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Source: http://www.australiaforexbrokers.blogspot.com/feeds/posts/default/-/Australian%20Market%20updates

1. <?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:blogger='http://schemas.google.com/blogger/2008' xmlns:georss='http://www.georss.org/georss' xmlns:gd="http://schemas.google.com/g/2005" xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-7536970362965208970</id><updated>2024-02-19T14:10:10.164+10:00</updated><category term="Forex Education"/><category term="Australian Market updates"/><category term="Australian Forex brokers"/><category term="Australia forex brokers"/><category term="forex brokers in Australia"/><category term="Aussie forex brokers"/><category term="Online Trading platform"/><category term="currency trading"/><category term="forex market hours in Australia"/><category term="forex trading in Australia"/><category term="Australia currency trading basics"/><category term="Australia forex market hours"/><category term="Forex market Australia"/><title type='text'>Australia Forex Brokers</title><subtitle type='html'></subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/-/Australian+Market+updates'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/search/label/Australian%20Market%20updates'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>23</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>25</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-1276355667515743178</id><published>2013-11-15T23:19:00.000+10:00</published><updated>2013-10-10T16:03:57.584+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australia forex market hours"/><category scheme="http://www.blogger.com/atom/ns#" term="Australian Forex brokers"/><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><category scheme="http://www.blogger.com/atom/ns#" term="Forex Education"/><category scheme="http://www.blogger.com/atom/ns#" term="Forex market Australia"/><category scheme="http://www.blogger.com/atom/ns#" term="forex market hours in Australia"/><title type='text'>Australia Forex Market Hours</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
2. <br />
3. <div class="post-body entry-content" id="post-body-4006877568574091685" style="background-color: white; color: #222222; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 1.4; position: relative; text-align: -webkit-auto; width: 570px;">
4. <div dir="ltr" style="text-align: left;" trbidi="on">
5. <div style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;">
6. <div style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;">
7. <img alt="Australia Forex Market hours " border="0" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwHuB3C6NZOy0JNBkfYPvq4tLoQfCJlH1GlU8XASkNbmDpeeEgwVlQ9bMvMrOVkkEH4R07QjAENReZotRs4GUcV1tjGrWklDpGhnWzJrFLMCMvAZ8yoNqxitdVP1qQu6oa6OwTubXE04s/s320/dubai+forex+brokers+market+hours.jpg" style="border: 1px solid rgb(238, 238, 238); box-shadow: 1px 1px 5px rgba(0, 0, 0, 0.098); padding: 5px;" title="Forex Market hours for Australia forex brokers" width="320" /></div>
8. </div>
9. <div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;">
10. <br /></div>
11. <div align="justify">
12. <span style="text-align: left;">One of the most stated facts about </span><a href="http://australiaforexbrokers.blogspot.com/" style="text-align: left;">Forex trading in Australia</a><span style="text-align: left;"> is its market hours. It operate 24 hours a day with three sessions forming this market namely the Asian session, US session and European session. In between each session, there is a period of time where two sessions are open at the same time. This occurrence is known as a session overlap. From 3:00 PM to 4:00 AM EDT, the Tokyo session and London session overlap while from 8:00 AM – 12:00 PM EDT, the London session and the New York session overlap. During session overlaps, the markets are very liquid, meaning that there are a lot of trading activities going on at these times. Naturally, these are the best times to trade. While the extent of </span><a href="http://australiaforexbrokers.blogspot.com/2012/06/australia-forex-market-hours.html" style="text-align: left;">Australia forex trading hours</a><span style="text-align: left;"> allows you to place and execute trades at any time of the day or night, anywhere in the world, there are some times where the volume of trades is significantly higher. For example, those hours where the North American and the British markets are still open simultaneously, you’ll find there is a far greater trading volume. The same is true for the Australian and Tokyo market overlap, as well as the Tokyo and British time overlap. This can mean your trades are executed more swiftly and there’s more liquidity in the market. The first hour after one of the major market opens is very important to serious Forex traders. This is because the opening can sometimes indicate early trends emerging within a market. Keep a careful watch on the </span><a href="http://currencytradinginaustralia.blogspot.com/" style="text-align: left;">Australia currency trading</a><span style="background-color: white; color: #222222; display: inline ! important; float: none; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"> hours while you’re trading. You’ll find it much easier to plan when to place your trades for fast liquidity.</span><br />
13. <span style="background-color: white; color: #222222; display: inline ! important; float: none; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
14. <br /><a href="http://www.hymarkets.com/servlet/track?campaignid=701_d0000000m_f_e_u&utm_landingpageid=en_2215&utm_campaign=701_d0000000m_f_e_u&utm_source=australiaforexbrokers.blogspot.com&utm_medium=banner_ads" imageanchor="1" rel="nofollow" style="margin-left: 1em; margin-right: 1em;"><img alt="start forex trading now - australia" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdXGA6i-a9vPNg9e5ZwdJKgX8v8zfO5hjlukEnRrBz4yrQdwrpQCIhi37n4Nmkq1oBBrR1_UEP0s0Yr0htN0Ibg6sUdoZZXQhrmBT5dw_CsOFu6R2XwLbwfoG6Sia8B8SXU7mGdiCNI2w/s1600/start-trading-australia.jpeg" /></a><br /><br />
15. Here is a tool, you can find about <a href="http://australiaforexbrokers.blogspot.com/2012/06/australia-forex-market-hours.html">Australian Forex Market hours</a> . Please put the time zone according to <a href="http://australiaforexbrokers.blogspot.com/">Australia forex</a> market hours. Mainly there are four main forex markets which are located in -New York -London -Tokyo -Sydney</span><br />
16. <span style="background-color: white; color: #222222; display: inline ! important; float: none; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
17.  
18. <br />
19. </span><br />
20. <div class="markets" style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
21. </div>
22. <span style="background-color: white; color: #222222; display: inline ! important; float: none; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
23. </span></div>
24. <div float="left" style="width: 393px;">
25. <iframe allowtransparency="true" frameborder="0" height="224" scrolling="no" src="http://fxtrade.oanda.com/embed/show/forex_market_hours/1/?" style="border: 0px solid rgb(255, 255, 255); display: block; height: 224px; width: 393px;" width="393"></iframe><br />
26. <div style="color: black; float: right; font-size: 9px;">
27. <a href="http://fxtrade.oanda.com/analysis/market-hours" id="forex_market_hours_fxtrade_tool_link" style="color: #2288bb; text-decoration: none;"></a><a href="http://fxtrade.oanda.com/" id="forex_market_hours_fxtrade_link" style="color: #2288bb; text-decoration: none;"></a></div>
28. <br />
29. <div style="clear: both;">
30. </div>
31. </div>
32. <div style="text-align: justify;">
33. <div style="color: black; font-family: Arial; margin-bottom: 1.5em; margin-top: 1.5em; text-align: -webkit-auto;">
34. <div style="text-align: justify;">
35. So, when you try to determine the best time to trade the forex market this information would prove very useful. Trades have almost always the same relative frequency and until the forex market remains open, the probability of finding a trade whenever you look is almost the same. This is all about volume of trade. It is determined by the number of markets that are open and the number of times each of these markets overlap with each other.</div>
36. </div>
37. <div style="color: black; font-family: Arial; margin-bottom: 1.5em; margin-top: 1.5em; text-align: -webkit-auto;">
38. <div style="text-align: justify;">
39. Keeping in mind the forex volume is extremely essential. It is generally seen that the volume of transactions remains high all through the day but when does it peak? The answer is when the Asian markets with Australia and New Zealand, the European markets and the US markets open simultaneously. This is the best time to trade the forex market.
40. <br />
41. <a href="http://www.hymarkets.com/servlet/track?campaignid=701_d0000000m_f_e_u&utm_landingpageid=en_2215&utm_campaign=701_d0000000m_f_e_u&utm_source=australiaforexbrokers.blogspot.com&utm_medium=banner_ads" imageanchor="1" rel="nofollow" style="margin-left: 1em; margin-right: 1em;"><img alt="start forex trading now - australia" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdXGA6i-a9vPNg9e5ZwdJKgX8v8zfO5hjlukEnRrBz4yrQdwrpQCIhi37n4Nmkq1oBBrR1_UEP0s0Yr0htN0Ibg6sUdoZZXQhrmBT5dw_CsOFu6R2XwLbwfoG6Sia8B8SXU7mGdiCNI2w/s1600/start-trading-australia.jpeg" /></a><br />
42. <br />
43. <a href="https://plus.google.com/109542622052112810873" rel="author">About Me</a></div>
44. </div>
45. </div>
46. </div>
47. </div>
48. </div>
49. </content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/1276355667515743178'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/1276355667515743178'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2012/06/australia-forex-market-hours.html' title='Australia Forex Market Hours'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwHuB3C6NZOy0JNBkfYPvq4tLoQfCJlH1GlU8XASkNbmDpeeEgwVlQ9bMvMrOVkkEH4R07QjAENReZotRs4GUcV1tjGrWklDpGhnWzJrFLMCMvAZ8yoNqxitdVP1qQu6oa6OwTubXE04s/s72-c/dubai+forex+brokers+market+hours.jpg" height="72" width="72"/><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.775136</georss:point><georss:box>-53.751371500000005 93.3454485 3.2025754999999982 174.2048235</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-580280399080236032</id><published>2013-10-25T21:03:00.004+10:00</published><updated>2013-10-25T21:03:55.777+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australian Dollar Climbs On Upbeat Chinese PMI </title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
50. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Aussie Dollar" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" title="" /></a></div>
51. <div style="text-align: justify;">
52. The Aussie advanced 0.3% against the greenback on Thursday, after the release of the Chinese HSBC flash manufacturing PMI rose to a seven-month high, lifted by the higher commodity prices which also supported demand.
