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CMC Markets - Latest News [Page 6]
Mixed Signals Makes Choppy Trading - 15:20 AEST 30/12
Wednesday, 31 December 2014, 1:14 pm | CMC Markets
The mixed signals overnight of higher iron ore and copper prices against a lower gold and oil price have left investors uncertain about the market. This has led to the sell off today in the local market since the open, noting that volumes remain ... More >>
Greece No Longer Contagious - Michael McCarthy CMC Markets
Tuesday, 30 December 2014, 1:59 pm | CMC Markets
Greek bonds and shares were smashed in overnight trading as the parliamentary vote for a new president failed. Despite this looming economic disaster, shares rallied across Europe and US share indices hit new highs as markets collectively concluded ... More >>
A Rock and Hard Place - By Michael McCarthy at CMC Markets
Monday, 29 December 2014, 12:05 pm | CMC Markets
9:40 AEST, Monday, 29 December 2014 A Rock and Hard Place By Michael McCarthy (Chief Market Strategist, CMC Markets) Conflicting leads once again make the day traders’ life a difficult one. Share prices are higher around the world, and a lack of data ... More >>
Australia 200 Index flat as investors eye the turkey
Wednesday, 24 December 2014, 2:13 pm | CMC Markets
The ASX200 is a fraction softer in morning trade, in spite of the strong international leads. More >>
Next generation of investors score a victory
Monday, 6 October 2014, 11:45 am | CMC Markets
AUCKLAND, October 6, 2014 – A team of students from the University of Auckland, including Leo Dion Liu, William Chong and Issa Al-Khudairi, has taken out first place in the 2014 CMC Markets University Trading Challenge. More >>
Continued US Dollar strength keeps Kiwi on the ropes
Tuesday, 26 August 2014, 10:03 am | CMC Markets
The weekend’s gathering of global central bankers at Jackson Hole has reinforced the different challenges facing major economy’s at present, and endorsed the view of a stronger US Dollar. Fed Chair Janet Yellen acknowledges the improving unemployment ... More >>
Kiwi falters as global markets rally on easing in Ukraine
Tuesday, 19 August 2014, 11:53 am | CMC Markets
Risk assets have posted significant rallies in overnight trading as we start the week, with an easing of tensions seen in the Ukraine. Russia has said that a dispute over its humanitarian aid convoy has been settled, a major move forward given the ... More >>
Kiwi falters as global markets rally on easing in Ukraine
Tuesday, 19 August 2014, 9:33 am | CMC Markets
By Garry Dean (Sales Trader, CMC Markets New Zealand) Risk assets have posted significant rallies in overnight trading as we start the week, with an easing of tensions seen in Ukraine. Russia have said that a dispute over its humanitarian aid convoy has ... More >>
Pleasing reporting season despite ANZ softer revenue growth
Friday, 15 August 2014, 11:25 am | CMC Markets
Offshore leads should provide a positive macro background for this morning’s share market opening. Mr. Putin’s comments that Russia would stand up for itself but not at the cost of confrontation with the outside world saw further unwinding of ... More >>
Kiwi consolidates over support as geopolitical tensions ease
Tuesday, 12 August 2014, 12:14 pm | CMC Markets
The Kiwi has been hit hard by a combination of factors, with last week’s 8.4% fall at the fortnightly GlobalDairyTrade auction now taking the total fall since February to a staggering 40%. More >>
Kiwi consolidates above major support as tensions ease
Tuesday, 12 August 2014, 9:21 am | CMC Markets
The Kiwi has been hit hard by a combination of factors, with last week’s 8.4% fall at the fortnightly GlobalDairyTrade auction now taking the total fall since February to a staggering 40%. Having already cut the 2015 season forecast price from ... More >>
Strong migration data likely to seal OCR increase Thursday
Tuesday, 22 July 2014, 1:26 pm | CMC Markets
The Kiwi continues to consolidate around 0.8700 in the lead up to Thursday’s Reserve Bank OCR review. While last week’s Q2 CPI number printed just below market expectation, it was largely in line with the Reserve Bank’s June projections at +0.3% for the ... More >>
Strong migration data likely to seal OCR increase
Tuesday, 22 July 2014, 10:23 am | CMC Markets
By Garry Dean (Sales Trader, CMC Markets New Zealand) The Kiwi continues to consolidate around 0.8700 in the leadup to Thursday’s Reserve Bank OCR review. While last week’s Q2 CPI number printed just below market expectation, it was largely in line with ... More >>
Inflation data and Fed Testimony to set direction for Kiwi
Tuesday, 15 July 2014, 10:19 am | CMC Markets
By Garry Dean (Sales Trader, CMC Markets New Zealand) The kiwi has proven resilient over the past week, and continues to find solid support just beneath 0.8800 ahead of Wednesday’s inflation data. The market is forecasting the Q2 CPI number to print ... More >>
Kiwi correction hopes rest with FED reaction
Tuesday, 8 July 2014, 9:33 am | CMC Markets
08:40 NZT, Tuesday 8 July 2014 Kiwi correction hopes rest with FED reaction to stronger economic data. By Garry Dean (Sales Trader, CMC Markets New Zealand) The Kiwi is proving extremely resilient amidst all of the noise surrounding last Thursday’s ... More >>
Inflation pressures and dovish FED combine to raise Kiwi
Tuesday, 1 July 2014, 9:04 am | CMC Markets
June Business Confidence was released yesterday, and showed a massive drop to 42.8 in June from 53.5 in May, with the Activity Outlook falling to 45.8 from 51.0. The reading is hardly surprising given the strength of the exchange rate, and reflects ... More >>
Kiwi trades to six-week high despite geopolitical risks
Tuesday, 24 June 2014, 9:38 am | CMC Markets
By Garry Dean (Sales Trader, CMC Markets New Zealand) The week started with a bang for the Kiwi, with the release of data showing annual migration for the year through May of 36,400 – the highest level in more than a decade, and well above the levels ... More >>
Yield attraction will continue to support the Kiwi
Tuesday, 17 June 2014, 10:14 am | CMC Markets
The hawkish tone of last week’s RBNZ Monetary Policy Statement surprised a number of market analysts, and resulted in an explosive rally in the Kiwi to 0.8700. To varying degrees, most analysts were expecting the forecast track of the 90-day bank ... More >>
RBNZ face challenging decision on Thursday
Tuesday, 10 June 2014, 12:00 pm | CMC Markets
The key focus for the New Zealand dollar will be the Reserve Bank on Thursday morning, with the market widely expecting the OCR to be increased 25 points to 3.25%. The variance among market forecasters sits around the revisions contained within the ... More >>
RBNZ face challenging decision on Thursday
Tuesday, 10 June 2014, 9:25 am | CMC Markets
The key focus for the New Zealand dollar will be the Reserve Bank on Thursday morning, with the market widely expecting the OCR to be increased 25 pts to 3.25%. The variance among market forecasters sits around the revisions contained within the June Monetary ... More >>
