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AUD/USD Drops to Six Year Low Near 0.7350 after Yellen Comments

The Australian dollar took another hefty hit overnight, falling to a fresh six-year low as Fed chair Janet Yellen signalled the US central bank could lift interest rates as early as September.   Adding to pressure for commodity currencies, Canada cut its benchmark interest rate for the second time this year to shield the country’s economy …

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RBA Puts Focus on Negative Gearing

The growing push to abolish or scale back negative gearing received a big boost when the Reserve Bank of Australia called on the government to review whether a capital gains tax break for investment property is driving too much money into housing.  In a surprising intervention in the debate over housing affordability, the Reserve Bank …

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Matters Elsewhere Impacting on Australian Consumer Confidence

Consumers have been spooked by global financial turmoil, and business managers could soon also get the shakes.  Consumer confidence sagged in July to its lowest point in seven months, dragged down by disturbing financial headlines from Greece and China. The Westpac/Melbourne Institute index out Wednesday showed consumer sentiment fell by 3.2 per cent in July, …

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My Interview with ‘Better System Trader’

Recently I was interviewed by Andrew Swanscott from bettersystemtrader.com and he has now made this audio interview available.   Andrew wrote down the following list of ‘topics discussed’ in this interview, as follows: Why trading can be simple but not easy Common mistakes traders make Factors to consider when choosing a trading strategy that suits you …

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