53. The Australian dollar advanced 0.24% higher at $0.9648 against the US dollar as of 5:30am GMT, after the aussie reached its highest level since June 3.</div>
54. <div style="text-align: justify;">
55. The aussie rose 0.20% higher at A$1.4288 against the euro at the same time.</div>
56. <div style="text-align: justify;">
57. China’s HSBC’s flash Purchasing Managers Index (PMI) came in at a reading of 50.9 in October, advancing from its previous reading of 50.2 in the previous month. An index reading above 50 indicates an expansion in the sector. Meanwhile China’s benchmark money-market rate advanced for a second day, rising to its highest level since July.</div>
58. <h3 style="text-align: justify;">
59. Commodity Currency</h3>
60. <div style="text-align: justify;">
61. The Australian dollar edged higher against the greenback on Thursday, driven by the high oil and metal prices lifted commodity-linked currencies.
62. New Zealand’s kiwi rose 0.35% higher at $0.8414 against the US dollar at the time of writing, while the Canadian dollar advanced 0.08% to C$1.0374 at the time of writing.</div>
63. <div style="text-align: justify;">
64. While the West Texas Intermediate crude climbed 0.63% higher at $97.47 per barrel, while the European benchmark Brent crude oil was seen trading 0.05% higher at $107.87 per barrel at the time of writing.
65. Yellow metal contracts for December edged 0.15% higher to $1,336.10 an ounce on New York’s Comex at the time of writing, while silver futures added 0.52% to $22.735.
66. RBA Deputy Governor Philip Lowe said the he observes signs of improvement in the country’s economy and Australia’s central bank is at a stronger position after the one-off grant from the government.
67. He also commented on the positive developments from China, which are important to Australia.
68. </div>
69. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/580280399080236032/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/australian-dollar-climbs-on-upbeat.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/580280399080236032'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/580280399080236032'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/australian-dollar-climbs-on-upbeat.html' title='Australian Dollar Climbs On Upbeat Chinese PMI '/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-7591579483534989880</id><published>2013-10-25T20:56:00.001+10:00</published><updated>2013-10-25T21:00:34.890+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australia’s Benchmark Index Jumps To Highest Level.</title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
70. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s1600/australian-stocks.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s1600/australian-stocks.jpg" /></a></div>
71. <div style="text-align: justify;">
72. The Australian S&P/ASX200 index rose 37.3 points higher at 5358.8 points, its highest level since February 2008.
73. “It looks like a good firm opening and that just follows on from the US on Friday night,'' said Ric Spooner, chief market analyst from CMC.</div>
74. <div style="text-align: justify;">
75. Last week the European and US markets finished the week in a positive territory after the 16-day US government shutdown ended.
76. According to Mr Spooner, the local market is at a inflection stage at which it could either rise in the coming weeks or fall and drop back.</div>
77. <div style="text-align: justify;">
78. “It will be interesting to see which way the market plays it over the coming days,'' Mr Spooner added.
79. Investors and analysts are focusing on the BHP’s production report and the US jobs data expected to be released later today.
80. BHP Billiton was seen edging 32 cents higher at $36.07 while Fortescue Metals Group jumped 8c to $5.38 and Rio Tinto gained 28 cents to $63.78.</div>
81. <div style="text-align: justify;">
82. The main four banks also saw gains with Westpac advancing 35 cents to $34.35, ANZ gained 26 cents to $32.12 while the Commonwealth Bank jumped 42 cents to $74.49 and National Australia Bank edged 28 cents higher to $36.26.
83. </div>
84. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/7591579483534989880/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/australias-benchmark-index-jumps-to.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/7591579483534989880'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/7591579483534989880'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/australias-benchmark-index-jumps-to.html' title='Australia’s Benchmark Index Jumps To Highest Level.'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s72-c/australian-stocks.jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-8868331293652922921</id><published>2013-10-25T20:53:00.003+10:00</published><updated>2013-10-25T20:53:48.705+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Aussie Dollar Reaches Fresh High | Aussie Fx brokers</title><content type='html'>&lt;div style=&quot;text-align: justify;&quot;&gt;
85. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Aussie Dollar Reaches Fresh High" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" title="" /></a>The <a href="http://australiaforexbrokers.blogspot.com/">Australian dollar</a> rose, reaching a four-month high, trading at approximately US96.73, driven by the commodity prices.
86. Australia’s biggest exporters have remained sturdy, showing signs of strong Chinese steel industry activity, according to Ray Attrill, the head of currency strategy at National Australia Bank.</div>
87. <div style="text-align: justify;">
88. Last week, the Reserve Bank of Australia said that it is not in a hurry to cut the interest rate any further.
89. "It's hard to see the RBA cutting rates given improving confidence and house-price</div>
90. gains. Unless data turns this thesis on its head in coming weeks, November and December are shaping up as on-hold months," Mr Attrill said.
91. Analysts are expecting the third quarter inflation data will be tough to predict whether the central bank will cut its inflation rate further.<br />
92. <div style="text-align: justify;">
93. According to a survey compiled by the Wall Street Journal, approximately 14 economists are expecting the inflation to increase by 0.8% in the third quarter from the previous quarter and a rise of 1.8% in a year.
94. "Inflationary pressures should remain muted and should reinforce to the RBA board that an easing bias remains appropriate," Sue Trinh commented, currency strategist at RBC Capital Markets in Hong Kong.
95. HSBC Australia’s chief economist, Paul Bloxham said that the record-low interest rate are  starting to boost parts of the economy such as the housing sector, business sector and consumer confidence.</div>
96. <div style="text-align: justify;">
97. "Inflation is expected to be low enough that the RBA could consider cutting rates. But, at the same time, the cash rate is already low, monetary policy is gaining traction in the housing market, and confidence is lifting," Mr Bloxham said.
98. "It is becoming increasingly clear that while the RBA remains concerned about the economic growth transition from mining investment to non-mining investment, the RBA is also somewhat concerned about record low interest rates lifting local Australian house prices to elevated levels," Commonwealth Bank of Australia (CBA) stated in a note to clients.
99. </div>
100. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/8868331293652922921/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/aussie-dollar-reaches-fresh-high-aussie.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8868331293652922921'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8868331293652922921'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/aussie-dollar-reaches-fresh-high-aussie.html' title='Aussie Dollar Reaches Fresh High | Aussie Fx brokers'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-2809611763117434381</id><published>2013-10-25T20:45:00.001+10:00</published><updated>2013-10-25T21:00:51.163+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Banned Aussie trader hits back at ASIC</title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
101. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s1600/australian-stocks.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s1600/australian-stocks.jpg" /></a></div>
102. <div style="text-align: justify;">
103. After failing to lodge an annual compliance certificate when requested, South Australian director of Gryphon Financial Alexander Dryden was banned by the <a href="http://www.asic.com.au/">Australian Securities and Investments Commission</a> (ASIC) for six months.
104. Mr Dryden spoke to The Adviser, saying that he complied with the requests of the financial authority and received his compliance certificate in August.
105. </div>
106. <div style="text-align: justify;">
107. “Before ASIC came in for the review, I made sure all our compliance and paperwork was up to date," Mr Dryden said.
108. “I told ASIC prior to them coming in that I would hold back my compliance certificate submission until such time that the review was over because I wanted to ensure my processes were compliant. I didn’t want to put in my compliance for the previous year if I had problems.”</div>
109. <div style="text-align: justify;">
110. “They only picked up one area of concern in my mandate, which I’d been using for many years; I had a clause in there that I could put a caveat on the property. I’ve never ever put a caveat on a property, and the moment they said I couldn’t have that there, I immediately removed it,” he added.</div>
111. <div style="text-align: justify;">
112. “It was ignorance on my part and I completely accept that. But I’ve done all my training, and during that they said ‘abide by the regulation’, and there is no mention of caveats in the regulation at all – it’s in the act.”
