Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech The Australian share market is expected to open higher after a positive lead from Wall Street at the end of last week. The SPI200 futures contract was up 35.0 points, or 0.52 per cent, at 6,738 at 8am Sydney time, suggesting a bounce […]

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China The Australian Dollar is trading lower on Monday in reaction to weaker-than-expected trade balance data from China. The Aussie is also being pressured by Friday’s stronger-than-expected U.S. Non-Farm Payrolls and consumer sentiment reports, which should be enough to prevent the […]

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level The Australian dollar has rallied a bit during the trading session on Friday, as we continue to see a bit of consolidation near the 0.6850 level. Remember, the Australian dollar is highly sensitive to the US/China trade situation, and it […]

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections The New Zealand and Australian Dollars finished mixed on Wednesday with the Kiwi posting a gain and the Aussie closing unchanged. Both currencies posted two-sided price action before rallying […]

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off Australian shares recovered after suffering their largest two-day slide since early August, boosted by a report suggesting a trade deal between the United States and China may still be reached before the next wave of proposed US tariffs begin on December 15. The […]

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

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

Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher The Australian dollar has rallied a bit during the trading session on Tuesday but gave back quite a bit of the gains due to Donald Trump suggesting that the trade deal might be better served happening after the election. If that’s going to be the case, that […]

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight USD Down on Manufacturing Miss The US dollar has been under pressure over early trading on Tuesday as the reaction from yesterday’s data miss continues. The US ISM Manufacturing print for November came in below expectations at 48.1 vs 49.2 expected. Marking the fourth straight month in contractionary territory, the reading is […]

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait Global stocks fell broadly after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods. The selling knocked the Dow Jones Industrial Average more […]

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation The Australian dollar has taken off to the upside during the trading session on Monday, reaching towards the 50 day EMA by the time New York opened. With that being the case, it looks as if we are trying to make […]

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving The Australian dollar initially tried to rally during the week but then drifted lower to reach the 0.6775 handle, and perhaps even a little bit lower. At this point though, the market has a lack of volume as Thanksgiving would have been […]

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks A quiet end to last week as the Thanksgiving holiday disrupted markets, setting up the ASX for a soft start this morning. At 7.15am AEDT, futures are pointing to a gain of 5 points at the open. Stocks fall […]

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal The Australian share market has lifted to its highest ever point despite one of the country’s biggest institutions being embroiled in controversy. Scandal-plagued Westpac is the nation’s second largest bank in a sector that dominates the equities market, but this hasn’t restricted the indices […]

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal The Australian dollar has struggled a bit during the trading session to find any footing, but that should not be much of a surprise as we have seen this market struggle for direction as the […]

Australia’s first underwater hotel to open on Great Barrier Reef

Australia’s first underwater hotel to open on Great Barrier Reef

Australia’s first underwater hotel is set to open on the Great Barrier Reef in the coming days, allowing visitors to immerse themselves in one of the world’s most spectacular natural environments. Situated about 40 nautical miles off Airlie Beach at Hardy Reef’s reconstructed pontoon that was badly damaged by Cyclone Debbi in 2017, the 10 […]

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020 The Australian and New Zealand Dollars are inching lower on Wednesday on low volume. The tight trading range this week suggests many of the major players are on the sidelines ahead of the U.S. bank holiday on Thursday. Aussie and Kiwi investors […]

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed Australian shares surged to a record closing high on Wednesday, supported by growing speculation the Reserve Bank of Australia will cut official interest rates and launch quantitative easing (QE) next year. The benchmark S&P/ASX 200 jumped 63.1 points, or 0.9 per […]

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone Australian consumer confidence decreased ahead of the key holiday shopping season, but a phone call between officials from the US and China has once again grabbed the headlines. According to the Chinese Ministry of […]

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge The Australian sharemarket has closed higher for a third day, with gains across every sector except consumer discretionary shares. The benchmark S&P-ASX 200 index finished on Tuesday up 56.1 points to 6787.5, while the broader all ordinaries was up 54.2 points to 6889.8. “There’s plenty […]

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come […]

