Australian Dollar: USD/AUD (AUD=X) set to edge lower

Australian Dollar: USD/AUD (AUD=X) set to edge lower

Australian Dollar: USD/AUD (AUD=X) set to edge lower The Australian dollar significantly rallied a bit during the week, breaking above the 0.65 level before selling off towards the end of the same week. Ultimately, this is a market that I think could continue to see a lot of noise, especially in this area as it is a […]

Australia: S&P/ASX 200 (.AXJO) gains ahead as US rallies, states ease lockdowns

Australia: S&P/ASX 200 (.AXJO) gains ahead as US rallies, states ease lockdowns

Australia: S&P/ASX 200 (.AXJO) gains ahead as US rallies, states ease lockdowns Australian shares are set to open higher as markets calmed after a wild week. ASX futures were up 82 points or 1.6 per cent to 5298. The Australian dollar was up 0.2 per cent to 63.85 US cents. Shayne Heffernan Trade Idea March […]

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

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

Australia: S&P/ASX 200 (.AXJO) Australia Optimistic The last 24 hours has featured a sea of red ink right across global market over night and Australia hasn’t avoided the carnage with the S&P/ASX 200 (ASX:XJO) plunging 2.5% or 132 points to close at 5221 points today. Shayne Heffernan Trade Idea “The bright spot is that people […]

Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus

Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus

Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus The Australian Dollar closed lower last week, but surprisingly finished higher three out of five trading sessions. Most of last week’s loss took place in one trading session. The week started with the Australian Dollar, which is sensitive to […]

Australia: S&P/ASX 200 (.AXJO) All Hinges on Virus News

Australia: S&P/ASX 200 (.AXJO) All Hinges on Virus News

Australia: S&P/ASX 200 (.AXJO) All Hinges on Virus News The Australian share market has begun its week moderately lower. The Shayne Heffernan Idea We have several different types of policies all bundled together, and we’re going to be looking for insights as to which of these policies are working and which ones to reinforce. “The […]

Australian Dollar: USD/AUD (AUD=X) unchanged despite weaker-than-expected China Q1 GDP

Australian Dollar: USD/AUD (AUD=X) unchanged despite weaker-than-expected China Q1 GDP

Australian Dollar: USD/AUD (AUD=X) unchanged despite weaker-than-expected China Q1 GDP Aussie remained bid despite weaker-than-expected China Q1 GDP. Renewed hopes for coronavirus treatment support the antipodeans.  STAT news report that Gilead Sciences’ experimental drug ‘Remdesivir’ is seeing rapid recoveries in fever and respiratory symptoms associated with coronavirus.  On the data front, China registers first GDP […]

Australia: S&P/ASX 200 (.AXJO) slides again as economic reality sets in

Australia: S&P/ASX 200 (.AXJO) slides again as economic reality sets in

Australia: S&P/ASX 200 (.AXJO) slides again as economic reality sets in Australian shares are set to open lower as Wall Street struggled in the wake of fresh record unemployment in the US and another push from Donald Trump to reopen the economy early despite the advice of health experts. ASX futures were down 72 points […]

Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March

Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March

Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March The AUD/USD pair declined after the Australian Bureau of Statistics (ABS) released upbeat March jobs numbers. The data showed that the country’s job market remained steady before coronavirus restrictions started. According to ABS, trend employment increased by about 17,000 people in March. Most […]

Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data

Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data

Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data Australian shares have recorded sharp early losses as global equities sour and a likely bleak unemployment figure looms. The S&P/ASX200 benchmark index was down 101.7 points, or 1.86 per cent, at 5365.0 points after 30 minutes of trade on Thursday, ahead of a widely […]

Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report

Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report

Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report AUD/USD continues to retrace the sharp decline from the previous month as the Reserve Bank of Australia (RBA) abandons the dovish forward guidance for monetary policy, and the central bank may continue to change its tune over the coming months as officials insist that “smaller and less […]

Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh

Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh

Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh Australia’s main stock index fell on Wednesday as prospects of a deep global recession and its impact on the demand for crude oil hammered energy stocks and offset better-than-expected trade data from China, the country’s biggest trading partner. The benchmark S&P/ASX 200 […]

Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher

Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher

Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher The Australian dollar initially pulled back a bit during the trading session on Monday, but then turned around to reach towards the top of the range from the previous session almost immediately during the US session. Keep in mind that several banks around the world were closed due […]

Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus

Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus

Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus Australian shares have experienced a lacklustre start to the day, its first session back from the Easter long weekend. The ASX 200 index had fallen by 0.4 per cent to 5,365 points by 10:25am AEST. Many of the best-performing stocks were gold […]

Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance

Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance

Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance The Australian dollar initially pulled back a bit during the trading session on Wednesday, but turned around to show signs of strength, as we reached towards the 0.62 level. At this point, the market breaking above that level and the 61.8% Fibonacci retracement level which is just […]

Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher

Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher

Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher The Australian sharemarket is set for an early rise after US stocks were buoyed by hopes the coronavirus outbreak has reached a peak. The SPI200 futures contract was up 70 points, or 1.35 per cent, at 5,248.0 points at 0800 AEST on Thursday, suggesting local […]

Australian Dollar: USD/AUD (AUD=X) Rallies Significantly Into Resistance

Australian Dollar: USD/AUD (AUD=X) Rallies Significantly Into Resistance

Australian Dollar: USD/AUD (AUD=X) Rallies Significantly Into Resistance The 0.62 level above is an area that should be resistive due to a large, round, psychologically significant figure being represented and several attempts to break above it. At this point, I think that a pullback makes quite a bit of sense, as we are simply going […]

Australia: S&P/ASX 200 (.AXJO) to rise on encouraging COVID-19 trend

Australia: S&P/ASX 200 (.AXJO) to rise on encouraging COVID-19 trend

Australia: S&P/ASX 200 (.AXJO) to rise on encouraging COVID-19 trend The Australian sharemarket is tipped to continue its strong start to the week after global equities were encouraged by early signs the coronavirus death toll is slowing. The SPI200 futures contract was up 124 points, or 2.35 per cent, at 5,397.0 points at 0800 AEST […]

Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar

Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar

Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar Increased demand for risky commodity currencies is helping to boost the Australian Dollar on Monday, however, gains are being capped by a stronger U.S. Dollar. Position-squaring ahead of Tuesday’s Reserve Bank of Australia (RBA) monetary meeting could also be providing some support. […]

Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary

Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary

Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary The Australian share market is tipped to rise but economists remain wary of the coronavirus volatility that ensured global equities ended the week on a sour note. Wall Street’s main indexes fell more than 1.5 per cent on Friday after US employment showed a […]

Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week

Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week

Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week The Australian dollar has initially tried to rally during the week, but then broke down towards the 0.60 level, and hung around that area as it would attract a lot of attention obviously. Ultimately, I think that the market will then continue to see a lot of noise, […]

How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO)

How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO)

How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO) COVID-19 hit equity markets around the world swiftly and sharply. Equities, as is often the case in crises, have been characterised by exceptionally high levels of volatility, as increased weightings in illiquid assets have forced many investors to liquidate where they can rather than where is […]

Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level

Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level

Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level The Australian dollar initially tried to rally during the trading session on Thursday but give back the gains as we started to see a lot of negativity out there. Ultimately, this is a market that […]

Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over

Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over

Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over The Australian dollar has initially tried to rally a bit during the trading session on Wednesday but has rolled over to reach towards the 0.60 level. That level should be psychologically important but if it doesn’t hold, we could very well fall towards the lows again. It should be noted […]

Australia: S&P/ASX 200 (.AXJO) making strong gains

Australia: S&P/ASX 200 (.AXJO) making strong gains

Australia: S&P/ASX 200 (.AXJO) making strong gains Australia’s stock market carved its own path on Wednesday, making strong gains despite Asian markets falling and US futures pointing to a weak performance on Wall Street overnight. The energy sector – one of the most sold since the start of the year – led the gains with […]

Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency

Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency

Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency The Australian dollar eased against the greenback on Wednesday, despite the U.S. currency being mixed against most G10 currencies. At 07:00 (AEST), the Australian dollar was buying 61.47 U.S. cents, down from 61.70 U.S. cents on Tuesday. “AUD/USD’s sharpest price action was not linked to news […]

