All Eyes on the Fed’s Next Moves on Rates
A pessimistic mood permeated the markets ahead of the FOMC rate decision, with traders nervous that Jerome Powell might not be as dovish on the rate outlook as the market hoped. With a 25-basis point rise essentially baked into the cake at this point, market direction would move further south if the Fed signals that…
Glimmer of hope in US factory data; global tension rises
There was a glimmer of hope in US Factory numbers on Friday. This is according to the S&P500 Global PMI Index which rose to 50.4 in April. We are looking at flat at best overall activity in the sector, and at very modest levels. The New Sales component rose for the first time in six…
Tech Sector Earnings on the Radar of Traders
Earnings reports from the big names in the tech sector will be firmly on the radar of traders this week and are likely to be the key drivers of market direction, particularly with the Fed now entering its blackout period (ahead of the May FOMC meeting). So, in the absence of any new rhetoric on rates…
How to Start Trading Commodities in Australia
Commodities are a very popular investment in Australia. If you’re an Australian resident you may already know that the Australian economy is highly dependent on this asset class. Trading commodities can be a very profitable activity so in this article we will explain everything you need to know to start trading commodities in Australia. What…
How to Start Trading Forex in Australia
Foreign exchange trading, also known as forex trading, refers to buying and selling currencies to profit from differences in exchange rates. There is no centralised marketplace for swapping currencies – forex trading simply occurs over the counter (OTC) via computer networks. In this article, we’ll discuss several key aspects to help novices start trading forex…
Evening Markets Report – 20th February 2023
The Australian sharemarket inched higher today, starting the week on a positive note after last week’s losses. The S&P/ASX 200 index rose by 5 points or 0.06 per cent to 7352 points, after a relatively flat trading session. In Australia on Monday, four out of the twelve industry sectors posted gains. Financials gained the most…
The Week Ahead – 17th February 2023
Aussie wages. US economic growth and inflation. All roads lead to inflation in the current environment. So the key indicator to watch is the coming week in Australia is the wage price index (WPI), a key influence on inflation. The report is slated for release on Wednesday. In the September quarter wages rose by 1…
Evening Markets Report – 17th February 2023
The ASX 200 fell by 63.6 pts or 0.86 per cent on Friday to 7346.8, taking the losses to ~1.1 per cent this week and dragging the index closer to Wednesday’s 4-week low. The enthusiasm that pushed the ASX 200 to near record highs earlier this month has clearly died down recently, not helped by…
Evening Markets Report – 16th February 2023
The Australian sharemarket rose on Thursday, bouncing off a 4-week low and doing enough to recoup most of the prior session’s declines. A surprisingly soft monthly update on employment encouraged buying; giving the Reserve Bank another reason to potentially slow the pace of rate hikes. The S&P/ASX 200 index rose by 58 points or 0.8…
Evening Markets Report – 15th February 2023
The Australian sharemarket had one of its most significant declines of the year so far, with the ASX 200 sliding by 78.7 pts or 1.1 per cent to 7352.2 and hitting a 4-week low in the process. The local bourse has only improved twice in eight sessions, due in part to increased rate hike concerns,…
