Markets

Australian household confidence is down in the dumps

The numbers aren’t pretty in the latest ANZ-Roy Morgan weekly consumer confidence survey. Aussie consumer sentiment fell once again, by a further 1.8%, following a 4% drop in the week prior. After steadily recovering following a sharp dip in the wake of the May federal budget, consumer optimism has faded […]
Australian household confidence is down in the dumps
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,993.71 +135.39 (+0.62%) S&P 500: 2,465.84 +24.52 (+1.00%) AUD/USD: 0.7852 -0.0049 (-0.66%) ASX200 SPI futures (Sept contracts): 5,694 (+21) Iron ore benchmark 62% fines $US74.71/t (-0.64%) 1. Exhale (for now): Global markets took a breather to start the week, as escalating tensions between the […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,858.32 +14.31 (+0.07%) S&P 500: 2,441.32 +3.11 (+0.13%) AUD/USD: 0.7896 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,638 (-3) Iron ore benchmark 62% fines $US75.19/t (-1.94%) 1. US inflation data misses (again): At annual growth of 1.7%, July’s inflation data just missed forecasts and […]
6 things Australian traders will be talking about this morning
Markets

WEEKEND SURGE: Bitcoin just climbed through $US4,000 for the first time

Bitcoin’s weekend surge continues full steam ahead. The cryptocurrency broke through $US4,000 for the first time earlier this morning. It peaked at $US4,100 per coin and a short time ago was trading at $US4,055. Here’s the chart: According to a CBNC report, Bitcoin’s price increase over the weekend has been […]
WEEKEND SURGE: Bitcoin just climbed through $US4,000 for the first time
Markets

A SEA OF RED: Asian markets fall across the board

Rising tensions between the US and North Korea continue to rattle global markets, as the weak lead from the northern hemisphere has flowed into Asian trade. The ASX200 fell below 5,700, closing 1.18% lower at 5,693.10. Get the local market recap here. The Aussie dollar was also sold off against […]
A SEA OF RED: Asian markets fall across the board
Markets

North Korea’s threats are driving down markets across Asia

Stocks across Asia-Pacific markets are lower today amid rising geo-political tensions in the region. It follows a sell-off in overnight markets, as global stocks got the jitters from rising levels of animosity between the US and North Korea. Overnight there was more tough rhetoric from US President Donald Trump, who […]
North Korea’s threats are driving down markets across Asia
Markets

South Korean stocks are getting hammered amid growing war fears

It’s been a rough week on the South Korean stock market, amid escalating tensions with its northern neighbour. Following three straight days of losses, South Korea’s KOSPI stock index has opened more than 1.3% lower this morning. That takes the total fall for the week to almost 3%. A short […]
South Korean stocks are getting hammered amid growing war fears
Markets

Bitcoin was immune to overnight volatility in global markets

Despite increased volatility across global markets last night, the world’s biggest cryptocurrencies stayed clear of the drama. Escalating tensions between the US and North Korea have rattled major assets classes this week. Overnight, US stocks snapped out of their recent calm streak, falling by 1% as bond yields rallied and […]
Bitcoin was immune to overnight volatility in global markets
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,844.01 -204.69 (-0.93%) S&P 500: 2,438.21 -35.81 (-1.45%) AUD/USD: 0.7889 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,631 (-68) Iron ore benchmark 62% fines $US76.68/t (+1.6%) 1. Volatility! It’s looking like a rough open to this morning’s session on the ASX, […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,048.70 -36.64 (-0.17%) S&P 500: 2,474.02 -0.90 (-0.04%) AUD/USD: 0.7889 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,705 (+8) Iron ore benchmark 62% fines: $US75.46 (unchanged) 1. RBNZ keeps rates on hold: The Royal Bank of New Zealand kept benchmark interests at 1.75% this […]
6 things Australian traders will be talking about this morning
Markets