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session The Australian share market has risen more than three per cent as stimulus-driven gains carried into a second session. The S&P/ASX200 benchmark index was up another 140.3 points, or 2.71 per cent at 5,321.7 by 1200 AEDT […]

Australian Dollar: USD/AUD (AUD=X) dollar breaks through 61 US cents

Australian Dollar: USD/AUD (AUD=X) dollar breaks through 61 US cents

Australian Dollar: USD/AUD (AUD=X) dollar breaks through 61 US cents The Australian dollar rose through 0.61 US cents through trade on Friday, buoyed by a continued run in improved risk sentiment. The Australian dollar closed the week higher against the greenback, up nearly 1.37% for the day reaching a high of 0.6199, its highest level […]

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall Australian shares are expected to fall, reflecting in part more selling on Wall Street over the weekend, as the global number of coronavirus cases and the death toll leapt higher. ASX futures were up 6 points or 0.1 per cent to 4834 at 3.59pm on Friday […]

Australian Dollar: USD/AUD (AUD=X) at its highest in over a week near 0.6100

Australian Dollar: USD/AUD (AUD=X) at its highest in over a week near 0.6100

Australian Dollar: USD/AUD (AUD=X) at its highest in over a week near 0.6100 The AUD/USD pair is ending the day with gains around 0.6080, a fresh weekly high, underpinned by rallying equities and a weaker dollar in the last trading session of the day. The pair recovered from an early low of 0.5869, a result […]

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers The ASX200 benchmark index has had three straight days of gains, after finishing Thursday up 2.3 per cent while the All Ordinaries index closed up 2.58 per cent. The Australian dollar was buying 60.66 US cents at 0700 AEDT, up from 59.14 US cents as […]

Australian Dollar: USD/AUD (AUD=X) Struggling At Major Round Figure

Australian Dollar: USD/AUD (AUD=X) Struggling At Major Round Figure

Australian Dollar: USD/AUD (AUD=X) Struggling At Major Round Figure The Australian dollar had a strong start to the trading session on Wednesday but gave back quite a bit of the gains once we get above the 0.60 level. Ultimately, this is a pair that is highly sensitive to risk appetite and that of course is a major […]

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row The broader All Ordinaries index also finished higher, closing 5.32 per cent higher at 5,006.20 points. The late rally coincided with news from Washington that the US government had agreed to pass the […]

Australian Dollar: USD/AUD (AUD=X) Neutral In The Short-Term

Australian Dollar: USD/AUD (AUD=X) Neutral In The Short-Term

Australian Dollar: USD/AUD (AUD=X) Neutral In The Short-Term The Australian dollar advanced against its American rival to 0.5975, its highest for this week, with the pair ending the day around 0.5900. Data coming from the country were mixed, as the Commonwealth Bank Services PMI plunged to 39.8 in March according to preliminary estimates, although the […]

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system Lowe revealed that over the past few weeks, the RBA has injected “substantial extra liquidity into the financial system through our daily market operations.” He also revealed that the RBA will conduct one-month and three-month repurchase (repo) operations each day. In […]

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined The AUD/USD pair had a relatively quiet day, ending it unchanged around 0.5790. The pair seesawed within familiar levels trapped between the usual dollar’s demand, and resurgent gold prices. The bright metal soared to $1,561.21 a troy ounce, limiting the downside for […]

Australian Dollar: USD/AUD (AUD=X) Breaks Major Level

Australian Dollar: USD/AUD (AUD=X) Breaks Major Level

Australian Dollar: USD/AUD (AUD=X) Breaks Major Level The Australian dollar has broken through the 0.60 level, an area that is important due to the fact that it was the low of the financial crisis. Now that we are through that level, we need to start looking back along the lines of 20 years ago. The 0.58 level […]

