Australia & NZ Archives - Page 83 of 99

June 5, 2012

Securities Technology Monitor: Dark Trading Bad, HFT Good

“HFTs appear to assist in decreasing excessive price volatility,” [Professor Alex Frino, CEO of Capital Markets Co-operative Research Centre (CMCRC) and Professor of Finance at the University of Sydney Business School] said. “This is partly due to the way HFT algorithms identify trading opportunities – they’re built to recognise when prices are abnormally high or low, and respond in a way that naturally pushes prices back towards the middle.”

via Securities Technology Monitor: Dark Trading Bad, HFT Good.

Colin Twiggs

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.

June 4, 2012

Australia: ASX 200 at primary support

The ASX 200 is testing primary support at 3980/4000. Failure would confirm the primary down-trend signaled by downward breakout from the large ascending triangle (August to May) and reversal of 63-Day Twiggs Momentum below zero. Declining 13-week Twiggs Money Flow (below zero) indicates strong selling pressure.

ASX 200 Index

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 31, 2012

Clarke and Dawe – A Great Man in a Crisis

“Bob Carr. Australian Foreign Minister.” Originally aired on ABC TV’s 7.30: 03/05/2012:

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 31, 2012

Clarke and Dawe – Australian Political Scientist

An irreverent look at Australian politics.

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 31, 2012

Forex: Australia and Canada

Falling crude oil and commodity prices are likely to depress resource-rich currencies. Canada’s Loonie found support at $0.97 but 63-Day Twiggs Momentum below zero warns of a primary down-trend. Failure of $0.97 is likely and would test the primary level at $0.94/0.95.

Canadian Dollar

* Target calculation: 0.95 – ( 1.01 – 0.95 ) = 0.89

The Aussie Dollar is testing primary support at $0.96/0.97. Declining 63-day Twiggs Momentum (below zero) warns of a primary down-trend. Failure of support at $0.96 would offer a long-term target of $0.84*.

Aussie Dollar

* Target calculation: 0.96 – ( 1.08 – 0.96 ) = 0.84

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 31, 2012

Australia: ASX 200 breaks triangle

The monthly chart of the ASX 200 displays a downward breakout from the ascending triangle, forming since September 2011, offering a target of the 2008 low at 3200*. Reversal of 63-Day Twiggs Momentum below zero also suggests continuation of the primary down-trend.

ASX 200 Index

* Target calculation: 3800 – ( 4400 – 3800 ) = 3200

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 28, 2012

Australia: ASX 200 consolidation

Asia consolidated today and the ASX 200 was no exception, rallying off short-term support at 4020. Declining 21-day Twiggs Money Flow continues to warn of medium-term selling pressure. Respect of resistance at 4150 would indicate a test of primary support at 3980/4000. Failure of support would offer a target of 3600*.

ASX 200 Index

* Target calculation: 4000 – ( 4400 – 4000 ) = 3600

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 24, 2012

Forex: Australia, Canada, South Africa

Canada’s Loonie may be strengthening against the Aussie Dollar but is headed for another test of primary support at $0.95 against the greenback. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of support at $0.95 would confirm.

Canadian Dollar

* Target calculation: 0.95 – ( 1.02 – 0.95 ) = 0.88

The Australian Dollar is following commodities lower, headed for a test of primary support at $0.96. 63-Day Twiggs Momentum below zero warns of a primary down-trend. Breach of support at $0.96 would warn of a primary down-trend with a long-term target of $0.84. Recovery above $1.02 is unlikely but would indicate another test of $1.08.

Australian Dollar

* Target calculation: 0.96 – ( 1.08 – 0.96 ) = 0.84

The Australian Dollar respected resistance at R8.30 against the South African Rand. Expect another test of R7.90. Breach would warn of a decline to R7.50*. 63-Day Twiggs Momentum oscillating close to zero indicates uncertainty and breakout above R8.30 would test long-term resistance at R8.50.

Australian Dollar/South African Rand

* Target calculation: 8.00 – ( 8.50 – 8.00 ) = 7.50

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 22, 2012

Australia: ASX 200 rallies

The ASX 200 rallied off secondary support at 4050. Respect of resistance at 4150 would signal a test of primary support at 3980/4000. Another 21-day Twiggs Money Flow peak below the zero line would strengthen the bear signal. 63-Day Twiggs Momentum below zero also warns of a primary down-trend.

ASX 200 Index

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

May 17, 2012

Forex: Australia, Canada, South Africa

Canada’s Loonie broke support at $0.995 and the rising trendline against the greenback, indicating another test of primary support at $0.95. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of support at $0.95 would confirm.

Canadian Dollar

The Australian Dollar is expected to follow commodities lower, testing primary support at $0.96. 63-Day Twiggs Momentum below zero warns of another primary decline. Recovery above $1.02 is unlikely but would indicate an advance to $1.08.

Australian Dollar

The Australian Dollar strengthened against the South African Rand, but respect of resistance at R8.30 would warn of a decline to R7.50*. Breach of support at R7.90 would confirm. 63-Day Twiggs Momentum oscillating close to zero indicates uncertainty, however, and breakout above R8.30 would test long-term resistance at R8.50.

Australian Dollar/South African Rand

* Target calculation: 8.00 – ( 8.50 – 8.00 ) = 7.50

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.