113. According to Mr Dryden, in early 2013 he informed ASIC he was waiting for the outcome of their review before proceeding with lodging his compliance certificate. Mr Dryden said he had to wait for an additional five months after the given deadline to receive any information of his certificate.</div>
114. <div style="text-align: justify;">
115. “Even though it was removed, never acted on, and it was an honest mistake of mine, I had no recourse. I can understand their position on the caveat because I was naïve, but I’m disappointed that I got a six-month suspension for lack of compliance – that surprised me,” he said.</div>
116. <div style="text-align: justify;">
117. Broker and CEO of More Group Aaron Upcroft also commented on the incident, saying the case shows the importance of legal advice.
118. “It does appear that ASIC have tried to make a bit of a statement in this case. From a broker's perspective, I definitely feel for the guy, but from a lawyer's perspective, this goes to show how important legal advice is," he said.
119. Just recently ASIC banned a broker for fraudulently compiling a company bank account from liquidators. On October 1st NSW broker David Barrett pleaded guilty and was banned from managing a corporation for five years.
120. </div>
121. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/2809611763117434381/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/banned-aussie-trader-hits-back-at-asic.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/2809611763117434381'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/2809611763117434381'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/10/banned-aussie-trader-hits-back-at-asic.html' title='Banned Aussie trader hits back at ASIC'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s72-c/australian-stocks.jpg" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-5879828858941186665</id><published>2013-09-16T21:01:00.000+10:00</published><updated>2013-09-16T21:03:47.926+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>The Australian dollar dropped from its 11-week high</title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
122. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" /></a></div>
123. <div style="text-align: justify;">
124. The Australian dollar dropped from its 11-week high on Wednesday, as investors saw profits after the aussie peaked at $0.9319, its strongest value since June 27 as the tensions in Syria eased.</div>
125. <div style="text-align: justify;">
126. The Aussie dollar was bought 0.27% lower at $0.9278 as of 6:39am GMT, at the same time it eased at 0.10% to $1.4270 against the euro.</div>
127. <div style="text-align: justify;">
128. Wespac Melbourne Institute carried out a survey on Wednesday, which showed that Consumer sentiment index advanced to its highest level since December 2012, gaining 4.7% in September to an index reading of 110.6 higher in August.
129. The Reserve Bank of Australia (RBA) kept its benchmark cash rate unchanged at its all-time low of 2.50% and did not indicate whether is it likely to lower or raise the interest rate further.</div>
130. <div style="text-align: justify;">
131. Tony Abbott won the Australian general elections as the next Australian prime minister on September 7, ending the six year rule by the Labour Party and winning 88 seats out of 150.
132. Abbott will face the continuous rise and fall of the overvalued country’s currency, as the Reserve Bank of Australia said it would possibly lower levels, with predictions of $0.88 on a yearly basis. </div>
133. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/5879828858941186665/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/09/the-australian-dollar-dropped-from-its.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/5879828858941186665'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/5879828858941186665'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/09/the-australian-dollar-dropped-from-its.html' title='The Australian dollar dropped from its 11-week high'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-8452492434252068136</id><published>2013-09-03T16:30:00.001+10:00</published><updated>2013-09-03T16:57:21.903+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Aussie Rises Against Greenback On Upbeat Data</title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
134. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Aussie Dollar" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" title="Aussie Dollar" /></a></div>
135. The <a href="http://australiaforexbrokers.blogspot.com/2013/09/the-aussie-dollar-advanced-against.html">Aussie dollar</a> advanced against the greenback on Monday after the country’s building permits rose in July and China’s manufacturing PMI showed another month of growth.<br />
136. <br />
137. The Australian dollar advanced 0.74% to $0.8965 as of 5:22am GMT, while it rose 0.77% to $1.4726 against the euro at the same time. Meanwhile, reports from the Australia Bureau of Statistics (ABS) showed that the Australian approvals for construction added 10.8% in July and grew 28.3% compared to last year. In June, the construction approvals declined 6.9%.<br />
138. <br />
139. <a name='more'></a><br /><br />
140. Another data released on Monday showed a slight growth in houses prices in Australia by 0.5% in August, picking up from previous month’s loss of 1.6%.<br />
141. <br />
142. The Reserve Bank of Australia (RBA) cut its lending-rate to 2.5% on August 6, to boost the growth in the non-mining sector of the country’s economy.<br />
143. <br />
144. Minutes released from the August 6 meeting stated that "a number of indicators were pointing to a further recovery in dwelling investment, consistent with the low level of interest rates," adding that "loan approvals were at their highest level in over three years."<br />
145. <br />
146. The minutes released from the meeting did not indicate whether the bank would cut its interest rates further but did state a possibility.<br />
147. <br />
148. China’s positive manufacturing data showed a growth for the first time in four months, as the aussie dollar was driven by the Chinese positive manufacturing PMI data.<br />
149. <br />
150. On Monday, HSBC’s Purchasing Managers Index final reading showed that the manufacturing sector rose to 50.1, as the world’s second biggest economy grew in the manufacturing sector in line with HSBC’s initial reading.
151. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/8452492434252068136/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/09/aussie-rises-against-greenback-on.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8452492434252068136'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8452492434252068136'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/09/aussie-rises-against-greenback-on.html' title='Aussie Rises Against Greenback On Upbeat Data'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-9053153531815514778</id><published>2013-09-03T16:27:00.001+10:00</published><updated>2013-09-03T16:27:50.306+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>ASIC warns investors about investing in companies with majority of its operations in emerging markets.</title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
152. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaGHcqWlM5PBCwLSHH3HcVCyvNSC-dKg2GoQ7lNFOVa27-LL6E0Zq5-vHtAyDgmJD1HkMgFhP-v29txLXwg3Ox84vSrcza9ZgOO_l5q_y2AFQsCpHTJMW3KseVg5wUpudS-qP9Y-3Y7PU/s1600/asic.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="ASIC" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaGHcqWlM5PBCwLSHH3HcVCyvNSC-dKg2GoQ7lNFOVa27-LL6E0Zq5-vHtAyDgmJD1HkMgFhP-v29txLXwg3Ox84vSrcza9ZgOO_l5q_y2AFQsCpHTJMW3KseVg5wUpudS-qP9Y-3Y7PU/s1600/asic.jpg" title="ASIC" /></a></div>
153. <div style="text-align: justify;">
154. Watchdog has warned investors to take extra cautions and be careful when investing into any local companies which have majority of its assets in developing countries.</div>
155. <div style="text-align: justify;">
156. Research taken by the Australian Securities & Investments Commission has shown that approximately one third of Australian companies listed in the stock exchange have most of their assets in emerging markets such as Africa, Eastern Europe, South America and Asia Pacific. </div>
157. <div style="text-align: justify;">
158. The investigations is also being taken place in Canada after the Chinese company Sino Forest, was out of action after listing on the Toronto stock exchange along with fraud allegations. </div>
159. <div style="text-align: justify;">
160. The Australian Securities & Investments Commission (ASIC) announced it will put up an investment checklist for investors that are interested in the emerging market issuers.
161. </div>
162. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/9053153531815514778/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/09/asic-warns-investors-about-investing-in.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/9053153531815514778'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/9053153531815514778'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/09/asic-warns-investors-about-investing-in.html' title='ASIC warns investors about investing in companies with majority of its operations in emerging markets.'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaGHcqWlM5PBCwLSHH3HcVCyvNSC-dKg2GoQ7lNFOVa27-LL6E0Zq5-vHtAyDgmJD1HkMgFhP-v29txLXwg3Ox84vSrcza9ZgOO_l5q_y2AFQsCpHTJMW3KseVg5wUpudS-qP9Y-3Y7PU/s72-c/asic.jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-285248221322023554</id><published>2013-07-31T20:15:00.000+10:00</published><updated>2013-07-31T20:15:43.044+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Aussie Dollar Outlook for 30th July 2013</title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
163. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Australian dollar" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" title="Australian dollar" /></a></div>
164. <div style="text-align: justify;">
165. The <a href="http://australiaforexbrokers.blogspot.com/">Australian dollar</a> was seen in red, trading lower this morning as investors looks towards to the Federal Reserve meeting to be held later this week.</div>
166. <div style="text-align: justify;">
167. The AUD fell from its solid level of USD0.9300 to USD0.9200 overnight.
168. The Aussie dollar has not been able to keep the local currency stable above USD0.9300 for the past month as investors raise concerns regarding possible rate cuts in Australia, which could slowdown the economic growth in China.</div>
169. <div style="text-align: justify;">
170. The uncertainty of the cut down of the US $85 billion monthly stimulus program continues to also cause fears from investors.
171. The Governor of Reserve Bank of Australia (RBA) Glenn Stevens is expected to make a speech at the Anika Foundation Luncheon. The Speech is expected to cover the economic policy issues and possible hints on whether the bank would proceed with further rate cuts.
172. The US Dollar advanced against most of its major counterparts, while all focus is on the upcoming two-day Federal Reserve meeting. The Committee of the Federal Open Market is expected to verify when it will begin to cut down the QE stimulus program, which is expected to begin September. </div>
173. <div style="text-align: justify;">
174. The US is expected to release a couple of reports including the US second quarter GDP, the manufacturing data on Thursday and the non-farm payrolls to be released on Friday.
