GLOBAL MARKETS-Stocks take breather after January surge, Adani plunges in India
LONDON, Jan 27 (Reuters) – World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week’s slate of top central bank meetings.Asia-Pacific shares maintained their best start to a year […]
ASIC Drafts Reporting Rules for Foreign Brokers
The Australian Securities and Investments Commission (ASIC) is moving towards tightening rules for foreign financial services companies with Australian operations. From October 2024, foreign brokers dealing with Australian retail clients will likely have to report their local transactions to the Aussie regulator. ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator […]
Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]
When is the Australian employment report and how could it affect AUD/USD?
December month employment statistics from the Australian Bureau of Statistics, up for publishing at 00:30 GMT on Thursday, will be the immediate catalyst for the AUD/USD pair traders. Market consensus suggests that the headline Unemployment Rate may remain unchanged at 3.4% on a seasonally adjusted basis whereas Employment Change could ease to 22.5K versus the […]
Top Forex Brokers in Australia
The Australian retail trading landscape couldn’t be more diverse, which makes finding the top forex broker in Australia a hard endeavor. Thankfully, Australia is blessed by a wide range of brokers and a mature industry that caters to a growing base of investors. Australia itself is well known for brokers and retail investing, which is […]