Recent falls in the oil price mean the market is pricing in further global economic weakness but even allowing for modest growth a second half bounce in oil is expected.
At its June meeting today, the RBA decided to lower the official cash rate by 25bp to 3.50%.
The Reserve Bank of Australia has at its June meeting today lowered the official cash rate by 25bp to 3.50%
Despite building expectations for uranium to rise, May was yet another steady month in the flat, post Fukushima U308 market.
FNArena’s weekly update on short positions in the Australian share market.
The USD/EUR cross remains in ATW’s headlights, while crude and commodity futures are showing some possible positive signs.
Chartists at Barclays point out aluminium appears to be carving out a long term bearish pattern on price charts, consistent with the team’s Greater Bearish View.
Your Editor explains the why behind his call ‘ASZ versus BHP’ in March. The secret ingredient is called “dividend support level”.
A glance through the latest expert views and predictions about commodities, with Europe’s declining influence, international funds flows, nickel and emerging issues for mining companies.
Chartists at Barclays anticipate steeper losses for base metals.
