The ASX 200 has rebounded upward from a crucial technical landmark. This development appears to stem from increased industrial activity in Australia, occurring at a time when two economic giants—the US and China—are engaged in a tariff war. Key Price Levels: Resistance Levels: 8,500, 9,000, 9,500 Support Levels: 8,000, 7,500, 7,000 ASX 200 Recovers From […]
Australia’s monetary policymakers have been working to control inflation for some time. However, as inflation began to ease, Australian stocks, including the ASX, started gaining momentum. As a result, the Australia 200 index has successfully pushed through the AUD 8,000 price level. Key Price Levels: Resistance Levels: AUD 8,500, AUD 9,000, AUD 9,500 Support Levels: […]
The Australia 200 index had retreated from nearly 8,400 AUD due to selling pressure from the technology sector. However, a rebound occurred on Monday, bringing the market back in line with the overall uptrend established since October 2023. Meanwhile, today’s trading activity remains in positive territory as investors watch for the US CPI release, a […]
Woodside Energy Group, Australia’s leading oil and gas producer, has announced a significant step in its expansion strategy by acquiring U.S.-based Tellurian for approximately $1.2 billion. This acquisition includes Tellurian’s fully permitted and advanced-stage Driftwood LNG export project near Lake Charles, Louisiana.Under the terms of the deal, Woodside will pay an all-cash price of $900 […]
At the beginning of the year, Australia overtook Russia to become China’s primary coal provider, coinciding with the ongoing improvement in bilateral relations between Beijing and Canberra. In January and February, Chinese customs data revealed a remarkable 3,188 percent surge in imports, amounting to US$1.34 billion, compared to nil shipments in January 2023. Australian coal […]
Global equities stabilized on Tuesday, while the yen weakened beyond 150 against the dollar following the Bank of Japan‘s decision to end eight years of negative interest rates, meeting market expectations. This event is likely the highlight of a busy week for central banks. Investors are now shifting their attention to the U.S. Federal Reserve’s […]
In early Thursday trading, most Asian shares were on the rise following Wall Street’s partial recovery. Japan’s Nikkei 225 initially reached a record high before retreating slightly to 39,794.13, a decrease of 0.7%. Meanwhile, Australia’s S&P/ASX 200 edged up by nearly 0.1% to 7,740.80. South Korea’s Kospi saw a 0.5% increase to 2,654.45. Hong Kong’s […]
The Australian Dollar (AUD) has taken a hit against the US Dollar (USD) following the Reserve Bank of Australia’s (RBA) decision to maintain its cash rate at 4.10%, as widely anticipated by market experts. Governor Philip Lowe, who is set to retire in just two weeks, presided over this critical monetary policy decision. Lowe’s statement […]
The Australian dollar had a reason to smile on Thursday as it climbed higher against the US dollar. Data showed that the Australian labor market remained tight, something that could result in higher inflation for a longer period. The unemployment rate stayed low at 3.5% in March, beating the 3.6% expected by economists. This was […]
