The populations of key countries are shrinking
This new, yet largely ignored, trend comes with underrated economic and social costs. Released by US film producer Mike Moore and timed for the 50th Earth Day in April, the documentary Planet of the Humans tells how renewable sources of energy are flawed replacements for fossil fuels as a way to mitigate the dangers of…
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…
Oil remains under pressure due to volatile inventory
Are strategically positioned oil traders willing to look through the volatile nature of the inventory data and willing to buy the dips? Oil prices spiked after the Fed indicated they would keep their fire fighting gear at hand, but then came off hard after nudging within an earshot of WTI $40. As we saw in…
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,…
Kogan sales jump amid online shopping boom
Online shopping trader Kogan has reported a surge in sales during April and May even as coronavirus lockdowns restricted activity in the retail sector. Kogan said in a fourth quarter progress report gross sales were up more than 100 per cent from a year ago while gross profit improved more than 130 per cent for…
Oil recovers from session lows
Brent recovered from session lows and is anchored to $40 per barrel into the New York close, but traders are still waiting for clarification on OPEC free-rider dispute. The primary point of contention is centred on Iraq and Nigeria’s long-standing non-compliance to virtually all of OPEC + production deals as Russia and Saudi are right…