The Commonwealth Bank’s assets are about to hit $1 trillion

This morning’s annual results by the Commonwealth Bank of Australia revealed the bank’s total assets have increased to a whopping $976 billion — an increase of $34 billion from the year before. It’s the highest total asset figure in corporate Australia. The gains were largely driven by CBA’s huge loan […]
The Commonwealth Bank’s assets are about to hit $1 trillion
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,085.34 -33.08 (-0.15%) S&P 500: 2,474.92 -5.99 (-0.24%) AUD/USD: 0.7910 -0.0003 (-0.04%) ASX200 SPI futures (Sept contracts): 5,682 (+4) Iron ore benchmark 62% fines: $US75.46 (-0.93%) 1. Has the dollar turned?: The US dollar gained more ground against the pound (down 0.3% to $US1.2990) […]
6 things Australian traders will be talking about this morning
Markets

Consumer sentiment on the Australian economy just came crashing back to earth

Consumer sentiment in Australia fell sharply last week as Australian household’s views towards the broader economy reversed the previous week’s gains. The ANZ-Roy Morgan Australian Consumer Confidence Index dived by 4%, driven by steep falls in the view toward current and future economic conditions. Despite giving up most of the […]
Consumer sentiment on the Australian economy just came crashing back to earth
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,118.42 +25.61 (+0.12%) S&P 500: 2,480.91 +4.08 (+0.16%) AUD/USD: 0.7913 -0.0013 (-0.19%) ASX200 SPI futures (Sept contracts): 5,718 (+12) Iron ore benchmark 62% fines: $US76.17 (+2.8%) 1. Don’t get too excited: The main theme overnight was (once again) low volatility. US stocks edged higher […]
6 things Australian traders will be talking about this morning
Markets

These are the 3 major impacts Amazon has when it enters new markets

With Amazon poised to launch a major assault on the Australian retail sector, analysts from UBS have outlined the key ways in which it impacts a new market. The analysis forms part of a detailed research report by UBS in late July, dissecting Amazon’s place within the global retail landscape. […]
These are the 3 major impacts Amazon has when it enters new markets
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,092.81 +66.71 (+0.30%) S&P 500: 2,476.83 +4.67 (+0.19%) AUD/USD: 0.7926 -0.0004 (-0.05%) ASX200 SPI futures (Sept contracts): 5,684 (+24) Iron ore benchmark 62% fines: $US74.12 (+1.6%) 1. US dollar rejoins the party: US employment figures beat expectations on Friday night, with 209,000 jobs added […]
6 things Australian traders will be talking about this morning
Markets

Bitcoin’s value just went nuts

Bitcoin shot up to a new record high in weekend trade, reaching a top of $US3,360. According to a report by CNBC, investor relief is driving the latest rally, as this week’s split in the currency proved to be relatively uneventful. A short time ago, Bitcoin was holding its recent […]
Bitcoin’s value just went nuts
Markets

New measures to control housing risk South Korea would make Aussie investors blush

The South Korean government has just introduced new macro-prudential measures to control its housing market. Like Australia, South Korea uses macro-pru to try and address systemic housing risks without adjusting benchmark interest rates. Research from Citi shows that South Korean regulators have focused on an “overheated speculative zone”, comprised of […]
New measures to control housing risk South Korea would make Aussie investors blush
Markets

UBS: Amazon will drag on inflation in Australia

One of the main impacts from Amazon’s entry into the Australian market may be lower inflation. UBS economists George Tharenou, Scott Haslem and Jim Xu estimate that Amazon’s impact on prices in the retail sector could reduce headline inflation by 0.25%. The analysts looked at the example of the US […]
UBS: Amazon will drag on inflation in Australia
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 22,026.10 +9.86 (+0.04%) S&P 500: 2,472.16 -5.41 (-0.22%) AUD/USD: 0.7951 +0.0002 (+0.03%) ASX200 SPI futures (Sept contracts): 5,664 (-1) Iron ore benchmark 62% fines: $US72.93 (+0.87%) 1. To forex markets: And the pound dipped following a dovish statement from the Bank […]
6 things Australian traders will be talking about this morning
Markets

