Australia Speaks Up About The Trade War and Defends The Principle of International Law

Australia Speaks Up About The Trade War and Defends The Principle of  International Law

Australia’s prime minister yesterday urged nations in Asia to stand up for their ‘independence and sovereignty, with tensions high in the disputed South China Sea where Beijing is under fire for increasingly bullish behaviour. Scott Morrison’s comments came after the United States slammed China for its ‘escalation in the waterway, a key global shipping route […]

Australia Elects Each State To Manage Their Own Renewable Energy

Australia Elects Each State To Manage Their Own Renewable Energy

Australia’s primary federal renewable energy target – to have33 terawatts of renewable energy by 2020– has essentially been achieved. There is much uncertainty as to what is next. In the absence of a new national target, the states have been leading the way and driving renewable energy in Australia. Victoria, New South Wales and Queensland […]

Cricket Safety Measures Increase as Australian Player Drops

Cricket Safety Measures Increase as Australian Player Drops

Compulsory neck guards on helmets for Australian cricketers are “not far away”, the national team’s medical chief said on Monday after a sickening blow felled Steve Smith during the second Ashes Test. Australia have been at the forefront of pressing for better safety measures after the death of Phillip Hughes, who was hit on the […]

Eating Disorders Surveyed In Australia

Eating Disorders Surveyed In Australia

Last week, federal health minister Greg Hunt announced that more than 60,000 Australians will be asked about their mental health and well-being as part of the intergenerational Health and Mental Health Study. The mental health survey will be run in 2020, with new data on how common mental illness is due the year after. This […]

Australian Treasurer Issues Financial Sector’s Reform Timetable

Australian Treasurer Issues Financial Sector’s Reform Timetable

Treasurer Josh Frydenberg has issued a timetable for the government’s dealing with the recommendations from the royal commission into banking, superannuation and financial services, which aims to have all measures needing legislation introduced by the end of next year. The opposition has accused the government of dragging its feet on putting into effect the results […]

Australia Faces Massive Devaluation

Australia Faces Massive Devaluation

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. However, the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside. In most advanced economies, […]

Australian Bloodstock Secure Melbourne Cup Hopeful

Australian Bloodstock Secure Melbourne Cup Hopeful

A horse rated one of the better older stayers in Ireland has figured in a sale to Australian interests and will be set for a spring Cups campaign. Prominent syndicator Australian Bloodstock has bought a controlling interest in Mustajeer, a seven-year-old to southern hemisphere time who has been sparingly raced for his age. Mustajeer has […]

Australian Dollar: USD/AUD (AUD=X) neutral candle forming

Australian Dollar: USD/AUD (AUD=X) neutral candle forming

Australian Dollar: USD/AUD (AUD=X) neutral candle forming The Australian dollar has gone back and forth during the trading session on Thursday, in an obvious neutral candle. With that neutral candle forming, it shows that we are at least trying to find some type a bottom. The 0.68 level is large and looming on the longer-term charts […]

Australia: S&P/ASX 200 (.AXJO) pointing to a fall in the ASX at the start of trade

Australia: S&P/ASX 200 (.AXJO) pointing to a fall in the ASX at the start of trade

Australia: S&P/ASX 200 (.AXJO) pointing to a fall in the ASX at the start of trade The Aussie dollar has sunk to its lowest level against its US counterpart in a decade, and the Australian sharemarket has also finished lower, after the US Federal Reserve said its interest rate cut is unlikely to be the […]

Australian Dollar: USD/AUD (AUD=X) needs to find support

Australian Dollar: USD/AUD (AUD=X) needs to find support

Australian Dollar: USD/AUD (AUD=X) needs to find support The Australian dollar initially tried to rally during the trading session on Wednesday, slamming into the 0.69 level. This is an area that obviously will attract a lot of attention, but I think the 0.6850 level underneath is going to continue to be support, extending down to the […]

Australia: S&P/ASX 200 (.AXJO) has pulled back from its record highs despite gains for the energy sector

Australia: S&P/ASX 200 (.AXJO) has pulled back from its record highs despite gains for the energy sector

Australia: S&P/ASX 200 (.AXJO) has pulled back from its record highs despite gains for the energy sector The Australian sharemarket has pulled back from its record highs despite gains for the energy sector. The benchmark S&P-ASX 200 index finished down 32.5 points to 6,812.6 points on Wednesday, while the all ordinaries closed down 31.6 points […]

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data The Australian Dollar is edging lower against the U.S. Dollar on Tuesday. Some of the selling pressure is in reaction to weaker-than-expected domestic economic data released earlier in the session. Australian Building Approvals came in at -1.2%, below the 0.2% forecast. […]

Australia: S&P/ASX 200 (.AXJO) hits new all-time high

Australia: S&P/ASX 200 (.AXJO) hits new all-time high

Australia: S&P/ASX 200 (.AXJO) hits new all-time high The Australian share market’s benchmark index has hit an all-time high after the S&P/ASX200 broke through the record mark last reached more than 11 years ago. The index surged past its November 1, 2007 high of 6,851.5 points at 1009 AEST on Tuesday and peaked 20 minutes […]