Australia: S&P/ASX 200 (.AXJO) Investors brave another day

Australia: S&P/ASX 200 (.AXJO) Investors brave another day

Australia: S&P/ASX 200 (.AXJO) Investors brave another day Investors braved another day of wild volatility on the local sharemarket on Wednesday, as the bourse undid its gains from the previous session. The S&P/ASX 200 Index slid 340.2 points, or 6.4 per cent, to 4953.2 wiping another $102.3 billion from the boards and closing below 5000 […]

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

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

Australia: S&P/ASX 200 (.AXJO) are poised to open higher Australian shares are poised to open higher, following a stunning rally on Friday in New York which caused all three big US benchmarks surge more than 9 per cent. ASX futures were up 61 points or 1.1 per cent to 5655. The local currency pared a plunge to […]

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly The Australian dollar of course is highly levered to the Chinese economy, and of course is highly levered to global growth in general. At this point it looks as if the global growth is falling apart even further and that is going to continue to weigh upon the Aussie. However, […]

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff News the United States will temporarily suspend travel from Europe saw fears over a global recession escalate sharply on Thursday, leading to another brutal selloff in Australian shares which tumbled to the lowest level since in over three years. The benchmark S&P/ASX […]

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

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

Australian Dollar: USD/AUD (AUD=X) Plunges The Australian dollar has plunged during the trading session on Thursday, as we continue to see a lot of “risk off” trading out there. Ultimately though, we are getting close to a major support level so it’s interesting to see whether or not the Aussie can hold this general vicinity. […]

Australian Dollar: USD/AUD (AUD=X) sentiment on the currency negative

Australian Dollar: USD/AUD (AUD=X) sentiment on the currency negative

Australian Dollar: USD/AUD (AUD=X) sentiment on the currency negative The Australian dollar has initially tried to rally during the trading session on Tuesday, but then rolled over a bit to show signs of weakness. At this point, the Australian dollar has seen a flash crash on Monday, but now it looks as if the market […]

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week Australian shares rebounded on Tuesday after a horror start to the week, but market watchers warn that volatility is likely to persist until there are signs of progress in containing the novel coronavirus. After tumbling close to 4 per cent on the open […]

Australian Dollar: USD/AUD (AUD=X) currently in a major “risk off” type of situation

Australian Dollar: USD/AUD (AUD=X) currently in a major “risk off” type of situation

Australian Dollar: USD/AUD (AUD=X) currently in a major “risk off” type of situation The Australian dollar has broken down significantly during the trading session in a major “risk off” type of situation, as the oil markets have fallen apart and of course commodity currencies in general have all been hit rather hard. However, as we […]

Australian Dollar: USD/AUD (AUD=X) Rallied Slightly Into The Weekend

Australian Dollar: USD/AUD (AUD=X) Rallied Slightly Into The Weekend

Australian Dollar: USD/AUD (AUD=X) Rallied Slightly Into The Weekend The Australian dollar has initially dropped during the trading session on Friday, only to turn around and spike to the upside. Looking at the market, you can see that the Australian dollar has continued to be noisy, but as it is oversold it is very likely […]

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets Australian shares are set to drop, following overseas markets, as investors continue to reprice equities with the number of confirmed cases of the coronavirus outside of China expected to rise ever higher this week. ASX futures were down 93 points or 1.5 per cent to […]

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

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

Australia: S&P/ASX 200 (.AXJO) volatility in shares continue The volatility in shares continued on Thursday, with the local sharemarket reversing falls from the previous session to close markedly higher after a positive lead from overseas. The S&P/ASX 200 Index ended the day 70.3 points, or 1.1 per cent, higher at 6395.7, leaving the benchmark 10.7 […]

Australian Dollar: USD/AUD (AUD=X) Weakens Under .6604, Strengthens Over .6644

Australian Dollar: USD/AUD (AUD=X) Weakens Under .6604, Strengthens Over .6644

Australian Dollar: USD/AUD (AUD=X) Weakens Under .6604, Strengthens Over .6644 The Australian Dollar is trading flat to lower in limited action on Thursday as investors continue to assess the impact of the coronavirus on its economy, while digesting the Reserve Bank of Australia’s 25-basis point rate cut from Tuesday and an aggressive 50-basis point rate […]

