Trader’s Edge – 6 July 2015

Over the weekend the people of Greece voted “NO” against succumbing to further austerity demands by creditors. This leaves the current situation in a rather sticky predicament. Just what does this “NO” vote mean? Prime Minister Alexis Tsipras believes this outcome...

Trader’s Edge – 3 July 2015

The Australian market posted another strong gain yesterday on the hope that some sort of compromise may be able to be reached between Greece and its creditors. The ASX200 rallied 84pts, rounding off the day at 5599.8. U.S. stock indices were relatively flat. Non-farm...

Trader’s Edge – 2 July 2015

The Australian market continued on from Tuesday’s rebound to post a strong 56pt gain for the first day of the new financial year. Nine of the ten sectors finished higher, with only the materials sector underperforming on weakness in the iron ore price. The Industrials...

Trader’s Edge – 1 July 2015

The Australian market finally ran into some buying after a couple of ugly days amid the Greek debt uncertainty. The S&P/ASX200 rallied in the final hour of trade to eventually round out the last day of the financial year up 36.5pts, or +0.67%, at 5459. Full...

Trader’s Edge – 30 June 2015

The fallout of the Greek debt standoff continues to be felt across global financial markets. Yesterday equity markets around the world were hit heavily amid fears that Greece may be heading for a Eurozone exit. Standard & Poor’s have now downgraded Greece’s credit...

Trader’s Edge – 29 June 2015

We are looking at what could certainly be a turbulent week for global financial markets. No agreement has yet been reached between Greece and its creditors as the June 30 deadline nears. A Greek debt default on Tuesday is now looking more and more likely. Full...