AUD @.7515
Signs of a weak economy coming through and these consumer confident surveys have proven to be a crock..
Having said that we are relying on the ABS stats dept here so depends which way the wind blows for their dartboard.
Sydney the economic power house of Australia is showing visual signs of slowing with people's purse strings tightening .
Thats the best "barometer" of them all for fundamental trading.
So we have seen the banks hike interest rates for mortgagees in other words gouging in a benign market.
RBA wont be raising interest rates anytime soon.
Bears hibernate for winter ? Not in Australia they wont ..
Prob the trade is Short AUD/NZD ..
Happy hunting
P.S. Just to add that Inflation numbers were mainly influenced by Fuel and health costs.
Oil isnt going to stage a major uptrend anytime soon and Health costs were Pivate health insurance which many Australians are considering pulling out of .
These two items shudnt reflect in next qtr inflation as I think both are 1 off's
Signs of a weak economy coming through and these consumer confident surveys have proven to be a crock..
Having said that we are relying on the ABS stats dept here so depends which way the wind blows for their dartboard.
Sydney the economic power house of Australia is showing visual signs of slowing with people's purse strings tightening .
Thats the best "barometer" of them all for fundamental trading.
So we have seen the banks hike interest rates for mortgagees in other words gouging in a benign market.
RBA wont be raising interest rates anytime soon.
Bears hibernate for winter ? Not in Australia they wont ..
Prob the trade is Short AUD/NZD ..
Happy hunting
P.S. Just to add that Inflation numbers were mainly influenced by Fuel and health costs.
Oil isnt going to stage a major uptrend anytime soon and Health costs were Pivate health insurance which many Australians are considering pulling out of .
These two items shudnt reflect in next qtr inflation as I think both are 1 off's