Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
Trump - Media frothing at the mouth – Banks in the red corner, Government in the blue, Referee yet to decide – ICI’s offspring’s are doing nicely – Flight Centre in the air again – BHP, "oils ain’t necessarily good oils" – Unemployment down but further to go – Wesfarmers stays in the Officeworks.
Read more about Australian Stock Market Report 19 May 2017
No surprises from the French election as Macron wins by a very large margin just like what the polls were showing just before the election. Don’t think that it will be all sunshine and rainbows for Macron moving forward for himself or for France. This is where the hard work begins as there are still deep issues France and the rest of Europe need to deal with that will just not go away.
Banks suffer Full Frontal Attax – infrastructure the word of the week – But life goes on after the budget – Market again in search of 6,000 points – Are you shopping less now but enjoying it more?
AUD USD Forex News: Up till 1:30 PM this Friday, Aussie dropped 361 pips this week about 0.4%. Current rate is 0.7374...
Read more about AUD USD News - Weekly Forex Report - 12/05/17
The ASX200: Closed at 5834, down just 0.07%, with the animal spirits struggling to take direction as investors digested the Annual budget released on Tuesday night.
Read more about Phillip Capital Market Wrap 12-05-17
Just how much more does the CAC 40, which is the French stock market, along with the other European stock markets have in them if Macron wins? Will it be the typical buy the rumour and sell the fact, effect taking place?
Banks of all sorts were the flavour of the week – Fresh Food People are just what the customers wanted – Travel businesses are on top of the world – packaging companies got the wrong box.
The ASX200 closed at 5836, down 1.37%, as the bears dominated most of the momentum in the market this week. The Index reflecting the DOW’s pullback as investors have taken some profits off the table and prepare for the market’s reaction post French election this weekend.
Read more about Phillip Capital Weekly Market Wrap 05-05-17
We are back to the crossroads once more with the Aussie and US markets, as we are within Cooee of retesting the all-time highs in the US and the highest top in the Aussie market since the end of the 2007-2009 Bear market. Do we break on through to the other side?
French Connection 2017 style – Tax cuts come up Trumps – Fish oil sales sink, yet ironically fish oil seller (Blackmores) shares ascend – should it be ACE 2 Milk not A2 Milk? Read more on Australian stock market report for this week.