175. </div>
176. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/285248221322023554/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/07/aussie-dollar-outlook-for-30th-july-2013.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/285248221322023554'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/285248221322023554'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/07/aussie-dollar-outlook-for-30th-july-2013.html' title='Aussie Dollar Outlook for 30th July 2013'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-5924825128767462478</id><published>2013-07-26T20:22:00.000+10:00</published><updated>2013-11-15T22:28:27.854+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Peabody Energy to cut another 170 jobs across Australia </title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
177. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnk4nugPwM16R3QD8DVSlrGKM0gCAXI_g4qi8FcMsGBrXrIY5FGadyO6q83267li9ncOaz0_hsZWhap-LqIsH8j6TCG4-sGwr2Hyr02GmS51gVmnfAt1E9Fl_VOii90B-F9IN8QYjaINI/s1600/download+(1).jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnk4nugPwM16R3QD8DVSlrGKM0gCAXI_g4qi8FcMsGBrXrIY5FGadyO6q83267li9ncOaz0_hsZWhap-LqIsH8j6TCG4-sGwr2Hyr02GmS51gVmnfAt1E9Fl_VOii90B-F9IN8QYjaINI/s1600/download+(1).jpg" /></a></div>
178. <div style="text-align: justify;">
179. US giants Peabody energy Group, has announced it will cut an additional 170 jobs from its operators in Australia. The largest private-owned coal miner, had cut a further 230 jobs in Australia from the company in June.
180. Due to the weak commodity prices and the higher costs, the total losses of jobs from the industry in the past year have surpassed 11,000 jobs.</div>
181. <div style="text-align: justify;">
182. “Peabody has announced that it is reducing its employee workforce numbers by eliminating 400 positions, approximately 170 employees, from its Australian operations,'' a representative from  the company said.</div>
183. <div style="text-align: justify;">
184. “This difficult decision has been made in response to near-term global economic challenges .The reduction has been made to align the company's workforce size with other cost reduction activities, as part of a comprehensive cost management review to secure the long-term competitiveness of our operations.'' </div>
185. <div style="text-align: justify;">
186. The job cuts would take place in the Peabody’s Australian operations, in the states of Queensland and New South Wales, where they produce coking coal and thermal coal.</div>
187. <div style="text-align: justify;">
188. Thermal coal prices dropped by more than 30% in the last two year to approximately $80 per tonne, while the coking coal prices fell by 40% in the previous year to $130 per tonne.
189. </div>
190. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/5924825128767462478/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/07/peabody-energy-to-cut-another-170-jobs.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/5924825128767462478'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/5924825128767462478'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/07/peabody-energy-to-cut-another-170-jobs.html' title='Peabody Energy to cut another 170 jobs across Australia '/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnk4nugPwM16R3QD8DVSlrGKM0gCAXI_g4qi8FcMsGBrXrIY5FGadyO6q83267li9ncOaz0_hsZWhap-LqIsH8j6TCG4-sGwr2Hyr02GmS51gVmnfAt1E9Fl_VOii90B-F9IN8QYjaINI/s72-c/download+(1).jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-25.274398 133.77513599999997 -25.274398 133.77513599999997</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-3158138486060338995</id><published>2013-07-26T20:06:00.003+10:00</published><updated>2013-11-15T22:28:43.432+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australian shares rises to two-month high</title><content type='html'>&lt;br /&gt;
191. <div class="separator" style="clear: both; text-align: center;">
192. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: justify;"><img alt="Australian shares rises to two-month high" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" title="" /></a></div>
193. <div style="text-align: justify;">
194. Shares in the Australian market were seen climbing to a two-month high due to the positive gains in the energy and mining sector.</div>
195. <div style="text-align: justify;">
196. </div>
197. <div style="text-align: justify;">
198. The Australian S&P/ASX200 index was seen closing above 5,000 points, first time since May 23.
199. Meanwhile, In China, the People’s Bank of China (PBoC) announced to loosen rules for bank lending, allowing bank loans to be made at a low bench-mark rate. </div>
200. <div style="text-align: justify;">
201. <br /></div>
202. <div style="text-align: justify;">
203. Gold miner Newcrest gained 83 cents to $11.95 at the time of writing, while OZ Minerals was seen 36 cents higher to $4.51.</div>
204. <div style="text-align: justify;">
205. <br /></div>
206. <div style="text-align: justify;">
207. Energy stocks were also seen higher, with Woodside rising with 50 cents to $38.23; Oil search advanced 9 cents to $8.23.</div>
208. <div style="text-align: justify;">
209. <br />
210. <a name='more'></a><br /></div>
211. <div style="text-align: justify;">
212. Miner companies BHP climbed 26 cents to $34.12 and Rio Tinto added 32 cents to $56.55.</div>
213. <div style="text-align: justify;">
214. "Australian equities seemed more buoyant than most across the region today with broad based gains putting the ASX200 back in touch with the 5000 level," CMC Markets senior trader Tim Waterer said.</div>
215. <div style="text-align: justify;">
216. "Losses on other indices across the region caused our market to relinquish some of the morning gains, though solid showings particularly from the key banking and resource stocks still ensured it was a sprightly start to the week for the local bourse."</div>
217. <div style="text-align: justify;">
218. Other big movers were David Jones climbing 11 cents $2.57 and QBE gaining 35 cents to $16.50.</div>
219. <div style="text-align: justify;">
220. Strong Bank performers were Westpac advanced 14cents to $29.40, ANZ climbed 9cents to $28.91 and Commonwealth Bank rose 42 cents to $71.88.</div>
221. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/3158138486060338995/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/07/australian-shares-rises-to-two-month.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/3158138486060338995'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/3158138486060338995'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/07/australian-shares-rises-to-two-month.html' title='Australian shares rises to two-month high'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-8738990922538732379</id><published>2013-06-05T23:24:00.001+10:00</published><updated>2013-06-05T23:24:31.215+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australia’s dollar heads for biggest monthly decline - Australian Forex brokers</title><content type='html'>&lt;br /&gt;
222. <div class="separator" style="clear: both; text-align: center;">
223. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" /></a></div>
224. <div style="text-align: justify;">
225. The <a href="http://australiaforexbrokers.blogspot.com/">Australian dollar</a> faced its biggest fall in over two years and a possibility of China facing a slowdown. The local currency fell 5.2 percent over the past month. </div>
226. <div style="text-align: justify;">
227. This week, the International Monetary fund decreased its growth predictions for China; one of Australia’s largest trading partners. Last week, Ford Motor Co. announced that it would stop making cars in Australia. </div>
228. <div style="text-align: justify;">
229. The Australian dollar slid 0.2 percent to 96.47 U.S cents in Sydney.  The local currency dropped 0.3 percent to NZ$1.1929and gained 0.1 percent to 96.41 yen. </div>
230. <div style="text-align: justify;">
231. The gross domestic product in Australia increased by an annualized 2.7% in the three month ended March, making it the slowest in over a year, according to data released by Bloomberg news. </div>
232. <div style="text-align: justify;">
233. The IMF lowered the growth forecasts for China to 7.75 percent this year and from projections of 8% for 2013. The government said investments in commodities and energy has peaked, which could slowdown the Australian economy. </div>
234. <div style="text-align: justify;">
235. Economist predicted personal income increased by 0.1 percent in the previous month, compared to the 0.2 percent from March.</div>
236. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/8738990922538732379/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/06/australias-dollar-heads-for-biggest.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8738990922538732379'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8738990922538732379'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/06/australias-dollar-heads-for-biggest.html' title='Australia’s dollar heads for biggest monthly decline - Australian Forex brokers'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-25.274398 133.77513599999997 -25.274398 133.77513599999997</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-7783399902826903983</id><published>2013-06-05T23:21:00.001+10:00</published><updated>2013-06-05T23:21:21.362+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Aussie stocks closes at low rate as investors sell-off mining stocks -</title><content type='html'>&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;
237. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhp3quTZu9oFFY-zAWPrOqyxHKle6p_-vQyY5unfoC0iHsV7NVPjJ4bjm4ulbQUP4YFufa7MsGo3GIqMjyeAcodGef9muogpE1Qed5mTsSLwcagmMEpAJ-SsDYLeYQhTyMv4ahTk4N8mNg/s1600/download.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: justify;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhp3quTZu9oFFY-zAWPrOqyxHKle6p_-vQyY5unfoC0iHsV7NVPjJ4bjm4ulbQUP4YFufa7MsGo3GIqMjyeAcodGef9muogpE1Qed5mTsSLwcagmMEpAJ-SsDYLeYQhTyMv4ahTk4N8mNg/s1600/download.jpg" /></a></div>
238. <br />
239. <div style="text-align: justify;">
240. The <a href="http://australiaforexbrokers.blogspot.com/">Australian stocks</a> closed at a low rate, while investors sold off their mining stocks due to the weaker commodity prices. According to IG analyst Evan Lucas, major minors had to put up with the fall in the prices of iron ore. "The falls at Rio and BHP have got faster as iron ore continues to slide and there's a bit of a rotation out," Mr Lucas said. </div>
