Guest Posted June 29, 2004 Report Share Posted June 29, 2004 All Ords dithered on open. Currently it's flat, about to sink into the red and I expect it to stay there for the rest of the day. Lovely drop on the US indices late in the day which will unnerve Europe, the latter closing before that happened. Banks hanging in the green by their fingertips, expecting them to let go any moment now. Qantas doing a run, +2.4%, prol an announcement as there were some big buys early on. Golds flat to down and oils -1%, temporary I would think.. Asia opened down but is attempting to claw its way back up: Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2004 Report Share Posted June 29, 2004 S&P Nazza Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2004 Report Share Posted June 29, 2004 Australia's Robust Job Market Expected To Ease: Survey SYDNEY, June 29 Asia Pulse - The strong national employment market will begin to cool off over the next three months, new figures show. The Hudson Report employment expectations survey, released today, shows 36 per cent of employers nationwide expect to increase staffing in the September quarter. This is up 1.1 percentage points, but the rate of growth has halved since the June quarter. Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2004 Report Share Posted June 29, 2004 Looks like we broke through an intraday support and the end of day uptrend was merely a retest which would indicate more downside tomorrow. All Ords closed -1, flat thanks to the banks hanging in or there would have been more damage. Golds closed down to varying degrees. Oils took a hit with Woodside -3.2% and Santos -2.2%. Honkers not looking too happy but the rest of Asia not too badly off. Let's see which way Europe jumps.... Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2004 Report Share Posted June 29, 2004 Australian trade gap holds steady in May at 1.27 billion dollars SYDNEY, (AFP) - Australia's trade deficit was virtually unchanged in May, coming in at 1.840 billion Australian dollars (1.27 billion US) on the back of a continuing recovery in rural exports and strong demand in Asia for minerals. The outcome was higher than consensus forecasts for a deficit of 1.81 billion dollars and follows a revised reading for April of 1.838 billion dollars. The Australian Bureau of Statistics said imports rose a seasonally adjusted 3.0 percent, offsetting a 3.0 percent rise in exports. ---------- SKorea current account hits 68-month high of 3.76 billion dollars SEOUL, (AFP) - South Korea's May current account surplus more than doubled from April to 3.76 billion dollars, thanks to strong exports and seasonal factors, the Bank of Korea says. The outcome marked the 13th consecutive monthly surplus and a 68-month high. Link to comment Share on other sites More sharing options...
The brown one Posted June 29, 2004 Report Share Posted June 29, 2004 Another day of watching the paint dry?For weeks the AEX goes nowhere,occasionally punctuated by a blast up that rarely has the strength to follow through.My suspicion about loads of put options open interest for July is perhaps correct. Market couldn't fight its way out of a wet paper bag but it cant go down either as that would cost the MM's too much money.And as I reported last week,serious money has ebbed out of the Dutch market since the start of the year.Can't see much reason for it to flow back in. Most of the Asian markets seem to have done well toward the end of session. Link to comment Share on other sites More sharing options...
The brown one Posted June 29, 2004 Report Share Posted June 29, 2004 Thot we wuz gettin' some action here but it's only a 1.5 point move from top to bottom so far---no-score draw so far! Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2004 Report Share Posted June 29, 2004 Footsie losing the plot: Just been thru today's action on the charts.. some very overbought stocks, thinking we might see some downside tomorrow... Link to comment Share on other sites More sharing options...
The brown one Posted June 29, 2004 Report Share Posted June 29, 2004 Aussie,I noticed that for the AEX both the weekly and daily stochs are near or at a top.The weekly especially looks like it's about to roll over. Shorter time frames are close to a bottom so it's likely that after a bit of yo-yoing in the range it should get into gear for the downside soon. The downtrend line from the 2000/2001 top is still unbroken to the upside and provdes stiff res at about this level +10 points. But WDIK! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.