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners A rise in iron ore spot prices pushed up shares in Australia’s major iron ore producers on Monday and helped underpin a 0.3 per cent lift in the S&P/ASX 200 index to 6731.4. The steel ingredient is at four-week highs of $US84.50 per tonne […]

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news Investors are set to react cautiously to any positive trade deal news this week, with a phase one US-China trade pact before the end of the year looking increasingly unlikely. Despite positive comments from both Beijing and Washington last […]

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come into play. Traders read the summary to […]

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim The Australian share market slumped for a second day, with losses across the board as passage of a US-China trade deal appears less and less likely anytime soon. The benchmark S&P-ASX 200 index on Thursday closed down 49.5 points to 6672.9, while the broader […]

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift The Australian Dollar was on the front foot against its major rivals as currency markets reacted to words of optimism from China on ongoing trade talks with the U.S., while investor sentiment was further boosted by minutes from the latest Federal Reserve (Fed) […]

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal The Australian Dollar is trading lower on Wednesday. The pressure is coming from renewed concerns over a U.S.-China trade deal, a stronger U.S. Dollar and dovish Reserve Bank minutes. Traders are worried that negotiations between the two economic powerhouses have […]

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules Australian shares fell on Wednesday, with second-biggest lender Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering […]

Australian Dollar: USD/AUD (AUD=X) Continues To Grind

Australian Dollar: USD/AUD (AUD=X) Continues To Grind

Australian Dollar: USD/AUD (AUD=X) Continues To Grind The Australian dollar has initially tried to rally during the trading session on Monday, only to turn around and show weakness again. Ultimately, this is a market that looks very likely to continue to see a lot of noise around it as the Australian dollar is so sensitive […]

Australia: S&P/ASX 200 (.AXJO) shares end modestly higher on RBA’s dovish tone

Australia: S&P/ASX 200 (.AXJO) shares end modestly higher on RBA’s dovish tone

Australia: S&P/ASX 200 (.AXJO) shares end modestly higher on RBA’s dovish tone Australian shares closed modestly higher on Tuesday, after minutes from the country’s central bank meeting this month revealed a clear dovish bias, but gains on the benchmark were capped by a decline in technology stocks. The S&P/ASX 200 index advanced 0.7% to 6,814.20 […]

Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines

Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines

Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines The Australian Dollar is trading slightly lower on Monday. There has been no follow-through to the upside following Friday’s strong rebound rally, following the prior session’s steep sell-off. The trading range is tight as most of […]

Australia: S&P/ASX 200 (.AXJO) shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs

Australia: S&P/ASX 200 (.AXJO) shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs

Australia: S&P/ASX 200 (.AXJO) shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs Australian shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs last week. ASX futures were down 2 points to 6773 […]

Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia

Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia

Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia The Australian Dollar closed lower last week with most of the loss occurring on November 14  after the Australian 10-year government bond yield slumped to over a 1-week low after the country’s employment report […]

Australia: S&P/ASX 200 (.AXJO) set for a mixed start to the trading week

Australia: S&P/ASX 200 (.AXJO) set for a mixed start to the trading week

Australia: S&P/ASX 200 (.AXJO) set for a mixed start to the trading week S&P/ASX200 Index futures are down 3 points, suggesting a mixed start to the trading week. However, rising hopes of a US-China trade deal after a “constructive” weekend phone call between negotiators may fuel the momentum in blue chip stocks that has propelled […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to rise The S&P/ASX 200 index returned to form on Thursday and pushed notably higher. The benchmark index finished the day 1% higher at 6,726.6 points. Will the local share market be able to build on this on Friday? Here are five things to watch: ASX 200 expected to rise.    […]

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior The Australian dollar has shown signs of erratic behavior over the last 24 hours but this should not be a huge surprise considering that we continue to have mixed messages coming out of the trade war between the United States and China. However, part of the resiliency that […]

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact On Oct 31 AUD/USD rose to a multi-month high at 0.6929. Later, buyers tried to rally the price further however, they have not been successful in overtaking this level. Similarly, NZD/USD rallied at the start of this week to 0.6460 – its highest level in over two […]

