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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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Metals this week so far have seen some improvements with investors looking to avert risk in commodities. Although positive for our prices this week – these haven’t directly translated into local  price improvements due to a spike in AUDUSD.  With US Markets closed for Independence Day…


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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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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…


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

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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It’s been a busy night overnight with iron ore rising a massive 18.5% on the belief (ie nothing fundamental) that Beijing’s pro-growth policies will improve demand in China. Other commentary also refers to the catching out of short sellers, who in a rising market are…


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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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Kung Hei Fat Choy, and our best wishes for a healthy and happy Chinese New Year, being the year of the Monkey. As the 2017 Chinese New Year falls on January 28, it’s not quite a full year, but let’s not confuse things. It is…


Newsletter - Weak manufacturing data from China Read more »

Newsletter – Weak manufacturing data from China

On Monday it was a familiar story out of China with weak economic data in the form of the Purchasing Managers Index readings. A reading below 50 implies contraction and no surprise it came in at 48.6. This caused LME prices to slightly fall but…


Newletter - Slight rises in LME copper Read more »

Newletter – Slight rises in LME copper

On the markets we have enjoyed some slight rises in LME copper although the rising AUD/USD has kept a lid on the Australian dollar prices. The AUD/USD is now trading at just over 70 cents. There is little in the way of fundamental supply-and-demand data…


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