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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Dip Notes: Trade talks dominate headlines, the US and China have a deal in the works, as President Trump meeting China’s chief negotiator Vice Premier Liu Friday in Washington, DC. Growth in China’s new home prices fell to a 9-month low in January as broader economic weakness increasingly weighs […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Higher, Stocks Higher Notes: Trade talks dominate headlines with a new round of negotiations between the US and China have a deal in the works meeting continue in Washington. Sentiment also got a lift after the Fed Wednesday affirmed it would be “patient” on further interest rate rises. In Asia Gold: Gold […]

Broad weakness across non-resource stocks dragged the Australia: S&P/ASX 200 (.AXJO) below the 6100

Broad weakness across non-resource stocks dragged the Australia: S&P/ASX 200 (.AXJO) below the 6100

Broad weakness across non-resource stocks dragged the Australia: S&P/ASX 200 (.AXJO) below the 6100 Broad weakness across non-resource stocks dragged the Australian sharemarket below the 6100 point level as the domestic earnings season failed to dispel fears the economy was sliding into recession. The S&P-ASX 200 index climbed 0.3 per cent at the open after […]

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

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

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

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

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

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

Australian Economic Outlook

Australian Economic Outlook

The Year Ahead by Philip Lowe Governor of the Reserve Bank of Australia Thank you for the opportunity to address the National Press Club. It is an honour to have been invited. The media and the RBA have a special relationship. Most people in the community hear the RBA’s messages through the media. You report […]

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

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

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

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

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

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

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Off, Crude Oil Higher, Stocks Higher Notes: Minutes of the Fed’s last policy meeting are due Wednesday and should provide more guidance on the likelihood or not for rate hikes this year. There is also talk the Fed will keep a much larger balance sheet than previously planned. Financial markets are generally […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD SteadyCrude Oil DownStocks Off In Asia Notes: China closed all week for the Lunar New Year Thursday, the EC sharply cut its forecasts for euro zone economic growth due to global trade tensions and a numberof domestic challenges. Messrs. Mnuchin and Lighthizer are expected to kick off another round of trade talks in Beijing next week […]

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

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

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

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

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

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

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

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

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

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FirmCrude Oil UpStocks Subdued In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. Gold: Gold prices held firm Wednesday after US President Trump, in his State of the Union speech, vowed to build […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold HigherUSD EasedCrude Oil Off a BitStocks Flat to Little Change In Asia Notes: The Federal Open Markets Committee (FOMC) will hold its next policy-setting press conference on 30 January no hike expected. Officials from Washington and Beijing are set to launch a new round of trade talks on Wednesday aimed at resolving their disputes amid […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Steady Stocks Steady including Japan In Asia Notes: On the earnings front, US banks: Goldman Sachs (GS) will be in focus Wednesday Expectations are low with profits for US companies forecast to rise 6.4%, down from an 1 October estimate of 10.2% and a big fall from 2018’s tax cut-fueled gainer of more […]

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

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

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

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy The Australian dollar eased on Monday as fresh concerns about the global economy resurfaced. The main theme of the session was a weak Chinese trade report for December with imports and exports suffering the largest year-ended decline since the second half of 2016, raising renewed concern about […]

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

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

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

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

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

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

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices climbed Friday as USD retreated on expectations the Fed will pause interest rate hikes if the US economy slows this year, while investors awaited news on progress in the US-Chinatrade talks. Spot gold rose 0.6% to $1,293.55 oz as at 0604 GMT, heading […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Suncorp Group Limited (SUN:AX) 2019

Suncorp Group Limited (SUN:AX) 2019

Suncorp Group Limited (SUN:AX) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 14.25. The projected lower bound is: 10.25. The projected closing price is: 12.25. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

Stockland Stapled Securities (SGP:AX) 2019

Stockland Stapled Securities (SGP:AX) 2019

Stockland Stapled Securities (SGP:AX) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 4.19. The projected upper bound is: 4.07. The projected lower bound is: 2.88. The projected closing price is: 3.48. Candlesticks A black body […]

Servcorp Limited (SRV:AX) 2019

Servcorp Limited (SRV:AX) 2019

Servcorp Limited (SRV:AX) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 4.68. The projected upper bound is: 4.09. The projected lower bound is: 1.65. The projected closing price is: 2.87. Candlesticks A black body occurred […]

