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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Under-pressure Australian banks face fresh inquiry

Under-pressure Australian banks face fresh inquiry

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

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

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

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

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

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

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

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

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

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

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

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

Australia: S&P/ASX 200 (.AXJO) set to open higher Australian shares are set to open higher on renewed optimism for the pending high-level trade talks in Washington between the US and China. ASX futures were up 46 points or 0.7% to 6560 near 6am AEDT. The currency was little changed. China was still open to agreeing […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Australia Travel Tips: How to kick start your adventure

Australia Travel Tips: How to kick start your adventure

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

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

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

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

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

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

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

Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week

Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week

Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week Australian shares are set to ease with a cautious start to the week as the US central bank’s pending policy decision is awaited. ASX futures were down 7 points or 0.1% to 6667. The local currency edged 0.2% higher. […]

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports The Australian dollar continued to post gains last week, despite disappointing confidence numbers. NAB business confidence slowed to 1 point, in August marking a 4-month low. There was no relief from Westpac consumer sentiment, which fell by 1.7% in July, its third […]

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate Investors reacted positively Thursday to the European Central Bank’s decision to lower interest rates and engage in a new round of bond-buying as well as overtures between the U.S. and China ahead of the next round of trade […]

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing Australian shares managed to extend a September advance with banks and miners performing well, as one strategist suggested concerns about a global economic downturn were  “overblown.” The S&P/ASX 200 index climbed 23 points, or 0.4 per cent, to 6638, […]

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports NAB Business Confidence will be released today, followed by Westpac Consumer Sentiment on Wednesday. As well, Chinese CPI, which will be published on Tuesday, could affect the pair. There were plenty of Australian events last week, and the Aussie responded with sharp gains of 1.6%, its strongest […]

Australia: S&P/ASX 200 (.AXJO) minor kick off

Australia: S&P/ASX 200 (.AXJO) minor kick off

Australia: S&P/ASX 200 (.AXJO) minor kick off The local share market started the week with a minor lift of 0.01 per cent or 1 point, after rising for three straight weeks as at Friday. We saw several stocks hit all-time highs on Friday and set new ones today, including Jumbo Interactive (ASX:JIN) Qube (ASX:QUB) and Aventus (ASX:AVN) which all set new […]

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions The short-covering rally in the Australian Dollar continued for a fourth session on Friday as traders continue to alleviate the grossly oversold trading conditions. Traders started easing up on the short-side of the market early last week after the release of the […]

Vacationing in Seclusion and Luxury

Vacationing in Seclusion and Luxury

Seclusion and luxury do not always come together. After all, it seems like travel is either high-rolling in big city, or cozying up by the fireplace of a log cabin in the woods. But, if you wish both there are a few beautiful places in the world where you can lounge in the lap of […]

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 […]

1 2 3 11