HealthCare and Consumer Discretionary are holding up well still appearing as green over all the time frames in the latest ASX Sector Analysis for the week beginning 11 January 2016. The ASX Sector Analysis is conducted over three time frames – the last 3 months, 6 months and 12 months. If a sector appears above …
For the week beginning 11 January 2016, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) has dipped strongly towards 30 as the ASX200 index is threatening to remain below the key 5000 level. See below for notes on the indicator. Click on the image below for a larger, clearer …
S&P/ASX 200 Sentiment Dips as 5000 is Threatened Read More »
Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, specifically the ASX200 index, the Australian dollar (AUD/USD), and RBA and Fed plans. Specifically I was asked about the recent decline in the ASX200 index and its current significant levels. We talked about the influence that China …
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
AUD/USD The Australian dollar has fallen sharply overnight as concerns grow over China’s economic outlook. The PBOC setting the currency’s reference rate at a weak level sends a shockwave through markets similar to August 2015 when China devalued their currency last time. The previous support level for the Australian dollar at 72 cents was no …
Thanks to China, AUD/USD Now Eyeing Support at 0.70 Read More »
