Local market moved up despite weaker commodities and weaker AUDUSD while non-farm payroll data will set the tone for next week ahead of US Fed meeting. Consumer Staples, IT and Health Care moved the market higher while Metals, Mining, Gold and Property Trusts were the negative performers. Tesla is getting... Show More
Aussie market maintains the negative run on “Fed Scare” and closed negative to deliver third straight negative week despite positive sentiment in commodities. The better than expected China data yesterday against weaker than expected US data overnight helped to support commodities. Better commodities drove resource sector higher while yield trade... Show More
It's hard to believe, but we're at the end of another year, which means it is time to review our "anti Forecasts" that we made on here 6 months ago. The first we review this week is how did our call of "the European periphery will NOT be tested again... Show More
Good Morning, Show More
Good Morning, Show More
Good morning from freezing Melbourne… Show More
Friday at 8:30 AM ET, the BLS will release the employment report for April. The consensus, according to Bloomberg, is for an increase of 220,000 non-farm payroll jobs in April (with a range of estimates between 180,000 and 335,000), and for the unemployment rate to decline to 5.4%. For a... Show More
These are Bernanke's words from the December news conference; If the incoming data broadly support the Committee's outlook for employment and inflation, we will likely reduce the pace of securities purchases in further measured steps at future meetings. Of course, continued progress is by no means certain. Consequently, future adjustments... Show More
Interesting to note the S&P has closed higher on the last 8 US payrolls reports. Can it make it 9? Market looking for 197,000- with the range 250,000 to 100,000..I'm going to guess at 186,000! Show More
Very good non-farm payrolls, increased by 195,000 in June and the unemployment rate held steady at 7.6 percent as more people entered the workforce. Economists at Goldman Sachs and JPMorgan revised previously held views on the Fed, saying they now believe bond-buying will start to wind down in September. September... Show More