Today the losses in the banking sector weighed on the broader index, yet the relative strength between the two leave the potential for ASX to outperform and move towards 6k without it. Banks weigh on ASX yet another attempt at 6k is possible Banking has dragged the ASX200 lower by the ‘big four banks’ who stated…

Investors are focused on the FOMC minutes and the French presidential debate could add more colors about the election outcome. Eurozone GDP Data Puts More Light On Draghi European central bank has been pumping liquidity in the economy for some time to boost growth. The economic data out of France and Spain has confirmed that…

Data this week has remained a net positive for the Australian economy and the RBA. Technically ASX could be preparing for a pullback below 6k whilst AUD ponders a break of a bullish wedge. The Service Index expanded at 53 in April, up from 51.7 in March. This complements the soaring read from the manufacturing…

The Pounds rally has ensued for several weeks and with many traders still short, we think there could be further gains to come. Matt Simpson takes a technical look at GBPAUD, GBPJPY and GBPNZD. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles to generate Forex…

Commodity currencies remain under pressure with renewed concerns over trade deals with the US and their potential to negatively impact exporting economies. NZDUSD in particular is feeling the strain and appears set to break key support. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles to…

A good set of data licked the week off for Australia, with manufacturing PMI hitting its second highest level since 1994 and CPI reaching 2.6% YoY according to the monthly read from Melbourne Institute. Australia’s manufacturing sector expanded for a 7th consecutive month according to the PMI survey by AIGroup. At 59.2 it is the…

Despite Silver's extended losses Gold defiantly remains above $1260 support, making it a critical level to monitor for clues of its next move. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles to generate Forex and commodity trade ideas.

This week has provided a mixed data set for AUD, which has seen AUD remain under pressure yet struggle to break too far below the 75c mark. Private sector credit expanded by 0.3% MoM which is the lower boundary of the longer-term trend (0.3% is -1 standard deviation from the entire data set, to exhibit…

It has been a big data week for Japan, with today finishing off with an array of inflation, consumer and industry reads. Household spending contracted by -2% MoM to break a 2-month expansion and print its worst month since last August. The annual rate has contracted a further -1.3%, making it the 14th month in…