The Property sector has been making a move higher up the rankings in the the latest ASX Sector Analysis for the week beginning 14 September 2015. The Energy and Materials sectors continue to bring up the rear across all time frames as more and more sectors are turning red. Over the last 3 and 6 …
AUD/USD Despite some relief in the last few days which saw the Australian dollar rally to back above 70 US cents, the bears have jumped back into the market and pushed the AUD/USD to back below 70 cents again. In doing so it has formed a classic reversal candlestick pattern called a pin bar which …
AUD/USD Drops Below 0.70 Again as ASX200 Enjoys 5000 Read More »
AUD/USD After enjoying and relying upon the key support level at .70 in the last week, the Australian dollar has since drifted lower to new six year lows near 0.69. The round number of 70 cents is significant and is likely to be on traders’ minds as the AUD/USD remains right in touch with the …
AUD/USD Enters New Territory as ASX200 Enjoys 5000 Read More »
Consumer confidence has slumped to a 14-month low amid renewed worries about Australia’s economy. The latest ANZ-Roy Morgan consumer confidence index slipped 5.8 per cent last week after official figures showed Australia’s economy grew by a weaker-than-expected 0.2 per cent in the June quarter. The index slipped to 106.7, its lowest level since July 2014 …
Australian Consumer Confidence Dented by Weak Economic Data Read More »
