Australia

RBA’s Case Supported by AUD/USD Falling to 0.7015

Australia’s central bank is counting on support from a lower ­currency together with a strengthening US economy and overall low interest rates globally to cushion Australia from a worsening slowdown in China and expected US interest rate ­increases even as global sharemarkets remain volatile after ­suffering their worst sell-off in years. The Reserve Bank of …

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S&P/ASX 200 Volatility at Four Year High

In the last week the volatility in the S&P/ASX 200 index has reached a four year high, based on my own volatility percentage indicator.  Historically the ASX200 index generally has volatility of between 0.6% and 1.5% per day, however in the last week it has climbed to its highest level in 4 years at above 1.6%. A higher …

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