Australian Dollar: USD/AUD (AUD=X) momentum trending lower

Australian Dollar: USD/AUD (AUD=X) momentum trending lower

Australian Dollar: USD/AUD (AUD=X) momentum trending lower The Australian Dollar is trading higher on Tuesday, recovering from early session weakness, after Reserve Bank of Australia policymakers decided to hold policy steady at 0.75%, as expected, while upgrading forward-guidance. The final paragraph of the RBA’s monetary policy statement is steering Aussie Dollar prices higher. In it, […]

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support The Australian Dollar has is down more-than 0.3% against the US Dollar since the start of the week with Aussie now testing monthly uptrend support. These are the updated targets and invalidation levels that matter on the AUD/USD price charts. In my latest Australian Dollar Price […]

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

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

Australia: S&P/ASX 200 (.AXJO) Trading Higher Australia stocks were higher after the close on Monday, as gains in the Metals & Mining, Materials and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.27%. The best performers of the session on the S&P/ASX 200 were NRW Holdings Ltd (ASX:NWH), which […]

Strong US lead to see Australia: S&P/ASX 200 (.AXJO) open high today

Strong US lead to see Australia: S&P/ASX 200 (.AXJO) open high today

Strong US lead to see Australia: S&P/ASX 200 (.AXJO) open high today The interest today will turn to local retail sales data today, as traders prepare for tomorrow’s RBA meeting. And on a global front, though it’s unlikely to be anywhere near as significant as last week, traders will be positioning for another busy week […]

Australian Dollar: USD/AUD (AUD=X) this week features the RBA rate decision and retail sales

Australian Dollar: USD/AUD (AUD=X) this week features the RBA rate decision and retail sales

Australian Dollar: USD/AUD (AUD=X) this week features the RBA rate decision and retail sales AUD/USD sparkled last week, jumping 1.3 percent. This was the pair’s best week since early September. This week features the RBA rate decision and retail sales. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. Australian CPI came in […]

Australian Dollar: USD/AUD (AUD=X) could be on the cusp of a bearish reversal

Australian Dollar: USD/AUD (AUD=X) could be on the cusp of a bearish reversal

Australian Dollar: USD/AUD (AUD=X) could be on the cusp of a bearish reversal The Australian Dollar has enjoyed an impressive rally throughout October with both AUD/USD and AUD/JPY climbing roughly 2%. The technical outlook for AUD price action turns less sanguine, however, as the Aussie pivots lower after touching a major level of confluent resistance. […]

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

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

Australia: S&P/ASX 200 (.AXJO) Expected to Open Lower Dragged lower by weakness in banking stocks, Australian shares recorded their first back to back decline in two weeks on Thursday. The benchmark S&P/ASX 200 Index slid 26.1 points, or 0.4 per cent, to close at 6663.4, bucking the positive lead provided by Wall Street after the […]

The Australian Dollar: USD/AUD (AUD=X) and New Zealand dollars trading higher on the back of risk appetite

The Australian Dollar: USD/AUD (AUD=X) and New Zealand dollars trading higher on the back of risk appetite

The Australian Dollar: USD/AUD (AUD=X) and New Zealand dollars trading higher on the back of risk appetite The Australian and New Zealand dollars traded higher on the back of risk appetite. Data from Australia was also good with price pressures rising slightly in the third quarter. On a quarterly basis, CPI rose 0.5%, which was in […]

Australia: S&P/ASX 200 (.AXJO) economic data events combined to knock the local market lower

Australia: S&P/ASX 200 (.AXJO) economic data events combined to knock the local market lower

Australia: S&P/ASX 200 (.AXJO) economic data events combined to knock the local market lower The longest rally in Australian shares in over two years came to abrupt end on Wednesday as reduced rate cut bets from the RBA, uncertainty over progress in US-China trade negations and caution ahead of several key central bank and economic […]

Australian Dollar: USD/AUD (AUD=X) Advances On Weak US Consumer Confidence & Despite A Dovish Dr Lowe

Australian Dollar: USD/AUD (AUD=X) Advances On Weak US Consumer Confidence & Despite A Dovish Dr Lowe

