For the week beginning 1 June 2015, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) has increased and moved back above 60 to 61. This represents a bullish stance. See below for notes on the indicator. Click on the image below for a larger, clearer image of the S&P/ASX […]
S&P/ASX 200 (XJO) Sentiment Indicator up to 61 Read More »
The Health Care and Industrials sectors continue to lead the way in the latest ASX Sector Analysis for the week beginning 25 May 2015. The ASX Sector Analysis is conducted over three time frames – the last 3 months, 6 months and 12 months. If a sector appears above the S&P/ASX 200 index (XJO), then
ASX Sector Analysis – Health Care and Industrials Lead the Way Read More »
The most widely-watched consumer sentiment survey has jumped 6.4 per cent in May following an interest rate cut and the federal budget. The Westpac-Melbourne Institute index hit 102.4, which indicates that optimists narrowly outnumber pessimists – it is the first positive reading since February. Consumer sentiment is now running around long run averages. The findings
Australian Consumer Confidence Jumps on Budget and Rate Cut Read More »
The Reserve Bank of Australia (RBA) left open the possibility it might cut interest rates further, minutes from its May 5 meeting showed, triggering a slump in the Australian dollar on Tuesday. In the minutes from the meeting that saw the RBA cut rates to a record low of 2 percent, the central bank acknowledged
AUD/USD Trading Around 0.80 after RBA Minutes Read More »