Australia’s all-important services sector is humming

The Australian services sector continues to gain momentum, as the Ai Group’s PSI index posted its fifth straight month of gains in July. The index rose by 1.6 points to 56.4, with all five sub-indexes above 50 which indicates growth in seasonally adjusted terms. The PSI measures changes in activity […]
Australia’s all-important services sector is humming
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,016.24 +52.332 (+0.24%) S&P 500: 2,477.57 +1.22 (+0.05%) AUD/USD: 0.7964 -0.0003 (-0.04%) ASX200 SPI futures (Sept contracts): 5,692 (+11) Iron ore benchmark 62% fines: $US72.30 (-1.7%) 1. Traders pick and choose with the USD: The US dollar index dipped again as traders remained buoyant […]
6 things Australian traders will be talking about this morning
Markets

CHART: The popularity of Japan’s Abe government has been plummeting

Recent political developments in Japan have caught the attention of markets, especially the rapid decline in Prime Minister Shinzo Abe’s approval rating. This chart from Nomura shows the recent fall, and includes the approval ratings of the current government’s two main competitors: Given the recent slump, Nomura’s currency strategists have […]
CHART: The popularity of Japan’s Abe government has been plummeting
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,963.92 +72.80 (+0.33%) S&P 500: 2,476.35 +6.05 (+0.24%) AUD/USD: 0.7969 -0.0002 (-0.02%) ASX200 SPI futures (Sept contracts): 5,711 (-3) Iron ore benchmark 62% fines: $US73.56 (-0.2%) 1. USD climbs off the mat: Europe’s run of solid data continued as annual GDP growth came in […]
6 things Australian traders will be talking about this morning
Markets

Here are Australia’s top 15 two-way trading partners

The Department of Foreign Affairs & Trade’s Composition of Trade report for 2016 includes a useful summary of Australia’s top two-way trading partners. The figures account for both goods & services, and reinforce the importance and strength of Australia’s trade relationship with China. The total value of Australian imports and […]
Here are Australia’s top 15 two-way trading partners
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,891.12 +60.81 (+0.28%) S&P 500: 2,470.30 -1.80 (-0.07%) AUD/USD: 0.7987 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,660 (-1) Iron ore benchmark 62% fines: $US73.70 (7.23%) 1. The US dollar index is now at a 13-month low: And it was another strong session for […]
6 things Australian traders will be talking about this morning
Markets

Investor loans for Australian housing are slowing

Australian private sector credit expanded by 0.6% in June, a solid result against a consensus forecast rise of 0.2%. The June increase was slightly above the 0.4% rise seen in the previous two months, and was driven by a rebound in business sector credit. The annual increase of 5.4% was […]
Investor loans for Australian housing are slowing
Markets

Here are Australia’s top 25 exports

The resources sector still accounts for the majority of Australia’s exports, according to recent data from the Department of Foreign Affairs & Trade The figures show that during 2016, resources made up 64.1% of Australia’s exports by dollar value. Not surprisingly, iron ore topped the list. That was followed by […]
Here are Australia’s top 25 exports
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,830.31 +33.76 (+0.15%) S&P 500: 2,472.10 -3.32 (-0.13%) AUD/USD: 0.7987 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,658 (+24) Iron ore benchmark 62% fines: $US68.73 (-2.1%) 1. USD can’t find a buyer: The market’s focus on Friday night turned to the preliminary print for […]
6 things Australian traders will be talking about this morning
Markets

Atlassian reports strong revenue growth as longstanding CFO quits

Leading Australian tech company Atlassian has reported a 37% jump in fourth quarter revenue to $US174.3 million, just above guidance. However, Atlassian shares dipped as the company announced that chief financial officer (CFO) Murray Demo is leaving the company at the end of this year. Demo served on the board […]
Atlassian reports strong revenue growth as longstanding CFO quits
Markets

The ASX200 is getting hammered

The ASX200 is down by around 1.4% in midday trade, after three straight days of gains. Losses are widespread across the board, with the index currently on track for its worst intra-day fall since June 30. The ASX financial index down 1.8% with ANZ leading the major banks lower, a […]
The ASX200 is getting hammered
Markets