Australian Dollar: USD/AUD (AUD=X) Advances On Weak US Consumer Confidence & Despite A Dovish Dr Lowe Australian CPI is released each quarter, magnifying the impact of each release. The indicator posted a gain of 0.6% in the second quarter, but is expected to tick lower to 0.5% in Q3. A reading which misses the forecast […]

Australian Dollar: USD/AUD (AUD=X) resistance at 6833

Australian Dollar: USD/AUD (AUD=X) resistance at 6833

Australian Dollar: USD/AUD (AUD=X) resistance at 6833 Aussie is approaching near-term uptrend support at 6801/09. Initial resistance at 6833 backed by 6854- breach there is needed to mark resumption. A downside break threatens a larger correction with such a scenario 6777. Technical Indicators Overall, the bias in prices is: Sideways. The projected upper bound is: 0.69. The projected lower bound […]

Australia: S&P/ASX 200 (.AXJO) pointing to an early bounce

Australia: S&P/ASX 200 (.AXJO) pointing to an early bounce

Australia: S&P/ASX 200 (.AXJO) pointing to an early bounce The Australian share market has given up nearly all of its early gains, just barely extending its winning streak to six days ahead of busy week for economic data. After being up by as many as 27 points in the morning, the benchmark S&P/ASX200 index finished […]

Australian Dollar: USD/AUD (AUD=X) this week features CPI and Chinese manufacturing PMIs

Australian Dollar: USD/AUD (AUD=X) this week features CPI and Chinese manufacturing PMIs

Australian Dollar: USD/AUD (AUD=X) this week features CPI and Chinese manufacturing PMIs AUD/USD climbed to 6-week highs early last week, but was unable to consolidate and lost ground last week. This week features CPI and Chinese manufacturing PMIs. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. There were no major Australian […]

Australia: S&P/ASX 200 (.AXJO) Expected to Rise at Open

Australia: S&P/ASX 200 (.AXJO) Expected to Rise at Open

Australia: S&P/ASX 200 (.AXJO) Expected to Rise at Open Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 6,620.49. The projected upper bound is: 6,836.20. The projected lower bound is: 6,562.42. The projected closing price is: 6,699.31. Candlesticks A white body occurred (because prices closed higher than […]

Australian Dollar: USD/AUD (AUD=X) Looks as if we are going to continue to fall

Australian Dollar: USD/AUD (AUD=X) Looks as if we are going to continue to fall

Australian Dollar: USD/AUD (AUD=X) Looks as if we are going to continue to fall The Australian dollar initially try to rally during the training session on Thursday but then felt to break down below the bottom of the hammer that had formed during the previous day. That being said, it looks as if we are […]

Australian Dollar: USD/AUD (AUD=X) domestic fundamentals to dominate over the next year

Australian Dollar: USD/AUD (AUD=X) domestic fundamentals to dominate over the next year

Australian Dollar: USD/AUD (AUD=X) domestic fundamentals to dominate over the next year The Australian Dollar was softer across the board Wednesday as the U.S. greenback stabilised and optimism about progress in the Brexit process ebbed, leading one trader to tip more losses in the short-term, but institutional views on the outlook for the Aussie do […]

Australia: S&P/ASX 200 (.AXJO) stocks are tipped to make a steady start after a mixed night on Wall Street

Australia: S&P/ASX 200 (.AXJO) stocks are tipped to make a steady start after a mixed night on Wall Street

Australia: S&P/ASX 200 (.AXJO) stocks are tipped to make a steady start after a mixed night on Wall Street Australia stocks were higher after the close on Tuesday, as gains in the Materials, Metals & Mining and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.30%. The best performers […]

Australian Dollar: USD/AUD (AUD=X) In the Green

Australian Dollar: USD/AUD (AUD=X) In the Green

Australian Dollar: USD/AUD (AUD=X) In the Green Last week, Aussie and Kiwi Dollar corrected higher against US Dollar. On Friday, AUD/USD closed the weekly candlestick with a 0.9% gain. Meanwhile, NZD/USD ended the weekly session with nearly 0.8% gain. Alongside this, the relative Strength Index (RSI) crossed above 50 reflecting the end of the downtrend […]

Australia: S&P/ASX 200 (.AXJO) staggers out of red as Treasury Wine weighs on market