241. <div style="text-align: justify;">
242. "It's been unfortunately a bit of a disappointing afternoon and we're back to a level that we saw at the start of the morning. “ </div>
243. <div style="text-align: justify;">
244. Developing data from China released over the weekend gave the local market a boost in the early stage of trading. <a name='more'></a></div>
245. <div style="text-align: justify;">
246. Although the data and positive local retail figures were not enough to recover the losses. </div>
247. <div style="text-align: justify;">
248. Rio Tinto was off by $1.38 cents at $53.80, while the Material stocks fell with BHP Billiton down by 76cents to $34.09. The Fortescue Metal Group slipped by nine cents to $3.26.</div>
249. <br />
250. <br />
251. <div style="text-align: justify;">
252. Commonwealth Bank rose by six cents to $66.92, ANZ climbed 31 cents at $27.85, Westpac increased by 56 cents to $ 29.00 and National Australia Bank was higher by 30 cents to $29.30. </div>
253. <div style="text-align: justify;">
254. June share price index futures contract was down by 42 points at 4,891 points with 29,019 contracts traded.  </div>
255. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/7783399902826903983/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/06/aussie-stocks-closes-at-low-rate-as.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/7783399902826903983'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/7783399902826903983'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/06/aussie-stocks-closes-at-low-rate-as.html' title='Aussie stocks closes at low rate as investors sell-off mining stocks -'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhp3quTZu9oFFY-zAWPrOqyxHKle6p_-vQyY5unfoC0iHsV7NVPjJ4bjm4ulbQUP4YFufa7MsGo3GIqMjyeAcodGef9muogpE1Qed5mTsSLwcagmMEpAJ-SsDYLeYQhTyMv4ahTk4N8mNg/s72-c/download.jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-25.274398 133.77513599999997 -25.274398 133.77513599999997</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-7822693779901540170</id><published>2013-06-05T23:17:00.000+10:00</published><updated>2013-06-05T23:17:29.935+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>AUD/USD: Aussie Dollar remains low: RBA rate</title><content type='html'>&lt;br /&gt;
256. <div class="separator" style="clear: both; text-align: center;">
257. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" /></a></div>
258. <div style="text-align: justify;">
259. The Australian dollar slipped and plunged nearly 1% against the US dollar. Australia and New Zealand’s currencies rose yesterday to the highest rate in a year.</div>
260. <div style="text-align: justify;">
261. The <a href="http://australiaforexbrokers.blogspot.com/2013/06/the-australian-dollar-slipped-and.html">Australian dollar</a> fell to 0.86%to $0.9684 against the US dollar at 11:10 GMT, which later dropped by %1 to a$1.3517 against the European single currency.</div>
262. <br />
263. <div style="text-align: justify;">
264. “The RBA continues to reiterate that the bias is still toward a lower cash rate, and they do not seem to be alarmed or disturbed by the decline in the Aussie,” said Roy Teo, a currency strategist at ABN Amro Bank NV in Singapore. “They have always tried to indirectly maneuver a lower exchange rate, so it’s natural” that investors took profit after the recent gain in the Aussie, he added.
265. </div>
266. <div style="text-align: justify;">
267. The Reserve Bank is looking to boost the non-mining parts of the economy, which have struggled among the elevated currencies. The local currency edged to about $1.03 in the past two years, compared with the previous rate of 73 cents.
268. Last week, the Organization for Economic Cooperation and Development said that a possible slowdown in China is at risk to the economy. Australia’s gross domestic product growth is predicted to face a possible slowdown of 2.6 percent in 2013.
269. At the Tuesday meeting, the Reserve Bank of Australia (RBA) made no changes to its borrowing policies as expected while  they left the cash rate at 2.&%% .
270. </div>
271. <div style="text-align: justify;">
272. "The inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand," RBA Governor Glenn Stevens said at the Tuesday Meeting .
273. </div>
274. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/7822693779901540170/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/06/audusd-aussie-dollar-remains-low-rba.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/7822693779901540170'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/7822693779901540170'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/06/audusd-aussie-dollar-remains-low-rba.html' title='AUD/USD: Aussie Dollar remains low: RBA rate'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-4076903493953808698</id><published>2013-04-18T17:47:00.000+10:00</published><updated>2013-05-22T21:45:28.865+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australian Dollar and Economy - An overview</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
275. <a href="http://www.blogger.com/blogger.g?blogID=7536970362965208970" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: justify;"><img alt="Australian Dollar and economy overview" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEJfhf6RjefPbyAJ55V5gfi0xy3tiIaJrfBAayo3ia8JOm0DmeqcF5X7jMlEpdVkbQfc7gtys9Gl30HbBwpZHhhoV7TVzRpC5-q65wiWfX_Kqj_5tyd4bbd1tb-bF477CC_QdBs7Sk-no/s320/australian-dollar.jpg" /></a><br />
276. <div style="text-align: justify;">
277. An Overview to the Australian Dollar and the Economy Behind It
278.  
279. When looking at Australia, you’ll see that it’s not a massive country. However, its currency is one of the most traded ones in the Foreign exchange market. Even more surprising is that the Australian dollar is only in its 20th year of being a flowing currency. Why is the Australia currency so popular among traders, you ask? Well, that’s because their country’s geography and economy are certainly competitive in the global market.
280.  
281. Resources</div>
282. <br />
283. <div style="text-align: justify;">
284. Australia is well known for its coveted national treasures, such as gold, diamonds, nickel, gas and coal. And because Australia is conveniently situated close to some of the biggest consumers of these natural resources, this country has become a top trading partner for major Asian economies like Japan, China and Korea.<br />
285. <a name='more'></a></div>
286. <br />
287. <h3 style="text-align: justify;">
288. Currency and Interest Rate</h3>
289. <div style="text-align: justify;">
290. The Australian dollar is controlled by The Reserve Bank of Australia. In contrast to the U.S. system, the Australian monetary system requires no minimum reserves of its banks. Australia also has some of the highest interest rates in the world. Historically, from 1990 until 2012, the interest rate in the country averaged 5.5% reaching an all time high of 17.5% in January of 1990 and a record low of 3.0% in April of 2009.</div>
291. <h3 style="text-align: justify;">
292. Gross Domestic Product (GDP)</h3>
293. <div style="text-align: justify;">
294. Australia has the 13th largest economy in the world and places a heavy emphasis on its commodities. Mining accounts for over %5 of the country's GDP and farming accounts for over %12 of the country GDP. While there had been some growth in the 1980s, Australia doesn’t have a stellar manufacturing sector. It also has a significant account deficit and the Aussie dollar is oftentimes volatile. </div>
295. <div style="text-align: justify;">
296. Much of the Aussie dollar is tied to Asia, and the commodity cycle. For example, the demand in China and India for natural resources have elevated the Aussie dollar, only to have it fall later as commodity demand goes down. Higher commodity prices create pressures to avoid a recession. </div>
297. <div style="text-align: justify;">
298. Australia is often a part of carry trades that combine with the Japanese Yen. The regions often overlap due to the fact that Japanese interest rates are low and Australia's rates are high. Australia's region is attractive to traders due to its stable government and dedication to business. India and China are large importers of Australian goods, and the country is also a top importer of machinery and consumer goods in Asia.
299. </div>
300. </div>
301. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/4076903493953808698/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/04/australian-dollar-and-economy-overview.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4076903493953808698'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4076903493953808698'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/04/australian-dollar-and-economy-overview.html' title='Australian Dollar and Economy - An overview'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEJfhf6RjefPbyAJ55V5gfi0xy3tiIaJrfBAayo3ia8JOm0DmeqcF5X7jMlEpdVkbQfc7gtys9Gl30HbBwpZHhhoV7TVzRpC5-q65wiWfX_Kqj_5tyd4bbd1tb-bF477CC_QdBs7Sk-no/s72-c/australian-dollar.jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-74.9937805 51.157948499999975 24.4449845 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-4398574657205855522</id><published>2012-12-18T22:52:00.005+10:00</published><updated>2013-05-22T21:48:50.317+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><category scheme="http://www.blogger.com/atom/ns#" term="Forex Education"/><title type='text'>Know and Understand How Forex Trading In Australia Works</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
302. <div style="text-align: justify;">
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624. <div class="separator" style="clear: both; text-align: center;">
625. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2kdA50hmfKuUtR4AZdZLdVkjYxvSczz-x1t4GdRAAN6gNyUPU-_LXC55InAv6S_9SprPe3l2DSljYQUMa4YDo7Urjh2HNXiTnflv3r2JQ2xJ8IdnBQnPv3hAQFYGQOP8MRtRHDY57Ijk/s1600/understanding-forex-australia.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2kdA50hmfKuUtR4AZdZLdVkjYxvSczz-x1t4GdRAAN6gNyUPU-_LXC55InAv6S_9SprPe3l2DSljYQUMa4YDo7Urjh2HNXiTnflv3r2JQ2xJ8IdnBQnPv3hAQFYGQOP8MRtRHDY57Ijk/s1600/understanding-forex-australia.jpeg" /></a></div>
626. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">The market
627. of foreign exchange is a very attractive investment area for many investors.
