G’day Traders, If you would like to listen to an audio recording of this Daily Update, please click here. “Australia’s Top Four Banks are on review by Moody’s – a sign our financial industry is on its last legs.” Sorry about the bad headline today, but on Australian news all we are hearing about is [...]

G’day Traders, While I am over here in the US I have noticed a big pick up in confidence compared to three months ago. There are more people out shopping and they seem happier. Talking to others at the conference, they have also seen this positivity in places around the US. This of course eventually [...]

G’day Traders, Gold continues to be a great investment reaching record highs – all because the USD is being devalued. Copper stockpiles are said to be extremely low, which supports further bullishness in emerging markets. One of the reasons I see for the moves in Commodities is an extension of the Bush tax cuts by [...]

G’day Traders, I want to try and keep this short and sweet so it sinks in today. It’s time to trade or prepare to trade tomorrow. So today I thought I would look at a few key markets on the signals and see what it all means. Forex: USD/JPY – After a long down trend [...]

G’day Traders, Well it’s Sunday night and I have roast pork on. In the morning I am off to the US for a short trip. Murray and I are going for a course in LA and meeting up with the US team in Vegas. In the meantime, volatility in the markets is picking up. The [...]

G’day Traders, Well it felt good to have the weekend off after a big stretch with the Summit and Intelligent Trading, but I think I will have to take it easy this week too. This week should be volatile with important US data out, but unless we get something really out of whack, much of [...]

G’day Traders, Yesterday was surprising. Firstly, for the positive news and secondly, for the lack of reaction. This just shows you what the markets can be like in Summer. I posted some interesting articles on Twitter last night. A little bit of light reading, but as you may see at the Summit being able to [...]

G’day Traders, What a nice morning it is on the Gold Coast. I have had a great weekend with my brother’s family, including an 8 month old, staying with us. He has been very entertaining without keeping us up at night – amazing! This week is important for the markets. There is plenty of economic [...]

Good Morning, So the Indices have gained some strength with the DOW jumping nearly 150 points, taking the other indices with it. Could this still only be a temporary thing? Spain has now got over 11% deficit which is not much better than Greece, as they have just over 12% and we know the nightmare [...]

Good Morning, Europe announced a “shock and awe” plan to ‘stabilise’ the equity markets and the Euro. Stability is a bit of a strange word to use with the European equities currently up at least 4%, with most much higher, Spain had a 12% rally. Most of the markets we trade have been falling, this [...]