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. I mentioned how the 5400 level had …
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
Australian Dollar Looks Lost The Australian dollar continues to trade within a narrow range between 0.73 and 0.74 where it has mainly loitered for the last month, but interestingly it seemingly looks stuck in no man’s land. It doesn’t know where to turn next. It has depreciated significantly against the US dollar amongst other major …
Australian Dollar Looks Lost as ASX 200 Continues to Struggle Read More »
Australia’s central bank said a weakening currency is assisting a transition away from mining investment, while adding that accommodative policy remains appropriate to support growth. “Economic activity had generally been more positive over recent months,” it said Tuesday in minutes of its Aug. 4 meeting when interest rates were left at a record-low 2 percent. …
RBA Minutes: Lower Australian Dollar Aiding Economic Transition Read More »
Consumer confidence has fallen, handing back the gains made in previous weeks. The ANZ/Roy Morgan weekly consumer confidence index fell 0.4 per cent to 112.5 in the first full week of August, after gaining 5.5 per cent in the previous three weeks. Households’ views of their personal finances fell 2.7 per cent last week, after …
AUD/USD Drops to 0.7350 after Consumer Confidence Falls Read More »
