Tags » Australia & NZ

ASX 200 retreats

The ASX 200 broke down below its recent consolidation, signaling another test of support at 5600. There is no indication on Twiggs Money Flow of unusual selling pressure and at present I expect support to hold.

* Target medium-term: 5800 + ( 5800 – 5600 ) = 6000

Stock Markets

Australia & Canada in 4 charts

RBA governor Phil Lowe recently made a speech comparing the experiences of Australia and Canada over the last decade. Both have undergone a resources and housing boom. 106 more words

US & Canada

ASX banks lead the charge

The ASX 200 followed-through above 5750 after respecting its new support level at 5600, indicating an advance to 6000*. Rising Twiggs Money Flow signals buying pressure. 78 more words

Stock Markets

Seven Signs Australians Are Facing Economic Armageddon

Economics advisor John Adams warns that Australia faces “economic Armageddon” because of “significant structural imbalances” not seen since the lead up to the Great Depression in the 1920s. 864 more words

Australia & NZ

ASX finds support

The ASX 200 respected its new support level at 5600. Twiggs Money Flow respected the zero line, suggesting buying pressure. Follow-through above 5750 would offer a target of 6000*.

* Target medium-term: 5800 + ( 5800 – 5600 ) = 6000

Stock Markets

ASX 200 correction

The ASX 200 continues to test its new support level at 5600. Twiggs Money Flow is now declining, reflecting medium-term selling pressure. Breach of support is likely and would test the lower trend channel around 5500 but the primary up-trend is unchanged. 40 more words

Stock Markets

Australia at risk as USD rises

NAB are predicting that the RBA will cut rates twice in 2017.

This ties in with the Credit Suisse view: if Donald Trump succeeds in reducing the US trade deficit, it will cause a USD shortage in international markets. 59 more words

US & Canada