628. Being the most liquid financial market in the world, the Forex market provides
629. excellent prospects to many people who are wishing to attain good profits. There
630. are lots of investors who choose to invest in Forex because of the vast
631. opportunity it provides. But if you are a beginner who’s getting started in this
632. kind of venture and you want to become successful with it, you need to learn
633. the primary principles on how to execute trades within the foreign exchange
634. market.</span></span></span></div>
635. <a name='more'></a><br />
636. <h3 class="MsoNormal" style="text-align: justify;">
637. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><b><span style="line-height: 115%;">Learning How to Trade Online</span></b></span></span></h3>
638. <div class="MsoNormal" style="text-align: justify;">
639. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">Presently,
640. there are various websites which provide free information about the proper and
641. systematic ways of trading currencies. You may want to get an access on this
642. information then acquire the needed skills to attain success in <a href="http://australiaforexbrokers.blogspot.com/2012/12/forex-trading-in-australia-tips-for.html">Forex tradingin Australia</a>. It is also a good idea to get some help from expert traders who
643. can help you more about the Forex market and trading. Forums and blogs online
644. are a great resource for these kinds of information. However, be sure to
645. evaluate the websites that come across as not all are reliable and balanced.</span></span></span></div>
646. <h3 class="MsoNormal" style="text-align: justify;">
647. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><b><span style="line-height: 115%;">Forex for Newbies</span></b></span></span></h3>
648. <div class="MsoNormal" style="text-align: justify;">
649. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">Once you
650. have accomplished learning the necessary information about the ways and
651. operations of the trading market, it is significant for you to give things a
652. try. And what could be the best way to learn trading than  doing it hands on? Most brokers today offer
653. demo accounts which basically allow traders especially newbies to test the
654. waters before they trade in a live trading market. </span></span></span></div>
655. <div class="MsoNormal" style="text-align: justify;">
656. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;">The first and one of the most important advices for any
657. trader is this: never trade what you can’t afford to lose. This is a timeless
658. rule for Forex traders, beginners and experts alike. Trading scared money, like
659. rent money and grocery money, is a sure formula to disaster.  This has a huge emotional burden to carry and
660. can certainly affect your trading psychology and ultimately your trading success.
661. </span></span></div>
662. <a href="http://www.hymarkets.com.au/servlet/track?campaignid=701_d0000000m3f_e&utm_landingpageid=au_2509&utm_campaign=au_australiaforexbrokers.blogspot.com_hym&utm_source=australiaforexbrokers.blogspot.com&utm_medium=banner_ads" imageanchor="1" rel="nofollow" style="margin-left: auto; margin-right: auto;"><img alt="Start trading now" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUPtvV2K93YT6w7NvyLXv_RzR-qJA3rpDNlBs_w0WonzlZsGyi4F8qIdeG4NryJJIw2yV30-QLIeiQiD2wfIUATNHtuytiXIFnKtAhhJOKpLgRBgkIomdIkQ4Oh1PipuORLPloS6hRjgU/s1600/start-trading-online.jpg" title="Start trading now" /></a>
663. <br />
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665. <br /></div>
666. </div>
667. </content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4398574657205855522'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4398574657205855522'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2012/12/know-and-understand-how-forex-trading.html' title='Know and Understand How Forex Trading In Australia Works'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2kdA50hmfKuUtR4AZdZLdVkjYxvSczz-x1t4GdRAAN6gNyUPU-_LXC55InAv6S_9SprPe3l2DSljYQUMa4YDo7Urjh2HNXiTnflv3r2JQ2xJ8IdnBQnPv3hAQFYGQOP8MRtRHDY57Ijk/s72-c/understanding-forex-australia.jpeg" height="72" width="72"/></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-4407301155235076296</id><published>2012-12-18T22:48:00.003+10:00</published><updated>2013-05-22T21:49:56.775+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><category scheme="http://www.blogger.com/atom/ns#" term="Forex Education"/><title type='text'>Economic Indicators for Forex Trading in Australia</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
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990. </div>
991. <div class="MsoNormal" style="text-align: justify;">
992. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><b><span style="line-height: 115%;"></span></b></span></span></div>
993. <div class="MsoNormal" style="text-align: justify;">
994. <div class="separator" style="clear: both;">
995. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlRJ_bV1eFHxqjIAIij44TqVBNT9vddfGT6V7nmxh4KqI7KQ4g3E29iTSYbc-DnRem3CNTGvpbeICmR6ZDdMPuiZNOMWqZH5O88UNIVA0nBh4pou6c-0F-OF8Hc5UjCZJHtb1ySJi_8t4/s1600/economic-indicators.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlRJ_bV1eFHxqjIAIij44TqVBNT9vddfGT6V7nmxh4KqI7KQ4g3E29iTSYbc-DnRem3CNTGvpbeICmR6ZDdMPuiZNOMWqZH5O88UNIVA0nBh4pou6c-0F-OF8Hc5UjCZJHtb1ySJi_8t4/s1600/economic-indicators.jpeg" /></a></div>
996. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">The
997. Australian dollar is broadly traded in the market of foreign currencies.
998. Including The following are just some of the most essential basic indicators of
999. Australian economy which could help you acquire the strategies efficient for Forex
1000. trading in Australia. Knowing these things will help you work effectively while
1001. creating transactions using the Australian dollar.</span></span></span></div>
1002. <div class="MsoNormal" style="text-align: justify;">
1003. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">The
1004. Australian dollar along with the monetary system is mainly managed by RBA or
1005. The Reserve Bank of Australia. RBA exists in order to control increase and
1006. uphold the country’s monetary system, which is the same with the role played by
1007. other big central banks. RBA is responsible for providing control over the
1008. increasing interest rates. </span></span></span></div>
1009. <a name='more'></a><div style="text-align: justify;">
1010. <br /></div>
1011. <div class="MsoNormal" style="text-align: justify;">
1012. <br /></div>
1013. <div class="MsoNormal" style="text-align: justify;">
1014. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">Usually, foreign investors are much interested in
1015. buying the national currency if the interest rates increase on platforms of <a href="http://australiaforexbrokers.blogspot.com/2012/12/forex-trading-in-australia-tips-for.html">Forextrading in Australia</a>. If the interest rates increase, it will only require a
1016. couple of days or even hours before such currency becomes much valuable. In
1017. this case, there are more investors who will in turn become attracted to it. That
1018. is why paying much of your attention to reports and news with regards to RBA is
1019. a very essential step for the currency’s analysis. This aspect in not only
1020. particular with the Reserve Bank of Australia, plenty of current currencies
1021. rise in value if their own rates of interest are raised. Certainly, good
1022. interest rates appeal those wealthy buyers within Forex trading.</span></span></span></div>
1023. <div class="MsoNormal" style="text-align: justify;">
1024. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">The complete
1025. growth is wise to be considered if you are planning to invest with currencies.
1026. The Growth Domestic Product (GDP) of Australia during the year 2010 was nearly
1027. doubled as compared to its GDP in 2005. The widest industries within Australia
1028. include mineral, agricultural and service. You may want to consider these types
1029. of industries into your analysis because any alterations made or occurred in
1030. such industries might be the key indicators of economic conditions in the
1031. future. Say for instance, extreme weather conditions could potentially affect
1032. the industry for service negatively, which impacts the value of Forex trading
1033. in Australia.</span></span></span></div>
1034. <div class="MsoNormal" style="text-align: justify;">
1035. <span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">The largest
1036. trade associates of Australia are currently Japan, China and the United States.
