Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
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.
All eyes will be on France this weekend as they go to the polls. Their system is a little different to our own. If there is no clear cut winner when they vote on Sunday then there will be a round two of voting in two weeks’ time between the top 2 candidates. The winner of this will become France’s new leader. Why is this of any concern to us or the markets you may be wondering?
The ASX200 closed at 5854, down 0.6% in this shortened week of trading. The resource sector saw strong selling earlier in the week as iron ore and coal prices declined. Investors were also cautious of political tensions between America, China and North Korea.
Read more about Phillip Capital Market Wrap 21-04-17