Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Search the Community

Showing results for tags 'australia'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Welcome to Traders Laboratory
    • Beginners Forum
    • General Trading
    • Traders Log
    • General Discussion
    • Announcements and Support
  • The Markets
    • Market News & Analysis
    • E-mini Futures
    • Forex
    • Futures
    • Stocks
    • Options
    • Spread Betting & CFDs
  • Technical Topics
    • Technical Analysis
    • Automated Trading
    • Coding Forum
    • Swing Trading and Position Trading
    • Market Profile
    • The Wyckoff Forum
    • Volume Spread Analysis
    • The Candlestick Corner
    • Market Internals
    • Day Trading and Scalping
    • Risk & Money Management
    • Trading Psychology
  • Trading Resources
    • Trading Indicators
    • Brokers and Data Feeds
    • Trading Products and Services
    • Tools of the Trade
    • The Marketplace
    • Commercial Content
    • Listings and Reviews
    • Trading Dictionary
    • Trading Articles

Calendars

There are no results to display.

Categories

  • Articles

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


First Name


Last Name


Phone


City


Country


Gender


Occupation


Biography


Interests


LinkedIn


How did you find out about TradersLaboratory?


Vendor


Favorite Markets


Trading Years


Trading Platform


Broker

Found 2 results

  1. The forex traders are still peering into the darkness searching for the dim light at the end of the tunnel, but currently to no avail. Major indicator readings have been starkly depicted the gloomy economic outlook. But there are shades of hope, but unfortunately not in the short term. So the fundamental forex indicators have read as follows: Services PSI (Performance of Service Index) edges closer to tip into the expansionary phase of a reading above 50 points but fell short at 49.3 residing in the contraction zone. Respondents reiterated a lack of confidence and particularly dullness of the domestic demand weighing on business activity. Australian Performance of Construction Index (PCI) went into contraction zone by declining 2.6 points and reaching 48.2. There was mixed performance across industry sectors, with falls in employment and deliveries albeit an expanding industrial activity. Tight credit conditions and lack of public sector tenders, were attributable reasons for decline. However, ABS building approvals showed that the number of dwellings approved rose by 1.5% and consistently rising for the preceding 24 months. Also the value of approved buildings, both residential and non-residential, rose. Fundamental currency analysis of the Aussie The forex traders are still peering into the darkness searching for the dim light at the end of the tunnel, but currently to no avail. Major indicator readings have been starkly depicted the gloomy economic outlook. But there are shades of hope, but unfortunately not in the short term. So the fundamental forex indicators have read as follows: Services PSI (Performance of Service Index) edges closer to tip into the expansionary phase of a reading above 50 points but fell short at 49.3 residing in the contraction zone. Respondents reiterated a lack of confidence and particularly dullness of the domestic demand weighing on business activity. Australian Performance of Construction Index (PCI) went into contraction zone by declining 2.6 points and reaching 48.2. There was mixed performance across industry sectors, with falls in employment and deliveries albeit an expanding industrial activity. Tight credit conditions and lack of public sector tenders, were attributable reasons for decline. However, ABS building approvals showed that the number of dwellings approved rose by 1.5% and consistently rising for the preceding 24 months. Also the value of approved buildings, both residential and non-residential, rose. Quite contrastingly National Australian Bank (NAB) has shown business confidence holding onto gains made in December. However, their overoptimistic notion of a cut in interest rate of RBA by 75 basis points has been met with a snub given that interest has been rolled over at 2.5%. Business confidence has improved 1 point to reach 3, after reaching very poor levels in November, and even though business conditions have improved from a -5 to -2, they still remain in a negative zone, showing a below trend growth. Capacity utilization has fallen, and is now lowest since 2001, and the consumer demand is near record low. Labor costs have softened, in line with sharp deterioration in employment conditions, and final product prices are flat. These prices may come under pressure, due to a very soft downstream demand pattern. Still quite surprisingly 1st quarter demand forecast is a growth of 2.75%, which seems a bit farfetched given the above economic fundamental indexes. On a slightly more positive note, still exasperating the notion of uncertainty, trade balance ran a surplus of $184 million in December, 2013, which was a turnaround of $250 million deficit in December. After a review of the above economic indicators, fundamental forex forecast for Australian Dollar, Aussie, remains bearish in the medium term.
  2. Hi there.. I just recently moved from the US to Australia. I was trading the YM and ES but am not particularly liking my new hours. Anyone have any suggestions for instruments I can switch to? Thanks! Kelly
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.