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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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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…


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…


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…


Newletter - Copper demand draws down stockpiles Read more »

Newletter – Copper demand draws down stockpiles

Following the LME Copper dip below USD5000 last week, the red metal is now sitting just above that mark. Markets and trading have been quiet however, with the worlds’ biggest consumer, China, currently enjoying a country wide holiday to celebrate China’s National Day. On October…


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Following a week of political instability, cabinet minister Andrew Robb has let slip a federal election may be just a few months away. The trade minister, speaking from Indonesia, missed new Prime Minister Malcolm Turnbull cabinet’s first meeting on Monday. Mr Robb, speaking to ABC…


Newsletter - AUD continuing to slide Read more »

Newsletter – AUD continuing to slide

LME markets remain relatively steady in USD terms with LME copper currently trading within USD100/t and aluminium within USD50/t of the average of the past 30 days. This week though, it’s the Australian Dollar that’s having the biggest effect on our prices with the AUD…


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