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Consumer Confidence Jumps after RBA Cut

Consumer confidence rose last week after the Reserve Bank of Australia cut the official cash rate to a new historic low. Confidence jumped 1.7 per cent in the week ending May 10, after falling 2.8 the previous week, ANZ/Roy Morgan’s consumer confidence barometer found.  ANZ chief economist Warren Hogan said the RBA’s decision to cut …

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Great Feedback on my Interview with ‘Chat with Traders’

Recently I was interviewed by Aaron Fifield from chatwithtraders.com … Aaron and I have both received some great feedback on the interview, including this one: “Great interview. Thank you Stuart and Aaron. I can’t believe people start trading, A. without a trading plan, and B. thinking they will be profitable in a short period of …

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Hockey: Australian Budget on a Credible Trajectory Back to Surplus

Australia’s government budget deficit will undershoot market forecasts and keep improving over time, Treasurer Joe Hockey said – just hours before delivering his annual policy package.  Speaking to the media, Hockey said the market was forecasting a shortfall of around A$40-A$41 billion but the actual deficit would “beat that”. Hockey said the government had been …

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NAB Survey: Business Confidence Flat in April

Business confidence remained steady in April, while conditions eased slightly, as firms await the federal budget tomorrow night.  NAB’s widely watched Monthly Business Survey showed that confidence held at +3 last month, which is a little below average levels. The bank’s economists said that is not a strong enough level to see economic improvement.  “Until …

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