Markets

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Trading Day – time for the ASX200?

Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. Yet

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Market Morning

There were three major data/news/comments that moved markets last night. First, a German based expectations index (the IFO) rose, which is a good leading indicator of the powerhouse German economy but was in stark contrast to the weak PMI data of last week. Next, Chancellor Merkel gave hope to a merging of the temporary EFSF

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Trading Day

Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. It

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Market Morning

Lets check out what happened in detail on Friday night before the open of the local markets – remember to read my weekly analysis of all major macro markets in Trading Week to put this daily noise in context. The  UK FTSE finished flat at 5854, the German DAX easing up 0.2% to 6995 points, just below the important

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Trading Week

So where have the markets gone this week? Past the daily noise and headlines, this weekly very chart heavy post will examine the major markets (debt, commodities and currencies) before analysing the Australian stock market – the ASX8 (top four banks and top four miners, plus a few others that raise their heads..) US Dollar

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Trading Day – ASX knock down

Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. The

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Market Morning

Lets check out what happened in detail last night before the open of the local markets – remember to read Trading Week to always put this daily noise in context. The European PMI’s disappointed strongly last night and were likely behind the falls on the Euro bourses. UK FTSE finished down 0.8% at 5846, the German DAX falling

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Trading Day – AUD smackdown!

Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. Well

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Market Morning

Lets check out what happened in detail last night before the open of the local markets – remember to read Trading Week to always put this daily noise in context. The UK budget was handed down last night although I’m not if that was behind the initial surge on the UK FTSE which then finished flat (maybe

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Chart of the Day: no limits on profit

James Montier of GMO (home of “doomster” Jeremy Grantham) published a fascinating note recently on profit margins, with a narrative around the well established concept of “reverting to the mean”. Two charts stood out, as Montier explained the macro drivers behind US corporate profits. The first is the historical review of US corporate profit margins

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Trading Day – crestfallen Newcrest

Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. The

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Market Morning

The fallout continues from the slowdown in Chinese growth and a rise in fuel prices, well that’s what the news flow gives reason to the falls/dips/bumps in risk markets overnight. The only major data to move the market was UK inflation (covered here) and US housing starts (which I’ll look at later this morning). Lets

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Trading Day – is BHP beaten?

Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. The

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Market Morning

So Apple (AAPL) decided to give back some of its nearly $US100 billion cash hoard in the form of a (paltry) dividend and a share buyback – at 1.8% yield, its not that exciting. Is APPL running out of ideas or just being prudent with its capital management? Lets check out what happened in detail before

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Trading Day – 19th March

Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. Regular

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Market Morning

Well that was a fun (and wet) weekend, and now its on again. Lets check out what happened in detail before the open of the local markets – remember to read Trading Week to always put this daily noise in context, which will be updated tomorrow, including my trading ideas for the week coming. Most risk markets

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Trading Week

So where have the markets gone this week? Past the daily noise and headlines, this weekly post will examine the major markets (debt, commodities and currencies) before analysing the Australian stock market. First the wrap-up from Friday’s night session on European and American markets: Most risk markets in Europe rose, with UK FTSE up 0.4%

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Trading Day – 16th March

I’m beginning to repeat myself, but the local market, the S&P/ASX200 index has rejected the 4300 point level again, finishing flat at 4277 points: In fact I don’t even need to upload a different chart – but I will tomorrow when I cover the ASX200 and other global markets in my weekly “Trading Week“. On

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Market Morning

The good data continues to roll out of the US, with jobless benefits claims down, manufacturing expanding and most importantly, the new iPad coming out today sending AAPL to over $600: By the way, that’s a semi-log scale chart, not linear! Lets check out what happened in detail before the open of the local markets –

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Trading Day – 15th March

So here we are gain, with the local market, the S&P/ASX200 index rejecting the 4300 point level again, slipping down 0.2% to 4277 points: Note the lower lows in the last couple of weeks. This is not a bullish sign, but only a short term indicator, so highly unreliable. In my weekly “Trading Week” (posted

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Market Morning

As I reported earlier, the Chinese Premier Wen Jiabio “surprised” the Asian markets with his comments about clamping down on China’s property bubble. The sell off didn’t continue in magnitude but Euro/US markets were subdued. Lets check out what happened in detail before the open of the local markets – remember to read Trading Week to always

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Trading Day – 14th March

So here we are gain, with the local market, the S&P/ASX200 index rising nearly 1% to nearly 4300 points, so we’re nearly there: In my weekly “Trading Week” (posted on Saturday mornings after US/Euro session closed) analysis I reiterated that the local bourse needs to snap above this resistance level before moving into a new

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Market Morning

Apologies for a truncated Trading Day post yesterday, but the day got ahead of me and cloning technology has not yet been perfected. It was a big night – that much is clear with a quick glance at the quote screens. But why? As I reported earlier, the FOMC decided to keep US interest rates

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Trading Day – 13th March

Volatility returned to Asian markets today, the good kind, unless you were Japanese. The Nikkei 225 was up over 1% leading into the Bank of Japan (BOJ) meeting, and the fell flat on the fickle monetary policy measures on offer. As usual “free” markets were expecting more printing of money to embolden the mind… The

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Market Morning

Benign moderation has returned to the markets, in the absence of the continuing Greek debt crisis, post-default, and significant data releases (except confirmation of the recession in Italy). A quiet night for a change or the norm? Lets check out what happened in detail before the open of the local markets – remember to read Trading

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Trading Day – 12th March

Markets floated down today, the official reason being the awkward response to the flurry of official Chinese data over the weekend. Also today the PBOC let the official currency (reminmbi, sometimes called the yuan) float in a wider range – its a formally managed float, ie. almost fixed. As a consequence, it fell against the

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Trading Week

So where have the markets gone this week? Past the daily noise and headlines, this weekly post will examine the major markets (debt, commodities and currencies) before analysing the Australian stock market. First the wrap-up from Friday’s night session on European and American markets: The soft default in Greek debt – amounting to about $3

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Trading Day – 9th March

Dirty deeds, done dirt cheap, as the Greek debt-swap deal was finally completed today. Next, Portugal, Spain and Italy. And Ireland? Let’s forget those negative waves for now and focus on something righteous: the local market, the S&P/ASX200 surged towards the close, up 1% to 4210 points. It seems that support at around 4100 points

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Market Morning

Greece is the word, not the bird (which is what they should be giving to the bondholders). We had a reversal in risk markets overnight, as the Pyrrhic debt deal takes hold. You’ll have to wait until Delusional Economics does his epic reporting, because I’m as confused as you to what’s really going on! Lets

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Trading Day – 8th March

Markets bounced back today, responding to the good data led gains on Wall Street overnight, but locally the data flow was not as good, although the unemployment numbers failed to take the gloss off the action as the Japanese economy contracted less than expected amidst a record current account deficit (CAD) print. Markets are weird