Australia: S&P/ASX 200 (.AXJO) share market breached its record closing high

Australia: S&P/ASX 200 (.AXJO) share market breached its record closing high

Australia: S&P/ASX 200 (.AXJO) share market breached its record closing high The Australian share market breached its record closing high, set before the global financial crisis (GFC) smashed stock values. However, the ASX 200 was unable to sustain its new record for very long. The benchmark index closed 0.5 per cent higher at 6,825.8 — […]

Australian Dollar: USD/AUD (AUD=X) now looks like it is going to make a serious play to break down below the 0.69 handle

Australian Dollar: USD/AUD (AUD=X) now looks like it is going to make a serious play to break down below the 0.69 handle

Australian Dollar: USD/AUD (AUD=X) now looks like it is going to make a serious play to break down below the 0.69 handle The Australian dollar has tried to rally during the trading session on Monday but gave back most of the gains early in trading and now looks like it is going to make a serious […]

Australia: S&P/ASX 200 (.AXJO) set to open up after a record-breaking week

Australia: S&P/ASX 200 (.AXJO) set to open up after a record-breaking week

Australia: S&P/ASX 200 (.AXJO) set to open up after a record-breaking week Australian shares are set to open up after a record-breaking week on markets and as a big US Federal Reserve decision is set to come. SPI futures were up 19 points to 6750. The Australian dollar was down 0.6 per cent to 69.08 […]

Australian Dollar: USD/AUD (AUD=X) focus will be on Australian CPI and retail sales

Australian Dollar: USD/AUD (AUD=X) focus will be on Australian CPI and retail sales

Australian Dollar: USD/AUD (AUD=X) focus will be on Australian CPI and retail sales In the U.S., durable goods orders rebounded nicely in June. The headline reading gained 2.0%, crushing the estimate of 0.8%. Core durable goods orders jumped 1.2%, easily beating the estimate of 0.2%. The week wrapped up with Advance GDP for Q2, which […]

Australian Dollar: USD/AUD (AUD=X) near-term downtrend pauses on rising support ahead of RBA speech

Australian Dollar: USD/AUD (AUD=X) near-term downtrend pauses on rising support ahead of RBA speech

Australian Dollar: USD/AUD (AUD=X) near-term downtrend pauses on rising support ahead of RBA speech The past 24 hours were a choppy session, with varied performance in FX and equities ahead of key economic event risks such as the ECB and US GDP. Markets had to contend with mixed US earnings and data. While the S&P 500 ended the day 0.47% […]

Australia: S&P/ASX 200 (.AXJO) hits record high

Australia: S&P/ASX 200 (.AXJO) hits record high

Australia: S&P/ASX 200 (.AXJO) hits record high The Australian sharemarket has hit an all-time high after the all ordinaries broke through a record set more than 11 years ago. The index rose 25.2 points, or 0.4 per cent, to hit 6888.4 at 9.40am. The all ordinaries’ previous intra-day high of 6873.2 was reached on November […]

Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat

Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat

Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat The Australian Dollar was on its back foot Wednesday after being repelled from a key technical resistance barrier and as investors bet the Reserve Bank of Australia (RBA) will cut its interest rate again sooner rather than later, but multiple analysts are saying that further losses […]

Australia: S&P/ASX 200 (.AXJO) near record-high prices

Australia: S&P/ASX 200 (.AXJO) near record-high prices

Australia: S&P/ASX 200 (.AXJO) near record-high prices The S&P/ASX 200 has closed 0.7 per cent higher at 6776.7 points, despite iron ore stocks softening in the final two hours of trading. The All Ords has closed at a new record high of 6862.4 points, a one-day gain of 50 points. Rio Tinto ended today’s session at a […]

Australian Dollar: USD/AUD (AUD=X) snaps back to .7000 big figure

Australian Dollar: USD/AUD (AUD=X) snaps back to .7000 big figure

Australian Dollar: USD/AUD (AUD=X) snaps back to .7000 big figure On the side of USD-weakness, AUD/USD may remain of interest. As USD-weakness was pricing in aggressively around those comments from John Williams last week, AUD/USD flew up to fresh three-month-highs. As USD-strength has come back after the ‘clarification’ of those comments, AUD/USD has retraced around 50% of […]

Australia: S&P/ASX 200 (.AXJO) gains led by energy sector

Australia: S&P/ASX 200 (.AXJO) gains led by energy sector

Australia: S&P/ASX 200 (.AXJO) gains led by energy sector The Australian share market has finished broadly higher with all sectors posting gains. The benchmark S&P/ASX200 index was up 33.4 points, or 0.5 per cent, to 6,724.6 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 31.3 points, or 0.46 per cent, […]

Australia: S&P/ASX 200 (.AXJO) uncertainty returns to market

Australia: S&P/ASX 200 (.AXJO) uncertainty returns to market

Australia: S&P/ASX 200 (.AXJO) uncertainty returns to market The Australian share market has edged lower, with traders apparently feeling cautious on a number of fronts. The benchmark S&P-ASX 200 index finished down 9.1 points to 6691.2, while the all ordinaries was down five points to 6781.2 points. “I think we’ve definitely got uncertainty coming into […]

