* Forex market in tug-of-war over mixed data * Yen shows limited reaction to BOJ tankan
Archive for June, 2009
Australia remains a cash-based society but the use of credit and debit cards is growing, RBA research shows.
Posted on June 30th, 2009 in AUD/JPY, bearish trend, bullish trend, cent, currency pair, Finance, financial crisis, FX carry trades, Market News, micro cap, pennyhopefuls, perth, S&P/ASX 200, small
Still positively correlated with the stock indices, particularly the S&P/ASX 200, the AUD/JPY currency pair strongly rebounded between February and June this year. It posted a recent high on June 11 at 80.43 (point C on the chart). From the low of 55.51 posted in early February (point E), it’s a rise of 45% in [...]
Jetstar is extremely disappointed with Darwin Airport’s decision to put a $60 million expansion plan on hold.
Posted on June 30th, 2009 in bank, cent, Finance, global banking system, HSBC, macquarie group, Market News, micro cap, One Nation, Pauline Hanson, pennyhopefuls, perth, small
Maybe if Macquarie Group’s Rory Robertson and his other economist chums (Westpac’s Bill Evans was riding the bandwagon at the weekend too) become disillusioned with their current BAK economic theory, they could give Pauline-Hansonomics a try.
We’ve received a few emails recently from Money Morning readers drawing our attention to former politician, chip-shop owner, and jailbird, [...]
Posted on June 30th, 2009 in cent, economy, Finance, GDP, Market News, micro cap, Output gap, pennyhopefuls, perth, small
We can’t help ourselves. We feel like the proverbial dog with a bone. If you’re fed up with the ‘Output Gap’ then you may want to skip the next few paragraphs and just head on down to the item on ‘Pauline-Hansonomics.’
We almost think we should pay the RBNZ a royalty for using the [...]
Posted on June 30th, 2009 in banking system, cent, direct debit, Finance, Market News, micro cap, paper currency, pennyhopefuls, perth, small
This was the screen that met your editor and millions of other Australians yesterday…
We were attempting to login to our Commonwealth Bank ’savings’ account to check on the family fortune.
Ok, actually we were checking to see if a new direct debit was working.
According to yesterday’s Sydney Morning Herald, Commonwealth Bank chief information officer Michael [...]
Hotel staff are laying claim to be the first workers to use the Federal Government’s new Fair Work Act.
ANZ Bank may buy Royal Bank of Scotland units in at least five Asian countries as the government-controlled bank splits its assets in the region to attract buyers.
The troubled banking and insurance giant, Suncorp, has appointed a former soldier as its new chief executive after an extensive global search.
