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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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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…

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 - Copper down 5.3% Read more »

Newletter – Copper down 5.3%

Welcome to 2016. Only 6 working days into 2016 and on the back of more data that the Chinese economy is slowing down, the world’s largest casino (also known as the Chinese Stockmarket) has fallen 14.76 %.  Furthermore, with reports that most retail investors were…

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The LME markets continue to fall lead by Aluminium. In the month of October Aluminium fell 8% in USD terms, with the demand for the other commodities also weak. The AUD is currently trading at 71.40. The RBA meet today with a very small chance…

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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…

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It has been a busy 24 hours in Canberra with Malcolm Bligh Turnbull soon to be sworn in as the 29th Prime Minister of Australia and our 5th Prime Minister in 5 years. One upside hopefully will be the end of repeated media speculation and…

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…

Newsletter - Bloomberg Commodity Index of 22 raw materials closed at its lowest levels since August 1999 Read more »

Newsletter – Bloomberg Commodity Index of 22 raw materials closed at its lowest levels since August 1999

It’s been an amazing week with substantial falls on the Chinese stock market closely followed by a dip on the ASX. The Australian market recovered quickly though, possibly as most financial markets had already factored in the fact that the China was artificially inflated. The…

Newsletter - Copper prices fell to the lowest level since mid 2009 Read more »

Newsletter – Copper prices fell to the lowest level since mid 2009

The Australian share market has had $60 billion wiped off the value of its shares in the worst one-day drop since the Global Financial Crisis more than six years ago. The market finished the day more than four percent lower than when it started, the…

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