QBE Insurance Group Limited (QBE:AX) 2019

QBE Insurance Group Limited (QBE:AX) 2019

QBE Insurance Group Limited (QBE:AX) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 12.47. The projected lower bound is: 7.52. The projected closing price is: 9.99. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]

Qantas Airways Limited (QAN:AX) 2019

Qantas Airways Limited (QAN:AX) 2019

Qantas Airways Limited (QAN:AX) 2019 Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 6.87. The projected lower bound is: 4.66. The projected closing price is: 5.77. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

Origin Energy Limited (ORG:AX) 2019

Origin Energy Limited (ORG:AX) 2019

Origin Energy Limited (ORG:AX) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 8.88. The projected lower bound is: 4.18. The projected closing price is: 6.53. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

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

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

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

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

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

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

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Flat USD Off Crude Oil Lower Asian Stocks Higher Notes: There was no single trigger for the overnight relief rally on Wall Street, though a Mastercard Inc report that sales during the US holiday shopping season rose the most in 6 years in Y 2018 helped allay concerns about the health of the US economy There […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

President Trump Leads, Xi Makes Good on Promises, America Wins

President Trump Leads, Xi Makes Good on Promises, America Wins

$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX China resumed buying US Soybean, bringing some relief to farmers in the US heartland as President Xi works toward a trade deal with his American counterpart. The giant Asian commodity importer bought 2-M tonnes of American Soybean (SOY) over the past 24 hrs, with shipments expected to occur sometime […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to open higher Everything that happened overnight appeared perfectly explicable. One wonders though if the swings in trading activity are being overly attributed to headlines The pattern continues: Wall Street indices have been swinging about madly again. The pattern continues: an open, a rally or fall, then a retracement or […]

Gold Steady, USD Down, Stocks Up + Commodities

Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil deep in Bear Market Territory Asian Stocks Up sans Japan In Asia Gold: Gold prices held steady Thursday, after rising nearly 1% in the prion session, as USD slipped further from a 16-month peak hit earlier in the week. Spot gold was little […]

Australian Banks Prey on Average Australians

Australian Banks Prey on Average Australians

Australian Banks Prey on Average Australians The big 4 banks in Australia have operated in an environment of complete protection with competition regulated out of the market, the result has been a disaster for Australians. Australia must deregulate to allow greater competition and give Australians access to better banking, the idea that these 4 banks […]

Global Investors Buying US Stocks, S&P 500 at Record Highs

Global Investors Buying US Stocks, S&P 500 at Record Highs

Global Investors Buying US Stocks, S&P 500 at Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Global Investors bought into US stocks this week which set their longest-ever market rally. That action declared the end of a “tsunami” of tech fund inflows which have driven the market higher, noting tiny inflows of $0.1-B this week after […]

Global Stock Dividends Rise 13% to Record High $497-B

Global Stock Dividends Rise 13% to Record High $497-B

Global Stock Dividends Rise 13% to Record High $497-B It is a Golden Age for Dividend Investing  Global stock dividend payouts have risen 13% in the three months to the end of June, hitting a new record high of $497 billion, according to the Janus Henderson Global Dividend Index. Dividends rose across the globe, with […]

Scott Morrison Set to Fail Australia

Scott Morrison Set to Fail Australia

Scott Morrison Set to Fail Australia Scott Morrison is a disaster for Australia, he will immediately fail the nation with his pro-multiculturalism stance. According to his own website Australia is one of the most successful multicultural societies in the world. Cultural diversity is one of our greatest assets – sparking innovation, creativity and vitality. It […]

Asia Reacts to Trade War and Another Failed Australian Leader

Asia Reacts to Trade War and Another Failed Australian Leader

Asian markets mostly fell on Friday as China-US trade talks wrapped up with little progress being made, while the dollar held gains ahead of a key speech by the head of the Federal Reserve. The Australian dollar was among the worst performers as the country is gripped by political uncertainty with Prime Minister Malcolm Turnbull […]

Australia Should Follow New Zealand and Ban Foreign Ownership

Australia Should Follow New Zealand and Ban Foreign Ownership

Australia Should Follow New Zealand and Ban Foreign Ownership Australians have been over taxed and severely handicapped financially over the last 30 years, while other countries have encouraged small business, created a citizen friendly financial system and political system. In Australia small business and workers have been treated like the enemy of the state while […]

Trade Global Markets with One Account

Trade Global Markets with One Account

Trade Global Markets with One Account Fast, intuitive and secure. Trade more than 50,000 financial products, including stocks, cryptocurrency funds, options, futures, bonds, currencies, metals and commodities from all over the world. Work with your single multi-currency account on any device. Trading stocks is now easier than ever. Get online access to over 10,000 stocks […]

