Tuesday May 21
The Jersey Journal
MF Global regulator Gensler faulted by CFTC inspector general over recusal
Gary Gensler, chairman of the Commodity Futures Trading Commission. The agency's inspector general has faulted Gensler's decision to recuse himself from participating in the CFTC's investigation of MF Global's collapse.
Mon May 20, 2013
Crain's Chicago Busines
MF Global trustee liquidates broker's CME memberships
The trustee liquidating MF Global has sold a collection of the bankrupt broker's CME Group memberships for amounts below recent selling prices, according to a list of transactions published by the exchange on Monday.
Thu May 16, 2013
When Bad News Is Good News For Australian Stocks
The relationship between currency weakness and equity strength is generally a function of ultra-low interest rates, which are geared toward enticing investors into stocks with the hope of increasing consumer demand.
Tue May 14, 2013
Housing and retail to make a comeback
IT may have suffered a few bruises from falling commodity prices and a stubbornly high dollar but the Australian economy is expected to make a comeback.
Australia Shuns Europe-Style Austerity as Swan Bets on Jobs
Australian Treasurer Wayne Swan will eschew European-style austerity as a stronger currency slows growth, wagering the government can win a Sept.
Mon May 13, 2013
Use Dip In The AUD To Buy iShares Australia ETF
The Australian Dollar experienced a steep decline over this past week, blowing past the "long zone" as outlined in the chart below due to the Reserve Bank of Australia cutting rates 25 basis points to 2.75%. Of course, this chart featuring the "long zone" and "short zone" is largely a joke between a few traders and I, as clearly if it were that ... (more)
Sun May 12, 2013
Wall Street Journal
Asia's Best Analyst: Industrial Goods & Services
But predicting that Australia's central bank would change the rules around credit-card surcharges was exactly how Macquarie's industrial goods and services analyst Jodie Bannan made her top call of the year on Cabcharge Australia Ltd.
Fri May 10, 2013
RBA upbeat about growth
THERE are even less inflation hurdles for the Reserve Bank of Australia to cut the cash rate further, if need be.
Australian Dollar Slides, RBA Lowers Inflation Outlook
Australian stocks surged at the opening after a rally across Asian markets and mining and energy companies led the gainers.
The Washington Post
Aussie Trades Near Parity as RBA Cuts Inflation View; Kiwi Drops
The Australian dollar was 0.8 percent from falling below parity with its U.S. counterpart for the first time in 10 months as the central bank lowered its inflation forecast following an interest-rate cut this week.
Thu May 09, 2013
INTL FCStone joins chorus of critics against CFTC margin rule
New rules proposed by U.S. regulators will increase costs and inflict long-term damage on commodity futures brokers and their customers, INTL FCStone Inc executives said on Thursday, adding to growing industry criticism of the plan.
Market set to open flat
At 7.17am AEST today, the June share price index futures contract was up one point at 5195.
Wed May 08, 2013
Jobs up and down but slowly getting better
Total employment rose by 50,100 in April, pushing the unemployment rate down 0.1 per cent to 5.5 per cent, the Australian Bureau of Statistics showed on Thursday show.
FOREX-Aussie dollar off lows on upbeat China data; kiwi falls
The Australian dollar pulled up from a two-month low and the yen eased briefly on Wednesday, after better-than-expected Chinese trade numbers eased some concern about slowing growth in the world's second-largest economy.
Families get benefit as IMB cuts rates
The IMB Building Society said yesterday it would pass on the full rate cut announced by the Reserve Bank of Australia on Tuesday.
Yorkton This Week & Enterprise
Canadian dollar climbs amid strong news from Japan and Australia
The Canadian dollar gained ground Tuesday as Australia announced it was slashing its official interest rate by a quarter percentage point.
Reserve Bank Cuts Rate; Australian Dollar Set for Further Weakness
At its May monetary policy meeting, the Reserve Bank of Australia lowered its benchmark interest rate by 25 basis points, to 2.75%. This is a new record low for the central bank.
FOREX-Euro recovers after German data, but gains seen limited
The Reserve Bank of Australia, meanwhile, stunned the market earlier in the global session by cutting interest rates to a record low, undermining the Australian dollar, which fell to its weakest level in two months versus the U.S. currency.
Tue May 07, 2013
Silicon Alley Insider
The Australian Dollar Chart That Has The World Scratching Its Head
There's a rumor buzzing around Australian media that George Soros has made a killing in recent days shorting the Australian Dollar .
Sensex hits three-month high, rises 215 points
Brokers said the buying activity gathered momentum, tracking a strong rally in global markets on the back of lower borrowing costs after Reserve Bank of Australia cut its benchmark interest rate, lifting bluechips further higher.