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On the LME markets it’s been a steady week other than Copper which is down 3.5%. The AUD/USD is currently at 76.52 up from last week’s 75.28.   * * * WEEK IN REVIEW: All about the base – London, 5 August (Argus) * *…


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Thankfully we have started the week with a resolution to the Federal election which combined Australia’s longest campaign with the longest count duration. Elsewhere uncertainty remains in Europe with Brexit, and the LME commodity markets continue to drift along sidewards until the political and economic…


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Financial markets this week are trying to find a base as Britain and Europe are trying to figure out “what’s next”?  The dollar and stocks in general have dropped due to the uncertainty surrounding how a European Union without Britain will look. The dollar is…


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The retail punting on Chinese steel and rebar future markets was looking shaky and no surprise that both commodities had their worse week on record with a weekly fall of 12%. These two items have now unwound 80% of their recent rally which we hope…


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On the markets it’s been a strong week for copper and aluminium with the USD Prices rising 4.2% and 6.1% respectively. There have been numerous explanations given, including prices been driven by speculation by the retail future traders (gamblers) and/or perceived improved world economic conditions.…


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In LME markets, Copper and Aluminium have suffered another week of declines (2.8% and 2.2% respectively in USD terms).  Ni has been a bright spot with a 3.8% rise, however there is always a lag in Ni volatility and the relative intrinsic values in the…


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In the LME markets, Copper has had a weak 5 days dropping 2.5%, whilst Aluminium rose 3.4%. The AUD/USD exchange rate is currently at 76.04 up from last week’s level of 75.4. Newspaper reports refer to the weak oil prices, fragile global growth front and…


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This time last week we were commenting about the AUD/USD trading at the time at an 8 month high of 75.10 cents. To everyone’s surprise the momentum continued with the dollar climbing to over 76.5 cents on Friday to settle at today’s rate of 75.80.…


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Newletter AUD/USD exchange rate hits an 8 month high at 75.94

Following on from last Mondays 18% overnight jump in the iron ore price, we can report that Iron Ore has since fallen back 10%, but unfortunately the AUD/USD exchange rate hasn’t. Last night the AUD/USD hit an 8 month high overnight at 75.94 although it…


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Our thoughts this week are with the residents of Fiji who have been battered by category 5 Tropical Cyclone Winston with winds up to 325 kilometres per hour. We are hopeful that with time, the residents will rebuild their homes and go back to a…


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