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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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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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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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LME markets have taken a fall with LME Copper slipping below USD5000 overnight for only the 3rd time in many years. Importantly, this seems to be on the back of a lack any positive news coming out of the world economy at this time. Also…


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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…


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This week we have market news coming in from absolutely everywhere. With most market commentators focusing on Greece, arguably of more concern to the Australasian region is the situation currently being seen in China. With all the news about today, please see the following snapshots…


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It seems like a scene out of the movie Groundhog Day when Greece debt problems is once again the leading story on the morning financial news and with the countries unemployment rate currently at 25.8% we suspect the problems won’t be disappearing anytime soon. In…


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The last week has been a roller-coaster for the AUD/USD with the exchange rate hitting a low of 76.4 on Tuesday shortly after the RBA dropped official interest rates. This turned out to be short lived with the exchange rate bouncing back within 24 hours…


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It’s been a steady past week on the LME, with financial markets focusing on news out of Europe and the fluctuating oil price. In Australia all attention today will be on the RBA board meeting with an expected movement on the AUD/USD depending on the…


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Unfortunately in market news, things don’t get any brighter. Copper markets have again seen a fall, now trading at the lowest level in five and a half years. In Australian dollar terms, the copper market has dropped by almost AUD900/t from the beginning of January.…


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