MARKETS

Daily Forex Commentary 28/7/2010

An increase in the Australian Conference Board leading index from 0.1% to 0.3% during the month of May added some underlying support to the Aussie dollar in Asia yesterday as it held firm above the 90 cent handle etching out gains to enter offshore exchange at 0.9025.
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Local market off to a strong start

The local stock market started on a strong footing this morning on the back of better than expected new home sales in the US. This is the second day of positive moves for the local bourse, with base metal prices also lending support.

AIR Midday Market Roundup

The market is up 25. The SFE Futures were up 26 this morning.Wall Street closed up 100 overnight. It was the third strai...

AUD/USD – Trade the New Range

The data supporting the global economic recovery continues to be mixed - patchy, inconsistent over time, and varying enormously by region - and in no way supporting the idea of a "V-shaped" recovery, the popular view six months ago.

Australian Stock Market Report

US new home sales soared by 23.6pct to a 330,000 annual rate in June, well ahead of forecasts centred on a result near 320,000. The stock of unsold homes fell from 9.6 months to 7.6 months.

Daily Forex Commentary 27/7/2010

The Aussie dollar held on to support around 0.8940 during the Asian session despite a lower than expected second quarter Producer Price Index or PPI as its referred to.

Big Pharma Eyeing Mesoblast?

Mesoblast has been recording good Phase II trials results in bone marrow transplantation and Southern Cross Equities suggests this could make it a target of Big Pharma.

CSL Gaining At Baxter's Expense

The latest report from Baxter of the US leads brokers to suggest CSL is gaining market share at that company's expense, though opinions remain divided on the value in CSL at current levels.

Australian, Japanese stock futures rise

Australian and Japanese and stock futures jumped as European banks hurdled the stress test reducing uncertainties that a global economic recovery is slowly happening.

Australian Dollar Outlook 26/7/2010

The Australia Dollar has opened up in the mid 0.8900's after another modestly strong showing from US and European equity markets on Friday.

Australian Stock Market Report

Only seven of 91 European banks failed stress tests - Hypo Real Estate Holding AG, Agricultural Bank of Greece SA and five Spanish savings banks. The European regulators say the seven banks need to raise 3.5 billion Euros in capital.

Daily Forex Commentary 26/7/2010

Despite the uncertainty facing the European banking system the AUD/USD remained range bound on Friday bouncing between 0.8900 and 0.8970 for the majority of the Asian and offshore trading sessions.

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