Citi says the Aussie dollar can hold above US80 cents

Citi analysts are forecasting that the Australian dollar will hold above US80 cents in the medium-term as broader US dollar weakness continues. The Citi team also said that market expectations on interest rates and stronger commodity prices will support the AUD against its US counterpart. Still, when the it comes […]
Citi says the Aussie dollar can hold above US80 cents
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,796.55 +85.54 (+0.39%) S&P 500: 2,475.42 -2.41 (-0.10%) AUD/USD: 0.7965 -0.0002 (-0.02%) ASX200 SPI futures (Sept contracts): 5,718 (-2) Iron ore benchmark 62% fines: $US70.20 (-0.33%) 1. USD bounces back: The greenback finally reversed course overnight, helped by good data prints […]
6 things Australian traders will be talking about this morning
Markets

A subdued retail sector is weighing on Australia’s commercial property outlook

Confidence in Australian commercial property fell in the June quarter, weighed down by diminishing sentiment towards retail property. National Australia Bank’s commercial property index fell by 4 points to 23, but remains above its long term average. “While we continue to see the Retail sector suffering from constrained consumer spending […]
A subdued retail sector is weighing on Australia’s commercial property outlook
Markets

The first Bitcoin currency exchange has been approved by US regulators

Investors will soon be able to trade options and hedge risk on the major cryptocurrencies, following a ruling by the US Commodity Futures Trading Commission (CFTC). According to a report by Bloomberg, the ruling is scheduled to come into effect between late September and early October. The ruling gives approval […]
The first Bitcoin currency exchange has been approved by US regulators
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,711.01 +97.58 (+0.45%) S&P 500: 2,477.83 +0.77 (+0.03%) AUD/USD: 0.8006 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,717 (+12) Iron ore benchmark 62% fines: $US70.43 (+1.37%) 1. 2-year high for the Aussie The AUD is trading above US80 cents this morning after the US […]
6 things Australian traders will be talking about this morning
Markets

The Australian dollar fell on weak inflation data

The Australian dollar is lower following weaker than expected inflation data. Headline inflation for the June quarter increased by 1.9%, against a forecast rise of 2.2%. Quarterly inflation was just 0.2%, missing expectations of 0.4%. Underlying (or core) inflation was more stable, rising annually by 1.8% against a forecast increase […]
The Australian dollar fell on weak inflation data
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,613.43 +100.26 (+0.47%) S&P 500: 2,477.08 +7.17 (+0.29%) AUD/USD: 0.737 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,705 (+42) Iron ore benchmark 62% fines: $US69.48 (+2.4%) 1. Currencies hop around: The euro briefly broke through $US1.17 for the first time since January 2015, but […]
6 things Australian traders will be talking about this morning
Markets

Cash is still king for older Australians

Australian consumers are shifting to card-based payments, but those aged over 65 still like to carry plenty of cash around. That’s one of the conclusions to be drawn from a research report released today by the Reserve Bank of Australia. It turns out that younger Aussies start the week with […]
Cash is still king for older Australians
Markets

8 stocks to watch in Australia this earnings season

Equity analysts from Macquarie Bank have highlighted 8 stocks best-placed to beat market forecasts this earnings season. With earnings announcements for the 2017 financial year set to kick off in August, the analysts have, in a research note titled Ready for Battle, outlined which stocks they favour. The list is […]
8 stocks to watch in Australia this earnings season
Markets

Australians are now more upbeat about the economy

Another strong jobs report was the catalyst for a sharp rise in Australian consumer sentiment last week. The weekly ANZ-Roy Morgan consumer confidence index bounced by 2.3%, following a 0.4% fall in the week prior. Last week’s reading of 115.1 was above the long-term average of 112.9, with sentiment towards […]
Australians are now more upbeat about the economy
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,513.17 -66.90 (-0.31%) S&P 500: 2,469.91 -2.63 (-0.11%) AUD/USD: 0.7922 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,638 (+13) Iron ore benchmark 62% fines: $US67.86 (+1.7%) 1. It’s ridiculously quiet: The Aussie dollar remains elevated above US79 cents, with markets little changed to start […]
6 things Australian traders will be talking about this morning
Markets

These 3 charts show the competing forces influencing iron ore prices

Westpac has highlighted strong trading conditions in the Chinese steel market as the main catalyst behind the recent rise in iron ore prices. As part of its report on the global macroeconomic outlook, Westpac’s research team looked at three key factors at play in the iron ore outlook for the […]
These 3 charts show the competing forces influencing iron ore prices
Markets

Traders haven’t been this bearish on the US dollar for more than a year

Traders continue to sell the US dollar, with net positioning for the greenback close to turning short for the first time since May 2016. ANZ’s weekly report, citing information from the US Commodity Futures Trading Commission (CFTC), shows that leveraged funds reduced their net positions in the USD by a […]
Traders haven’t been this bearish on the US dollar for more than a year
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,580.07 -31.71 (-0.15%) S&P 500: 2,472.54 -0.91 (-0.04%) AUD/USD: 0.7915 -0.0043 (-0.54%) ASX200 SPI futures (Sept contracts): 5,639 (-25) Iron ore benchmark 62% fines: $US67.14 (-1.3%) 1. No respite for the USD: The US dollar index continued its recent slide on Friday, falling below […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS END THE WEEK AHEAD: Here’s what you need to know

Australian shares closed lower to end the week, after two straight days of gains. Today’s scoreboard: ASX 200: 5,722.80 -38.65 (-0.67%) All Ordinaries: 5,771.20 -34.51 (-0.59%) AUD/USD: 0.7908 -0.0049 (-0.62%) The local index had a weak lead from global markets, with US stocks flat while markets in Europe fell as […]
AUSTRALIAN STOCKS END THE WEEK AHEAD: Here’s what you need to know
Markets

The Australian dollar just dived on rates clarification from the RBA

The Aussie dollar just fell back below US79 cents following deputy RBA governor Guy Debelle’s speech in Adelaide. Here’s the chart showing today’s fall. A short time ago the Aussie was down almost 1% in Asian trade: After pushing towards US80 cents this week following the release of the RBA […]
The Australian dollar just dived on rates clarification from the RBA
Markets

Bitcoin just exploded and is surging back towards $US3,000

It’s been a big night for Bitcoin and the price is still rocketing higher in morning trade. After dipping below $US2,000 just 3 days ago, the cryptocurrency has surged by around 25% overnight and a short time ago was trading above $US2,800. A draft version of a new Bitcoin trading […]
Bitcoin just exploded and is surging back towards $US3,000
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,611.78 -28.97 (-0.13%) S&P 500: 2,473.45 -0.38 (-0.02%) AUD/USD: 0.7955 -0.0002 (-0.03%) ASX200 SPI futures (Sept contracts): 5,688 (-11) Iron ore benchmark 62% fines: $US68.05 (-3.12%) 1. Euro climbs as Draghi guides the way forward: ECB President Mario Draghi confirmed that […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS RISE: Here’s what you need to know

Australian shares closed higher for the second day in a row. Today’s scoreboard: ASX 200: 5,761.50 +29.37 (+0.51%) All Ordinaries: 5,805.70 +26.33 (+0.46%) AUD/USD: 0.7920 -0.0036 (-0.45%) It was another good day for the major banks, following yesterday’s announcement by APRA on minimum capital requirements. The market assessed that APRA […]
AUSTRALIAN STOCKS RISE: Here’s what you need to know
Markets

Santos shares surge ahead

Shares in Santos rose by almost 8% in morning trade following the release of its quarterly update for June. The report showed that the company is making progress on reducing debt and cutting costs. Santos said that its cash-flow breakeven point had fallen to $US33 a barrel, down from $US36.50 […]
Santos shares surge ahead
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,640.75 +66.02 (+0.31%) S&P 500: 2,473.83 +13.22 (+0.54%) AUD/USD: 0.7955 +0.0002 (0.03%) ASX200 SPI futures (Sept contracts): 5,695 (+30) Iron ore benchmark 62% fines: $US70.24 (+2%) 1. Currencies fluctuate: The US dollar index rose by 0.2% overnight but remains below 95 cents, with markets […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS CLIMB, BANKS SURGE: Here’s what you need to know

