Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
Highlights: A Royal Bloodline for CSL in China – Vocus still out of focus but the vision is a bit clearer – Unemployment down - Consumers not “happy chappies” – But business is Cock-a-Hoop – May versus Macron political points even after first encounter – Rates up in the U.S-- but that’s good as its economy is purring.
As mentioned last week that what if the leaders, the stocks that were doing all the heavy lifting tripped or stumbled? This is what occurred on Friday and you can see the technical damage in the daily charts of the FANG stocks I have included in the Appendix below.
Read more about Australian & US Market Report - 12 June 17
Highlights: Economy limping but not staggering - Reserve Bank a rock of content - AGL still cooking with gas – Wesfarmers going down down to Coles way – Vocus in the Vulture’s focus – “make mine milk mum”, A2 that is – May wins in June-just!
Milestones were reached in the week just gone. We had the 3 main US markets (S&P 500, DJIA & NASDAQ) making new all-time highs for the first time since 1st March. We have also had both Amazon (AMZN) and Alphabet better known as Google (GOOGL) racing each other to the BIG round number $1,000 per share level.
Brief post Koh Samui Report or The Market Last Week, Next Week and Stock tips 2nd June 2017
In recent years, China has had a huge demand for Australian produced products, such as milk powder, vitamins, beauty products and luxuries. The reason behind this is the fear of food safety that Chinese people face in the local markets...
Read more about “Daigou” – The Special Exporting Channel to China
Highlights: Challenger annuities demand strong – Australian fashion retail sees another blow – Sigma’s lawsuit with customer – Tech Stocks that aren’t US Giants – BHP and more.
PhillipCapital Australian Dollar Weekly Wrap - AUD USD News. Up till 4PM Friday, AUD is down 185 points, about 0.02%. Current price is 74.319 US cents.
Read more about AUD USD News - Weekly Forex Report - 26/04/17
Weekly market wrap for 26th of May 2017. More updates on ASX 200, local market data, commodities (crude oil, gold, iron ore) and currencies.
Read more about Phillip Capital Market Wrap 26-05-17
As mentioned last week the US markets have moved back up to retest their March 1st all-time highs and they have done this on fewer and fewer stocks. This last week shows what can happen when these fewer and fewer stocks break traction, the market can lose control.