Tags » Australia & NZ

ASX: Banks and Miners v the Rest

The struggle between miners and banks is changing.

The ASX 200 rallied this week, breaking out of its downward trend channel. Although in a primary down-trend after breaching 5800, the index is enjoying strong support. 55 more words

Stock Markets

Australian gold stocks rally despite stronger Dollar

Interesting turn in the gold/dollar saga.

The US Dollar Index is strengthening, testing resistance at 91. Bullish divergence on the Trend Index indicates buying pressure. 92 more words

Australia & NZ

ASX: Miners versus Banks

The struggle between miners and banks continues.

The ASX 300 Metals & Mining index is rallying strongly. Breakout above 3600 and the descending trendline suggests that the correction is over and a new advance is underway. 88 more words

Stock Markets

ASX 200: Miners versus Banks

Direction of the ASX 200 is generally dictated by the two largest sectors: banks and miners.

The ASX 300 Metals & Mining index rallied off its long-term rising trendline this week. 116 more words

Stock Markets

Banks lead ASX 200 lower

The ASX 300 Banks index is retracing to test the primary support level at 8000 breached 3 weeks ago. Trend Index peaks below zero warn of selling pressure. 213 more words

Stock Markets

ASX slipping over the edge

The ASX 300 Banks index followed through after breaching primary support (at 8000) last week. Bearish divergence on the Trend Index confirms strong selling pressure. Expect a primary decline to target the 2016 low at 7100. 58 more words

Stock Markets

Productivity Commission takes a swipe at banking regulators

From Clancy Yeates at The Age:

The Productivity Commission last month took aim at speed limits imposed on lending to property investors in 2014, and 2017 caps on interest-only lending, saying the policies were a “blunt intervention with detrimental effects on market competition”.

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Australia & NZ