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.

Australian Mortgage Approvals Drop by Most Since 2009

Australian home-loan approvals fell in May by the most in more than five years as the country’s banks tighten lending criteria. The number of mortgages approved for owners that occupy their home fell 6.1 percent in May from April, the largest drop since December 2009, according to government data released Friday. In New South Wales, …

Australian Mortgage Approvals Drop by Most Since 2009 Read More »

AUD/USD up to 0.7460 as Unemployment Rate Rises to 6%

Australia’s unemployment rate has risen slightly in June, albeit it from a downwardly revised May figure, as the number of new jobs in the economy increased marginally.  The unemployment figure rose to 6 per cent in June, after an increase in the number of unemployed people outstripped a slight rise in added job numbers over …

AUD/USD up to 0.7460 as Unemployment Rate Rises to 6% Read More »