the budget update is pretty much a non-event in terms of impact...

the budget update is pretty much a non-event in terms of impact to our markets, the only bonus maybe a likely RBA rate cut next week.

which is obvious great for all the struggling families in Australia, although not that great for those that are either retired or without homeloans.

interesting to see that the CBA slashed its 2yr fixed interest rate to 6.04% yesterday, they are obviously of the view there will be quite a few interest rate cuts in the next 6 months.

looks like the market is in a holding pattern today, trying to work out whether the gains from yesterday mark a short term trend change or just a one off.


just finished looking through the CNN presentation, they certainly have a promising list of customers, and are predicting a 3 fold increase in revenue next year, could be one to watch if sentiment improves, nice increase in volume today.

another positive update from CTP, market just doesn't seem interested, just watching incase volume increases

GCN is just a beast, its been a while since a 1c stock has seen such a substantial re-rating on increasing volume, buying the dips has been very profitable.

AVB volume increasing looks to have held above 10c now, market sentiment pending obviously.

NMR nice rebound from yesterdays lows, not chasing it, but looking for better entry point.


the reaction to tonights european debt auctions will provide a good barometer to whether global markets are likely to see further gains in the short term.