Australia: S&P/ASX 200 (.AXJO) staggers out of red as Treasury Wine weighs on market

Australia: S&P/ASX 200 (.AXJO) staggers out of red as Treasury Wine weighs on market Michael Clarke’s surprise decision to resign as chief executive of Treasury Wine had a powerful impact on the broader Australian stock market on Monday as investors just barely pushed the benchmark index into positive territory. The news from Treasury sparked a 12 […]

Australian Dollar: USD/AUD (AUD=X) enjoys fourth day of gains amid risk-on mood in global markets

Australian Dollar: USD/AUD (AUD=X) enjoys fourth day of gains amid risk-on mood in global markets

Australian Dollar: USD/AUD (AUD=X) enjoys fourth day of gains amid risk-on mood in global markets The Australian Dollar climbed for a fourth consecutive session Monday as an upbeat mood in global markets continued to lift risk assets but analysts are divided over the outlook, with some telling clients the antipodean unit’s rally could soon fizzle out […]

Australia: S&P/ASX 200 (.AXJO) set to dip slightly with a big week for US corporate earnings and global economic data ahead

Australia: S&P/ASX 200 (.AXJO) set to dip slightly with a big week for US corporate earnings and global economic data ahead

Australia: S&P/ASX 200 (.AXJO) set to dip slightly with a big week for US corporate earnings and global economic data ahead Australian shares are set to dip slightly with a big week for US corporate earnings and global economic data ahead. Investors are in for another busy week of corporate earnings, including McDonald’s on Tuesday, […]

Australian Dollar: USD/AUD (AUD=X) Could Wilt if Brexit Delayed, Growth Risks Hang

Australian Dollar: USD/AUD (AUD=X) Could Wilt if Brexit Delayed, Growth Risks Hang

Australian Dollar: USD/AUD (AUD=X) Could Wilt if Brexit Delayed, Growth Risks Hang The Australian Dollar spent most of last week rallying against major currencies such as the US Dollar and Japanese Yen but underperformed against the British Pound. Domestically, it could thank a drop in Australian unemployment which almost entirely took off bets of a November RBA rate cut. Meanwhile, hopes of a Brexit deal […]

Australia: S&P/ASX 200 (.AXJO) shares set for soft open ahead of China data

Australia: S&P/ASX 200 (.AXJO) shares set for soft open ahead of China data

Australia: S&P/ASX 200 (.AXJO) shares set for soft open ahead of China data Australian shares are expected to open slightly lower on Friday, as investors will likely exercise caution ahead of growth data from the country’s biggest trade partner, China. Mining heavyweights such as BHP Group and Rio Tinto are likely to be pressured due […]

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

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

Australian Dollar: USD/AUD (AUD=X) launches higher The Australian dollar launched higher during the trading session on Thursday, breaking above the 50 day EMA in a relatively strong sign for the Aussie. However, at the end of the day we still have significant headwinds above and from a fundamental standpoint. The Australian dollar has rallied rather significantly during […]

Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains

Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains

Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains The S&P/ASX 200 enjoyed a bullish session that saw the index gain 84.5 points to rise 1.3 per cent to a two-week high of 6736.5. Volumes were high at 609 million and the session ended with just 29 companies in the red. The most points […]

Australian Dollar: USD/AUD (AUD=X) Sellers may come back

Australian Dollar: USD/AUD (AUD=X) Sellers may come back

Australian Dollar: USD/AUD (AUD=X) Sellers may come back Last week, US Dollar softened slightly against Australian and New Zealand Dollars. On Friday, AUD/USD closed in the green with a 0.3% gain. Meanwhile, NZD/USD closed with nearly 0.4% gain. However, since Monday sellers resumed pressing the price to the downside, hinting to a possible continuation of bearish price action. The relative […]

Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit

Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit

Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit The Australian share market has finished a touch higher despite stocks of media companies and retailers taking a hit amid reports their businesses are suffering. The benchmark S&P/ASX200 index finished Tuesday up 9.4 points, or 0.14 per cent, to 6,652 […]

Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value

Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value

Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value The Australian dollar has pulled back to fair value during the trading session on Monday as we continue to see a lot of noise when it comes to the US/China trade talks, essentially going nowhere as expected. Unfortunate for Australia, the Australian dollar is highly sensitive […]

Australia: S&P/ASX 200 (.AXJO) gains on truce in US-China trade war

Australia: S&P/ASX 200 (.AXJO) gains on truce in US-China trade war

Australia: S&P/ASX 200 (.AXJO) gains on truce in US-China trade war The Australian share market has closed higher for a third day, playing catch-up after the US and China struck a truce on tariffs after Friday’s close. The benchmark S&P/ASX200 index rallied hard at the open but then gave up half of its gains later […]

Under-pressure Australian banks face fresh inquiry

Under-pressure Australian banks face fresh inquiry

Australia on Monday announced the country’s consumer watchdog would investigate mortgage pricing after the country’s largest banks refused to pass on recent interest rate cuts in full. The central bank’s official cash rate has been lowered three times this year amid fears about the flagging domestic economy and now stands at a record low of […]

Australian Dollar: USD/AUD (AUD=X) upward momentum builds

Australian Dollar: USD/AUD (AUD=X) upward momentum builds

Australian Dollar: USD/AUD (AUD=X) upward momentum builds AUD/USD briefly eclipsed its downward sloping trendline after jumping above its 50-day SMA early during Friday’s trading session. I noted earlier that the Australian Dollar hinged on US-China trade talks and progress made by the US and China this week toward reaching a trade deal (deemed a phase 1 trade agreement by […]

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

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

Australian Dollar: USD/AUD (AUD=X) tumble amid risk aversion Risk aversion is kicking in at the onset of Thursday’s Asia Pacific trading session. The sentiment-linked Australian and New Zealand Dollars are falling alongside S&P 500 and Nikkei 225 futures. Meanwhile, the anti-risk Japanese Yen and similarly-behaving Swiss Franc are outperforming against their major counterparts. The souring in market mood can be traced […]

Australia: S&P/ASX 200 (.AXJO) Wild day ends flat

Australia: S&P/ASX 200 (.AXJO) Wild day ends flat

Australia: S&P/ASX 200 (.AXJO) Wild day ends flat Australian shares endured a wild ride on Thursday, gyrating throughout the session as a swathe of conflicting headlines relating to trade talks between the United States and China saw sentiment change in the blink of an eye. After three trips into negative territory and two ventures into […]

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 are set to open higher on renewed optimism for the pending high-level trade talks in Washington between the US and China. ASX futures were up 46 points or 0.7% to 6560 near 6am AEDT. The currency was little changed. China was still open to agreeing […]

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal The recent rebound in AUD/USD continues to unravel as China signaled it would retaliate against the Trump administration for blacklisting 8 tech companies, with China’s Foreign Ministry spokesman, Geng Shuang, urging the US to “immediately correct its mistake, withdraw the relevant decision and stop interfering […]

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks US-China trade relations have been at a standstill since mid-September when it seemed Sino-American tensions were thawing amid “gestures of good will” from both parties. With a lack of adverse updates on the trade war between Washington and […]

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise The Australian share market has posted gains across the board after jobs figures from the US reassured traders that the world’s largest economy wasn’t on the brink of recession after all. The benchmark S&P/ASX200 index closed Monday up 46.5 points, or 0.71 per cent, to 6,563.6 […]

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X)

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X)

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X) The week has started on a down note, as Australia’s AIG Construction Index dropped to 42.6 in September, down from 44.6 a month earlier. The index has been mired in contraction territory (below the 50-level) for 13 successive months, as the construction sector continues to struggle. […]

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June The RBA remains busy, as policymakers lowered rates for the third time since June. The Aussie lost ground after the move, but recovered late in the week. Building Approvals declined 1.1%, marking a third successive decline. Retail sales […]

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures AUD/USD is recovering after trading weaker early on Thursday following the release of trade balance and services PMI figures. At the time of writing, AUD/USD is trading at around 0.6719. According to data released by Markit earlier today, the Australian […]

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows It’s been a rough year of 2019 for the Australian Dollar, and this extends a down-trend that’s been in-effect in AUD/USD since early-2018. Coming into the New Year, AUD/USD showed a ‘flash crash’ to slalom down to a low of .6744; but as risk aversion took a hiatus on the […]

