John From Moneycorp Posted February 28, 2012 Report Share Posted February 28, 2012 The three colonial commodity dollars stuck fairly closely together, all falling about 0.8% behind the pound and the US dollar. With the Japanese yen still under the cosh and the euro enjoying a bit of a renaissance, the trio was out of the headlines and left by the wayside. Australian economic data failed to come to the Aussie's rescue, even though they were not at all bad. The Conference Board's leading index (which aggregates forward-looking statistics to predict the course of the economy) and an equivalent leading index from Westpac both swung from negative to positive, implying future economic expansion. The wage price index was steady in the fourth quarter of 2011, with growth at an annual 3.6%. The salient figures this week cover new home sales, building permits, retail sales and manufacturing activity. Quote Link to comment Share on other sites More sharing options...
smilingsenthil Posted March 1, 2012 Report Share Posted March 1, 2012 John, I'm new to this thread and currently living in Singapore. Planning to migrate to Australia (preferably perth). I'm a software enginner by profession and active part time trader in Forex/Commodities and select US stocks. Looking at your posts , I get an impression that you are either a independent trader or you work for a financial organisation or a big brokerage firm. Can you pls throw more light about yourself please. Also, I want to know the tax structure in Australia if I decide to work as a FULL TIME TRADER. Is there any way to minimize the taxes by setting up a home based office and showing up the expenses or whatever ? As it is , in Singapore there is no tax for capital gains and I'm afraid in Australia one has to pay a lot (not sure how much)...Please help me with information which will be really useful for me. Quote Link to comment Share on other sites More sharing options...
John From Moneycorp Posted March 1, 2012 Author Report Share Posted March 1, 2012 Hi smilingsenthil Thanks for your message. I work for Moneycorp who are an international foreign exchange and payments specialist - we assist those making international money transfers and help them receive the best exchange rate. Moneycorp work closely with Perth Poms, and other forums, helping their members send their money overseas cost effectively. On your tax question, this is not an area of expertise for us – I would recommend you speak with a tax specialist company or someone on the forum may be able to assist. Kind regards John Quote Link to comment Share on other sites More sharing options...
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