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) 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 […]

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 […]

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) 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 […]

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 […]

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) 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). […]

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 […]

Australian Dollar: USD/AUD (AUD=X) Australian Dollar Breaks Out

Australian Dollar: USD/AUD (AUD=X) Australian Dollar Breaks Out

Australian Dollar: USD/AUD (AUD=X) Australian Dollar Breaks Out The Australian dollar rallied rather significantly during the week, breaking towards the 0.70 level. I think at this point it’s very likely that we will see a lot of resistance in that area, due to the fact that it is a large, round, psychologically significant figure. With […]

Australia: S&P/ASX 200 (.AXJO) shares are poised to dip after returning from a two-day Christmas break

Australia: S&P/ASX 200 (.AXJO) shares are poised to dip after returning from a two-day Christmas break

Australia: S&P/ASX 200 (.AXJO) shares are poised to dip after returning from a two-day Christmas break Australian shares are poised to dip after returning from a two-day Christmas break, despite shares on Wall Street touching fresh record highs in overnight trade. ASX futures are down 5 points, or 0.1 per cent, to 6710. All three […]

Australian Dollar: USD/AUD (AUD=X) Will Need Surge in Volume to Breakout Over .6939

Australian Dollar: USD/AUD (AUD=X) Will Need Surge in Volume to Breakout Over .6939

Australian Dollar: USD/AUD (AUD=X) Will Need Surge in Volume to Breakout Over .6939 Optimism over the U.S.-China trade deal continues to bring in enough buyers to underpin the Australian Dollar. However, the buying volume is a little light due to the holiday season, and uncertainty over whether the Reserve Bank of Australia (RBA) will lower […]

Australia’s Firefighters Brace for Extreme Heatwave at the Weekend

Australia’s Firefighters Brace for Extreme Heatwave at the Weekend

Firefighters battling wildfires in Australia’s most populous state attempted to make headway Thursday during favorable conditions, before an “extreme heatwave” hits embattled areas at the weekend. Thousands of firefighters in New South Wales (NWS) took advantage of cooler weather and continued to strengthen containment lines. More than 70 fires are still burning across the state […]

Wall Street rally to buoy Australia: S&P/ASX 200 (.AXJO) shares

Wall Street rally to buoy Australia: S&P/ASX 200 (.AXJO) shares

Wall Street rally to buoy Australia: S&P/ASX 200 (.AXJO) shares Australian shares are tipped to open in the positive ahead of Christmas, buoyed by a rally on international markets. The S&P 500 – the main benchmark in the US – closed on Friday up about 15.8 points or 0.5 per cent, and the Dow Jones […]

Australian Dollar: USD/AUD (AUD=X) very likely that this market will continue to go much higher

Australian Dollar: USD/AUD (AUD=X) very likely that this market will continue to go much higher

Australian Dollar: USD/AUD (AUD=X) very likely that this market will continue to go much higher The Australian dollar has pulled back significantly during the week but found buyers to turn things around and rally again. The massive shooting star from the previous week is a negative sign but it looks as if we are trying […]

Australian Dollar: USD/AUD (AUD=X) Dip in Unemployment Rate Lowers Chances of Aussie Rate Cut

Australian Dollar: USD/AUD (AUD=X) Dip in Unemployment Rate Lowers Chances of Aussie Rate Cut

Australian Dollar: USD/AUD (AUD=X) Dip in Unemployment Rate Lowers Chances of Aussie Rate Cut The Australian and New Zealand Dollars are trading mixed on Thursday in reaction to several key economic reports. The Aussie is being supported by a jobs report that indicated the employment situation was starting to stabilize. The news also trimmed the […]

Positive jobs data takes shine off Australia: S&P/ASX 200 (.AXJO)

Positive jobs data takes shine off Australia: S&P/ASX 200 (.AXJO)

Positive jobs data takes shine off Australia: S&P/ASX 200 (.AXJO) The Australian sharemarket has closed lower after positive November jobs data pared the chances of a February interest rate cut and took the gloss off local equities. The benchmark S&P-ASX 200 index finished Thursday 18.3 points lower at 6833.1, while the broader all ordinaries slipped […]

Australia: S&P/ASX 200 (.AXJO) Slip as New U.S. Tariffs Loom

Australia: S&P/ASX 200 (.AXJO) Slip as New U.S. Tariffs Loom

Australia: S&P/ASX 200 (.AXJO) Slip as New U.S. Tariffs Loom Australian shares fell early last week, with banking stocks leading losses, as investors waited to see if Washington will proceed with new tariffs on China that could change the course of their months-long trade war. The S&P/ASX 200 index snapped a three-session rally to end […]

Australia: S&P/ASX 200 (.AXJO) close to historical highs

Australia: S&P/ASX 200 (.AXJO) close to historical highs

Australia: S&P/ASX 200 (.AXJO) close to historical highs The S&P/ASX 200 had its best one-day rally since May, up 1.6 per cent today to 6849.7 points and did get as high at 6866 just before the close.  This falls short of historical highs. The S&P/ASX 200’s highest closing price was 6864 points on November 28, […]

Australian Dollar: USD/AUD (AUD=X) Underpinned by Robust Chinese Economic Data

Australian Dollar: USD/AUD (AUD=X) Underpinned by Robust Chinese Economic Data

Australian Dollar: USD/AUD (AUD=X) Underpinned by Robust Chinese Economic Data The Australian and New Zealand Dollars are trading higher on Monday as investors react to stronger-than-expected economic data from China, while continuing to digest the trade deal between the United States and China that was announced on Friday. There is some uncertainty over the details […]

Australian Dollar: USD/AUD (AUD=X) continues to be very volatile

Australian Dollar: USD/AUD (AUD=X) continues to be very volatile

Australian Dollar: USD/AUD (AUD=X) continues to be very volatile The Australian dollar has had a volatile session during the trading session on Friday, initially breaking above the 200 day EMA and the 61.8% Fibonacci retracement level before turning around. With so much up in the air when it comes to the trade war, it’s not […]

Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold

Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold

Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold The Australian dollar jumped to 68.8 US cents, its highest value in five weeks, due to a weaker greenback following the Fed’s interest rate decision. It also lifted sharply to 52.1 British pence as the latest polls revealed that UK Prime […]

Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020 Over the last month it has traded down to as low as USD0.676 and back to USD0.683. Eff ectively the AUD has traded in the USD0.67 to USD0.70 range since late July. Westpac last changed its AUD call on […]

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold The Australian share market is expected to open lower this morning despite some modest gains on Wall Street overnight after the US central bank kept interest rates unchanged. The SPI200 futures contract was down 29 points, or 0.4 per cent, at 6722 at about […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to rebound After a couple of very disappointing days of trade, the S&P/ASX 200 index looks set to return to form on Thursday. According to the latest SPI futures, the ASX 200 index is expected to jump 59 points or 0.9% at the open. This follows a positive night on […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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