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CMC Markets - Latest News [Page 10]
NZD battles through its tarnished 'dirty pipe' dairy finding
Wednesday, 7 August 2013, 10:54 am | CMC Markets
New Zealand dollar crosses have experienced a tumultuous couple of trading days, suffering incredible angst in the aftermath of the ‘dirty pipe’ scandal in which tainted milk powder exports invoked botulism scares worldwide. More >>
Direction of NZDUSD determined through offshore factors
Wednesday, 31 July 2013, 1:14 pm | CMC Markets
In a solemn pact of solidarity with its Trans-Tasman counterpart, the New Zealand dollar has tumbled further overnight to open at US 0.7984 following comments by RBA Governor Glenn Stevens. Mr Stevens said yesterday that markets could strongly expect ... More >>
Flat start expected following declines on Wall Street
Tuesday, 30 July 2013, 11:57 am | CMC Markets
Markets continue their wait-and-see mode ahead of a wave of economic data due later in the week. More >>
Kiwi double tops ahead of risk event
Wednesday, 24 July 2013, 12:04 pm | CMC Markets
The NZD has enjoyed recouping lost ground against all major peers this week after markets were rattled by earthquakes over the last five days. Widening of spreads and profit taking saw off the tremors markets initially anticipated. In the end investors ... More >>
Gold stocks in focus
Tuesday, 23 July 2013, 11:51 am | CMC Markets
The Australian market looks set for another firm but relatively quiet day’s trading. Fresh news may be needed to push the index above its recent trading range. More >>
Chinese move gives market plenty to mull over
Monday, 22 July 2013, 6:31 pm | CMC Markets
There is plenty of news for the markets to mull over heading into the new week. The Japanese election result is keeping Abenomics on course, while Chinese interest rate reforms offer at the very least a symbolic benefit even if they do not deliver any ... More >>
Markets to remain range bound despite firm opening
Monday, 22 July 2013, 12:34 pm | CMC Markets
While the Australian market looks set for a firm opening this morning, the index will test the upper end of the range established over the past week and may find it difficult to move convincingly past this level in the absence of fresh news. More >>
Markets uninspired after Bernanke testimony
Thursday, 18 July 2013, 2:50 pm | CMC Markets
The Australian market has followed the lead of the US and is marginally higher in morning trade. Trading has been relatively subdued this week, in stark contrast to the volatility that has characterised the market in recent times. More >>
Kiwi parry's Inflation woes ahead of Bernanke Testimony
Wednesday, 17 July 2013, 11:02 am | CMC Markets
Amidst the weakest local core inflation reading since 1999, the Kiwi dollar has found decent momentum ahead of Fed Chairman Ben Bernanke’s semi-annual testimony due tomorrow morning. More >>
Investors waiting on key releases
Tuesday, 16 July 2013, 12:38 pm | CMC Markets
Despite this morning’s firmer market opening we are likely to see a relatively subdued morning’s trading as investors wait on the release of the RBA minutes and Rio’s quarterly production report. More >>
Chinese GDP Data Offers Mild Relief
Monday, 15 July 2013, 5:26 pm | CMC Markets
There was a minor sense of relief attached to the Chinse GDP result today, despite the result being in line with expectations. Some market participants had been bracing for a potentially worse result than the 7.5% growth rate particularly given the negative ... More >>
Market up on Bernanke comments and jobs data
Thursday, 11 July 2013, 3:31 pm | CMC Markets
The Australian market is sharply higher at midday, as investors consider the latest comments from the Fed’s Dr Bernanke as well as the release of local jobs data. More >>
Gains expected on local market following Bernanke comments
Thursday, 11 July 2013, 12:20 pm | CMC Markets
The SPI indicates that the Australian share market will post subdued gains at the opening bell. However, significant gains are a possibility with the investor’s confidence likely boosted following Bernanke’s comments overnight that he is in ... More >>
Australian Dollar succumbs to pressure
Tuesday, 9 July 2013, 5:41 pm | CMC Markets
The good vibes from the commencement of Wall Street’s second quarter reporting season has continued to spread its cheer. The Nikkei is back on track to shaking off yesterday’s losses, with Tokyo-based stocks tracking gains for most of the ... More >>
Asian markets fail to share Wall Street’s positivity
Monday, 8 July 2013, 5:08 pm | CMC Markets
Despite the Nikkei taking an early liking to the weaker Yen, most markets across Asia failed to share the Wall Street positivity in the wake of Fridays US jobs report. With the US Dollar being the prime beneficiary of the robust Non-Farm Payrolls report, ... More >>
Dovish central bank tone comes as music to the ears
Friday, 5 July 2013, 7:58 pm | CMC Markets
Central bank comments from Europe which confirmed a protracted period of low interest rates came as music to the ears of investors, which seemingly released the pressure valve across European bourses. Investors took comfort from the fact that the BOE ... More >>
Materials sparkle in morning session
Friday, 5 July 2013, 12:48 pm | CMC Markets
The local sharemarket has followed up yesterday’s gains with a sparkling early session performance, picking up on the latest wave of positivity from the northern hemisphere. The Materials sector is leading the surge with RIO, BHP and FMG all notching ... More >>
Local market follows US higher
Thursday, 4 July 2013, 2:31 pm | CMC Markets
The Australian market has made a strong start to the day, following the lead of Wall Street overnight. US equities climbed after the release of better than expected employment data for June. More >>
US data expected to outshine Egypt political uncertainty
Thursday, 4 July 2013, 11:51 am | CMC Markets
The Australian share market is set to open with modest gains as encouraging US employment data is likely to outshine the political uncertainty in Egypt and Portugal. I would expect the energy sector to outperform in today’s session with the price of crude ... More >>
RBA rate decision pushes NZDAUD to 2008 highs
Wednesday, 3 July 2013, 11:21 am | CMC Markets
Hot on the heels of the Reserve Bank of Australia’s (RBA) interest rate decision to keep rates on hold at 2.75%, the NZDAUD cross has relinquished its bearish pattern pushing through an historic four year resistance briefly touching 85 cents before ... More >>
