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  • Aussie Dollar | Online Stockmarket Trading Update
    around US1 621 and crude oil closed around US102 The SPI Futures is trading below the key pivot level of 4180 ending flat or 1 point at 4 134 The key levels for our index today are 4080 to 4180 Aussie traders are expected to stay on the sidelines today after negative leads from the US and European markets ahead of the US Non Farm Payrolls report due out tonight See below for ASX listed companies in the news today US Markets US stock markets finished modestly higher overnight after another early sell off Weekly ADP jobs data showed an improving labor market as weekly jobless claims fell by 15 000 to a seasonally adjusted 372 000 in the week ended of December This was seen as positive ahead of the monthly Non Farm payrolls report due out tonight All three major indices finished flat The gains in the US came despite concerns in Europe where EU bank shares fell as fears over their ability to raise capital weighed on sentiment An Italian bank had to discount its share price by over 40 in an equity raising The ten company groups that make up the S P index traded mixed with Materials up 0 3 Energy down 0 5 Financials up 1 3 Industrials up 0 1 Technology up 0 3 while Consumer Staples were up 0 8 The Dow Jones closed down 0 1 or 3 points at 12 416 the S P 500 index was up 0 3 or 4 points at 1 281 and the Nasdaq ended up 0 8 at 2 669 European Markets European stock markets dropped overnight as concerns about the eurozone sovereign debt crisis and bank solvency resurfaced The Stoxx Europe 600 index fell 0 9 Across the region banks posted the steepest losses with the Stoxx 600 Banks index down 3 2 Italian and Spanish banks were the worst hit after the Italian UniCredit SpA was forced to price a share sale at a 43 discount There were concerns over Spanish banks after the Spanish economy minister told the Financial Times that Spanish banks will have to set aside as much as EUR50 billion to accomodate extra provisions on bad property assets which is about 4 of Spain s GDP French and German banks also came under selling pressure falling around 5 In London the FTSE 100 index closed down 0 8 or 44 points at 5 624 the German DAX was down 0 3 or 15 points at 6 095 while in France the CAC was down 1 6 or 52 points at 3 193 Spain was down 1 7 and Italy ended down 2 0 Asian Markets Asian stock markets closed lower yesterday after European banks were sold off Japanese stocks also declined as investors sold due the continuing fears over the European debt situation In China the Shanghai Composite finished at 3 year lows as worries about the property sector and tight liquidity conditions continued to weigh on investor sentiment In China the SSE Composite closed down 1 0 or 21 points at 2 149 while in Hong Kong the Hang Seng Index was up 0 5 or 86 points at 18 813 and in Japan the Nikkei 225 Index was down 0 8 or 71 points at 8 489 The South Korean KOSPI was down 0 1 for the session while the Indian market was down 0 2 Commodities The Dollar Index was higher at 80 95 on a lower Euro while the Australian Dollar last traded lower at 1 0256 Commodities prices traded mixed For the session the benchmark crude NYMEX for January delivery was down 1 7 or U1 75 to settle at US101 47 Copper prices are seeking a support level as Copper for January delivery was down 0 2 or 0 7 cents at US3 4175 January gold was up 0 5 or U7 50 at US1 621 Market Summary ASX to open lower US UK Europe lower Commodities Stock Index down 0 5 Gold Stocks Index up 0 3 Oil Stocks Index down 0 6 US ADRs Broadly Lower BHP down 1 9 RIO down 1 0 AWC down 4 1 ANZ down 1 7 NAB down 2 0 NEM down 0 3 JHX down 2 3 NWS up 0 9 By Michael Hevern Head of Research For Buy and Sell recommendations on ASX listed companies register for a FREE trial of MDS Financial Research Tags Asian Markets asx market wrap Aussie Dollar Business News Commodity prices european makrets FTSE Stock Market Analysis US markets Posted in Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Australia s GDP Growth Rate Slows Thursday December 2nd 2010 There are two key reports out yesterday that indicate the strength of the Aussie economy GDP and its trading partner China PMI Australian GDP The Australian Bureau of Statistics ABS show that GDP growth over the third quarter 3Q10 came in at 0 2 percent and the June quarter was revised to 1 1 percent We expected the 3Q10 GDP growth to fall with net exports providing a bigger drag than expected Economic growth in Australia has fallen sharply with the economy expanding by 2 7 percent in the 12 months to September versus economist forecasts of 3 4 percent before yesterday A slump in net exports was the main drag on the economy costing 0 4 percentage points from the quarterly figure Chinese PMI Also in the news was the PMI data showing that Chinese factories ramped up production in November for a 21st consecutive month through increasing output and growth in export orders but they still face pressure from rising input costs The Official Chinese data showed the purchasing managers index PMI jumped to a 7 month high of 55 2 in November up from 54 7 the previous month Inflation continues to be a problem