In turn, […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Fell Notes: JPMorgan expects the Fed to cut rates 2X this year, a major change from its previous forecast that rates will stay on hold until the end of Y 2020. The benchmark 10-yr Treasury yield fell to its lowest […]

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25%

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25%

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25% AUD/USD has moved higher in the Monday session. In North American trade, AUD/USD is trading at 0.6957, up 0.30% on the day. Earlier in the day, the pair touched 0.6966, its highest level since mid-May. On the release front, […]

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months The Australian share market has suffered its worst loss in five months amid jitters on global growth and fears the US is picking a second trade war, this one with Mexico. The benchmark S&P/ASX200 index closed down 76.4 points, or 1.19 per […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Mixed Notes: Fighting to stave off punitive tariffs announced by President, a senior Mexican delegation was set to begin high level talks Monday in Washington, where it will be pushed to do more to hold back Central American migrants. […]

Australia: S&P/ASX 200 (.AXJO) market clings on to being stronger in June

Australia: S&P/ASX 200 (.AXJO) market clings on to being stronger in June

Australia: S&P/ASX 200 (.AXJO) market clings on to being stronger in June Australia has managed to cling to a gain in May, which puts it well ahead of most world share markets which showed hefty losses. On the last trading day of the month the ASX 200 managed to add 4.8 points to 6396.9 points, […]

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible The Pound has been under pressure against the Australian Dollar of late but the GBP/AUD exchange rate is now approaching solid areas of support while much of the price action this week will depend on the RBA interest rate decision. The Pound lost […]

Australia: S&P/ASX 200 (.AXJO) trading close to an 11-year high as investors are feeling more optimistic about the economy following the federal election

Australia: S&P/ASX 200 (.AXJO) trading close to an 11-year high as investors are feeling more optimistic about the economy following the federal election

Australia: S&P/ASX 200 (.AXJO) trading close to an 11-year high as investors are feeling more optimistic about the economy following the federal election The S&P/ASX 200 (INDEXASX: XJO) index is trading close to an 11-year high as investors are feeling more optimistic about the economy following the federal election and growing expectations of interest rate cuts by […]

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative AUD/USD has been quite trendy in recent weeks as global trade tensions increase and risk assets such as the Aussie keep tumbling. Although, we saw a reversal higher towards the end of last week after the soft US manufacturing and services reports. But the sentiment is still […]

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