AUD Falls as Yellen Likely To Raise Rates... | Which Stocks Benefit Leading to the AUS Reporting Season? | Commodities: In Focus |
Niv Dagan
Peak Asset Management
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
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
4 topics
Niv Dagan
Executive Director
Peak Asset Management
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,...
Expertise
No areas of expertise
Niv Dagan
Executive Director
Peak Asset Management
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,...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment