Australia Becomes a Member of the World’s Biggest Trading Agreement 

Australia Becomes a Member of the World’s Biggest Trading Agreement 
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Australia joined the biggest trading agreement which consists of a 15-nation partnership that accounts nearly a third of global output.  On Sunday, Prime Minister Scott Morrison and his Trade Minister Simon Birmingham will sign the Regional Comprehensive Economic Partnership.  “This is a huge accomplishment,” Senator Birmingham told reporters in Canberra.  “This is an incredibly important […]

Increased Spending May Surge Until Christmas Says NAB Economists

Increased Spending May Surge Until Christmas Says NAB Economists
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Post-lockdown spending in Australia may continue until Christmas. However, other sectors such as hospitality and tourism will continue to consolidate due to lockdown restrictions says economists at National Australia Bank.  For the week ending in November 7, the spending rose to 5.4 percent year-on-year as lockdowns in Victoria eased as revealed in the figures from […]

Trading Quotes to Help You Focus on the Game

Trading Quotes to Help You Focus on the Game
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A profitable strategy is only a part of being a consistent forex trader. The other part is the way on how you execute these strategies.  If you feel like you are not in the mood to trade today, here are some lists that will help you keep your head in the game.  These are some […]

Australia’s Economy is Improving as Coronavirus Cases are Getting Lower 

Australia’s Economy is Improving as Coronavirus Cases are Getting Lower 
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Australia’s economic recovery has been released by a new survey by The National Bank of Australia as Coronavirus cases dwindle.  Business in confidence in Australia reach its highest level since mid-2019, with Victoria’s ability to lessen the numbers of virus cases that is helping the economic state of Australia grow.  According to NAB monthly business […]

How To Overcome Forex Trading Worries 

How To Overcome Forex Trading Worries 
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Worrying is a normal response for us humans. We worry whenever there is uncertainty or feel uncomfortable in making decisions because we are scared of the possibility of a negative outcome. As a human, it is in our nature to try to avoid pain as much as possible. As a forex trader, one of the […]

Investor’s Reactions on Biden’s Victory Helped Stocks in Asia-Pacific Rise 

Investor’s Reactions on Biden’s Victory Helped Stocks in Asia-Pacific Rise 
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On Monday, stocks in Asia-Pacific edged higher as investors in several regions in Asia reacted to Joe Biden’s victory against Donald Trump.  In Japan, the Nikkei 225 gained 1.11%.  In Australia, the S&P/ASX200 gained 1.33%.  MCI’s broadest index of Asia-Pacific shares outside Japan traded 0.29%.  President Joe Biden’s victory was assured after results were projected […]

What are Bullish and Bearish Markets?  

What are Bullish and Bearish Markets?  
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You often hear the words bullish and bearish from traders. These words may sound foreign to you but here, we will discuss these terms as simple as possible. Basically, the terms “Bull” (bullish) and “Bear” (Bearish) are used to describe the overall financial market is performing in general. Bull market means that the trend is going […]

National Bank of Australia Reveals the Financial Damage Caused by the Coronavirus Pandemic 

National Bank of Australia Reveals the Financial Damage Caused by the Coronavirus Pandemic 
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The financial damaged caused by the coronavirus pandemic to the National Bank of Australia has been revealed with nearly 10 percent of its customers to confirm if they will be able to resume loan repayments.  The major bank reported cash earning of $3.7 billion, which fell 36.6 percent compared to last year as stated in […]

Trading Forex Confidently For Success

Trading Forex Confidently For Success
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The primary motivating factor for most people who want to get into forex trading is the money-making endeavor.  It is helpful to get clear of the goals that they wish to have and achieve from their forex trading efforts as they approach the market. Trading essentially reflect a person’s overall personality and trading psychology. Their behavior during trading ultimately tends […]

AU Retail Turnover Down in September  

AU Retail Turnover Down in September  
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  Australian retail turnover fell 1.1 percent in September 2020, seasonally adjusted, according to the Australian Bureau of Statistics (ABS) Retail Trade figures.   Although the retail trading witnessed a fall last month, it is still well ahead compared to last year. Food and consumption still remain above levels compared to 2019.  The retail turnover of September […]