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness The ASX dropped to its lowest level in six months on Wednesday amid concerns the profit margins of major banks will be squeezed by their decision to pass on the full extent of Tuesday’s RBA rate cut to mortgage holders, as requested […]

Australian Dollar: USD/AUD (AUD=X) Continue to Pressure Upside

Australian Dollar: USD/AUD (AUD=X) Continue to Pressure Upside

Australian Dollar: USD/AUD (AUD=X) Continue to Pressure Upside The Australian dollar has initially pulled back during the trading session on Tuesday, reaching towards the 0.65 handle. However, we have seen a lot of support at that area and then turned around to rally to the upside. The 0.66 level is a target that short-term traders […]

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates The ASX 200 index finished the session 0.7 per cent higher at 6,435 points. The broader All Ordinaries index rose 50 points to 6,511. The Australian share market had an early boost from investors buying the dip […]

Australia: S&P/ASX 200 (.AXJO) set for more losses

Australia: S&P/ASX 200 (.AXJO) set for more losses

Australia: S&P/ASX 200 (.AXJO) set for more losses The Australian sharemarket is set for more losses when trading resumes on Monday, as the coronavirus induced shock that took most major markets into correction territory last week shows no sign of abating. Bets on interest rate cuts have escalated dramatically since the equity market sealed its […]

Australian Dollar: USD/AUD (AUD=X) Break Through .6434 Could Create Momentum Needed to Challenge 11-Year Low

Australian Dollar: USD/AUD (AUD=X) Break Through .6434 Could Create Momentum Needed to Challenge 11-Year Low

Australian Dollar: USD/AUD (AUD=X) Break Through .6434 Could Create Momentum Needed to Challenge 11-Year Low The Australian Dollar plunged early in the session on Friday, moving closer to the March 3, 2009 main bottom at .6285, as traders priced in expectations of weaker domestic growth in reaction to the impact of coronavirus. However, dovish comments […]

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction The Australian sharemarket is staring at another day of heavy falls as rising coronavirus fears sent Wall Street into a technical corrction overnight. 1. Volatility increases further: Panic in global markets only escalated overnight, still on fears that the coronavirus is rapidly evolving […]

Australian Dollar: USD/AUD (AUD=X) extraordinarily week

Australian Dollar: USD/AUD (AUD=X) extraordinarily week

Australian Dollar: USD/AUD (AUD=X) extraordinarily week The Australian dollar has broken down during the trading session on Wednesday, as we continue to see a lot of US dollar strength in of course people running away from anything in Asia. The Australian dollar has been extraordinarily week, and it certainly seems as if it is only […]

Australian Dollar: USD/AUD (AUD=X) continues to see a lot of selling pressure

Australian Dollar: USD/AUD (AUD=X) continues to see a lot of selling pressure

Australian Dollar: USD/AUD (AUD=X) continues to see a lot of selling pressure The Australian dollar has initially tried to rally during the trading session on Tuesday, but continues to see a lot of selling pressure, mainly because of the coronavirus. After all, the Chinese economy is flat on its back so it’s very likely we […]

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019 The S&P/ASX 200 dropped 2.25 per cent to 6978.3 points today. (The second decimal point is important because the index dropped 2.21 per cent on October 3 last year). The 2.25 per cent decline is the worst since August 2019, when there were fears of a […]

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes The caution that’s gripped financial markets lately showed no signs of letting up as trading got underway this week, with concern that the coronavirus will hamper growth prospects hitting the Australian and New Zealand dollars. The yen gained. Australian bonds climbed, while equity futures […]

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today Australia will finally get its own official index of publicly listed technology companies trading on the now thoroughly virtualized floor of the Australian Securities Exchange, with ratings agency Standard and Poors today launching the much awaited S&P/ASX All Technology Index. It is understood the highly anticipated […]

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets The Australian sharemarket is poised to open slightly higher on a busy day on the reporting season calendar. At 7.30am AEDT, futures are pointing to a gain of 10 points, or 0.1 per cent, at the start of the session. 1. Apple’s downgrade […]

