something interesting

<  BACK TO Market Analysis

PIG TODAY-AUD: Miners fall off a cliff

Steep losses in mining stocks following a collapse in the iron ore price weigh on the sharemarket, putting it on track for its first loss in five session, while the Aussie dollar is boosted by a surprise surge in new jobs.

  • (Incredible) strength in the jobs market, as the economy creates 60.9k new (full-time) jobs in March
  • The RBA is more concerned about the surge in household debt and a rise in interest only loans
  • The Aussie dollar jumps back above US75c, after Donald Trump jawbones the US dollar
  • The iron ore price collapse continues, falling below $US70 a tonne as buyers take cover
  • Fortescue iron ore shipments drop 6 per cent in last quarter, due to heavy rainfall and port closures
  • Source: smh.com.au

    Steep losses in mining stocks following a collapse in the iron ore price weigh on the sharemarket, putting it on track for its first loss in five session, while the Aussie dollar is boosted by a surprise surge in new jobs.

  • (Incredible) strength in the jobs market, as the economy creates 60.9k new (full-time) jobs in March
  • The RBA is more concerned about the surge in household debt and a rise in interest only loans
  • The Aussie dollar jumps back above US75c, after Donald Trump jawbones the US dollar
  • The iron ore price collapse continues, falling below $US70 a tonne as buyers take cover
  • Fortescue iron ore shipments drop 6 per cent in last quarter, due to heavy rainfall and port closures
  • Source: smh.com.au

