Currency Point: It was a few weeks before Christmas and rate rises are here
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Australian Stocks Rise Defying the Challenging Banking Sector 11/11/19
- November 11, 2019
Australian stocks rose even as the banking sector continued to face the biggest challenge in decades. Over the past few weeks, financial results from the country’s banks have been weak. The big four banks – ANZ, Westpac, Commonwealth Bank of Australia and National Australia Bank – hold assets worth more than $960 billion. This is
READ MOREAUD and Australian Stocks Fall on Trade Fears 8/11/19
- November 8, 2019
Australian stocks and the Australian dollar declined as the market started to worry about trade. Some market participants believe that a trade deal between the US and China is still a long way to go. Others doubt whether anything will change even when a deal is sealed. The market also reacted to Chinese trade numbers.
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Currency Point: Deciphering DXY
- November 8, 2019
The risk-on rally of the past month continues to rage ahead, equities in the US are touching extreme overbought levels, but markets have not crossed levels that signal ‘complacent’ however, they are edging closer. One indicator we are watching closely is the relationship between implied and realised volatility. Implied volatility tends to follow realised
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Week Ahead Video Analysis: “Currency Point: Deciphering DXY”
- November 8, 2019
Australian Dollar Declines on Strong Trade Data 7/11/19
- November 7, 2019
The Australian dollar declined after the country released trade data for September. Numbers from the Australian Bureau of Statistics (ABS) showed that exports, imports, and trade surplus increased in September. Goods and services exports rose by 3% in seasonally-adjusted terms while imports rose by 3%. Trade surplus increased by more than $7.18 billion on seasonally-adjusted
READ MOREAustralian market expected to open higher 7/11/19
- November 7, 2019
OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 28 points. The House Intelligence Committee will begin public hearings in its Trump impeachment probe next week, with two State Department officials along with the former U.S. ambassador to Ukraine scheduled to appear. U.S. inventories of
READ MOREAustralian dollar rises following RBA rates decision 5/11/19
- November 5, 2019
The Australian dollar rose after the RBA left interest rates unchanged at 0.75%. The bank has already implemented three rate cuts this year. In a statement, Governor Philip Lowe said that low-interest rates would help the country maintain growth at a time when global growth is slowing. Lowe expects the economy to grow by 2.75%
READ MOREAustralian market expected to open higher 5/11/19
- November 5, 2019
OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 45 points. Microsoft is targeting the so-called “hybrid-cloud,” which allows companies to shift some computing to cloud services while maintaining control of sensitive data. First Horizon National Corp. is buying Iberiabank Corp. in all-stock merger, forming
READ MOREAustralian Dollar Rises Ahead of RBA Decision 4/11/19
- November 4, 2019
The Australian dollar rose in early trading as the markets waited for the interest rates decision by the country’s central bank. The bank is expected to leave rates unchanged and talk positively about the impact of previous rate cuts. Meanwhile, the currency reacted to weak retail sales numbers released by the Bureau of Statistics. In
READ MORECurrency Point: Building on momentum
- November 1, 2019
The positive risks building in risk currencies has taken a further step forward this week as the Federal Reserve stepped out of the market for the remainder of 2019. Chairman Powell stated that there would be no rate hikes to the Federal Funds rate until inflation moved ‘significantly’ thus upside risk in the USD
READ MOREAustralian market expected to open higher 31/10/19
- October 31, 2019
OPENING CALL: The Australian share market is expected to open flat. The SPI200 futures contract expected to open up 6 points. The Federal Reserve cut interest rates for the third time this year and began to downplay expectations of further cuts for now. Fiat Chrysler and Peugeot’s owner agreed to merge, said people familiar
READ MOREAustralian market expected to open higher 30/10/19
- October 29, 2019
OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 23 points. AT&T is preparing to unveil its answer to Netflix, a multibillion-dollar gamble that the media and telecom giant can sell a premium streaming-video service when rivals are flooding the market with cheaper alternatives.
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