No Medicine Can Save Innate Immunotherapeutics Limited (IIL.AX)

No Medicine Can Save Innate Immunotherapeutics Limited (IIL.AX)

No Medicine Can Save Innate Immunotherapeutics Limited (IIL.AX) Innate Immunotherapeutics is set to flat line as the congressman, who sat on the firm’s board of directors and was one of its largest shareholders Chris Collins, was charged overnight with insider trading. The company has been on a losing streak for sometime now and the new […]

Economic Outlook for Australia

Economic Outlook for Australia

Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with […]

Australian Workers Suffer as Population Explodes

Australian Workers Suffer as Population Explodes

Australian Workers Suffer as Population Explodes Australia’s population will hit a record 25 million on Tuesday, almost a decade earlier than forecast projected, as the country’s politicians flood the nation with hundreds of thousands of immigrants each year, according to latest government data. The Australian Bureau of Statistics estimates the population will reach 26 million […]

Australia: Will Rates Burst the Real Estate Bubble

Australia: Will Rates Burst the Real Estate Bubble

Australia: Will Rates Burst the Real Estate Bubble Banks in Australia are gearing up for slight increases in interest rates, but in an overly inflated market this may well mean disaster for many and a correction in prices across the country. The smaller lenders are already moving rates higher but so far the big 4 […]

James Packer Dodging Trouble with Mental Health Claim?

James Packer Dodging Trouble with Mental Health Claim?

James Packer Dodging Trouble with Mental Health Claim? Australian tycoon James Packer has quit his family firm Consolidated Press Holdings as he recovers from mental health issues, a spokesman said Monday, months after he stepped down from gaming empire Crown Resorts. Packer’s departure from his private investment vehicle is the latest step by one of […]

Lucapa Unearthed Another Large Diamond at Lesotho

Lucapa Unearthed Another Large Diamond at Lesotho

Lucapa Unearthed Another Large Diamond at Lesotho $LCPDF Australia’s Lucapa Diamond (ASX:LOM, OTCMKT:LCPDF)) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program. The company’s managing director, Stephen Wetherall, said the recovery of such a large diamond so early in the bulk sampling program provided further proof that, just […]

Australia’s Corrupt Big Banks Will Crumble

Australia’s Corrupt Big Banks Will Crumble

Six current and former top executives from banking giants Deutsche Bank, Citigroup and ANZ were charged Tuesday by Australian federal prosecutors with criminal cartel conduct over a multi-billion-dollar capital raising. The charges come as Australia’s top lenders face scrutiny over their behaviour amid a royal commission investigating misconduct in the sector. John McLean, Itay Tuchman […]

Lucapa Found Another Large Diamond in Angola

Lucapa Found Another Large Diamond in Angola

Lucapa Found Another Large Diamond in Angola $LCPDF Australia’s Lucapa Diamond (ASX:LOM, OTCMKT:LCPDF) has discovered yet another large diamond at its prolific Lulo mine in Angola, a 46-carat pink stone, the largest colored gem-quality rock ever recovered there. The company said the gem-quality colored diamond eclipsed both the 43-carat yellow gem found in January and the almost 39-carat pink dug up […]

Telstra Corporation Limited (ASX:TLS) Heffx Daily Technicals

Telstra Corporation Limited (ASX:TLS) Heffx Daily Technicals

Telstra Corporation Limited (ASX:TLS) Heffx Daily Technicals Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 3.32. The projected upper bound is: 3.22. The projected lower bound is: 2.99. The projected closing price is: 3.10. Candlesticks A […]

Woolworths Group Limited (ASX:WOW) Trending Downwards

Woolworths Group Limited (ASX:WOW) Trending Downwards

Woolworths Group Limited (ASX:WOW) Trending Downwards Overall, the bias in prices is: Downwards.   The projected upper bound is: 27.20. The projected lower bound is: 25.81. The projected closing price is: 26.50. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices […]

Stock Market Participants Who Bet on Volatility ‘Hammered’

Stock Market Participants Who Bet on Volatility ‘Hammered’

Stock Market Participants Who Bet on Volatility ‘Hammered’ $VXX For a very long time volatility in the stock market had remained at 30 year lows, as stocks rose to new all-time highs since the day after the 2016 Presidential election without a pullback (3-5%) or a correction (9-11%). That is the longest stretch in market […]

The US and World Stock Markets are Functioning Normally

The US and World Stock Markets are Functioning Normally

The US and World Stock Markets are Functioning Normally $DIA, $SPY, $QQQ The technical selloffs in US and World stock markets, is not related to market fundamentals. World stock markets fell for a 4th day running on investor concerns about the prospect of higher interest rates and stretched equity valuations. US stocks marked about a […]

The Stock Market, “Nothing New Under the Sun.”

