hi traders ,i would like to start a wholly discussion about examination and forecasts for economic indicators of Australia in beginning every week
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DislikedIgnored
DislikedTHE only coment on the Aussie economy i can make is the present , oversees contracts for the mining , prices are locked in and sales are exceeding expectations, the current indications are for the wheet and agricultural look extremly good at the current stage, interest rates appear to be rising rapidly and there are no signs of reducing, empoyment is still very strong.
the impact on the housing market will be severe due to rising interest rates due to the impact of the us prime market drying up money supply.
thats is my current opinion to our market , supported by the local news and
how i see the current economy.
so for the next few months i can see a rising aud against the usd.
the experts can understand the long term implications but for us this short term assesment of the current Aud tells me the Aud is lickly to rise
From BrianIgnored
DislikedYES CHINA is investing into BHP. this only confirms the contiuing mining boom which is driving the Aud. THE PRESENT INDICATIONS IS FOR A VERY STRONG AUD, AS inflaton is the problem and quite serious causing interst rate hikes up to try and contain this inflation. w
ith theminining developing hugh cash flows into the AUSTRALIAN ECONOMY AND the treasary pockets which are bulging at the seams.
WE have the opposite to recession therefore logic dictates the Aud will remain strong. now with the current drought broken and the world price for WHEET ECT,THE FARMERS ARE PREDICTING A GREAT year ,due to the higher wheet prices,
THE only downside as i mentioned is the housing market,which is made worse by our inflationrate hike and high interest rates which in the longer term will start to impact on the Economy.
the employment figures support with the minning boom continuing lowering of unemployment figures as Australia is encouraging migration(skilled to fill these hugh gaps for skilled workers )
SO with the inflationary pressures and THE supporting hugh goverment surplus its hard to see for the next few months any thing but continuing strong Aud to currencys that have exactly the opposite conditions
THats my opinion ,i may be wrong im certainly no economic forcaster
its only what i read and see on our current News and observed our local prices and bank interest charges
From BrianIgnored
DislikedThe major influence in the AUD is the RBA (Reserve Bank or Australia) after the last meeting they left the rates on hold. we talk of rates dropping. this was the main reason for the aud to fall so fast against the usd.
some of the real drivers in the Australian economy are metal prices as Australia is a miner. mining boom = Australian boom!
cheers
JosephIgnored