Australia

Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD

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. I mentioned how the 5400 level had …

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Australian Dollar Looks Lost as ASX 200 Continues to Struggle

Australian Dollar Looks Lost The Australian dollar continues to trade within a narrow range between 0.73 and 0.74 where it has mainly loitered for the last month, but interestingly it seemingly looks stuck in no man’s land. It doesn’t know where to turn next. It has depreciated significantly against the US dollar amongst other major …

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RBA Minutes: Lower Australian Dollar Aiding Economic Transition

Australia’s central bank said a weakening currency is assisting a transition away from mining investment, while adding that accommodative policy remains appropriate to support growth. “Economic activity had generally been more positive over recent months,” it said Tuesday in minutes of its Aug. 4 meeting when interest rates were left at a record-low 2 percent. …

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The Word is Spreading – ASX200 is Starting to Look Bearish

My responses to some media questions: 1. The Australian sharemarket is in ‘correction’ territory now – what does that mean for investors? Indices trading at seven month lows is never a good thing. It attracts attention and almost turns investors bearish simply because of the attention it gets. For the last couple of months the …

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