Welcome to Sonray Capital Markets

Sonray Capital Markets is an Australian financial services company (regulated by ASIC) providing access to global markets for Retail and Institutional clients around the world.

By utilising the services of external third party providers, Sonray’s core business is the provision of quality global execution and clearing services through state of the art trading systems and risk management tools.

Sonray was one of the first companies in Australia to provide advice on CFDs and we pride ourselves on our superior customer service across all our divisions.

Our vision is to be an internationally respected facilitator of innovative financial products which provides access to global capital markets.

To find out more about Sonray, and in particular how Sonray utilises external third party providers, please click here.

SonrayGlobal Account Holders

Important Notice!

As previously advised, our Service provider for SonrayGlobal, Interactive Brokers, informed Sonray, that as an Internal Revenue Service (IRS) requirement you were to complete a ‘W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding’ form. This form is required to prevent withholding on any dividends and/or interest earned in your account.

***THIS FORM WAS DUE IN DECEMBER, PLEASE READ THE MESSAGE FROM OUR SERVICE PROVIDER BELOW REGARDING THOSE ACCOUNTS WHOM HAVE NOT PROVIDED A W-8BEN FORM

» read more

News - Aus dollar hits high

Published: July 16 2008 Sky News

Sonray Capital Markets' Clifford Bennett - believes it could reach parity with the greenback within 2 to 3 weeks, IF the US dollar continues to be pummelled.

Read the full article at Sky News 16/07/08

News - Dollar Rally Won't Last

The hours to which the greenback can hold on to its gains are numbered, according to Clifford Bennett, chief economist at Sonray Capital Markets. He tells CNBC's Rebecca Meehan & Maura Fogarty why and where the dollar is headed. 15/07/08

News - Dollar strong but more pain to come

By Stephen McMahon. Published: July 15 2008 Herald Sun

Sonray Capital Markets chief economist Clifford Bennett is forecasting the Aussie could reach parity with the greenback within three weeks as the Australian economy is seen as among the best placed to withstand the US-led downturn.

Read the full article at Herald Sun 15/07/08

News - Sterling & Euro Seen Weakening

The sterling and euro's softness could extend to Wednesday as Clifford Bennett, chief economist at Sonray Capital Markets expects more weak economic data from Europe. CNBC's Stephen Sedgwick & Maura Fogarty find out more. 07/07/08

News - Euro-Dollar Might Hit $1.64

The euro-dollar could hit $1.62 - $1.64 in the next 3 to 5 trading days, predicts Clifford Bennett, chief economist at Sonray Capital Markets. He speaks to guest host, Leslie Phang of Schroders Private Clients, CNBC's Martin Soong & Sri Jegarajah. 03/07/08

News - Fed's Hands are Tied?

Clifford Bennett, chief economist at Sonray Capital Markets believes the U.S. economy is unlikely to see a recovery this year, leaving the Fed with no choice but to keep rates at 2%. He tells CNBC's Stephen Sedgwick & Arnold Gay more. 23/06/08

News - ECB Rate Hike Seen

Eurozone's May CPI rose to a record high of 3.7% on year. In light of this, Clifford Bennett, chief economist at Sonray Capital Markets believes the ECB will likely hike rates in the next quarter. CNBC's Martin Soong & Sri Jegarajah find out more. 17/06/08

Clifford Bennett Biography

Australian dollar to $1.0800 in 2009

First Perspective #62

15 July 2008

The Australian dollar is again on its way to loftier regions. As forecast in 2006 at 76 cents, the Australian dollar is expected to achieve parity to the US dollar in this fine year 2008.

The reasons are the same as they were back in 2006;

China/Asia economic boom creating an insatiable demand for our commodities.
The value of those commodities maintaining a bull trend bias for the same reasons.
Reserve Bank of Australia setting rates at very high levels by international standards.
Sophisticated financial markets and legal system allows Australia to be seen as a long term quality asset of global portfolios.
A long term decline of the US dollar which remains in full swing.

All of the above forces are likely to remain in place for some time. Therefore the Australian dollar can be expected to achieve our constantly forecast targets, including the seemingly more distant potential of a move to US$1.08 in 2009.

» read more