1037. Their major exports include agricultural products such as wool and wheat,
1038. minerals like gold and iron, and coal and natural gas. Their main imports are comprised
1039. of basic computers, electronics, machinery, and <span style="font-size: small;">transportation</span> equipment. </span></span></span></div>
1040. <div class="MsoNormal" style="text-align: justify;">
1041. <br /></div>
1042. </div>
1043. </content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4407301155235076296'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4407301155235076296'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2012/12/economic-indicators-for-forex-trading.html' title='Economic Indicators for Forex Trading in Australia'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlRJ_bV1eFHxqjIAIij44TqVBNT9vddfGT6V7nmxh4KqI7KQ4g3E29iTSYbc-DnRem3CNTGvpbeICmR6ZDdMPuiZNOMWqZH5O88UNIVA0nBh4pou6c-0F-OF8Hc5UjCZJHtb1ySJi_8t4/s72-c/economic-indicators.jpeg" height="72" width="72"/></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-1238058641474335678</id><published>2011-05-23T22:57:00.000+10:00</published><updated>2013-05-27T21:24:34.232+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Ford to shut down Australian car plants</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
1044. <div class="separator" style="clear: both; text-align: center;">
1045. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7bzCSWCFfCtd-8IePgzPrMeXEV9HCgFuBulFaAYAbpvlfwF2Dsm-swEoLT8ueOTrbFbvAl3CwuPvS8PGRBI_dSGShi8MGJ5NMRZxcOsm5Y522hJT_FLjIMzp8lPOT5Bi5Jp3VH4mrr-8/s1600/ford-aus.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7bzCSWCFfCtd-8IePgzPrMeXEV9HCgFuBulFaAYAbpvlfwF2Dsm-swEoLT8ueOTrbFbvAl3CwuPvS8PGRBI_dSGShi8MGJ5NMRZxcOsm5Y522hJT_FLjIMzp8lPOT5Bi5Jp3VH4mrr-8/s320/ford-aus.jpeg" width="320" /></a></div>
1046. <div style="text-align: justify;">
1047. One of the biggest car makers Ford Motor has announced they will be stopping all Australian manufacturing plants by October 2016, after nine decades of making cars in the country.</div>
1048. <br />
1049. <div style="text-align: justify;">
1050. Ford Australia had lost a$600m ($580) over the past five years and faces costs double in Europe and four times of its Asian divisions according to the President of the co-operation Bob Graziano. He also announced the loss of about 1,200 jobs at the two plants in Geelong and Melbourne.</div>
1051. <br />
1052. <br />
1053. <div style="text-align: justify;">
1054. The car makers have been under pressure with sales due to the strength of the Australian dollar which rose by 28% against the Japanese yen over the past year .</div>
1055. <div style="text-align: justify;">
1056. "Our costs are double that of Europe and nearly four times Ford in Asia," Bob Graziano, the chief executive of Ford Australia, said. "The business case simply did not stack up."<br />
1057. <a name='more'></a></div>
1058. <div style="text-align: justify;">
1059. The closure is another sign of the weakening in the Australian labor market .From the budget released last week; unemployment is predicted to rise to 5.75% by the next fiscal year, which would mark the highest since 2009. </div>
1060. <div style="text-align: justify;">
1061. Last year the Australian government announced to support the car industry with an A$5.4bn fund, including A$34 million to Ford Australia.</div>
1062. <br />
1063. <br />
1064. <div style="text-align: justify;">
1065. According to the survey taken by the U.S Department of Labor, Australia’s hourly compensation costs in manufacturing was $46.29 in 2011, compared with $35.71 in Japan, $35.53 in the U.S, $11.65 in Brazil and $47.38 in Germany. </div>
1066. <div style="text-align: justify;">
1067. Ford began assembling Model Ts at the Geelong west of Melbourne in 1925.</div>
1068. <br /></div>
1069. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/1238058641474335678/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/ford-to-shut-down-australian-car-plants.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/1238058641474335678'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/1238058641474335678'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/ford-to-shut-down-australian-car-plants.html' title='Ford to shut down Australian car plants'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7bzCSWCFfCtd-8IePgzPrMeXEV9HCgFuBulFaAYAbpvlfwF2Dsm-swEoLT8ueOTrbFbvAl3CwuPvS8PGRBI_dSGShi8MGJ5NMRZxcOsm5Y522hJT_FLjIMzp8lPOT5Bi5Jp3VH4mrr-8/s72-c/ford-aus.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-8341794764887790074</id><published>2011-05-22T22:09:00.000+10:00</published><updated>2013-05-27T21:24:53.513+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australian stocks get weaker</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
1070. <div class="separator" style="clear: both; text-align: center;">
1071. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s1600/australian-stocks.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s1600/australian-stocks.jpg" /></a></div>
1072. <div style="text-align: justify;">
1073. The Australian stock market closed to half percent lower due to the weakness amongst the industrial and bank stocks. Gold price benefited from the week US dollar causing the revival for Newcrest Mining, which lifted by $1.04 to $15.60.
1074. </div>
1075. <div style="text-align: justify;">
1076. Commonwealth Bank dived $1.01 to $72.48, ANZ oppressed 59 cents to $29.64, and Westpac slipped 31 cents to $31.48 and the National Australia Bank lost 28 cents to $33.09 were among the major banks.  </div>
1077. <div style="text-align: justify;">
1078. After the Reserve Bank of Australia released May 7 board meeting minutes where the cash rate was reduced the lowest record of 2.75%, the market moved higher.</div>
1079. <div style="text-align: justify;">
1080. "That's probably not helping our market, those comments by the Reserve Bank today saying they're not looking for any sort of real strong growth until later next year," said RBS Morgans Ipswich manager Tony  Russell at the May 7 board meeting .
1081. According to the minutes released, the RBA said the economy was yet to grow a below-average growth for the rest of the year 2013.</div>
1082. <a name='more'></a><br />
1083. <div style="text-align: justify;">
1084. The Mining stock slipped, with BHP Billiton losing 14 cents to $34.65 while Rio Tinto fell 62 cents to $54.80. </div>
1085. <div style="text-align: justify;">
1086. In Sydney, the price of gold closed at $US 1,394.15 per ounce, up $US48.08 from $US1, 346.07 on Monday.
1087. The Resources engineering group Transfield services shares fell to a record low after the cut in over 100 jobs. The shares were down to 27.5 cents to $1.00 this afternoon.
1088. </div>
1089. </div>
1090. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/8341794764887790074/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/australian-stocks-get-weaker.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8341794764887790074'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8341794764887790074'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/australian-stocks-get-weaker.html' title='Australian stocks get weaker'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOCjK3qnyarz4QsC_VepToTOKx4rFTAiRIoxPWJ-OWP0W8MOhUZ8e5WKXaYDgM9rcPklOEPgLeNbBqH2jI0cYvePVjsVC8Szx0cF5QI7HE1eHUpMlMMBTVDcAIGfAr32LRdEzj6umpjgU/s72-c/australian-stocks.jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-8309039784255024248</id><published>2011-05-22T21:40:00.000+10:00</published><updated>2013-05-27T21:25:11.961+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australian Mining projects and investments delayed.</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
1091. <div class="separator" style="clear: both; text-align: center;">
1092. <img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_kUyae_Q1Mtn1jRbY67eq0bcN7SL_kZ40NmJ5OEGEwngONVQ30xwOhahZBohMeNnDyAgqNPlcENsEu1KcRbhloMaUrKBAc_g3H5KUUHIU6aziAFWVvcRu7-u-_PtshI5ZVl37JGW5py8/s1600/australian-forex-trading.jpeg" /></div>
1093. <div style="text-align: justify;">
1094. Australian Mining and energy projects invested in the past year and worth an estimated A$150bn ($147bn) have reportedly been delayed and might possibly get cancelled as commodity prices drop and investments peaked.
1095. </div>
1096. <div style="text-align: justify;">
1097. According to report from the Bureau of Resources and Energy Economics, approximately 14 projects are being developed as of April 30th.The projects that were being developed are worth A$267.6bn compared to a record of A$268.4bn in Oct 31.
1098. </div>
1099. <div style="text-align: justify;">
1100. This month resource-sector investment is near its peak and expected to stay at a high level till at least next year according to the Reserve Bank of Australia. The World largest mining company BHP Billiton is targeting an 18% cut in the capital spending in fiscal 2014 to about 18million to boost returns from the investments.
1101. </div>
1102. <div style="text-align: justify;">
1103. “The downward shift in China’s economic growth rate combined with the decline in the commodity intensity of growth have a permanent and profound impact on global markets,” Citigroup said in their   May 20 report.
1104. </div>
1105. </div>
1106. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/8309039784255024248/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/australian-mining-projects-and.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8309039784255024248'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/8309039784255024248'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/australian-mining-projects-and.html' title='Australian Mining projects and investments delayed.'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_kUyae_Q1Mtn1jRbY67eq0bcN7SL_kZ40NmJ5OEGEwngONVQ30xwOhahZBohMeNnDyAgqNPlcENsEu1KcRbhloMaUrKBAc_g3H5KUUHIU6aziAFWVvcRu7-u-_PtshI5ZVl37JGW5py8/s72-c/australian-forex-trading.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-1882014921630009378</id><published>2011-05-19T04:31:00.000+10:00</published><updated>2013-05-27T21:25:27.081+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>AUD hits fresh 11-month low - Australian Forex brokers</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
1107. <div class="separator" style="clear: both; text-align: center;">
1108. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s1600/au-forex.jpeg" /></a></div>
1109. <div style="text-align: justify;">
1110. Australian dollar slipped to a fresh 11-month low against the US dollar during overnight European hours trading.
1111. At approximately 0342 AEST Tuesday afternoon, the Australian dollar traded at $99.43 having reached $99.41 earlier, a level not seen since June 2012. </div>
1112. <div style="text-align: justify;">
1113. According to the senior currency dealer Francisco Solar, the Australian dollar pushed below support level at $98.50 in the afternoon which means there’s a possibility for it to drop overnight trading.