Australia: S&P/ASX 200 (.AXJO) falls 1.5 per cent

Australia: S&P/ASX 200 (.AXJO) falls 1.5 per cent

Australia: S&P/ASX 200 (.AXJO) falls 1.5 per cent Fears of a recession in the United States and lower expectations of global trade pushed the Australian share market down by more than 100 points to close 1.5 per cent lower at 6639.9 points on Wednesday.  The index opened at 6742.8 and ended the day with 180 […]

Australia: S&P/ASX 200 (.AXJO) set for heavy falls

Australia: S&P/ASX 200 (.AXJO) set for heavy falls

Australia: S&P/ASX 200 (.AXJO) set for heavy falls The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed US factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the US-China trade war is hobbling the world’s largest economy. The slide […]

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure The Australian Dollar is finding itself under pressure against the US Dollar as it attempts to push through the March 2009 low again. This is ahead of the October Reserve Bank of Australia interest rate announcement, which could produce monetary-policy-based volatility in the currency as markets widely anticipate a cut. Will support hold? On […]

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year The RBA will kick off the fourth quarter of the year with its October interest rate decision slated for Tuesday at 4:30 GMT and brings Australian Dollar currency pairs into focus. The previous RBA monetary policy statement noted that […]

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week Monday. On Monday Nufarm Limited (ASX: NUF) shares will be on watch when it releases its full year results. A weak result is expected from the agricultural chemicals company, so all eyes will be on its guidance for FY 2020. The market is currently expecting a 19% […]

Australia: S&P/ASX 200 (.AXJO) down driven by large falls in utility, communications, energy and healthcare stocks

Australia: S&P/ASX 200 (.AXJO) down driven by large falls in utility, communications, energy and healthcare stocks

Australia: S&P/ASX 200 (.AXJO) down driven by large falls in utility, communications, energy and healthcare stocks Third day of losses driven by large falls in utility, communications, energy and healthcare stocks, Australian shares declined for a third consecutive session on Thursday, ignoring a strong lead from Wall Street sparked by renewed optimism over the prospects […]

Australian Dollar: USD/AUD (AUD=X) faces losses over coming days

Australian Dollar: USD/AUD (AUD=X) faces losses over coming days

Australian Dollar: USD/AUD (AUD=X) faces losses over coming days The Australian Dollar crept higher against many rivals in the morning session Thursday but is being tipped as vulnerable to fresh losses over the coming days, with strategists at Westpac saying the market is unprepared for a likely Reserve Bank of Australia (RBA) interest rate cut next week.  Reserve Bank of Australia Governor […]

Australian Dollar: USD/AUD (AUD=X) Sellers Drive into Support

Australian Dollar: USD/AUD (AUD=X) Sellers Drive into Support

Australian Dollar: USD/AUD (AUD=X) Sellers Drive into Support The late-Q3 impasse in the US Dollar continues to hold as the Greenback remains in a range despite a number of big drivers showing over the last couple of weeks. The European Central Bank rate decision and announcement of stimulus was unable to do it, as was the FOMC rate […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to rise On Wednesday the S&P/ASX 200 index came under pressure and tumbled lower due to a combination of trade war and impeachment concerns. The index finished the day 0.6% lower at 6,710.2 points. Will the local share market be able to bounce back from this on Thursday? Here are […]

Australian Dollar: USD/AUD (AUD=X) Trading Lower

Australian Dollar: USD/AUD (AUD=X) Trading Lower

Australian Dollar: USD/AUD (AUD=X) Trading Lower Looking at the daily chart, we notice on Sep 19 AUD/USD declined to a lower trading zone 0.6826 – 0.6904 eyeing a test of the low end of it. Thus, a close below the low end could see further bearish move towards 0.6631. However, the weekly support area and […]

Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade

Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade

Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade All the big banks rose, with ANZ up 1.3 per cent to $28.28, Westpac up 0.4 per cent to $29.92, NAB up 0.6 per cent to also close at $29.92, and Commonwealth up 0.1 per cent to $82.10. In the materials […]

