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

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News - Retail slump points to rate cuts

Published: August 01 2008 Herald Sun

Sonray Capital Markets chief economist Clifford Bennett yesterday said the Aussie would remain under pressure in the short-term as financial markets readjust to the RBA's next move being a rate cut.

Read the full article at HeraldSun.com.au 16/07/08

News - Edging toward the precipice for US economy

Published: July 31 2008 written by Clifford Bennett

With Merrill Lynch & Co’s write downs rising to US$18.7 billion over just twelve months, with the latest quarterly addition being US$5.7 billion, the writing is on the wall, and the pavement of Wall Street, that things in the financial district may just still get worse before they get better.

Read the full article at Compare Shares 16/07/08

News - Relief as oil cools

Published: July 26 2008 Herald Sun

Sonray Capital Markets chief economist Clifford Bennett expects oil prices to consolidate in the $US120 range for several months.

"We are close to the bottom of the oil price falls as most speculators have unwound their positions after getting ahead of the market," Mr Bennett said.

Read the full article at HeraldSun.com.au 16/07/08

News - Where are interest rates headed?

Published: July 22 2008 FatCat.com.au

The RBA is likely to keep rates on hold for the rest of the year and beyond, says the chief economist for SonRay Capital Markets Clifford Bennett. However, he doesn’t rule out a rate cut around December or next year. “I think they’ve (the RBA) underestimated how severe the slow-down is in the domestic area of the economy, and that is, to some extent, being disguised by the ongoing export strength, which will remain quite robust.”

Read the full article at FatCat.com.au 22/07/08

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

Clifford Bennett Biography

The Australian Dollar’s ability to surprise!

First Perspective #67

8 August 2008

This sharp decline in the Australian dollar may significantly delay RBA rate cuts, due to its inflationary impact.

The Australian dollar, along with most other currencies and the major commodities, has fallen badly over the last three weeks against the US dollar. It seems we are experiencing a sell anything that benefited from prior US dollar weakness theme. This is a massive squaring up of every long bet in any market that was held against the US dollar. Perhaps there is a story behind the scenes that we may one day discover, but in dealing with markets at the moment, there is no sense standing in front of a freight train. It is a question of momentum.

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