Australia S&P/ASX 200 (INDEXASX:XJO) The Week Ahead

Australia S&P/ASX 200 (INDEXASX:XJO) The Week Ahead

Australia S&P/ASX 200 (INDEXASX:XJO) The Week Ahead

The share of national income going to households has shrunk to its smallest since 1964, the year the the Year I was born in Australia.

The A$1.7 trillion economy expanded at its slowest pace in eight years last quarter, with annual growth of 1.7 percent as workers and small business are crushed by Taxation and horrendously mismanaged Government Spending.

Excessive Immigration has put an unfair burden on Australian Workers.

Australia relies more on income tax from companies and individuals than any other country in the OECD, except Denmark.

OECD data does show that Australia derives a higher proportion of its total taxation revenue from income tax collected from companies and individuals than any country except Denmark.

In Australia, income tax on personal income is a progressive tax. The rates for resident individual taxpayers is different to non-resident taxpayers.

The current tax-free threshold for resident individuals is $18,200, and the highest marginal rate for individuals is 45%. In addition, most Australians are liable to pay the Medicare levy, of which the standard is 2% of taxable income.

In addition to that Aussie’s get whacked with Sales tax The goods and services tax (GST) in Australia is a value added tax of 10% on most goods and services sales. GST is levied on most transactions in the production process, but is refunded to all parties in the chain of production other than the final consumer.

 

&P/ASX 200 closed up 28.351 at 5,765.119. Volume was 0% above average (neutral) and Bollinger Bands were 17% narrower than normal.

Open           High           Low               Close           Volume___
5,736.800 5,778.800  5,736.800  5,765.119      655,374,784

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 5,732.30 5,757.73 5,659.87
Volatility: 16 15 14
Volume: 565,326,848 656,254,528 634,611,904

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

 

S&P/ASX 200 is currently 1.9% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .AXJO at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .AXJO and have had this outlook for the last 12 periods.

 

Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 57.2722. This is not an overbought or oversold reading. The last signal was a sell 10 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 52.34. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 128 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 64. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

Australia
Australia, Outlook, India, ocean, Passport, Sex offenders, China, US, America

The economy of Australia is one of the largest mixed market economies in the world, with a GDP of AUD$1.62 trillion as of 2015. Australia’s total wealth is AUD$6.4 trillion in 2013. In 2012, it was the 12th largest national economy by nominal GDP and the 19th-largest measured by PPP-adjusted GDP, about 1.7% of the world economy. Australia is the 19th-largest importer and 19th-largest exporter. The Reserve Bank of Australia publishes quarterly forecasts of the economy.

The Australian economy is dominated by its service sector, comprising 68% of GDP. The mining sector represents 7% of GDP; including services to mining, the total value of the mining industry in 2009-10 was 8.4% of GDP.[27] Economic growth is largely dependent on the mining sector and agricultural sector (12% of GDP) with the products to be exported mainly to the East Asian market.Despite the recent decline of the mining boom in the country, the Australian economy has remained resilient and stable.

The Australian Securities Exchange in Sydney is the largest stock exchange in Australia and in the South Pacific and ranks 14th in the world in terms of market capitalisation. Australia is home to some of the largest companies in the world, including but not limited to: Wesfarmers (Coles Group), Woolworths, BHP Billiton, National Australia Bank, ANZ, Commonwealth Bank, Westpac, Rio Tinto Group, Telstra & Caltex – which are the 10 largest companies in Australia. The Australian dollar is the currency of the Commonwealth of Australia and its territories, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is also the official currency of the independent Pacific Island nations of Kiribati, Nauru and Tuvalu.

ASX is one of the world’s leading financial market exchanges, offering a full suite of services, including listings, trading, clearing and settlement, across a comprehensive range of asset classes.

As the first major financial market open every day, ASX is a world leader in raising capital, consistently ranking among the top five exchanges globally.

With a total market capitalisation of around $1.5 trillion, ASX is home to some of the world’s leading resource, finance and technology companies. Our $47 trillion interest rate derivatives market is the largest in Asia and among the biggest in the world.

ASX’s network and data centre are connected to leading financial hubs. Speed, reliability, state-of-the-art technology and the diversity of the user community, are fundamental to the success of the Sydney-based ASX Australian Liquidity Centre.

We operate in a world class regulatory environment, meeting the highest global standards. Our clearing houses are among the most secure and well capitalised in the world, and help underpin the stability of Australia’s financial markets.

ASX has over 150 years of exchange experience and a highly skilled team of 530 people. We put our customers at the centre of everything we do – 6.7 million share owners, 180 participants, and almost 2,200 listed companies and issuers.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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