for the Chinese economy and that data will do little to ease concerns of investors over another rate hike in China before the end of the year The government has already increased bank reserve requirements five times this year as well as restricting bank lending in an attempt to dampen inflation The Australian Economy The Australian economy remains heavily reliant on the commodities sectors with the demand for Australian resources from China and India remaining strong which is underpinning growth in the Australian economy through the mining sector Elsewhere the agricultural sector was the biggest contributor to GDP growth in the quarter growing by 21 5 percent and adding 0 4 percentage points to the GDP figure Household spending held up The Reserve Bank RBA should be happy with the recent strong employment figures and how this data confirms the job growth and the commodities boom remains robust and that consumers are continuing to save probably because they want to be prepared for any further rate hikes in the coming months With the RBA raising rates last month to 4 75 before the Christmas spending spree they have given themselves more room to leave rates on hold for the first quarter next year China will be a focus in traders minds going into the end of the year particularly if there is another rate hike in China as that will impact the Chinese demand for our commodities near term The Trade The Australian dollar has fallen since the release of the GDP data and is now trading around US95 7 cents from around US96 1 cents This has a dampening effect on the mood of investors near term particularly with overseas market struggling as they are Investors need to be cautious at this time either by taking profits honouring stop loses and or protecting their portfolios through the use of options as discussed in our recent article on Hedging Your Portfolio By Michael Hevern Head of Research Tags ASB Aussie Dollar Australian economy Australian GDP Chinese PMI RBA Stock Market Analysis Posted in Stock Market Analysis No Comments Stock Market Analysis RBA Interest Rate Reprieve Wednesday October 27th 2010 Mortgage holders are breathing a sigh of relief after the Australian Bureau of Statistics ABS reported benign inflation figures reducing the urgency for another Reserve Bank rate hike The inflation data released by the ABS today has made the RBA s decision on interest rates even more difficult Prior to the release of today s inflation data interest rate futures traders were rating the possibility of a rate hike at the next RBA meeting due to be held on Melbourne Cup Day at around 60 percent The ABS reported September quarter inflation figures came in at 0 7 percent for the quarter and 2 8 percent for the year below economists expectations and below the 3 1 percent rise for the June quarter The Reserve Bank s preferred trimmed mean and weighted median measures of inflation came in at 0 6 and 0 5 percent for the three months to September virtually unchanged from the 0 5 percent result for both last quarter Interestingly the inflation drivers for the quarter came from increases in the price of utilities and charges with water and sewerage up 12 8 electricity up 6 and property rates and charges up 6 2 These increases were offset by significant falls in vegetable prices down 5 4 the cost of pharmaceuticals down 3 9 the cost of fuel down 3 7 and falls in the prices for audio visual and computing equipment down 2 7 At its last meeting the RBA surprised economists and investors by leaving the cash rate on hold at 4 5 percent The meeting minutes revealed the decision was finely balanced and that the RBA needed more information about price pressures in the economy The figure that the RBA uses for its interest rate decision is the underlying inflation which is now running between 2 3 and 2 5 per cent for the year to September in the middle of RBA s target band The underlying inflation reading is now the lowest in over five years and removes the urgency of another RBA rate hike The rising Aussie dollar has helped moderate inflation and it has gained around 13 percent in the September quarter against the US dollar This has resulted in lower prices for consumers and cheaper capital equipment for businesses However at next week s meeting the RBA still needs to consider Whether a rate hike in November would be more effective than waiting til December as much of the Christmas and business planned spending is allocated in the weeks before the RBA December meeting The likelihood of the strong Australian dollar holding near parity for an extended period If there are signs of excessive wage rises as the job market tightens The Trade Interest rate futures traders are now rating the possibility of a rate hike at the next RBA meeting at around 30 percent The next meeting is due to be held on Tuesday Melbourne Cup Day Retailers and mortgage holders will benefit if the RBA interest rate hike is delayed which will in turn help the Consumer Discretionary sector The Banking sector will be hurt as banks have said that the margins for their cost of money are already tight There are a number of external influences on the Aussie economy In the US GDP data is due out later this week and the