Tags » Australia & NZ

ASX 200 bullish respect of support

The ASX 200 retracement respected support at 5540/5560. Breakout above 5590 would confirm an intermediate target of 5700* for the advance. Rising 21-day Twiggs Money Flow indicates medium-term buying pressure. 12 more words

Stock Markets

Platinum founder warns on property “act of faith”

By Leith van Onselen

The founder of Platinum Asset Management, billionaire investor Kerr Neilson, has released an interesting report warning about Australia’s frothy house price valuations and the risks of a correction once… 447 more words

Australia & NZ

Work for the Dole doesn't work - but here is what does

From Jeff Borland, Professor of Economics at University of Melbourne:

…95% of the time a government spends thinking about unemployment should be spent thinking about ways to promote economic growth.

15 more words
Australia & NZ

World wakes to APRA paralysis | Macrobusiness

Posted by Houses & Holes:

Bloomberg has a penetrating piece today hammering RBA/APRA complacency on house prices, which will be read far and wide in global markets (as well as MB is!): 318 more words

Australia & NZ

Consolidation expected

  • S&P 500 retreats below 1985.
  • VIX continues to indicate a bull market.
  • ASX 200 breaks resistance.

The S&P 500 retreated below its new support level at 1985, indicating a false break. 224 more words

US & Canada

ASX 200 finds support

The ASX 200 is holding above its new support level at 5550/5560. Breakout above 5600 would confirm a medium-term target of 5700*.

* Target calculation: 5550 + ( 5550 – 5400 ) = 5700

Stock Markets

BHP fuels ASX 200 surge

A surge in production from miner BHP Billiton — shipping 223 million tonnes in FY 2014 against earlier projections of 207 million tonnes — helped the ASX 200 break through resistance at 5550/5560 today. 64 more words

Stock Markets