Friday’s World Markets: Asia-Pacific

Friday’s World Markets: Asia-Pacific

Hong Kong stocks slipped Friday to end the week lower, as risk-averse sentiment strengthened on continued spread of the coronavirus with infections surpassing 1-M globally. At the close of trade, the Hang Seng index was down 43.95 points, or 0.19%, at 23,236.11. The Hang Seng China Enterprises index fell 0.37% to 9,491.1.The sub-index of the […]

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

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

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

Thursday’s World Stock Markets Update: Asia and Oceania

Thursday’s World Stock Markets Update: Asia and Oceania

Asian share markets were down Thursday, clouded by the rising US coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims. With hopes growing that the worst of the outbreak may have passed for China and SKorea, the […]

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

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

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

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

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

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

Wednesday’s World Markets: Asia and Oceania

Wednesday’s World Markets: Asia and Oceania

Asian equities recorded their biggest foreign outflow in at least 12 years in March, hit by the coronavirus pandemic and its impact on businesses across the region, with most factories shuttered to contain its spread. The S&P/ASX 200 index finished 3.6% higher at 5,258.60, recovering from the benchmark’s 2.02% fall Tuesday. The benchmark closed at […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Thursday’s World Markets: Asia and Oceania

Thursday’s World Markets: Asia and Oceania

Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases […]

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

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

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

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

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

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

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

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

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

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

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

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

Tuesday’s World Markets: Asia, Oceania and EU

Tuesday’s World Markets: Asia, Oceania and EU

Just in: S&P 500 futures Vs fair value: +108.60. NAS Comp futures Vs fair value: +352.30. $SPY $QQQ Most Southeast Asian stock markets rebounded on Tuesday as global and regional stimulus measures to stem the financial impact of the coronavirus pandemic lifted investor sentiment, while Thailand prepared to enter a month-long emergency. Thai shares gained […]

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

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

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

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

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

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

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

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

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

Wednesday’s World Markets: Asia and Oceania

Wednesday’s World Markets: Asia and Oceania

Japanese stocks advanced Wednesday after Wall Street staged a strong rebound as policymakers across the world cobbled together packages to counter the severe restrictions on various regular activities aiming at slowing the spread of the coronavirus. Australian shares are set to open slightly lower on Wednesday as unnerved investors took note of the US Fed […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

F1: Ferrari (NYSE:RACE) says Seb Vettel’s Engine Shutdown During Last Week’s Testing Not an Issue

F1: Ferrari (NYSE:RACE) says Seb Vettel’s Engine Shutdown During Last Week’s Testing Not an Issue

$RACE Ferrari (NYSE:RACE) have gotten to the bottom of Sebastian Vettel’s engine problem at the 1st pre-season F1 test in Spain last week and are not worried about it, the team said Monday. The Scuderia spokesman said the engine was stripped and checked back at their Maranello factory after the failure at the Circuit de […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Australian Dollar: USD/AUD (AUD=X) volatility expected

Australian Dollar: USD/AUD (AUD=X) volatility expected

Australian Dollar: USD/AUD (AUD=X) volatility expected Currency volatility expected in the Australian Dollar is at extremes ahead of the upcoming interest rate decision from the Reserve Bank of Australia (RBA). The RBA is due to release its latest monetary policy update on Tuesday, February 04 at 3:30 GMT and has correspondingly pushed Australian Dollar overnight […]

Australia: S&P/ASX 200 (.AXJO) Investors are bracing for the worst day for Australian shares this year

Australia: S&P/ASX 200 (.AXJO) Investors are bracing for the worst day for Australian shares this year

Australia: S&P/ASX 200 (.AXJO) Investors are bracing for the worst day for Australian shares this year Investors are bracing for the worst day for Australian shares this year, on escalating fears about the damage to economic growth from the deadly coronavirus. China said on Sunday the death toll from the virus had risen to 304, […]

Australian Dollar: USD/AUD (AUD=X) Trying To Find Support

Australian Dollar: USD/AUD (AUD=X) Trying To Find Support

Australian Dollar: USD/AUD (AUD=X) Trying To Find Support The Australian dollar has fallen rather hard during the trading session on Friday, attacking the 0.67 handle. This is an area that should be important though, because it is the top of the consolidation from the global financial crisis over a decade ago. The market also has […]