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade The Australian Dollar was primarily underpinned last week by expectations of lower U.S. interest rates. Early in the week, the Aussie dipped a little after minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting in July showed the central bank was ready […]

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact Versus the Australian Dollar, the Greenback is at a potential turning point. AUD/USD finds itself testing falling resistance from December after the psychological barrier between 0.70482 and 0.7022 was taken out. Though I am still awaiting technical confirmation to argue if the latter could translate into […]

Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week

Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week

Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week The Australian share market has rallied to end a mostly lacklustre week a tad higher than where it began, thanks to gold miners and the big banks. The benchmark S&P/ASX200 index finished up 51.2 points, or 0.77 per cent, to 6,700.3 points at 1615 […]

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

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

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

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

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

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates Australian shares closed lower on Thursday after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates in the short term. The S&P/ASX 200 Index fell 24.2 points, or […]

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

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

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates Australian shares ended a quiet day of trading higher on Wednesday as investors await an indication as to when the Reserve Bank of Australia will next cut rates. The S&P/ASX 200 Index firmed 32.3 points, […]

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting The Minutes released earlier today from the Reserve Bank of Australia’s last meeting on interest rates on July 2 said the central bank will cut interest rates again, “if needed.” “Lower interest rates would provide more […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst The Australian dollar has gone back and forth during the trading session on Thursday as Americans were away for Independence Day celebrations. That being said, we are at significant resistance so it’s not a huge surprise to see the market fail […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit?

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit?

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit? he AMA Group Ltd (ASX: AMA) share price has jumped to a record high this morning after the panel beating and automotive services group released a trading update. The AMA share price advanced around 3% to $1.29 at the time of writing, taking its gain to nearly […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Australian Dollar

Australian Dollar

As the Fed moves to cuts, the battle will now be joined with the RBA. We’ll need more stock market noise for the Fed to shift quickly to cuts but they are on the way, and the reserve bank of Australia looks its usual confused self around the Aussie outlook and which levers to pull, […]

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

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

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

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

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

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

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

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

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

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

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

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

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility The Australian Dollar is edging lower on Wednesday with the currency posting a tight trading range for a third straight session. The inside trading range suggests investor indecision and impending volatility. Perhaps capping gains are a flare up of concerns over an escalation of the trade […]

6 Foreign Desserts From Around The World

6 Foreign Desserts From Around The World

#1 Pavlova – Australia Made of whipped egg whites, it is a meringue dessert with a crisp crust and soft, light inside, usually topped with fruit and whipped cream. #2 Mango and Sticky Rice – Thailand Put together is fresh sliced mangoes, traditional sticky rice and sweet coconut cream. #3 Eclair – France Soft donut/croissant-like […]

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios I had charted this setup around last week’s open, largely looking for AUDUSD to grasp on to support after gapping-higher to start the week. A dovish RBA rate decision shortly after helped to push prices back down to support, quickly filling that gap; but […]

Australian Dollar: USD/AUD (AUD=X) light trading expected

Australian Dollar: USD/AUD (AUD=X) light trading expected

Australian Dollar: USD/AUD (AUD=X) light trading expected AUD/USD has posted slight losses in the Monday session. In North American trade, AUD/USD is trading at 0.6916, down 0.16% on the day. U.S markets are closed in the U.S. for the Memorial Day holiday, and there are no U.S. or Australian events on the calendar. On Tuesday, […]

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike Fed Fund futures are currently pricing in 50% chance of a cut in September and a full 25 basis-point cut by December. Traders are also looking for another rate cut for next year. As the trade war drags […]

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness The Australian dollar can’t find a way out of the darkness. The AUD has been falling since January 2019 and it seems that the situation only worsens. Let’s see what factors will affect the currency in the middle term. On the daily chart of AUD/USD, […]

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower AUD/USD has posted small losses on Wednesday. Currently, the pair is trading at 0.6875, down 0.12% on the day. On the release front, Australian indicators pointed lower. The MI Leading Index dropped 0.1%, while the Construction Index declined 1.9%, much weaker than the estimate of a 0.1% gain. […]

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level The Australian dollar fell hard during the trading session on Tuesday, breaking down to the gap, showing extreme negativity. Quite frankly at this point I would be hesitant to buy this market, at least after what we have seen over the last 24 hours or so. […]

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains The Australian Dollar was riding high at the top of the G10 league table Monday following a surprise win for the coalition government in Sunday’s general election, although analysts are saying that gains for the Antipodean currency could prove short-lived. Australia’s Liberal Party […]

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon Australia’s dollar jumped at the market open after the nation’s center-right government clung to power in a surprise election victory at the weekend. The Aussie was indicated 0.8 percent stronger in early trading at 69.26 […]

Far Left Labour Party Sees Huge Loss in Australia

Far Left Labour Party Sees Huge Loss in Australia

FLASH: The conservatives aka the Liberal party in Australia pulled off a stunning upset in the national elections Saturday. The leader of Australia’s opposition Labor Party, Bill Shorten, has accepted defeat in a shock result for the country’s federal elections. The ruling centre-right coalition led by Prime Minister Scott Morrison looks set to return to […]

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