Is a global cyclical recovery underway?
China reported a June manufacturing PMI 50.9 vs. 50.5 consensus and non-manufacturing PMI 54.4 vs. 53.6 consensus. Cyclical currencies should outperform in an environment where investors are more focused on improving activity data than on more medium- to long-run structural concerns that are proving to be a headwind for high-carry FX Asia these days. The…
ASX closes flat for 2nd straight day
The Australian share market has closed flat after losing ground in the morning, but recovering those gains in the afternoon. The S&P/ASX200 benchmark index finished on Monday up just 1.9 points, or 0.03 per cent, at 5,944 points, after being down 61.5 points shortly after the open and up 30 points in midafternoon trading. The…
Sydney Airport traffic down 97% in May
Sydney Airport has reported a 97.4 per cent slide in passenger traffic in May, following travel restrictions to check the spread of coronavirus. Australia’s biggest airport had total passenger traffic of just 92,000 passengers during the month, compared to 3.5 million a year ago. Of this, only 29,000 international passengers passed through its doors. May’s…
Unemployment rate rose further in May
Australia’s unemployment rate jumped to a seasonally-adjusted 7.1 per cent in May, its highest level since 2001, following coronavirus-related lockdowns. There were 227,700 jobs lost during the month, with a decrease of 89,100 jobs in full-time work and 138,600 people in part-time employment, figures from the Australian Bureau of Statistics showed on Thursday. The Australian…
Jobs started to pick up in May
Australian payrolls began to gradually pick up in May after record falls seen the previous month, though jobs were still down sharply compared to before coronavirus lockdowns shut much of the economy. The Australian Bureau of Statistics reported payroll jobs rose 0.4 per cent in the final week of May, compared to the previous week,…
How Has Forex Changed In The Past Decade?
Forex – also known as FX or foreign exchange trading – is the largest financial market in the world, with a staggering trading volume of $5 trillion every single day. That means its average activity is more than double that of the stock market, which trades ‘just’ $212 billion a day. Today, millions of people…
ASX hangs on to finish higher for 7th day
The Australian share market has finished marginally higher, in its seventh straight day of gains, ahead of a meeting by the US Federal Reserve Open Markets Committee (FOMC). The S&P/ASX200 benchmark index closed on Wednesday up 3.5 points, or 0.06 per cent, at 6,148.4 points, while the All Ordinaries index gained 6.4 points, or 0.1…
ASX edges higher with gains for 5th day
The local bourse has shrugged off its early losses to close at a fresh 13-week high despite a slumping CSL dragging down the market. The S&P/ASX200 benchmark index finished Friday up 6.9 points, or 0.1 2per cent, at 5,998.7 points, while the All Ordinaries index closed up 4.5 points, or 0.07 per cent, at 6,116.5….
An Exclusive Interview with the CEO of Centrum Markets
This week we had the pleasure of sitting down with Chris Theodorou – CEO of Centrum Markets, a fast-growing and fully Regulated STP Forex Broker and discuss the company, what led to its success, and its plans for the future. 1. What is the reason behind Centrum Markets creation, and what is your mission? Well,…
The psychological effects of the pandemic
These social, political and economic changes can be grouped into four categories; new, accelerated, busted and possible trends. In 1930, 1,028 economists signed a letter to Herbert Hoover urging the US president to veto a bill that would raise tariffs once it became law. Hoover refused and the US raised taxes on about 20,000 imports…
