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<title>Automated Trader NTKN items search results for australia</title>
<link>http://automatedtrader.net</link>
<description>
Automated Trader delivers immediate in-depth coverage of automated and algorithmic trading across all asset classes. Our global resource base utilises both online and print media to support market participants from both a business and a technological perspective. Give yourself an edge. Subscribe today.

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<language>en-uk</language>
<copyright>Copyright 2009 Algorithmic Media ltd</copyright>
<pubDate>Thu,  8 Jan 2009 18:05:41 -0600</pubDate>
    <item>
<title><![CDATA[Markets Report]]></title>
<link>http://automatedtrader.net/real-time-news-1806.xhtm</link>
<description><![CDATA[US equities were hammered overnight by growing fears the banking crisis is taking hold in Europe. The Dow plunged a record 800 points to close 3.6% lower. The S&amp;P fell 3.9%. The Nasdaq lost 4.3%.

Asian shares were mixed, with Sydney shrugging off the pessimism after the RBA cut Australia&#039;s main interest rate by a whopping 100bps to 6%. The Nikkei fell 3%. The ASX was up 1.7%. Hong Kong was closed for a holiday.

European shares were called higher after staggering losses Monday. The DAX future was up 1.8%. The CAC future rose 1.9% after the cash market fell at a record pace yesterday. While investors are focused on the ongoing banking industry chaos, economic data due for release today could also provide guidance. UK August manufacturing and industrial production is scheduled for 830 GMT, and German industrial production is due at 10. Both will be broadcast live on Need to Know News&#039; Scream Audio.

The euro rebounded after turning in massive declines Monday. EUR/USD rose 0.7%. EUR/JPY added 1.7%. Cable was up 0.6%. AUD/USD rose 1% following the RBA rate cut.

Bonds headed south as equity prospects were boosted in Europe. The Bund future dropped 32 ticks to 116.84 after hitting a contract high above 117 Monday. The 10yr Gund yield rose 4bps to 3.79%. The 2yr Schatz yield jumped 12bps to 3.15%. The 10yr Gilt yield was flat at 4.22%. The 10yr JGB yield added 6bps to 1.44%. The 10yr T-note yield was up 7bps to 3.53%.

Oil shot higher in volatile thanks to the dollar declines and hopes that not all economic growth is dead following the RBA rate cut. WTI was up 2.5% at $89.98. Brent rose 1.6% to $85.05.]]></description>
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<title><![CDATA[CORRECT: Markets Report]]></title>
<link>http://automatedtrader.net/real-time-news-1817.xhtm</link>
<description><![CDATA[(Corrects record Dow decline to intraday record fall)

US equities were hammered overnight by growing fears the banking crisis is taking hold in Europe. The Dow plunged 800 points during the session -- an intraday record -- and ended 3.6% lower and below 10.000 points. The S&amp;P fell 3.9%. The Nasdaq lost 4.3%.

Asian shares were mixed, with Sydney shrugging off the pessimism after the RBA cut Australia&#039;s main interest rate by a whopping 100bps to 6%. The Nikkei fell 3%. The ASX was up 1.7%. Hong Kong was closed for a holiday.

European shares were called higher after staggering losses Monday. The DAX future was up 1.8%. The CAC future rose 1.9% after the cash market fell at a record pace yesterday. While investors are focused on the ongoing banking industry chaos, economic data due for release today could also provide guidance. UK August manufacturing and industrial production is scheduled for 830 GMT, and German industrial production is due at 10. Both will be broadcast live on Need to Know News&#039; Scream Audio.

The euro rebounded after turning in massive declines Monday. EUR/USD rose 0.7%. EUR/JPY added 1.7%. Cable was up 0.6%. AUD/USD rose 1% following the RBA rate cut.

Bonds headed south as equity prospects were boosted in Europe. The Bund future dropped 32 ticks to 116.84 after hitting a contract high above 117 Monday. The 10yr Gund yield rose 4bps to 3.79%. The 2yr Schatz yield jumped 12bps to 3.15%. The 10yr Gilt yield was flat at 4.22%. The 10yr JGB yield added 6bps to 1.44%. The 10yr T-note yield was up 7bps to 3.53%.

Oil shot higher in volatile thanks to the dollar declines and hopes that not all economic growth is dead following the RBA rate cut. WTI was up 2.5% at $89.98. Brent rose 1.6% to $85.05.]]></description>
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<title><![CDATA[Metals: Copper, Aluminium Rise on LME ]]></title>
<link>http://automatedtrader.net/real-time-news-1834.xhtm</link>
<description><![CDATA[Copper advanced on the LME by $65 to $5,625 per tonne, with aluminium putting on $14 to $2,264.

