Margin Forex, CFD, Equities and Futures Trading Australia - Sonray Capital Markets

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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.”

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

Read the full article at SkyNews.com.au

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 - Dollar Rally Won't Last

View the videoThe 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 - 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

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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

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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

View the video

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