Australia’s banks are well positioned despite global market turmoil and concerns over the Chinese economy but profit growth is set to slow in 2016, according to a leading ratings agency. Fitch Ratings expects increased funding costs, pressure on cost management and a modest increase in loan impairment charges to put a lid on profit growth. …
Fitch: Australian Banks are Well Positioned for 2016 Read More »
Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, specifically the ASX200 index, the Australian dollar (AUD/USD), and RBA and Fed plans. Specifically I was asked about the recent decline in the ASX200 index and its current significant levels. We talked about the influence that China …
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
AUD/USD The Australian dollar hasn’t started the new week well falling sharply to below 72 US cents, however yet again this key level kicked in and provided the A$ ample support. This level has been significant for the last several months and continues to play a role. The question will be how much it can …
ASX200 The ASX200 continues to trade in no man’s land between two key levels of 5000 and 5400. In the last two weeks, the resistance has lowered as sellers have entered the market lower than previously pushing the recent highs down to around 5300 from the previous resistance at 5400. The 5000 level remains the …
