Trading

Survey shows consumer confidence down 5% in March

Consumer confidence fell by 5% this month according to the latest survey from Westpac-Melbourne Institute in yet another sign that the Australian economy is particularly fragile as downward headwinds continue to circle. The confidence index for March slumped below the 100 mark which divides optimism from pessimism, but interestingly, there was a sharp divide between…

Analysts warn slow economy will quicken interest rate cuts

Declining household consumption and rising unemployment are among the downside headwinds that could force the Reserve Bank (RBA) to change course and lower its economic growth forecasts, a leading analyst said on Thursday. Westpac chief economist Bill Evans believes growing pressure on the economy could force the RBA to intervene on two occasions this year,…

Australia would choose security over economic ties with China: Costello

Future Fund chairman Peter Costello believes security will be the biggest factor that defines Australia’s relationship with China moving forward, even if any decision on the access and sharing of technology would have a negative impact on the economy. Speaking at the Australian Financial Review’s business summit earlier this week, Costello weighed in on the…

Senate inquiry leads to plummeting Afterpay shares

Shares in staggered payments company Afterpay have dropped heavily after news emerged that the Senate is planning an inquiry into so-called “debt vultures,” which include schemes offering a range of services that are not currently under cover of the banking Royal Commission. This means that payday lenders, schemes that offer lease-to-buy purchases and those who…

Which forex brokers in Australia are at the top of their game?

Broker comparisons are part of the due diligence you must perform when you first learn to trade CFDs, shares or commodities. Doing broker research is often encouraged in forex trading advice and similar investing fundamentals articles, for good reason. You cannot trade without a suitable platform, and these are provided by brokers. Each broker has…

Forex competition under the spotlight from ACCC

Another inquiry is underway to look at unfair trading practices from Australian banks, but this time, the Royal Commission will not lead it. The Australian Competition and Consumer Commission (ACCC) announced this week that it is launching an investigation into how fairly some brokers behave in levying fees on investors trading Forex. The ACCC said…

India to continue buying Iranian oil despite sanctions

India has confirmed that it has yet to decide whether it will completely stop buying oil from Iran in the face of imminent sanctions placed on Tehran by the US. After China, India is the second-largest importer of Iranian oil. Although it has already reduced its reliance on oil from the Middle Eastern nation, India…

Two-thirds of British businesses still unprepared for Brexit

With a no-deal Brexit looking more likely with each passing month, businesses in the UK should be developing contingency plans in case Britain and the European Union (EU) do not reach an agreement. However, figures from a survey carried out by the British Chamber of Commerce (BCC) show that not only do almost two-thirds of…

ANZ set to grow in Asian markets

Melbourne-based ANZ should continue its turnaround of results as its expansion into Asian markets looks set to deliver positive returns. Despite seeing the same negative effects as other major Australian lenders due to the Royal Commission inquiry into financial misconduct, ANZ has found a way to turn a poor fiscal year around with smart investments…

Australia to work with France in South China Sea

Australia and France are set to work together in the South China Sea as they look to limit the sole strength of China in the region. As the trade wars between China and the US intensify, there is concern that China will make further inroads into territory in the South China Sea, which countries such…

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