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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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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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Anzac Day marks the anniversary of the first campaign that led to major casualties for Australian and New Zealand forces during the First World War.  Australians and New Zealanders recognise 25 April as a ceremonial occasion to reflect on the cost of war and to…


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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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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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Newsletter – China reduces it banking reserve ratios

In the overseas markets, China reduced its banking reserve ratios, which will permit the Chinese banks to lend money against less security. This was seen as another attempt to stimulate the economy by the Chinese Government, and questions remain on whether it will be successful.…


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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…


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