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(Adds Macquarie) SYDNEY, June 1 (Reuters) – Australian stocks rose 1.6percent on Monday, supported by heavyweight resources stocksamid upbeat global economic data that brightened the outlookfor demand for commodities.

* Oil climbs 1 pct to $67 after 30 pct jump in May * Equities bounce, dollar weakness fuels rally

* Nikkei hits highest level since Oct 8* Shippers, trading houses, resource shares up on China hopes * Konica Minolta surges on brokerage upgrade* Eyes on GM, automakers edge down

Back in February I received a few queries on the Aussie dollar/US Dollar pair (AUDUSD) and whether it would plunge to 50 cents. At the time, European analysts were extremely bearish and forecasting such moves.
I spent a few hours staring at the AUDUSD chart and for the life of me I could not see [...]

The Reserve Bank of Australia (RBA) meets to decide on interest rates tomorrow.
Take a look at the chart below of the Sydney Futures Exchange (SFE) cash rate target tracker…

As a Money Morning reader, you’ve probably seen this chart before. But it looks completely different to how it’s looked over the last eight months. [...]

SYDNEY, June 1 (Reuters) – The Australian dollar edged backfrom eight-month highs on Monday, as the market took a breatherfrom its best monthly gain since 1982. * By 10:00 a.m. (0000 GMT), the Aussie <AUD=D4> was at$0.7998, up from $0.7921 late on Friday, but off a eight-monthhigh of $0.8075. The local dollar has surged more than 20percent in the last two months.

Take advantage of the coming correction on Copper
Copper prices have surged from US$2,770 per tonne just before Christmas to $4,538. It’s a 64% rise. The price action peaked at mid-April when it hit a high of $4,750. It has been consolidating for the last month and a half.
A consolidation is a phase where prices move [...]

Conflicts of interest and vested interests. They are a danger to your wallet.
But before I go into that, let me put my cards on the table. It’s only fair. I’m editor of this free newsletter, plus I’m also editor of the Australian Small Cap Investigator, and a soon to be released – [...]

* Energy sector, Coca-Cola shares underpin market * Data adds to optimism on economic recovery

* Gold hits $980 per ounce; highest level since late Feb * Dollar hits 5-month lows, oil rises to 2009 peak