Tag Archives: Australian Banks

Subliminal Banking – why Australian’s love to hate their banks

May 2, 2012

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In the wake of the RBA’s decision on monetary policy yesterday and as we await the consequent decisions of the Majors whether or not they hold back some of the cuts I thought it might be useful to think about a couple of my favourite topics which have converged over the past couple of days […]

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RBA Panic? Not on your Nellie!

May 1, 2012

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The RBA has done the right thing and let the inflation outlook give them room to cut rates. The Wordle summary is below and highlights the key drivers of growth and inflation. So in the context of what they said last month, and where the economy is I find it interesting to have read many comments about the […]

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Chinese PMI feeds the debate – what will risk assets do?

April 1, 2012

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I’m writing this Sunday night Newcastle time (GMT +10) and I’m guessing that tomorrow mornings open is going to be a pretty good one for the Aussie Dollar and for risk assets. The reason for this is that the Chinese data out over the weekend was not as bad as the Flash Chinese PMI suggested […]

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Australian Dollar Debate – up OR down?

March 30, 2012

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My piece yesterday where I declared myself now a bear on the Aussie Dollar in a medium term sense expecting it to trade under parity at some point as opposed to breaking back higher elicited some interesting direct feedback from readers and mates in the markets via email. The primary discussion was two fold: The […]

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RBA on Australian banking – Solid as a rock!

March 29, 2012

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The RBA released its Financial Stability review yesterday which was its usual comprehensive document. Here is very high level summary of what they said with regard to the domestic sector: The Australian Banking system is in fine fettle. The RBA, like APRA are worried about the credit standards of the listed banks for lending and […]

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MMMM…Commodities pressuring Australian Equities?

January 10, 2012

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Usually when I think of the CRB (Commodity Research Bureau) Index I’m looking at it as part of my toolkit for the Australian Dollar outlook. But I was talking to a few mates over in Perth yesterday and thoughts turned to the relationship between the CRB and the  S&P ASX 200. We all have our […]

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School Shoes

January 9, 2012

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In the earlier part of last year I mentioned to Greg that I thought the RBA was going to cut even though all the press at the time and the pundits were still talking, aggressively, about rate hikes. I’d seen on the ABC news that the talk was all about the need to hike but […]

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Rally fades on German honesty.

October 18, 2011

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You have to wonder if the Germans actually think that a prolonged period before resolution is preferable to something more market friendly and swift. I was only talking with a colleague last week about the different time frames in play at the moment. In Europe you can go to a city where there is a […]

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Reacting to a reactive rally – can the market extend further?

October 17, 2011

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It has been an amazing two weeks. Fear and loathing, indeed panic have given way to hope, high spirits and exuberant price action. On Friday night we saw this again with the Dow up 1.45%, the S&P 500 1.74% and the Australian Dollar cruised up and through the 1.03 level. As I noted the key […]

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Australian Dollar Pause

October 6, 2011

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Over the past few days trade in markets was initially terribly negative and then more latterly terribly positive. These swings are symptomatic of a market environment dominated by fear. The Australian Dollar is no different and has traded in a range of 0.9702 on Monday to 0.9388 Tuesday and then back to 0.9660/70 overnight. In the […]

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