Australia: S&P/ASX 200 (.AXJO) – The day ahead

Australia: S&P/ASX 200 (.AXJO) – The day ahead

Australia: S&P/ASX 200 (.AXJO) – The day ahead Today is the deadline for ASX companies to lodge their quarterly reports, hence the bourse will be full of these today. In economic data, the RBA will release its statistics on private sector credit, while the Australian Bureau of Statistics will release its Producer Price Index (PPI). […]

Australian Dollar: USD/AUD (AUD=X) dangerously close to a major support level

Australian Dollar: USD/AUD (AUD=X) dangerously close to a major support level

Australian Dollar: USD/AUD (AUD=X) dangerously close to a major support level The Australian dollar initially tried to rally during the trading session on Wednesday but gave back quite a bit of the gains heading towards the FOMC statement. Ultimately though, we are getting dangerously close to a major support level in the form of the […]

Australia: S&P/ASX 200 (.AXJO) managed to take back part of its coronavirus-related losses

Australia: S&P/ASX 200 (.AXJO) managed to take back part of its coronavirus-related losses

Australia: S&P/ASX 200 (.AXJO) managed to take back part of its coronavirus-related losses The sharemarket managed to take back part of its coronavirus-related losses on Wednesday amid further efforts to control its spread even as Treasury Wine Estates lost a quarter of its value. The S&P/ASX 200 Index firmed 37 points, or 0.5 per cent, […]

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

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

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion The Australian dollar initially tried to rally during the trading session on Wednesday but gave back quite a bit of the gains heading towards the FOMC statement. Ultimately though, we are getting dangerously close to a major support level in the form of the 0.67 level which […]

Australia: S&P/ASX 200 (.AXJO) shares are set to recoup some

Australia: S&P/ASX 200 (.AXJO) shares are set to recoup some

Australia: S&P/ASX 200 (.AXJO) shares are set to recoup some Australian shares are set to recoup some of Tuesday’s losses at the open as China expands its effort to contain the coronavirus. Equities in both Europe and on Wall Street are rebounding. ASX futures were up 42 points or 0.6% to 6981 near 4.45am AEDT. […]

Australian Dollar: USD/AUD (AUD=X) finding support

Australian Dollar: USD/AUD (AUD=X) finding support

Australian Dollar: USD/AUD (AUD=X) finding support The Australian dollar has broken down significantly during the trading session on Tuesday, even slicing below the 0.6750 level. However, we have seen some buying just below there so I believe that there is significant support between here and the 0.67 handle, so it’s very likely that the Australian […]

Australia: S&P/ASX 200 (.AXJO) poised to follow Wall Street when it resumes trading this morning

Australia: S&P/ASX 200 (.AXJO) poised to follow Wall Street when it resumes trading this morning

Australia: S&P/ASX 200 (.AXJO) poised to follow Wall Street when it resumes trading this morning Wall Street’s main indexes fell more than 1 per cent on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to […]

Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits

Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits

Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits The ASX 200 dropped 0.6 per cent to 7,088 points at its close. Losses were seen across the board, with energy and industrial stocks leading the falls. “It’s still the best month we’ve had in more than eight years and the best start […]

Australian Dollar: USD/AUD (AUD=X) Rallies After Surprise Employment Figure

Australian Dollar: USD/AUD (AUD=X) Rallies After Surprise Employment Figure

Australian Dollar: USD/AUD (AUD=X) Rallies After Surprise Employment Figure The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated. The Australian dollar has rallied significantly during the trading session on Thursday, reaching towards the 200 day EMA. […]

Australia: S&P/ASX 200 (.AXJO) smashes new records

Australia: S&P/ASX 200 (.AXJO) smashes new records

Australia: S&P/ASX 200 (.AXJO) smashes new records Australia’s stock market chalked up a surprisingly strong session on Wednesday with more than a tenth of the S&P/ASX200 reaching record high prices. The index closed nearly 1 per cent higher at 7132.7 points. News that German retail giant Kaufland is pulling out of Australia before it even […]

Australian Dollar: USD/AUD (AUD=X) Bushfires Send Consumer Confidence Lower as Mini Retail Boom Rolls Over

Australian Dollar: USD/AUD (AUD=X) Bushfires Send Consumer Confidence Lower as Mini Retail Boom Rolls Over

Australian Dollar: USD/AUD (AUD=X) Bushfires Send Consumer Confidence Lower as Mini Retail Boom Rolls Over The Australian Dollar is trading flat against the U.S. Dollar on Wednesday after early session weakness drove the currency into its lowest level since December 11. This means that the entire Phase One U.S.-China trade deal premium has been wiped […]

Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets

Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets

Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets A last-minute jump helped the local bourse keep losses in check on Tuesday, as the emergence of a deadly virus in China weighed on Asian markets and contributed to the snapping of its five-day winning streak. The S&P/ASX 200 index declined 13 […]

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

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

Australian Dollar: USD/AUD (AUD=X) Continues To Slide The Australian dollar initially tried to rally during the trading session on Monday but found enough trouble at the 0.69 level to turn things back around and show extreme weakness. That is also where the 200 day EMA is, and therefore it makes quite a bit of sense […]

Australia: S&P/ASX 200 (.AXJO) shares extend gains; miners shine on metal prices

Australia: S&P/ASX 200 (.AXJO) shares extend gains; miners shine on metal prices

Australia: S&P/ASX 200 (.AXJO) shares extend gains; miners shine on metal prices Australian shares extended their record-breaking spree to a fifth session on Monday, mainly driven by mining stocks that gained on strong metal prices. The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a […]

Australian Dollar: USD/AUD (AUD=X) Flat As Global Trading Volumes Thin

Australian Dollar: USD/AUD (AUD=X) Flat As Global Trading Volumes Thin

Australian Dollar: USD/AUD (AUD=X) Flat As Global Trading Volumes Thin The Australian Dollar exchange rates remained largely flat on Monday as trading volumes were thin due to the closure of US markets for Martin Luther King Day. Despite the global risk-on sentiment, the ‘Aussie’ opened this week down for the third consecutive week, with the […]

Australia: S&P/ASX 200 (.AXJO) Trade war truce

Australia: S&P/ASX 200 (.AXJO) Trade war truce

Australia: S&P/ASX 200 (.AXJO) Trade war truce It’s been coming for some time, but Donald Trump finally managed to sign a trade war ceasefire with China. It will see tariffs reduced on some Chinese products by the US and China has committed to buying billions of dollars of various products such as agriculture and resources, […]

Australian Dollar: USD/AUD (AUD=X) Downside Momentum Targets .6851 – .6809

Australian Dollar: USD/AUD (AUD=X) Downside Momentum Targets .6851 – .6809

Australian Dollar: USD/AUD (AUD=X) Downside Momentum Targets .6851 – .6809 After showing signs of strength early in the session on the back of solid Chinese Gross Domestic Product (GDP) data, the Australian Dollar reversed to the downside to finish lower for the session. Stronger-than-expected U.S. housing data drove Treasury yields higher, making the greenback a […]

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal That was despite alukewarm lead from Wall Street after the United States and China signed their long-awaited “phase one” trade agreement. The ASX 200 closed 0.7 per cent higher at 7,041 points, while the broader All Ordinaries index gained 0.6 […]

Australia: S&P/ASX 200 (.AXJO) nears 7000

Australia: S&P/ASX 200 (.AXJO) nears 7000

Australia: S&P/ASX 200 (.AXJO) nears 7000 The local sharemarket pushed to fresh record highs on Wednesday, brushing aside a soft lead from Wall Street sparked by renewed concerns towards progress in trade negotiations between the US and China in the months ahead. The benchmark S&P/ASX 200 climbed 32.6 points, or 0.5 per cent, to close […]

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run The ASX 200 closed 0.9 per cent higher at 6,962 points — beating its previous record finish posted on Friday, with broad-based gains across most sectors. Mining stocks rallied into the close, including Rio Tinto (+1.9pc), Fortescue Metals (+1.9pc) and South32 […]

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance AUD/USD has continued to trade within the confines of this ascending pitchfork formation extending off the October / November lows with daily resistance eyed at the median-line / 61.8% retracement at 6927 – a topside breach / close above is needed to validate a […]

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street The Australian sharemarket is set for an upbeat morning after Wall Street hit new highs overnight, buoyed by gains in US technology stocks and optimism that a US-China trade deal is on track to be signed this week. The SPI200 futures contract […]

Australian Dollar: USD/AUD (AUD=X) trying to break out

Australian Dollar: USD/AUD (AUD=X) trying to break out

Australian Dollar: USD/AUD (AUD=X) trying to break out The Australian dollar has rallied a bit during the trading session on Monday, breaking above the 0.69 level before pulling back a bit. However, this is a market that is trying to break out, and if we can clear the top of the range for the trading […]

Australia: S&P/ASX 200 (.AXJO) Tougher year tipped for super sector in 2020

Australia: S&P/ASX 200 (.AXJO) Tougher year tipped for super sector in 2020

Australia: S&P/ASX 200 (.AXJO) Tougher year tipped for super sector in 2020 Superannuation experts are warning fund members they should not expect the stellar returns of 2019 to continue this year, with increased regulation and more mergers poised to reshape the retirement savings landscape. Many super funds are yet to report their end-of-year results but […]

