5G Is Giving TLS A Boost

Posted on | by Todd | Leave a Comment on 5G Is Giving TLS A Boost

Since posting a low of $3.34 on November 28th, shares of Telstra have gained over 10% reaching a high of $3.72 in early trade.

Much of this recent optimism in the company stems from TLS wrapping up the second phase of their transmission network upgrade and deploying their high capacity optical technology, which is known as “5G”

This increased capacity and faster download speed is shaping up as a winner as TLS is outperforming its rivals on the new iPhone X and iPhone 8 orders.

Because TLS has greater network capacity, they are able to charge a premium on these new mobile phone systems.

Technically, the next price hurdle will be at $3.83, which is the bottom end of a gap lower on August 29th.

  Telstra

 

Aussie Dollar Drops On Weaker Trade Balance Report

Posted on | by Todd | Leave a Comment on Aussie Dollar Drops On Weaker Trade Balance Report

The Aussie Dollar dropped close to 1% overnight as yesterday’s domestic trade balance numbers showed a steep contraction for the month.

The AUD/USD hit a six-month low at .7500 as the trade surplus fell to $105 million from $1.6 billion the month before. The street had expected a surplus of $1.4 billion……10 times higher than the actual print.

The sharp drop was driven by a 3% fall in exports and a 2% increase in imports. Details of the report showed much lower levels of exports of Iron ore and coking coal.

There are several names on the ASX that earning revenue overseas and will benefit from the falling Aussie Dollar.

These include QAN, RHC, TWE and NCM.

QANTAS

Ramsay Health Care

Newcrest Mining

Treasury Wine Estates

Miss last night’s Webinar? Watch it here.

Posted on | by Leon Hinde | Leave a Comment on Miss last night’s Webinar? Watch it here.

Did your miss our Webinar last night on our Charts and the Algo Engine?  You can watch the replay below.

Our final webinar in the 3 part series will be held on Wednesday the 13th of December 2017 at 12:30pm QLD time, 1:30pm NSW/VIC time and 1:30am WA time. This is a daytime session. The topic will be Trading ASX 50 CFDs with Saxo Go.

Register your interest here.

 

ALGO Update: QANTAS Shares Are Ready To Takeoff

Posted on | by Todd | Leave a Comment on ALGO Update: QANTAS Shares Are Ready To Takeoff

Our ALGO engine triggered a buy signal in QAN on November 24th at $5.60.

In the days after that, the share price slipped down to $5.30 as crude oil prices rallied into the OPEC meeting and the Aussie Dollar traded back into the .7600 handle.

Both of the those fundamental headwinds have been reversed and the share price has reached the $5.50 level in early trade.

Shares of QAN are over 70% higher than the January lows, which makes the company one of the best performers on the ASX this year.

We expect that the combination of their share buy-back program, lower operating costs and rising international capacity growth will support the share price into Q1 2018.

Investors looking to profit from QAN shares can either buy them outright or buy their CFDs on our SAXO Go platform.

QANTAS