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facilitating trading of equities, derivatives and FX on local &
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adapt as our clients require us to within the ever changing environment
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Our aim is to increase your financial security by
providing service at the level you expect, and by increasing
your understanding of the instruments and strategies that are
being traded. Every effort is made to maximise the profitable
opportunities for our clients, whether they be investors or
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First of all I want to thank you for having me as a guest today!
My name is Adam Hewison. You might want to Google Me to confirm what I am about to share with you.
There are plenty of people out there that create “exclusive email
courses” with little or no credentials to actually backup their
teachings. So, I think it’s right that I share a little bit about
myself with you before we even start.
I was a former floor trader on the IMM, IOM, NYFE and LIFFE as well
as a risk manager of a large, multinational corporation in Geneva,
Switzerland. I also have written books on forex trading and trend
following. In 1995, I founded INO.com and later co-founded MarketClub.
I’ve been in the trading biz for over three decades and have seen it
all. I created this course as a way to give back and share trading tips
and techniques that I still use in my trading today.
In my Free Mini Email Course, I will show and explain the tools and
strategies you need to increase your success rate in the marketplace.
(1) The importance of psychology in price movement
If you are interested in either Futures or Options. You can download the latest magazine by clicking on the link provided below.This is another free service offered by Asxnewbie.
The December 2009 issue of Futures & Options
Trader magazine is ready to download
The reason for the recent trading halt was because of a placement and Share Purchase Plan to fund accelerated exploration and development in the future.
Victoria Petroleum (ASX:VPE) placement and Share Purchase Plan.
Victoria Petroleum N.L. (Company) is pleased to announce that the Company has completed a placement of 40,000,000 fully paid ordinary shares to clients of RBS Morgans Corporate Limited (RBS) at 30 cents per share to raise $12,000,000 before costs.
The placement is made pursuant to Section 708 of the Corporations Act and in accordance with Listing Rule 7.1 of the ASX Listing Rules. The Company will pay a 3% placement fee to RBS for completing the placement.
Funds raised by the placement will be used for accelerated exploration and development of the Company’s Cooper Basin oil interests and Coal Seam Gas resources in the Surat Basin, Queensland, and to provide general working capital. The placement does not require shareholder approval.
More increases in Australian interest rates are likely in the year
ahead as the RBA seeks to move rates towards normal levels. The normal
level is now judged to be around 5%.
However, the process of tightening is likely to remain gradual thanks
to falling underlying inflation and lingering uncertainties about
growth.
The AMP's chief economist, Dr Shane Oliver the cash rate is unlikely to
reach 5% until around the end of 2010. Rising interest rates won’t be a
major problem for shares until rates reach onerous levels. This is
unlikely until 2011 or 2012.
The Reserve Bank of Australia has again increased the cash rate by another 0.25% taking it to 3.75%
While much will no doubt be made of the fact the RBA hasn’t increased
rates three months in a row since the 1980s, it should be noted that
3.75% is still very low for the cash rate in an historical context.
Bad, good, and perhaps more bad news for Nufarm shareholders from yesterday's AGM in Melbourne.
A day after it became apparent the proposed $13 a share offer from a
China suitor was in trouble, shareholders received more news; in fact
it was more like confession time from the chairman and CEO.
First half profit will be down, things will hopefully get better in the
second half and Nufarm also says it won’t accept a lower offer from its
Chinese suitor and its board will consider alternate proposals after
the takeover deadline lapsed without a deal.
The speeches to the meeting by chairman, Kerry Hoggard and CEO Doug
Rathbone contained enough detail for outsiders to understand
why Sinochem developed cold feet about the $13 a share price and wanted
to offer less.
In short the 2009 financial year experienced by Nufarm was full of red
flags, many of the problems encountered by the company were
self-inflicted, and have had an impact on its financial strength.
A solid month in November for many of the world's major car markets,
including Australia, but those economies where some sort of tax or
purchase assistance is in place did a lot better than those without.
Early reports from China suggest sales surged, with General Motors in
the US reporting that industry sales in China rose 93% in October from
a year ago.
That's a bit misleading (as are some other rises), because car sales
were plunging a year ago as the global crunch and recession started
rolling across the US, Europe and Asia.
China's sales are being driven by government support (via tax rates)
for small car purchases, as are the car markets in many countries,
including Australia.
China is now the world's biggest car market, with sales and production running at an annual rate of over 12 million units.
The S&P/ASX200 had quiet trading day yesterday, ending the day only 12
points higher to close at 4,774.60. However, Chris Kimber from Bell Financial
Group believes "...the All Ordinaries will push past the 5,000 mark before
Christmas."
The Dow Jones Industrial Average had a late sell-off which saw the Dow close
down 86 points to 10,366.15. Information that retail sales only had a marginal
increase from last year and the nonmanufacturing index was down 1.9 to 48.7
drove shares further into the red. Read more here.
In the UK overnight, the FTSE dropped 0.27% to 5,313
The Nikkei was up a huge 3.84% overnight, reaching a five week
closing high of 9,977.67
The price of gold has once again reached another new high. Overnight, gold reached $1,226.56
The New Zealand’s economy is likely to grow in 2010, thanks to rising
consumer spending and global demand for exports, according to the
latest update from the New Zealand Institute of Economic Research.
The economy will expand 2.6% next year after contracting by 0.9% this year, the Institute said in its latest quarterly report.
But the economy would regain pre-recession levels of activity until 2012.
“The next few quarters will be bumpy as the economy slowly converts the
rebound into recovery,” according to Shamubeel Eaqub, the Institute's
principal economist.
“The New Zealand economy is out of recession. We expect continued improvement," he said.
"There are still significant risks to the economy from renewed
over-valuation in the housing market, rising unemployment, persistent
external imbalances and rising oil prices.”
Well we
couldn't find any Westpac bankers to high-five yesterday. It seems they were
keeping their head down to avoid the flak.
Which is a shame because they should be holding their heads high for an
ingenious move.
Sure, it may not pay off quite as they planned due to the 'scabs' at National
Australia Bank flinching and only raising interest rates by 0.25%.
But it's the NAB bankers that will find themselves outcasts at the next Banking
soiree. While the Westpac bankers will be welcomed to a rapturous and
sympathetic ovation: "You
tried your best boys and girls."
If you're still confused by what the heck I'm going on about, let me explain...
New highs for world gold prices again, with the futures price rising above $US1,227 in trading yesterday and overnight.
The US dollar's weakness accounted for much of that, plus the continuing surge of investment funds into riskier investments.
The rise in price is coming for a good time for Australian producers,
but the high value of the Australian dollar - almost 93 US cents -
means the spoils are not as golden as seems from the headlines.
But Australia surpassed the US as the world’s second-largest gold
producer in the first half of this year as output fell in US mines.
But whether this is a secular change, or temporary, remains open, with
reports that one big US mine, Goldstrike, moved into a waste stripping
phrase, which cut production of gold, especially in the third quarter.
