AUD Falls as Yellen Likely To Raise Rates... | Which Stocks Benefit Leading to the AUS Reporting Season? | Commodities: In Focus |
Good morning, Did you see the AUD?? The Australian dollar slid below US74c on Thursday morning after US Federal Reserve chair Janet Yellen said the prospects remain good for a rise in US interest rates this year. "If the economy evolves as we expect, economic conditions likely would make it appropriate at some point this year to raise the federal funds rate target," Yellen said in testimony Wednesday We do see the AUD/USD falling to $0.70 over coming weeks, as commodities continue to slide, trade balance numbers remain weak, China slowing down and USD rising… So which stocks benefit? As we mentioned in our note yesterday… ALL, JHX, AMC, BXB, SHL, CSL, MFG … Healthcare, Industrials and Telecommunications are the main sectors to watch. I saw this in the morning and thought it was a great quote to start our Thursday morning… What's on today? ECB policy decision. Federal Reserve chair Janet Yellen delivers her semiannual testimony to the US Senate Banking Committee. Earnings: Goldman Sachs, Citigroup, Google. The SPI is pointing to a 2 point rise this morning
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
No areas of expertise