Local market bounced on positive global sentiment before running into profit taking ahead of the long weekend in the US. The global market sentiment improved with solid economic data from China, US and Canada while Japan data supports accommodative BOJ stance for the medium term. The non-farm payroll data will... Show More
Local market was smacked down from the open on geopolitical risk…even the slight recovery after the morning fall withered away in the afternoon. DOW down over 200 and NASDAQ was snapped 2%. Safe haven investing was in play as bonds and gold bounced while equities were on the chopping block.... Show More
Local market fell back into negative territory in the afternoon as global investor support for the banks ran out. The local market has gone nowhere in the last 2 months…23 up days and 22 down days. RIO going ex div weighed on the materials sector. Property sector giants in SCG... Show More
SPOT GOLD PRICE (US$1278) - a New York close above US$1290 if it occurs would target a rally to US$1340. The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. The gold price subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17. The minimum... Show More
Local market ran into some pain as market sentiment was low as major markets are closed tonight. US, UK and China were closed. Market Outlook likely to remain volatile in the short term with macro risks while medium to long term view remains positive. Given the recent US retail/housing weaker... Show More
The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. The gold price subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17. The nominated upside technical price target located at US$1262 was reached on 27/2/17 as detailed in my previous Wire. The more recent... Show More
Local market closed slightly positive while sentiment remains weak. Gold outlook continues to improve with rising macro risk and weakening USD. Can the underperforming fund managers miss the third cycle in 12mth? FOMO in gold coming!!! Globally central banks are all talking about better inflation and potential rate rise in... Show More
The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. The gold price subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17 as detailed in a previous wire (see below). The nominated upside technical price target located at US$1262 was reached during intra-session trading... Show More
The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16, which was identified as the (negative) technical turning point in the gold price, as highlighted on chart below. Show More
Best periods for Spot Gold...Jan-Feb and Jul-Sep. Gold will benefit from rising market risk and declining USD as global markets move from fantasy to reality in US fiscal policy outcomes. If the market is right, then inflation and rates will go up. If the market is wrong, then profit taking... Show More
Aussie market started positive and then got hammered on bank selling before crawling back to a slight positive close. Save some gun powder as the market is likely to pull back in the first half of March unless RBA steps up and cuts interest rate proactively in March. We expect... Show More
Sunset Strip | Aussie market held a relatively flat day despite negative global sentiment and weak commodity prices. Predicting retail recovery in an environment of falling real wages, rising unemployment and rising cost of living is fraught with danger. We see a very likely scenario where RBA will be forced... Show More
Sunset Strip | Aussie market continued the positive sentiment and delivered a small positive in line with US markets. We continue to feel that RBA is currently trying to curb asset prices (i.e. house prices, equity markets etc.) with inflation under control, so that they can cut rates in mid-2015... Show More
Sunset Strip | Aussie market was belted on geopolitical risks and we expect global markets to react the same way tonight. We suggested clients should take profit on Monday 4th morning due to stretched valuations, falling sentiment, rising geopolitical risks and lack of marginal buying support in the market. Rather... Show More
Sunset Strip | Aussie market was aimless with US despite Jobless data sending the market on a rate cut call. The market was expecting 6.1% while we have been saying that there is an unemployment tidal wave coming in the next 12mth. We expect the rate to hit 6.5% at... Show More
Sunset Strip | Aussie market remained negative with mixed global trend. China Services PMI below expectation and RBA's lack of jawboning did not change the mood. Valuation, growth and yield aspect of Resources, Financials and Industrials are showing that we are paying historical high cost for growth and yield with... Show More
Sunset Strip | Aussie market pulled out a small positive day despite the lack of strong positive global sentiment. The recent strong China market performances on the back of improving data are buffering the global macro risk. Brokers are now pushing the concept that there may be a rate cut... Show More
Sunset Strip | Aussie market continues to defy the pessimist and hold up despite global negative sentiment. The longer the market holds up the bigger the pinch on fund managers sitting on the sidelines...you know you want to get back in...it is a matter of time....fund managers need performance and... Show More
Sunset Strip | Aussie market fell on geopolitical issues in line with global lead before making a complete recovery to close slightly higher. Aussie market was slightly positive 0.17% with turnover was just above $4.6b. Banks finally broke away from the Financial Sector Inquiry's ASADA type bomb throwing. Spot gold... Show More
Despite the human tragedy, history suggests financial markets will move on very quickly. Continued unrest in Ukraine, Israel and related areas will further put pressure on Euro outlook and ECB will have to step up sooner than later. Aussie market has not been running up recently with US due to... Show More