Australian Dollar: USD/AUD (AUD=X) very unlikely to be able to rally

Australian Dollar: USD/AUD (AUD=X) very unlikely to be able to rally

Australian Dollar: USD/AUD (AUD=X) very unlikely to be able to rally The Australian dollar initially tried to rally during the trading session on Wednesday but struggled at the 0.67 handle. This level seems to be more or less a magnet for price, and it looks as if we are going to continue going lower eventually. […]

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in The Australian share market has finished marginally lower for a second day as investors digest local profit results in the absence of strong offshore leads. The benchmark S&P/ASX200 index closed Tuesday down 11.4 points, or 0.16 per cent, at 7,113.7, while the broader All […]

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

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

Australian Dollar: USD/AUD (AUD=X) continues to plummet The Australian dollar continues to plummet as the US dollar attract quite a bit of money coming into the country. The US economy outperforms all of the other major once, so therefore it should not be surprised at all to see the Aussie dollar falling. Furthermore, the RBA […]

Australia: S&P/ASX 200 (.AXJO) stocks rebound to finish almost flat

Australia: S&P/ASX 200 (.AXJO) stocks rebound to finish almost flat

Australia: S&P/ASX 200 (.AXJO) stocks rebound to finish almost flat The Australian stock exchange has bounced back from its early losses to finish the day nearly flat as the big banks dragged on the market. After slipping as low as 25.8 points, the benchmark S&P-ASX 200 index closed Monday down just 5.1 points, or 0.07 […]

Australian Dollar: USD/AUD (AUD=X) rallies into the resistance

Australian Dollar: USD/AUD (AUD=X) rallies into the resistance

Australian Dollar: USD/AUD (AUD=X) rallies into the resistance The Australian dollar has rallied again during the trading session on Wednesday, reaching towards the 0.6750 level, an area that should continue to offer a bit of resistance as it has been rather stringent over the last couple of days. Remember, the Australian dollar is highly sensitive […]

Australia: S&P/ASX 200 (.AXJO) shares up on financials, slowing virus, NZ hits record high

Australia: S&P/ASX 200 (.AXJO) shares up on financials, slowing virus, NZ hits record high

Australia: S&P/ASX 200 (.AXJO) shares up on financials, slowing virus, NZ hits record high Australian shares advanced on Wednesday, powered by financial major Commonwealth Bank of Australia , and as investors drew relief from news that the spread of the coronavirus outbreak in China may be slowing and it may be over by April. The […]

Australian Dollar: USD/AUD (AUD=X) receiving a boost from a firmer Chinese Yuan

Australian Dollar: USD/AUD (AUD=X) receiving a boost from a firmer Chinese Yuan

Australian Dollar: USD/AUD (AUD=X) receiving a boost from a firmer Chinese Yuan The Australian Dollar is trading higher for a second session on Tuesday as firmer Asia Pacific stock markets point toward rising demand for risky assets. Furthermore, the beat-up Asian currencies are making a comeback on Tuesday, as investor risk appetite recovered on speculation […]

Australian Dollar: USD/AUD (AUD=X) weakness may have been fueled by sell-stops rather than aggressive short-selling

Australian Dollar: USD/AUD (AUD=X) weakness may have been fueled by sell-stops rather than aggressive short-selling

Australian Dollar: USD/AUD (AUD=X) weakness may have been fueled by sell-stops rather than aggressive short-selling The Australian Dollar is rebounding early Monday following the previous session’s steep sell-off that drove the currency to its lowest level since the financial crisis in 2009. The price action suggests that Friday’s weakness may have been fueled by sell-stops […]

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness The Australian dollar has gotten hammered during the trading session on Friday, showing signs of weakness yet again as money continues to flow out of Asia due to the coronavirus and simple slowdowns. The Australian economy is getting hammered from all fronts, considering that the wildfires continue […]

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

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

Australia: S&P/ASX 200 (.AXJO) Expected to edge higher Australia’s stock market closed 1.3 per cent lower today with the S&P/ASX200 at 6923.3 points and the All Ords falling 101 points lower, a decline of 1.4 per cent, at 7019.9 points.  The indices dropped as much as 1.7 per cent on the open before firming up […]

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