Guest Posted July 5, 2004 Report Share Posted July 5, 2004 Nothing much happening today at all. The index currently -0.1% with the ticker barely moving and volume way down. The banks are up half a percent but in general the screen is on the red side. Golds having a bullish one, +2-3%. Oils looking ok too, +0.5%. Over in Asia the bearz are in control: Link to comment Share on other sites More sharing options...
Guest Posted July 5, 2004 Report Share Posted July 5, 2004 Most of the Asian markets came off their lows and so did we. All Ords closed +3 (+0.1%) but volume remained muted. The 5-day chart shows the intraday action in line with the previous days. Maybe a topping formation? Golds & oils continued to hold their gains. Europe open and slightly in the red at this stage.... Link to comment Share on other sites More sharing options...
Guest Posted July 5, 2004 Report Share Posted July 5, 2004 Australian Inflation Falls 0.2% In June: Index SYDNEY, July 5 Asia in Focus - Australian inflation fell by 0.2 per cent in June to be 2.0 per cent higher than a year earlier, according to the TD Securities/Melbourne Institute inflation index. The decline follows a rise of 0.3 per cent in May and has further dampened expectations of an interest rate hike. The report attributed the fall in consumer price inflation to a substantial drop in rental prices and cheaper fruit and vegetables prices. --------- Australian Employment Growth Continues In June: Survey SYDNEY, July 5 Asia in Focus - The total number of job ads in both newspapers and on the internet rose by an adjusted 1.7 per cent to an average of 124,290 per week in June, following a 3.4 per cent increase in May, a new survey has shown. This was 40.2 per cent higher than in June 2003 and was the highest level since the series commenced almost five years ago, the latest ANZ Job Advertisements series found. Link to comment Share on other sites More sharing options...
The brown one Posted July 5, 2004 Report Share Posted July 5, 2004 Your economy still going pretty well I see Aussie! Unemployment still rising here--getting on 6% from 2.5% two years ago. Market not doing anything today either.We're trapped between shport at 338 and res at 350.The res at 350 is the downsloping trendline from the 2000 top and has not yet been broken upwards!Likely that there's too many puts open for July to go down too far this month. Link to comment Share on other sites More sharing options...
The brown one Posted July 5, 2004 Report Share Posted July 5, 2004 Looks like a gapfill and now down-but how far eez ze question! Link to comment Share on other sites More sharing options...
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