Tags » Australia & NZ

ASX 200 Narrow Line

The ASX 200 continues to consolidate in a narrow line between 5650 and 5800. Declining Twiggs Money Flow warns of selling pressure and breach of support at 5650 would signal a primary down-trend. 113 more words

Stock Markets

ASX 200 Selling Pressure

June Quarter retail sales are up 1.4% over the preceding quarter, the best June Quarter since 2012.

Vehicle sales for June 2017 also reflect healthy growth over previous financial year ends. 407 more words

Stock Markets

Australia: Housing, Incomes & Growth

A quick snapshot of the Australian economy from the latest RBA chart pack.

Disposable income growth has declined to almost zero and consumption is likely to follow. 231 more words

Australia & NZ

ASX banks spoil the iron ore party

I underestimated the strength of iron ore which has now broken resistance at 70, suggesting that a bottom is forming. Strength of the latest rally indicates that the next correction is likely to find support at 60. 105 more words

Stock Markets

ASX stalls

Iron ore is testing resistance at 70. Respect would warn of another test of primary support at 53, while breakout would suggest that a bottom is forming and the next correction is likely to find support at 60. 152 more words

Stock Markets

Stronger dollar, weaker inflation could check rate hawks

Jens Meyer at the AFR says that a stronger Dollar and low inflation are likely to prevent the RBA from raising interest rates for some time: 217 more words

Australia & NZ

ASX 200: It's down to iron ore

Iron ore encountered resistance at $70 per ton. Another test of primary support at $53 is likely. But a failed down-swing would be a bullish sign. 176 more words

Stock Markets