Australian shares closed higher for the first time this week. Today’s scoreboard: ASX 200: 5,732.10 +44.71 (0.79%) All Ordinaries: 5,779.40 +41.25 (+0.72%) AUD/USD: 0.7935 +0.0018 (+0.23%) Bank stocks were the story of the day, surging higher following APRA’s announcement this morning on the level of capital that Australian banks need […]
AUSTRALIAN STOCKS CLIMB, BANKS SURGE: Here’s what you need to know
Markets

Australian bank stocks are flying

Australian bank stocks shot higher this morning following APRA’s announcement on capital requirements, and they’re picking up even more steam in afternoon trade. ANZ bank is leading the way, a short time ago up more than 4%. All other three majors are now more than 3% higher, with Westpac second […]
Australian bank stocks are flying
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,574.73 -54.99 (-0.25%) S&P 500: 2,460.61 +1.47 (+0.06%) AUD/USD: 0.7917 +0.0116 (+1.44%) ASX200 SPI futures (Sept contracts): 5,693 (-4) Iron ore benchmark 62% fines: $US68.84 (3.04%) 1. Aussie consolidates: The AUD continued its strong performance against the major currencies overnight, as global markets assessed […]
6 things Australian traders will be talking about this morning
Markets

Australian consumers are buying new cars at a record rate

New motor vehicle sales hit a new high in June, according to data released today by the Australian Bureau of Statistics. Data for June showed the sale of 102,775 new motor vehicles in seasonally adjusted terms. It represents a gain of 1.2% from the previous monthly record of 101,074, with […]
Australian consumers are buying new cars at a record rate
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,629.72 -8.02 (-0.04%) S&P 500: 2,459.14 -0.13 (-0.01%) AUD/USD: 0.7800 -0.0002 (-0.03%) ASX200 SPI futures (Sept contracts): 5,693 (-4) Iron ore benchmark 62% fines: $US66.81 (1.63%) 1. China gets the wobbles: After months of calm, there were significant moves in Chinese stocks yesterday with […]
6 things Australian traders will be talking about this morning
Markets

Bitcoin and Ethereum both crashed over the weekend

Both the major cryptocurrencies fell heavily over the weekend, continuing a recent trend of increased volatility. Bitcoin fell below $US2,000 for the first time since May 17, and hit a weekend low of $US1,758.20 before rallying back towards $US1,900. Bitcoin continues to be plagued by uncertainty stemming from disagreements among […]
Bitcoin and Ethereum both crashed over the weekend
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,637.74 +84.65 (+0.39%) S&P 500: 2,459.27 +11.44 (+0.27%) AUD/USD: 0.7824 -0.0006 (-0.03%) ASX200 SPI futures (Sept contracts): 5,704 (+14) Iron ore benchmark 62% fines: $US65.74 (-0.26%) 1. US data misses the mark (again): The US dollar index fell to a 10-month low and bonds […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,553.09 +20.95 (+0.10%) S&P 500: 2,447.83 +4.58 (+0.19%) AUD/USD: 0.7732 +0.0053 (+0.70%) ASX200 SPI futures (Sept contracts): 5,684 (-9) Iron ore benchmark 62% fines: $US65.91 (+2.8%) 1. Markets stay on track: Global markets tracked on a similar path to the previous […]
6 things Australian traders will be talking about this morning
Markets

Ethereum is back on the charge

Time for a scoreboard check on Ether, the cryptocurrency which trades on the Ethereum blockchain. The Ether rollercoaster is back on an upward path, jumping almost 20% overnight after steep falls earlier in the week. The rise of Ether, and subsequent increase in volatility has made for quite a run […]
Ethereum is back on the charge
Markets

MAP: The Australian suburbs where house prices are about to take off

National Australia Bank’s quarterly index for residential property has been released for the 3 months to the end of June. The index is based on a survey of around 260 property industry professionals. After hitting a 3-year high in March, sentiment cooled somewhat in June with the index returning in […]
MAP: The Australian suburbs where house prices are about to take off
Markets

Canada lifted rates, and its dollar went nuts

The Canadian dollar rose to an 11-month high against the greenback overnight, after the Bank of Canada’s decision to raise interest rates. The BoC moved the benchmark cash rate up by 0.25% to 0.75%, and the “loonie” is buying more than US78 cents for the first time this year: While […]
Canada lifted rates, and its dollar went nuts