Stuart McPhee

Australian private trader for more than 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.

AUD/USD Drops Below 0.77 as Australian Capex Falls 4.4%

Australian business investment fell by 4.4 per cent in the March quarter, worst than economists’ forecasts of a 2.4 per cent fall. The closely-watched figures, released by the Australian Bureau of Statistics, cover investment in capital goods which includes such things as buildings and equipment. Businesses collectively expect to invest $149.946 billion on capital goods …

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RBA: Australian Housing Risk has Increased

The Reserve Bank warns lending controls on banks to reduce the heat in Australia’s property market could just drive buyers elsewhere for their loans.  Risky lending into an inflated market has been a consistent worry for the Reserve Bank’s rates strategy, though not enough to deter this month’s rate cut to a record low of …

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Australian Economy Gaining Momentum

The Australian economy is gaining some momentum but growth remains sluggish. The latest Westpac/Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, rebounded from negative territory to rise 0.45 percentage points to 0.43 per cent in April. Westpac senior Economist Matthew Hassan said the lift …

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