Aussie Dollar Under Pressure
As I write this article on Wednesday afternoon, 16 May (is that the date already?!), the Australian Dollar is trading at just under 99 US cents, some six cents lower than it was trading two weeks ago.
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Bears in control for now
Aaron Lynch from Safety in the Market examines the market activity after open on May 15th.
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Australian Dollar Lower As Federal Budget Approaches
The Reserve Bank of Australia (RBA) made a surprise decision to cut the overnight cash rate by one half of one per cent on Tuesday this week. The interest rate cut will not be the only major piece of economic news for May, with the Federal Government releasing their 2012/13 budget next Tuesday, May 8.
Let’s deal with the rate cut first.
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Pre Market Update 3 May 2012
Aaron Lynch from Safety in the Markets looks at the lead into trade on May 3rd 2012.
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Ground Hog Day?
Aaron Lynch looks at the trends we have been riding to date and examines if we could go back into a sideways channel?
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