I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype. My questions and my responses in the form of brief notes are below: Q1. Oil falls below US$30 a barrel. Where will the new-year rout end? There continues to be a range of factors in oil’s slide so far, with a […]
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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
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AUD/USD The Australian dollar has fallen sharply overnight as concerns grow over China’s economic outlook. The PBOC setting the currency’s reference rate at a weak level sends a shockwave through markets similar to August 2015 when China devalued their currency last time. The previous support level for the Australian dollar at 72 cents was no
Thanks to China, AUD/USD Now Eyeing Support at 0.70 Read More »
I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype. My questions and my responses in the form of brief notes are below: Q1. We saw a bruising sell-off in global equity markets on the first trading day of the year. Will 2016 be a tough year for stocks? I think
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