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892 The Australian Dollar surged to the upside on Friday and finished the session higher in the wake of a weaker-than-expected U.S. jobs report. Optimism over the impact of the U.S.-China trade deal may have also played a role in encouraging short-sellers to book profits after […]

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

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

Australian Dollar: USD/AUD (AUD=X) Continues To Hover The Australian dollar has gone back and forth during the trading session on Thursday, as we continue to hang around the 50 day EMA. We are sitting just above the previous downtrend line though, so it’s very likely that the buyers will come in and try to pick […]

Australia: S&P/ASX 200 (.AXJO) pare losses as Trump reassures after Iran attacks

Australia: S&P/ASX 200 (.AXJO) pare losses as Trump reassures after Iran attacks

Australia: S&P/ASX 200 (.AXJO) pare losses as Trump reassures after Iran attacks Australian shares trimmed losses on Wednesday after U.S. President Donald Trump’s comment on the Middle East tensions reassured investors rattled by Iranian missile attacks on U.S.-led forces in Iraq earlier in the day. The S&P/ASX 200 index closed down 0.1%, or 8.8 points, […]

Australian Dollar: USD/AUD (AUD=X) falls back below 69 US cents, US trade deficit at three-year low

Australian Dollar: USD/AUD (AUD=X) falls back below 69 US cents, US trade deficit at three-year low

Australian Dollar: USD/AUD (AUD=X) falls back below 69 US cents, US trade deficit at three-year low The Australian dollar has fallen back below 69 US cents and is weaker against a basket of currencies, as the US dollar rises after America’s trade deficit fell to a three-year low. The Australian dollar traded above 70 US […]

Australia: S&P/ASX 200 (.AXJO) every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut

Australia: S&P/ASX 200 (.AXJO) every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut

Australia: S&P/ASX 200 (.AXJO) every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut The Australian sharemarket has enjoyed its best day in three weeks, with every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut. The […]

Wild Brush Fires Have Australia Posting the Hottest Places on Earth

Wild Brush Fires Have Australia Posting the Hottest Places on Earth

Australia was home to the 10 hottest places on Earth at the weekend, most around City of Sydney, as ongoing wild bushfires cause massive damage to the country’s lands, Discover magazine reports. The hottest location was in the suburb of Penrith Saturday, 4 January, which reached a temperature of 120 degrees Fahrenheit, or 48.9 degrees Centigrade, breaking […]

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar The ASX has bounced back from its early losses to close slightly higher, powered by strong gains by gold miners and oil producers as both commodities moved higher amid tension in the Middle East. The S&P-ASX200 index fell 61.8 points in the first 11 […]

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls After starting the first full week of the new year in a decidedly “risk off” position, markets are recovering into the US session close. For FX traders, the Australian dollar has long been the quintessential pro-growth currency, at least among the developed market majors, and the price […]

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 0.69. The projected upper bound is: 0.70. The projected lower bound is: 0.69. The projected closing price is: 0.69. Candlesticks A black body occurred (because prices closed lower than they opened). […]

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US Australian shares are set to open lower as investors, wary of a still further escalation of military activity between Iran and the US, dash at least near-term hopes for an extension […]

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle The Australian dollar pulled back just a bit during the trading session on Thursday, showing signs of exhaustion near the 0.70 handle as you would expect. This is a large, round, psychologically significant figure so there will be a lot of interest in […]

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open Australian shares are poised to catch an overseas New Year rally at the open, helped in part by a slide in the local currency. ASX futures were up 48 points or 0.7% to 6672 near 5.50am AEDT. The […]

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value While Forex traders were cheering the Australian Dollar’s breakout above the psychological 70 cents level on Tuesday, there was a bloodbath in the Australian stock market as traders swamped the Australian Stock Exchange with sell orders on the final […]

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year Australian shares are poised to open lower in the final trading day of the year. ASX futures were down 61 points or 0.9% to 6680 near 7am AEDT. The local currency edged 0.3% higher to top US70¢. Through Monday’s close, the S&P/ASX 200 […]

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again The Australian dollar rallied a bit during the trading session on Monday, reaching towards the 0.70 level, a psychologically important figure to say the least. That being said though, although we have had a massive breakout to the upside it’s likely that we need a bit of a […]

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