Dealers say the copper market is very short while sentiment has been buoyed by the 100 bps rate cut by the Reserve Bank of Australia.]]></description>
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<title><![CDATA[FX: AUD Drifts After RBA Rate Cut]]></title>
<link>http://automatedtrader.net/real-time-news-1875.xhtm</link>
<description><![CDATA[AUD-USD drifted lower in to the N.Y. session to trade back in to 0.7125 after it lost support around the 0.7200 handle. Further unwinding of carry trade positions continued to weigh on Aussie, while macro account selling was also noted in the mix in response to the RBA&#039;s aggressive 1% rate cut. AUD-USD has fallen from early European highs of 0.7348 over the course of the European morning, after the pair posted a knee-jerk rally on the RBA move.

The market cheered the RBA&#039;s decisiveness, although the narrowing in yield spreads and the negative economic outlook for Australia are hardly positives for the medium term. Risk is likely to remain on the downside, but a return to yesterday&#039;s 0.6995 low is likely to be more gradual as the market speculates on a coordinated policy response ahead of the G7 meeting, which starts on Friday.]]></description>
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<title><![CDATA[US Opening Comments]]></title>
<link>http://automatedtrader.net/real-time-news-1876.xhtm</link>
<description><![CDATA[US equities are following European stocks modestly higher, perhaps on optimism the FED will start buying commercial paper to unfreeze the $1.6trln funding market. Australia cut its benchmark rate by one percentage point, the biggest cut in 16 years, and central banks around the globe injected funds to bring borrowing rates down after they spiked higher overnight. Dow futures are up 0.5%, S&amp;Ps are up nearly 1%, and Nasdaq futures are 1.4% higher.

Bonds are firmly in negative territory with the 30yr down 0.4% and the 10yr down 0.6%. The short end has seen selling as well, with the 3-month bill yield up 11bps to 0.61%.

The dollar is taking a hit &acirc;€“ USD Index down 0.5% &acirc;€“ as EUR and GBP recovered somewhat from yesterday&acirc;€™s massive sell-off. EUR/USD is up 0.75% and Cable is up 0.2% as of this writing. JPY has pared gains from y/day with USD/JPY up 0.4%, EUR/JPY up over 1%, and GBP/JPY up 0.6%.

The energy complex has also flipped after y/day&acirc;€™s losses, with Crude up 3.3% in premarket trade. Unleaded is up 2.2% and Heating Oil is up 2.3%. Gold is trading up $15 at $881/oz.

At 8:55am EDT, Johnson Redbook Retail Sales will be released. Minneapolis FED President Stern speaks about the repercussions of financial shocks in Illinois at 11am. FED Chairman Bernanke follows at 1:15pm with a speech on the economic outlook and financial markets.

At 2pm, minutes from the FOMC meeting on September 16 are released. At 3pm, August Consumer Credit is expected to increase $5bln.
]]></description>
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<title><![CDATA[US Opening Comments]]></title>
<link>http://automatedtrader.net/real-time-news-1877.xhtm</link>
<description><![CDATA[US equities are following European stocks modestly higher, perhaps on optimism the FED will start buying commercial paper to unfreeze the $1.6trln funding market. Australia cut its benchmark rate by one percentage point, the biggest cut in 16 years, and central banks around the globe injected funds to bring borrowing rates down after they spiked higher overnight. The fed funds bid-ask is 4% at 5%.  Dow futures are up 0.5%, S&amp;Ps are up nearly 1%, and Nasdaq futures are 1.4% higher.

Bonds are firmly in negative territory with the 30yr down 0.4% and the 10yr down 0.6%. The short end has seen selling as well, with the 3-month bill yield up 11bps to 0.61%.

The dollar is taking a hit &acirc;€“ USD Index down 0.5% &acirc;€“ as EUR and GBP recovered somewhat from yesterday&acirc;€™s massive sell-off. EUR/USD is up 0.75% and Cable is up 0.2% as of this writing. JPY has pared gains from y/day with USD/JPY up 0.4%, EUR/JPY up over 1%, and GBP/JPY up 0.6%.

The energy complex has also flipped after y/day&acirc;€™s losses, with Crude up 3.3% in premarket trade. Unleaded is up 2.2% and Heating Oil is up 2.3%. Gold is trading up $15 at $881/oz.

At 8:55am EDT, Johnson Redbook Retail Sales will be released. Minneapolis FED President Stern speaks about the repercussions of financial shocks in Illinois at 11am. FED Chairman Bernanke follows at 1:15pm with a speech on the economic outlook and financial markets.