US Federal FOMC meeting is scheduled for next week and investors have already factored in a new round of stimulus spending QE2 The big surprise in the CPI figures was the very subdued underlying inflation figures which came in at the middle of RBA s target band The underlying inflation reading is now the lowest in over five years and removes the urgency of another RBA rate hike However we expect that if the RBA is going to increase rates before Christmas then it will be more effective if done at the November meeting Tags Aussie Dollar inflation interest rates RBA reserve bank decision Posted in Stock Market Analysis 2 Comments Stock Market Analysis Australian Markets The Next Catalyst Friday October 22nd 2010 The Australian markets have had a great run in the past couple of months but the wary trader should be looking to identify leading indications of any turnaround in investor sentiment In this article we examine inter market interaction for possible indicators of what lies ahead One such indicator is the Aussie dollar which has finally reached parity against the US dollar It s strongly correlated to commodities prices and has been surging since May this year The Aussie dollar s strength and the corresponding US dollar s weakness have driven commodities prices higher underpinning the performance of our resource stocks These in turn have been the driving force for our markets since the recovery began back in March 2009 The surging commodities prices have driven domestic and overseas investments in our resource stocks particularly in our second tier miners which offer significant growth potential However with the exception of the consumer staples sector all our other market sectors have been underperforming This leaves the Australian market susceptible to a pullback if the mining sector falters Ahead of the G 20 meeting the US Treasury Secretary Timothy Geithner said the major currencies are roughly in alignment now suggesting there is no need for further US dollar weakness This may trigger a change in market fundamentals near term with traders and commodities speculators enjoying a free ride on the back of the weakening US dollar A move away from the weak US dollar policy will mean that the Aussie dollar is set to pullback Let s take a look at what this means to commodities and our stock market performance The Big Picture Over the past decade there has been a strong correlation between the strength of the Aussie dollar and the Aussie market as shown below the Australian market is shown in red and the Aussie dollar in blue It is worth noting that the last time the Aussie dollar was around parity was back in mid 2008 At that time the markets fell sharply once there was a turnaround in the US dollar s strength which continued until the bottoming of the markets in March 2009 In recent times there has been a divergence in the relationship between our market and the currency which has lasted a few months Historically any divergence has been resolved within 4 to 6 months either by the Aussie dollar weakening or the Aussie market strengthening Inter Market Relationships Since the Global Financial Crisis Since mid 2008 there have been two clear periods of divergence prior to now The first was in late 2008 which was resolved in the ultimate market bottom of the GFC in March 2009 The second was in early 2010 where the ASX200 continued to rise but the Aussie dollar failed to make new highs This resulted in the sell off in April this year Over the past few months the Aussie dollar has surged but the market has failed to participate in the bullish sentiment As noted previously historically any divergence has been resolved within 4 to 6 months either by the Aussie dollar weakening or the Aussie Market strengthening The Commodity Currency The performance of the Aussie dollar is closely tied to the price of commodities as shown below This relationship has held tight since the GFC The CRB Commodities Index illustrated below comprises an index of a basket of commodities The Aussie dollar is referred to as a commodity currency because our economy is so dependent on the export of commodities and is frequently bought up when investors look to add risk to their portfolio Conclusion The Aussie market is being driven by the performance of our resource stocks which we highlighted in our recent Quarterly Market Performance Review The other market sectors with the exception of the Consumer Staples sector are all underperforming We have shown in this article that market relationships and thereby investor sentiment may be due for a turnaround The divergence in the performance between the Aussie dollar and the Aussie market will need to be resolved within the next 6 8 weeks as there appears to be an imbalance between the bullishness over the Aussie dollar and the performance of the share market The comments from the US Treasury Secretary suggesting there is no need for further US dollar weakness may be the trigger for a change in market fundamentals near term as this will hurt commodities prices and in turn our miners and stock market going forward Look for leading indications that may result from a number of catalysts in the US markets in the next few weeks which could trigger