Tag: asx chart
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
US & Australian Market Commentary 25 July 2016 - Aussie market made the highest level for 2016 so far, how long will it stay bullish?
The Aussie market on the other hand did break higher above recent highs and made the highest level for 2016 so far. Because of this the picture is looking very different and a lot more Bullish at this point in time. However I believe it will all come back down to what the US markets do as to just how Bullish the Aussie market will be.
If you are unaware, the UK voted to leave the EU and we have seen MASSIVE moves in currency and stock markets worldwide. The UK PM has resigned and Obama had to reassure US markets that everything is still ok. The ripple effects of this are still to play out and uncertainty will continue for a little longer yet. One thing is for sure ...
Read more about Market Commentary - 27 June 16 - BREXIT Edition