Progressive Equity Advisors Ltd

January 24, 2012 Comments Off

The Progressive team has decades of financial markets experience across Europe, the Middle East and Asia. We have successfully worked with dozens of asset managers and thousands of investors helping them achieve their strategic and investment objectives.

We offer a broad range of services and access to a select range of investment funds. So whatever your investment aims are, the Progressive team can help you achieve them smarter, faster and better.

Michael A. Young, CFA
Head of Advisory Services
Progressive Equity Advisors

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Contact Details

January 23, 2012 Comments Off

Progressive Equity Advisors Limited
83 Long Lane
United Kingdom

Company registration number 07882986


Tel UK: +44 20 3239 2215
Tel HK: +852 300 85878

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Market Commentary 18th April 2014

April 18, 2014 Comments Off

Australian Dollar:
The Australian dollar began the day trailing downwards after strong US data the night before had already weakened the higher yielding currency. The Melbourne Institute released the leading index early on in Asian trade however the data had a muted effect which is not uncommon due to most of the indicators being used for previously calculations. As the day continued the AUD drifted higher than the open price against the Greenback as investors waited eagerly on Chinese data that was to be released at midday. The Chinese figures helped the AUD bounce to 0.9369 which was a daily high after the first quarter GDP was recorded slightly ahead of forecast at 7.4 per cent. Overnight the Australian dollar rallied on the back of USD weakness after US Federal Reserve chair Janet Yellen indicated that interest rates in the US would remain low for a significant time. Today the Aussie dollar opens marginally stronger against the US dollar at 0.9376. All eyes will now turn to the local NAB Quarterly business confidence and new motor vehicle sales however the main event will be Philly Fed Manufacturing index and Unemployment claims out of the US overnight. We expect a range today of 0.9330 – 0.9405. « Read the rest of this entry »


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