a change in investor sentiment These include Corporate Earnings the G 20 Meeting the US Fed FOMC meeting Quantitative Easing QE2 and the US Federal mid term elections Stay tuned for further analysis of prospects for the Aussie market Next time we will examine the Australian market s performance with relation to the US milestone events and Chinese influence By Michael Hevern Head of Research Tags ASX ASX News Aussie Dollar Australian Markets Commodities GFC major currencies stock market Stock Market Analysis us dollar Posted in ASX Trading News Stock Market Analysis Trading Strategies No Comments Stock Market Analysis Weekly Market Wrap Friday October 22nd 2010 Weekly Market Wrap US Dollar is in Focus The Aussie market has been treading water this week but we are still constrained within the 4550 4700 trading range The Aussie dollar reached parity but has backed off slightly since and commodities have backed off record levels Ahead of the G 20 meeting the US Treasury Secretary Timothy Geithner has said that the major currencies are roughly in alignment now suggesting there is no need for further US dollar weakness This will weigh on commodities prices near term demonstrated by the pullback in the gold prices this week Overseas markets have generally traded higher

    Original URL path: http://blog.traderdealer.com.au/tag/aussie-dollar/ (2013-02-02)
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  • Inflation | Online Stockmarket Trading Update
    Market Analysis Weekly Market Wrap Friday January 14th 2011 European Debt Contagion Fears Ease The Aussie market surged yesterday after a steady start to 2011 with Japan joining the ECB and China committing to the purchase of European debt European stock markets are now trading at 28 month highs rising after the successful bond auctions in Portugal Spain and Italy following Japan s commitment The success of the first bond auctions for 2011 has supported the view that there is no need for an emergency bailout at least in the near term In the US economic data continues to support the view that the jobless economic recovery is still intact In Asia the World Bank has said that China should be targeting 2011 growth of 8 7 percent down from 10 percent in 2010 This means that China the world s second largest economy will have considerable scope to raise its interest rates in 2011 however investor concerns will likely resurface if this happens and it will be reflected in pressures on commodities Commodities are the key driver of our market and have been holding up this week primarily because the US dollar has been pulling back particularly against the Euro Gold is starting to lose its shine as a safe haven investment with investors looking set to move into equities to gain more risk exposure in their portfolios a result of increasing confidence in the continuation of the global economic recovery into 2011 A global theme is the concern regarding rising inflation in 2011 particularly in soft commodities prices which look set to remain at elevated levels due to worry about food supply Locally the Australian economy looks set for a tough start to the year with Australia experiencing severe flooding and central Queensland experiencing one of the worst floods on record This will impact the Aussie economy near term and we have estimates of a cut in this year s GDP of up to 1 percent These floods will be especially detrimental to our terms of trade medium term with production ceasing in many areas As the year progresses company earnings will recover as the monumental task of rebuilding communities and infrastructure gets underway This will provide investment opportunities for those who can see through the near term fall in corporate earnings The investment themes for this year will be the economic recovery from floods and droughts commodities supply constraints and pricing improving corporate dividends interest rates and Aussie dollar strength continuing M A activity You can read more on this in the Analyst s Eye where we have done an in depth analysis of the market performance last quarter with a view to uncovering what it means for 2011 By Michael Hevern Head of Research Tags ASX Australian economic growth Commodities company earnings European Debt inflation Stock Market Analysis Trader Dealer US Weekly Market Wrap Posted in Stock Market Analysis Trader Dealer News No Comments Stock Market Analysis RBA Interest Rate Reprieve Wednesday October 27th 2010 Mortgage

    Original URL path: http://blog.traderdealer.com.au/tag/inflation/ (2013-02-02)
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  • Reserve Bank Decision | Online Stockmarket Trading Update
