have hit the nail on the head this week at this stage Joules
today looks like a buy day despite the hook down in US futures.....but it's all in a larger cycle so some higher highs to come before a significant pull back.......same goes for HSI .......
i'm expecting to see signs of distribution now, lift in volatility in the US
crikey.....quick or the dead.....shorts on!
Yeah, interesting night...the Dax was the most unusual action I've seen for months....so thin yet getting sold at every opp.
Yeah, interesting night...the Dax was the most unusual action I've seen for months....so thin yet getting sold at every opp.
Bounced off of it pretty hard, will be interesting to see how the afternoon plays out.
Those tails are getting longer and longer!
I'd be surprised if we didn't take out 4500 on the XAO .......
HONG KONG (MarketWatch) -- The Reserve Bank of Australia on Tuesday surprised by lowering its policy interest rate by 0.25 percentage points to 3.25%, citing a weakening global economic outlook, uncertainty over Chinese growth and a "somewhat" softened domestic labor market. The rate cut, which takes effect Wednesday, is the RBA's third since April, with the total reduction in the benchmark cash rate target amounting to one percentage point since then. RBA Gov. Glenn Stevens said the central bank decided to make its monetary policy "a little more accommodative" as the growth outlook for next year was deemed to be a "little weaker" due to external factors. The Australian dollar AUDUSD -0.57% slumped after the decision, and was buying $1.0314, as compared with $1.0369 a minutes before the announcement. Stock benchmark S&P/ASX 200 AU:XJO +0.85% extended gains slightly, and was up 0.8% at 4,424.90.
WSJ: - Data showing that Australia's trade deficit unexpectedly blew out in August sent the Australian dollar to a four-week low Wednesday, with further losses likely as traders ramp up bets on further interest rate cuts.
A slump in prices paid for key commodities, such as iron ore and coal, meant Australia returned a A$2.03 billion deficit in August, its worst performance since March 2008 and much wider than the A$685 million that economists had expected.
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