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 Trade Deficit at Record Levels as Retail Sales Weaken

Australian retail sales stagnated and the nation’s trade deficit blew out to a record in April, in a challenge to a central bank trying to spur an economic recovery.  The currency slumped half a U.S. cent as sales were little changed from a month earlier, when they rose a downwardly revised 0.2 percent, and were …

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AUD/USD Drops Below 0.7750 after Retail Sales and Trade Data

The Australian dollar fell half a US cent after the release of disappointing retail spending figures.  Retail spending was unchanged in April, The Australian Bureau of Statistics said, which was worse than economists expectations of a 0.3 per cent rise. Australia’s trade balance has stayed in the red with a deficit of $3.89 billion in …

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OECD: Australian Property Prices at Risk of ‘sharp correction’

Australia’s property markets are at risk of a “sharp correction” according to the Organisation for Economic Cooperation and Development.  The international organisation is the latest to join the chorus warning of the risk of a big fall in house prices. “The continuing property market momentum adds to the risk of a sharp correction,” it wrote …

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Australia Q1 GDP up 2.3% However Concerns Remain

Australia’s economy expanded 2.3 percent in the first quarter from the year-ago period, beating forecasts and pushing up the currency, but some were concerned about the quality of the data. “The surprise is probably that business investments didn’t fall [as much] as expected,” David Bassanese, chief economist at BetaShares, told CNBC. “Exports volumes surged in …

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