    and investors by leaving the cash rate on hold at 4 5 percent The meeting minutes revealed the decision was finely balanced and that the RBA needed more information about price pressures in the economy The figure that the RBA uses for its interest rate decision is the underlying inflation which is now running between 2 3 and 2 5 per cent for the year to September in the middle of RBA s target band The underlying inflation reading is now the lowest in over five years and removes the urgency of another RBA rate hike The rising Aussie dollar has helped moderate inflation and it has gained around 13 percent in the September quarter against the US dollar This has resulted in lower prices for consumers and cheaper capital equipment for businesses However at next week s meeting the RBA still needs to consider Whether a rate hike in November would be more effective than waiting til December as much of the Christmas and business planned spending is allocated in the weeks before the RBA December meeting The likelihood of the strong Australian dollar holding near parity for an extended period If there are signs of excessive wage rises as the job market tightens The Trade Interest rate futures traders are now rating the possibility of a rate hike at the next RBA meeting at around 30 percent The next meeting is due to be held on Tuesday Melbourne Cup Day Retailers and mortgage holders will benefit if the RBA interest rate hike is delayed which will in turn help the Consumer Discretionary sector The Banking sector will be hurt as banks have said that the margins for their cost of money are already tight There are a number of external influences on the Aussie economy In the US GDP data is due out later this week and the US Federal FOMC meeting is scheduled for next week and investors have already factored in a new round of stimulus spending QE2 The big surprise in the CPI figures was the very subdued underlying inflation figures which came in at the middle of RBA s target band The underlying inflation reading is now the lowest in over five years and removes the urgency of another RBA rate hike However we expect that if the RBA is going to increase rates before Christmas then it will be more effective if done at the November meeting Tags Aussie Dollar inflation interest rates RBA reserve bank decision Posted in Stock Market Analysis 2 Comments RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near

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  • RBA Rate Decision | Online Stockmarket Trading Update
    0 25 to 4 5 raise borrowing costs yet again By Michael Hevern Head of Research Tags inflation interest rates RBA Real estate Samson Oil Gas Share Purchase Plan Tuesday 4th May 2010 Morning Wrap This entry was posted on Tuesday May 4th 2010 at 10 43 am and is filed under Stock Market Analysis You can follow any responses to this entry through the RSS 2 0 feed You can leave a response or trackback from your own site One Response to RBA Rate Decision Tuesday 4th May 2010 Morning Wrap Online Stockmarket Trading Update says May 4 2010 at 10 56 am RBA Set to Raise Rates 4 5 Leave a Reply Click here to cancel reply Name required Mail will not be published required Website RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near All Time Highs Markets Higher As Investors Play Catch Up Weekly Market Wrap Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Stock Market Analysis Markets Higher As Investors Play Catchup Stock Market Analysis Markets Cautious Ahead Of Chinese Data Archives February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011

    Original URL path: http://blog.traderdealer.com.au/2010/05/04/rba-rate-decision/ (2013-02-02)
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  • Real Estate | Online Stockmarket Trading Update
    a former department store site will be redeveloped to house an approximately 145 000 square foot Costco at Westfield Sarasota Square This would be Costco s first location in a wide expanse along Florida s Gulf Coast stretching across Manatee Sarasota and Charlotte counties Currently the nearest Costco warehouse clubs to Sarasota are located over 40 miles away Westfield Sarasota Square is a 900 000 square foot regional shopping center currently anchored by JCPenney Macy s and Sears along with a diverse mix of more than 130 shops and restaurants The Westfield Group WDC is an internally managed vertically integrated shopping center group undertaking ownership development design construction funds asset management property management leasing and marketing activities and employing approximately 4 000 staff worldwide The Group has investment interests in 119 shopping centers in Australia the United States the United Kingdom and New Zealand with a total value of assets under management in excess of A 59 billion and is the largest retail property group in the world by equity market capitalization In the U S the Group has a portfolio of 55 shopping centers that are home to more than 9 000 specialty stores and comprise approximately 63 million square feet of leasable space in California Connecticut Florida Illinois Indiana Maryland Nebraska New Jersey New York North Carolina Ohio and Washington www westfield com http www traderdealer com au Fundamentals wdc Tags Costco New contract Real estate WDC westfield Posted in ASX Company News No Comments ASX Company News Admerex To Acquire Coldwell Banker Licence Friday July 9th 2010 Admerex Limited ADL has executed an agreement to acquire the Master Residential Franchise Licence from Coldwell Banker for Australia The consideration will be in the form of ordinary shares to be issued to the parties who currently control the Master Residential Franchise Licence The parties have negotiated the transaction based on a proposed