Australian Dollar: USD/AUD (AUD=X) weakness beyond 6815 would suggest a larger correction is underway

Australian Dollar: USD/AUD (AUD=X) weakness beyond 6815 would suggest a larger correction is underway

Australian Dollar: USD/AUD (AUD=X) weakness beyond 6815 would suggest a larger correction is underway The Australian Dollar is down nearly 2% off the monthly highs against the US Dollar with the decline testing the first major daily support zone early in the week. These are the updated targets and invalidation levels that matter on the AUD/USD charts. In my last Australian Dollar […]

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report AUD/USD recorded sharp losses last week, with a decline of 1.7%. It was the Aussie’s worst week since mid-July. There are only two events in the upcoming week. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. The Australian dollar continued to post […]

Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus

Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus

Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus Bullish momentum continues for the ASX 200, which records a 4th consecutive weekly gain. Subsequently, the index is now testing the 6760-70 resistance zone, which has curbed futures upside for now. Eyes will be on RBA Governor Lowe, which may be key in breaking topside resistance […]

Rio Tinto’s (NYSE:RIO) Argyle Diamonds Go on Tour

Rio Tinto’s (NYSE:RIO) Argyle Diamonds Go on Tour

$RIO Rio Tinto (NYSE:RIO) announced that its iconic Argyle Pink Diamonds Tender is being showcased in Singapore this week. The mining giant said that headlining the 2019 collection of 64 pink and red diamonds is Lot 1 with the 1.75-carat Argyle Enigma, a modified radiant fancy red diamond. “With an unrivalled potency of colour the […]

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising The Australian Dollar was crushed Thursday in the wake of an August jobs report that showed the unemployment rate rising, which is tipped by Wesptac to incite further interest rate cuts from the Reserve Bank of Australia (RBA) and a return to a decade-long low by the antipodean […]

Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates

Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates

Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates The Australian share market has had its best day in two weeks, with most sectors posting gains after the US Federal Reserve cut a key interest rate. The benchmark S&P/ASX200 index closed Thursday up 35.9 points, or 0.54 per cent, to 6,717.5 points. The […]

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil The benchmark S&P/ASX200 index closed on Wednesday down 13.7 points, or 0.2 per cent, to 6,681.6 points, while the broader All Ordinaries was down 10.5 points, or 0.15 per cent, to 6,791.2 points. Shayne Heffernan, Founder and CEO of Heffx […]

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed Continued attempts for the Australian Dollar to US Dollar (AUD/USD) exchange rate to recover from its weekly lows have been limited, as the pair still trended just slightly above those lows at the time of writing on Wednesday afternoon. Investors remained hesitant to buy the […]

Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting

Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting

Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting Australian shares were subdued on Tuesday, as markets trod cautiously in the wake of heightened tensions in the Middle East and ahead of the U.S. Federal Reserve’s policy meeting this week. The S&P/ASX 200 index declined 0.1% or 8.2 points to […]

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC The Australian Dollar is virtually unchanged against the US Dollar since the start of the week and heading into tomorrow FOMC interest rate decision, the focus is on a break of the objective weekly opening-range for guidance. These are the updated targets and invalidation levels that matter on the AUD/USD price chart.  […]

Australia Travel Tips: How to kick start your adventure

Australia Travel Tips: How to kick start your adventure

Australia Travel Tips: How to kick start your adventure Travelling to Australia? These tips will set you on the right track to an unforgettable experience. With its magnificent coasts, outback, islands and cities, there’s no doubt that the diversity of Australia is breathtaking. Luckily, planning a trip to this continent doesn’t have to be difficult. With the […]

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East The Australian Dollar remained focused like most markets on rising crude prices following last weekend’s drone strike on crucial Saudi infrastructure and failed to move much on news that both Chinese industrial production and retail sales had missed forecasts. August’s industrial production rose by 4.4% on the year. That […]

Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses”

Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses”

Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses” The Australian share market has finished marginally higher as gains by oil companies and goldminers outweighed declines elsewhere in the wake of a drone attack on two Saudi Arabian oil facilities. The benchmark S&P/ASX200 index closed on Monday up 4.3 […]

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