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US optimism .v. commodity pessimism

US markets gave local traders a positive lead for this morning. The question for traders is whether this will make any impression on investors who have been selling bank stocks or overcome the nervous sentiment in commodity markets. The best that can be hoped for looks to be a minor rally leaving the ASX 200 index inside Friday's large trading range and the overall market tone nervous.

04 Apr 2016
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Banks the key as international markets take stock

The decline in bond yields and the US Dollar in response to Janet Yellen's speech extended for a third day. This ongoing adjustment in bond and currency markets indicates that the Yellen speech was a sea change for market thinking. It's clear that unless economic circumstances change, US rates will stay lower for longer. Markets are now contemplating the prospect that the Fed rate will not move above 1% for at least 18 months.

01 Apr 2016
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Global Bulls vs Local Bears

The Australian share market is caught in conflicting currents. European and US share markets continued their rallies overnight, still buoyed by Fed Chair Yellen's dovish comments. However, there is pressure on local banks generally, and ANZ in particular, as traders continue to speculate on the potential for a bad debt spiral.

31 Mar 2016
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