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Stock continues to move in the right direction for investors

Bad break from the stock after it looked to be showing some strength

There seems to be a sense of complacency in markets at the moment, and volatility remains extremely depressed. Once again, the key event to watch this week will be the US Federal Reserve rate announcement which begins its 2-day meeting today.

Global markets were higher on Friday in the wake of the latest upbeat US jobs report.  Payrolls data on Friday bolstered optimism about the US economic outlook as its showed a 228,000 hiring spree last month, cementing the likelihood of an interest rate

Both the Australian and NZ dollar have trended lower of late, and several market commentators suggest there is more to come. Morgan Stanley have suggested that investors position for further currency falls, with a forecast for the AUD to hit 65 cents agai

Closer to home, the Australian dollar fell sharply following a slightly softer-than-expected GDP (economic growth) print for the third quarter of 0.6%, with the annual rate also coming in slightly below economist expectations at 2.8%. We are not overly co

Difficult chart to interpret as the stock finds resistance around $28 per share

Closer to home, yesterday saw both the Reserve Bank of Australia and Reserve Bank of New Zealand make comments. The RBA kept interest rates on hold as Reserve Bank governor Philip Lowe reiterated “the low level of interest rates is continuing to support t

Good performer, potentially overextended