At 2pm, minutes from the FOMC meeting on September 16 are released. At 3pm, August Consumer Credit is expected to increase $5bln.
]]></description>
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<title><![CDATA[FX Update: Asian Summary]]></title>
<link>http://automatedtrader.net/real-time-news-2395.xhtm</link>
<description><![CDATA[The USD was initially sold at the open of Asian trading on hopes that measures by governments in Europe, the UK, Australia and New Zealand to protect the banking system would bolster fresh risk appetite. EUR/USD rallied to 1.3624 highs as a result with USD/JPY rising to 101.18 as JPY crosses rallied. But, the reaction by local stock markets was mixed with Australian and S. Korean stocks up but stocks in China and Taiwan falling. 

In addition, the PBOC warned of slowing China growth over the weekend and forecasts for softer oil from OPEC and Goldman Sachs, and a weak iron ore outlook from Macquarie all dampened the initial enthusiastic reaction. Weak data also thwarted the optimism with ANZ job ads falling, UK business confidence at record lows and a large slump in NZ consumer confidence. 

Currencies corrected back to levels seen midday in New York with EUR/USD falling to 1.3457 before settling around 1.3520 and USD/JPY pulled back to 99.57 before settling around 100.04. The only noted intervention was on IDR today.]]></description>
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<title><![CDATA[In the Markets]]></title>
<link>http://automatedtrader.net/real-time-news-2412.xhtm</link>
<description><![CDATA[* S&amp;P 500 equity futures up 5% in overnight trade; European stock futures also rallied

* Fresh banking measures announced by the UK, Europe, Australia and NZ

* EZ agreed on bank rescue measures, country specific details to be released

* USD recovered from early Asia losses, JPY lower amid an abatement in risk aversion

* G7 vowed to take all necessary steps to unfreeze markets, but details were lacking

* Asian stocks mostly up, though China, Taiwan fell; Japanese markets were closed

* European calendar light on Monday, with only UK September PPI

* US bond markets closed Monday, equities trading open; Canadian markets closed

* NYMEX crude rose $2 from late NY, despite negative forecasts for oil prices

* Australia ANZ job ads fell 1.4% m/m in Sept, consistent with cooling labour market

* Australia guarantees all bank deposits for 3 yrs, NZ backs retail deposit guarantees

* NZ consumer confidence and NZ house prices fell; Aug retail sales up 0.4% m/m

* Fed&#039;s Fisher says dynamics of inflation have shifted; taken over by credit crisis ]]></description>
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<title><![CDATA[In the Markets]]></title>
<link>http://automatedtrader.net/real-time-news-2552.xhtm</link>
<description><![CDATA[* US Treasury to take preferred stock in nine U.S. banks

* FED&#039;s Bernanke said that the groundwork for a recovery is being laid

* Stocks rallied sharply on the global bail-out, Nikkei up 14.1%, U.S. futures extend gains

* US Treasury yields gapped sharply higher, 10-year yields near 3-month highs

* JPY plunges in reaction to stock gains; USD eases against most currencies

* German October ZEW expected to slip to -51 (median same) from -41 in September

* EZ August industrial production is seen up 1.4% m/m (median 1.2) after 0.3% drop

* European calendar also has UK September CPI, expected to accelerate to 5.1% (median 5.0)

* UK Sep BRC like-for-like retail sales down 1.5% y/y, 4th straight month of decline

* UK Sep RICS house price balance dipped to 30yr low of -84, as expected, from -82

* US calendar quiet in terms of data, focus on bank and market stabilization/rescue

* NYMEX crude futures rose over $83.00, after 4.5% gains in New York

* Australia announced a $7.3 bln stimulus package to boost flagging economy

* Australian business sentiment remains near 7-year lows in NAB&#039;s Sept Survey ]]></description>
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<title><![CDATA[Uranium One Reaches Agreement with Japan&#039;s Mitsui]]></title>
<link>http://automatedtrader.net/real-time-news-2787.xhtm</link>
<description><![CDATA[Vancouver-based, Uranium One announced today it has reached A$104mln agreement with Japan&acirc;€™s Mitsui  to create joint ventures in Australia.

Under the agreement, Mitsui will acquire a 49% interest in the Honeymoon project and Uranium&acirc;€™s Australian exploration portfolio. 

Uranium One had announced last May that it was evaluating corporate development opportunities for its Australian projects.  The agreement is still subject to regulatory approvals.

]]></description>
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