    lastest Articles

    Market Analysis
    Brexit talks drag on as key UK PM Johnson ally threatens hold-out – Bloomberg
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD still targets 1.1100 and above – UOB
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Boris on the brink of a Brexit deal, trade concerns reemerge, US Retail Sales eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    China: Widening divergence between CPI and PPI – ANZ
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    When is the UK jobs report and how could it affect GBP/USD?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD drops to session lows near 1.1010 ahead of ZEW
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Focus shifts to Brexit, IMF’s WEO, Earnings Season, and Chinese data
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/JPY technical analysis: Intraday positive move stalls near descending trend-channel resistance
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Breaking: EUR/USD breaks above 1.10 amid trade hopes – two week highs
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EU Official: Eurozone budget should be around EUR 17 bln
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold holds steady in a range, just below $1510 level
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US: Surprise upside in Producer Prices – TD Securities
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD locked in a tight range and ready to explode, more likely to the downside – Confluence Detector
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD may recover as support is stronger than resistance — Confluence Detector
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD is approaching the 4 month downtrend – Commerzbank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Markets see glass half full in trade, Boris bracing collapse in talks, and Powell's speech eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    JPY Futures: cautiously neutral near term
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Scope for EUR/USD to test 1.10 in the near term – UOB
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: China limits scope for talks, EU skeptical on Brexit, and Trump's troubles mount
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar on Backfoot as US Data Disappoints
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US: Non-Farm Payrolls seen increasing by 125k in September - Nomura
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    AUD brushes off equity turmoil – Westpac
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    China's Yuan to refresh decade lows as trade war drags on - Reuters poll
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/JPY Technical Analysis: Remains under pressure around 4-week lows
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US: NFP likely to gain 150k in September – TD Securities
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: Targets the 21-day SMA at 1.1000 in the near term
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD: On reversal watch – Commerzbank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD stays below 1.23 after UK Sept Manufacturing PMI rebounds to 48.3
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Fed’s Evans: US monetary policy needed some "repositioning" to align against risks
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold: Recent Mid-East flare up adds to upside risks – ING
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BOJ’s Kuroda: Downside risks in global economy heightening
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD eyes 1.0890 as the next downside target – Confluence Detector
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD remains offered around 1.10, looks to ECB-speak
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD: Easing back – Commerzbank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold trades with modest losses, just below $1530 level
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    UK: Further political uncertainty – Rabobank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold sits near 2-week tops, just above $1520 level
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD attempts a recovery post-IFO, still below 1.10
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    U.K. companies for sale — at a 13% discount
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Trump is not in a hurry - Rabobank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD comes under pressure and breaches 1.10 on PMIs
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    FOREX Week Ahead: Markets remain focused on geopolitical risks
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold climbs further beyond $1500 mark, lacks follow-through
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BOE prepares the ground
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD may free-fall if it loses this support line – Confluence Detector
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY consolidates near 1-1/2 month tops, comfortably above 108.00 handle
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    RBA Minutes: Little more downbeat
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD: Range trading – Commerzbank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    UK’s Raab: EU claiming no detailed plans put forward is a diplomatic pressure exercise
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    AUD/USD climbs back closer to multi-week tops, comfortable above mid-0.6800s
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Oil surges, how will EMs react? - TDS
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead- Central banks the only game in town
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    JPY Futures: further downside on the cards
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD further upside not ruled out – UOB
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Hopes for a small trade deal boosts mood, EUR/USD digests ECB whipsaw, US consumer in focus
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB press conference - September 12: Draghi speech live stream
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Breaking: ECB slashes rates by only 0.1% but announces QE, EUR/USD leaps, then crashes
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    Buckle Up, Get Set ...and GO!
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold trades with modest gains around $1490 level, lacks follow-through
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Germany’s Merkel: We still have every chance of orderly Brexit
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Risk tone improves on trade progress, focus shifts to ECB
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: A test of the 1.1080 region looks unlikely near term
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/JPY consolidates recent gains to over 1-month tops, holds above 132.00 handle
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/JPY Technical Analysis: Rising odds for extra gains near term
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Dollar Retreats After Jobs Miss and Higher Risk Appetite
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US Dollar Index Technical Analysis: The near-term constructive view stays intact above 97.96
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/JPY Technical Analysis: Recovery stays firm. Next target at the 55-day SMA at 119.78
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold adds to Thursday’s steep decline, hits fresh 2-week lows
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR Futures: scope for extra gains near term
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB Pres. Nominee Lagarde: ECB need not be guided by markets
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/JPY climbs further beyond 129.00 handle, fresh weekly tops
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    GBP Pairs Margin Requirement Change
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD: Poised to encounter the August low
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    AUD/USD should continue to find buyers on dips under 0.6700 – Westpac
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: Further selling should see 1.0839 re-tested in the near term. Rebound not ruled out on ‘oversold’ condition
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD could drop further and test 1.0930 – UOB
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD: further downside not ruled out
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/JPY down move over?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – New Tariffs Begin on China as RBA, BOC, Riksbank and CBR have rate decisions
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    China Steals Fed’s Thunder With New Round of Tariffs
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD once again finds support near 1.2100 mark, turns neutral post-UK services PMI
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: The outlook remains bearish while below the 55-day SMA near 1.1230
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: China strikes back with yuan devaluation, yen surges, commodity currencies crash
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week ahead – Focus shifts east
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Fed-fueled dollar dominates, GBP/USD fears BOE's Super Thursday, and more NFP hints eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY sits near 2-month tops, comfortably above 109.00 handle
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BoE and global PMIs amongst market movers today
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    USD/JPY: a test of 109.00 stays on the table
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Fed: Market currently fully pricing a 25bps cut – Deutsche Bank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: GBP/USD, AUD/USD, NZD/USD -31.07.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold holds steady near $1425 area, focus remains on FOMC/US-China trade talks
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BoJ: No fireworks offered
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: EUR/USD, GBP/USD, USD/JPY - 30.07.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/GBP climbs to 2-week highs around 0.9020
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BoJ to move towards strengthening its forward guidance
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Tech Targets: GBP/USD, AUD/USD, NZD/USD -29.07.2019
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    UK: Tough electoral rhetoric on Brexit - Rabobank
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Fed: Scope for disappointment
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613