value of 4 million for the licence and 1 million for Admerex Under the terms of the business which operates that licence and the proprietary systems processes marketing collateral and related IP plus the franchisee licences currently held by CB Greater Australia Pty Ltd In addition the Company will consider acquiring two franchises controlled by Alex Caraco subject to valuation Admerex intends to immediately thereafter issue a prospectus with a view to raising sufficient capital to achieve the shareholder spread and additional working capital Mr Kim Goodall Chairman of Admerex said We believe that this is an exciting opportunity for shareholders to participate in a well established market sector with a strong international brand and a proven business model The real estate franchise and brokerage industry has attractive financial metrics whilst Alex and his team have a focused and successful core business around which we can build a strong market position Mr Alex Caraco said Coldwell Banker in Australia is well positioned to take immediate advantage of the opportunities which currently exist in the residential real estate franchising sector Through this transaction with Admerex we will have the capacity to raise capital to expand and also have the flexibility to offer equity as consideration when acquisition opportunities arise The Coldwell Banker presence in Australia commenced in 2002 and today has over 20 offices in three states 200 sales associates and processes an annual gross real estate turnover in excess of 500 million i e value of property sold The business is operated by CB Greater Australia Pty Ltd Coldwell Banker has grown to become an industry leader in a wide range of real estate markets such as Residential Homes Apartments Townhouses Villas Land and Holiday Homes Beachfront Beachside Country Acreage Waterfront properties resorts as well as Industrial Commercial and Project Marketing They also specialize in the sale of Prestige Landmark properties and even Islands Resorts and Hotels through the Coldwell Banker Previews International Division Coldwell Banker is one of the largest real estate franchises in the world and is listed second in real estate in the Top 200 Franchises ranking as published in Franchise Times in 2009 www coldwellbanker com au www admerexgroup com http www traderdealer com au Fundamentals ADL Tags ADL Admerex New Acquisiton Real estate Posted in ASX Company News No Comments RBA Rate Decision Tuesday May 4th 2010 The RBA is set to decide on interest rates today and on the weight of evidence relating to inflation prospects rates will be pushed higher Data out yesterday confirmed that the manufacturing and real estate sectors are still booming Real estate data showed that established house prices across the country have increased by 20 in the past year with Melbourne s prices up 28 outstripping Sydney where prices were up 21 Additional reports yesterday show that the Australian manufacturing growth for April accelerated at the fastest pace since 2002 according to the share business exchange The performance of the manufacturing index jumped 9 3 points from March to 59 8 which is the highest level since May 2002 A figure above 50 shows the industry is expanding The resurgent manufacturing growth and booming house prices support the central bank s view that the nation s economy is expanding at or close to trend Therefore the RBA is set to raise interest rates a further 0 25 to 4 5 raise borrowing costs yet again By Michael Hevern Head of Research Tags inflation interest rates RBA Real estate Posted in Stock Market Analysis 1 Comment Charter Hall Group Acquires Macquarie Real Estate Assets Saturday February 13th 2010 Charter Hall Group CHC is pleased to announce that it has agreed to acquire the majority of Macquarie Group Limited s core real estate management platform This transaction involves Charter Hall acquiring the management business associated with two listed and three unlisted real estate funds for 108 million and the majority of Macquarie s holding in three of these funds for 189 million The acquisition positions Charter Hall as one of the largest specialist real estate fund managers in Australia with assets under management in excess of 10 billion

    Original URL path: http://blog.traderdealer.com.au/tag/real-estate/ (2013-02-02)
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  • RBA leaves interest rates unchanged | Online Stockmarket Trading Update
    to say that interest rates to most borrowers nonetheless remain lower than average If economic conditions evolve broadly as expected the Board considers it likely that monetary policy will over time need to be adjusted further in order to ensure that inflation remains consistent with the target over the medium term This essentially means that the RBA has taken on board the move by China to reduce liquidity inflation is not a concern at the moment but credit markets are still tight The RBA are likely to pause and see the effect prior to any more increases Tags Glenn Stevens interest rates RBA Reserve Bank Interest rates expected to rise today UGL Awarded 120 million Melbourne Water Corporation Contract This entry was posted on Tuesday February 2nd 2010 at 3 57 pm and is filed under Stock Market Analysis You can follow any responses to this entry through the RSS 2 0 feed You can leave a response or trackback from your own site 2 Responses to RBA leaves interest rates unchanged Kitchener mortgage says February 22 2010 at 1 49 am Just a quick message 2 thank you 4 your useful article Do u know where I can find more on the subject well done Melanie x Jeff says February 23 2010 at 6 22 am Information will be available widely on the internet regarding the interest rate decision Try Google News Leave a Reply Click here to cancel reply Name required Mail will not be published required Website RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis

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  • Glenn Stevens | Online Stockmarket Trading Update
    unemployment appears to have peaked at a much lower level than earlier expected Lenders have generally raised rates a little more than the cash rate over recent months and most loan rates have risen by close to a percentage point Since information about the early impact of those changes is still limited the Board judged it appropriate to hold a steady setting of monetary policy for the time being He went on to say that interest rates to most borrowers nonetheless remain lower than average If economic conditions evolve broadly as expected the Board considers it likely that monetary policy will over time need to be adjusted further in order to ensure that inflation remains consistent with the target over the medium term This essentially means that the RBA has taken on board the move by China to reduce liquidity inflation is not a concern at the moment but credit markets are still tight The RBA are likely to pause and see the effect prior to any more increases Tags Glenn Stevens interest rates RBA Reserve Bank Posted in Stock Market Analysis 2 Comments RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near All Time Highs Markets Higher As Investors Play Catch Up Weekly Market Wrap Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Stock Market Analysis Markets Higher As Investors Play Catchup

    Original URL path: http://blog.traderdealer.com.au/tag/glenn-stevens/ (2013-02-02)
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  • Reserve Bank | Online Stockmarket Trading Update
    great bear market rally we have experienced since early March gives us a great opportunity to take time to reflect upon our investment strategy going forward The ASX 200 has been in a downward spiral since mid 2007 as shown on this monthly chart I have drawn the Fibonacci retracement levels on the right hand side of the chart to illustrate key levels that will offer resistance on any move up Figure ASX 200 2003 to 2009 Monthly Chart Drilling down to the weekly chart you can see the decline in the ASX 200 bottomed around 3120 representing an over 80 retracement from the bull market run from the 2003 trough to the 2007 peak Figure ASX 200 2007 to 2009 Weekly Chart The market is currently running into resistance around the 3800 level and we would want to see a weekly close above 3850 to confirm a turnaround in market sentiment My view is that we are experiencing a bear market rally which typically results in an around 20 recovery and generally lasts anywhere up to 45 days Drilling down to the daily chart you can see that an upward trending channel has developed since early March The market is running in resistance and the key levels to the upside are 3800 then 4000 A close below 3600 would signal the bears are assuming control and the tipping point to trigger a trade to the short side would be a close below 3550 Should this tipping point be broken we would expect a pullback towards 3400 and if that level is broken a retest of the recent low is likely Figure ASX 200 2009 Year to Date Daily Chart Keys factors likely to impact on market direction in the near term US companies are starting to report their quarterly earnings This began this week and continues in earnest next week The focus will be on the forecast earnings International Monetary Fund IMF is expected to report that there is US4 trillion of toxic debt on 20th April This must be unwound at some point RBA cut interest rates on April 7 by 25 bps to 3 however Australian banks are unwilling to fully pass this on to their customers This indicates that credit and debt funding is still hard to access and the credit crisis is still impacting on the Australian economy and companies G 20 headlined last week that they would back a massive US1 trillion global bailout package However the devil is in the detail as the Obama Administration found with the TARP package Asset quality and debt levels are not equal among different counter parties Call to Action Only trade liquid stocks A buyer s drought can play havoc with your bottom line Only trade stocks with solid balance sheets and positive earnings prospects Take profits as they arise Do not allow your profits from the recent run to evaporate Reduce exposure to more risky assets Debt and credit quality are key issues Credit will remain

    Original URL path: http://blog.traderdealer.com.au/tag/reserve-bank/ (2013-02-02)
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