The Stock Market, “Nothing New Under the Sun.”

The Stock Market, “Nothing New Under the Sun.” $DIA, $SPY, $QQQ, $VXX  The DJIA dove almost 1,600 points, bottomed and bounced, as expected. Late Monday afternoon, Tom Farley, President of the New York Stock Exchange, said the stock market functioned correctly despite the tumult late in the afternoon. “There’s nothing new under the Sun.” The […]

Marijuana Sector Outlook for 2018

Marijuana Sector Outlook for 2018

Marijuana Sector Outlook for 2018 $GWPH, $BTC Medical Marijuana Approvals Should Increase It is expected the US Food and Drug Administration will approve the cannabis-based epilepsy drug Epidiolex from GW Pharmaceuticals Plc. (NASDAQ:GWPH) by the end of Summer 2018. GW Pharmaceuticals Plc is trading at: 132.00, +0.21, or +0.16% after hours: 7:37p EST on 10 January. Vs a […]

Australia and Asia Pacific are Biotech Destinations

Australia and Asia Pacific  are Biotech Destinations

Australia and Asia Pacific are Biotech Destinations Australia and the Asia Pacific are fast becoming the destination of choice for the over US$140 billion international biotech industry1, with considerable research incentives, supportive regulatory environments and affordable trial costs available. The increase in industry participation in the Asia Pacific region was highlighted in a private event […]

EU Property Giant Bets $16-B on US Shopping Malls

EU Property Giant Bets $16-B on US Shopping Malls

EU Property Giant Bets $16-B on US Shopping Malls $UNRDY, $WFGPY, $AMZN Europe’s biggest property firm Unibail-Rodamco (OTCMKT:UNRDY) is to buy US and UK mall operator Westfield Corp. (OTCMKT:WFGPY) for $16-B, a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon (NASDAQ:AMZN). The transaction gives […]

Investors Buy the Dips, Market Continues to Extend The Trump Rally

Investors Buy the Dips, Market Continues to Extend The Trump Rally

Investors Buy the Dips, Market Continues to Extend The Trump Rally $DIA, $SPY, $QQQ, $VXX Strategy: In an uptrend, when markets fall, buy. 2 weeks ago stocks encountered headwinds and a wide range of risk assets came under pressure in the week ended 18 November, and some market observers again declared the end of what […]

Australian Mines Limited (ASX:AUZ) Looks like the Bears have come to Play

Australian Mines Limited (ASX:AUZ) Looks like the Bears have come to Play

Australian Mines Limited (ASX:AUZ) Looks like the Bears have come to Play Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.07. The projected upper bound is: […]

National Australia Bank Ltd. (ASX:NAB) Cuts 6,000 Australian Jobs

National Australia Bank Ltd. (ASX:NAB) Cuts 6,000 Australian Jobs

National Australia Bank Ltd. (ASX:NAB) Cuts 6,000 Australian Jobs Up to 6,000 jobs will be axed in a major restructure at National Australia Bank, the lender said Thursday after posting Aus$5.28 billion (US$4.1 billion) in annual net profits. The positions will go as it further automates and simplifies its business. Some 2,000 new jobs will […]

Blackham Resources Ltd (ASX:BLK) Slammed

Blackham Resources Ltd (ASX:BLK) Slammed

Blackham Resources Ltd (ASX:BLK) Slammed Blackham looks like good buying today after being hammered in reaction to a fairly innocuous update, the financing seems to be the issue, the hedge and the possible dilution created a strong negative sentiment. I am not a fan of the hedge, but still if the operation is profitable, the […]

Blackham Resources Ltd (ASX:BLK) Headed to 30c

Blackham Resources Ltd (ASX:BLK) Headed to 30c

Blackham Resources Ltd (ASX:BLK) Headed to 30c This could do better but the PPS will be limited by a recent funding that was done in the 30c range. Blackham Resources Ltd (ASX:BLK) provides the Annual Report to shareholders. Review of Operations Over the last six years, Blackham has consolidated the Wiluna Goldfield with a tenement […]

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