1114. "It (the move lower) is just in keeping with the negativity surrounding the Aussie dollar at the moment and the positivity surrounding the US dollar," he said. </div>
1115. <br />
1116. <div style="text-align: justify;">
1117. Francisco Solar also mentioned the main reason for the currency’s weakness was the surge in demand in the US dollar even with the falling commodity prices and interest rate cut weighing upon it.</div>
1118. <div style="text-align: justify;">
1119. On Wednesday, At 1700 AEST, the Australian dollar was at 100.65 Japanese yen, down from 101.22 yen and at 76.45 euro cents, down from 76.56 euro cents.</div>
1120. <br />
1121. <br />
1122. <div style="text-align: justify;">
1123. On Wednesday afternoon, 1630 AEST, the June 10-year bond futures contract was at 96.760 (implying a yield of 3.240 per cent), up from 96.730 (3.270 per cent) </div>
1124. <div style="text-align: justify;">
1125. The June three-year bond futures contract was at 97.440 (2.560 per cent), up from 97.410 (2.590 per cent).</div>
1126. </div>
1127. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/1882014921630009378/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/aud-hits-fresh-11-month-low-australian.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/1882014921630009378'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/1882014921630009378'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/aud-hits-fresh-11-month-low-australian.html' title='AUD hits fresh 11-month low - Australian Forex brokers'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrROvaPbcRwlFAJrnBl-yh7_i7ZTwVekE6mNyVHatSvSsTtwZ-vdhmDwrwAhr_vqckXWXfj6CTeDNieIzY1kd2m50aULfqVybEtaqtXUkLuMgD4SZ2AVIJIiizOdzd5JSJTRXkV5atMPk/s72-c/au-forex.jpeg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-75.0697345 51.157948499999975 24.520938499999996 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-4243059281672911278</id><published>2011-05-06T20:34:00.000+10:00</published><updated>2013-05-27T21:25:48.210+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>Australian Dollar goes higher as US unemployment decreases </title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
1128. <h3>
1129. As the US employment rate drops the Australian dollar gets a boast.</h3>
1130. <br />
1131. <div class="separator" style="clear: both; text-align: center;">
1132. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmK2VfnXIO0u4hHFqyIcpMooBh4DMOKR_soIFfJ92zKkYWC04LD0VQGjl09-cmseh2Z_ajyfNoCAulx79NiQVq08xoOvG427IzSZn3rrSw5U1E03ode11HXDg-5LxBF-rHODBfD4NA9vU/s1600/images.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmK2VfnXIO0u4hHFqyIcpMooBh4DMOKR_soIFfJ92zKkYWC04LD0VQGjl09-cmseh2Z_ajyfNoCAulx79NiQVq08xoOvG427IzSZn3rrSw5U1E03ode11HXDg-5LxBF-rHODBfD4NA9vU/s1600/images.jpg" /></a></div>
1133. <div style="text-align: justify;">
1134. On Monday, the local unit was trading at 102.72 US cents from 102.54 cents.</div>
1135. <div style="text-align: justify;">
1136. During local trade on Monday morning the currency also fell to 102.72 US cents after figures showed local retail spending fell 0.4 per cent in March, but was later up 2.2 per cent in the March quarter.</div>
1137. <div style="text-align: justify;">
1138. At 1630 AEST on Monday, the June 10-year bond futures contract was trading at 96.875 (implying a yield of 3.125 %), down from 96.960 (3.040 %) on Friday.</div>
1139. <br />
1140. <div style="text-align: justify;">
1141. The June three-year bond futures contract was at 97.430 (2.570 %), down from 97.500 (2.500 %).
1142. The US economy created over 100,000 jobs in April and the unemployment rate dropped to 7.5% which is to believe to be the lowest level since 2008.</div>
1143. <a name='more'></a><br />
1144. <br />
1145. <div style="text-align: justify;">
1146. The CMC Markets senior trader Tim Waterer said  "The US jobs data gave the global growth landscape a more convincing appearance, commodities received renewed buying interest and this is reflected in the performance of resource stocks," .</div>
1147. <div style="text-align: justify;">
1148. "Despite a push higher on Friday night after the US jobs number, the Australian dollar gave back ground today with a potential interest rate cut on the cards over the coming month or two."</div>
1149. <div style="text-align: justify;">
1150. Following up with debate on whether RBA will reduce the interest rate from its current level of three percent.
1151. The RBA May board meeting is to take place on Tuesday.</div>
1152. </div>
1153. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/4243059281672911278/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/australian-dollar-goes-higher-as-us.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4243059281672911278'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/4243059281672911278'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/australian-dollar-goes-higher-as-us.html' title='Australian Dollar goes higher as US unemployment decreases '/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmK2VfnXIO0u4hHFqyIcpMooBh4DMOKR_soIFfJ92zKkYWC04LD0VQGjl09-cmseh2Z_ajyfNoCAulx79NiQVq08xoOvG427IzSZn3rrSw5U1E03ode11HXDg-5LxBF-rHODBfD4NA9vU/s72-c/images.jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-74.9937805 51.157948499999975 24.4449845 -143.60767650000003</georss:box></entry><entry><id>tag:blogger.com,1999:blog-7536970362965208970.post-6949969790227109939</id><published>2011-05-06T20:31:00.000+10:00</published><updated>2013-05-27T21:26:07.094+10:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Australian Market updates"/><title type='text'>ASIC warns on fraudsters claiming to represent ASIC - Australian Forex brokers</title><content type='html'>&lt;div dir=&quot;ltr&quot; style=&quot;text-align: left;&quot; trbidi=&quot;on&quot;&gt;
1154. <div class="separator" style="clear: both; text-align: center;">
1155. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpoi2YKPu3bJ0kXCLl4rHSYMbUyPuP3ILvGeXCij41aXrA7ytktqeXFn_JEgeZDkQciKV3BWtKmEywv-M1ZmN2AoHBhyphenhyphenOugQNM8QtT1FXxR7hLRq2nBR4i6U8mLUIYXjTaxyfChSLLRvI/s1600/asic.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpoi2YKPu3bJ0kXCLl4rHSYMbUyPuP3ILvGeXCij41aXrA7ytktqeXFn_JEgeZDkQciKV3BWtKmEywv-M1ZmN2AoHBhyphenhyphenOugQNM8QtT1FXxR7hLRq2nBR4i6U8mLUIYXjTaxyfChSLLRvI/s1600/asic.jpg" /></a></div>
1156. <div style="text-align: justify;">
1157. The Australian Securities and investments commissions warned the public to be wary of cold callers claiming to represent ASIC.
1158. Reports of been made that calls from offshore with claims that they can assist in recovering funds lost and quote an Australian Business Number or software Microsoft are scammers . </div>
1159. <div style="text-align: justify;">
1160. The Australian Securities and investments commissions reports that the scammers have taken almost $ 1 million from investors claiming they represent ASIC. The Australian Securities and investments commission warns the public that their fraud is increasing.
1161. </div>
1162. <div style="text-align: justify;">
1163. The scam is appeared to be an attempt to get people to provide their personal information by filling out forms, access their computers, paying advance fees for their services, providing banking details as part of the process or get people to pay money directly to the scammers.</div>
1164. <a name='more'></a><br />
1165. <div style="text-align: justify;">
1166. The Public has been warned to get rid of any form of contact connecting them to the fraudsters such as email, hang up on their calls when they call claiming to represent ASIC.</div>
1167. <div style="text-align: justify;">
1168. ASIC  has stated they do not request for personal details over the phone or email and do suggest if anyone thinks they may have been a victim of the scam  or think their accounts may have been tampered with are advised to contact their banks or financial institution immediately .  
1169. </div>
1170. <div style="text-align: justify;">
1171. According to the Australian Securities Investments Commission, the scammers running the unlicensed and fraudulent business have been running the scam between last year May and October.
1172. </div>
1173. </div>
1174. </content><link rel='replies' type='application/atom+xml' href='http://australiaforexbrokers.blogspot.com/feeds/6949969790227109939/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/asic-warns-on-fraudsters-claiming-to.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/6949969790227109939'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/7536970362965208970/posts/default/6949969790227109939'/><link rel='alternate' type='text/html' href='http://australiaforexbrokers.blogspot.com/2013/05/asic-warns-on-fraudsters-claiming-to.html' title='ASIC warns on fraudsters claiming to represent ASIC - Australian Forex brokers'/><author><name>Anonymous</name><uri>http://www.blogger.com/profile/10695240807990251244</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpoi2YKPu3bJ0kXCLl4rHSYMbUyPuP3ILvGeXCij41aXrA7ytktqeXFn_JEgeZDkQciKV3BWtKmEywv-M1ZmN2AoHBhyphenhyphenOugQNM8QtT1FXxR7hLRq2nBR4i6U8mLUIYXjTaxyfChSLLRvI/s72-c/asic.jpg" height="72" width="72"/><thr:total>0</thr:total><georss:featurename>Australia</georss:featurename><georss:point>-25.274398 133.77513599999997</georss:point><georss:box>-74.9937805 51.157948499999975 24.4449845 -143.60767650000003</georss:box></entry></feed>

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