Moody's warns Australia on credit ratings

Finallly......someone can see how wrong aus economy is...

which state gov in particular?
I think the writer is mixing apples with oranges.....

Yeah its going to bite to, unfortunatly.

sometime they are Asian sometime they are European... what are they?????

"New York, June 12, 2012 -- Moody's Investors Service says that the outlook for Australia's Aaa foreign and local currency ratings remains stable.

Australia's Aaa ratings are based on four factors: the country's very high economic strength; very high institutional strength; very high government financial strength, and very low susceptibility to event risk."

euro/usd up or down...please advice

Australia has no real industry, it is rich in raw materials needed by countries that have industry, so when China's and India's stock piles are full they will cut back on the raw materials they need, because world demand for their products is very low and they are looking for their own domestic markets to drive their economies forward which will require a lot less raw materials than what they have bought from Australia in the past.

Another thing Australia's housing market like that of Canada is expensive in relationship to other parts of the developed world, so I see at least a 30% reduction in housing prices over the next two to three years unless the world economy starts to generate demand for Australia's raw materials.

SELL AUD
"Moody’s: Australia state ratings under pressure"

@Robo Trader - Essentially agree with your points, but merely highlighting the descrepency b/w the fxstreet report & Moody's actual report. However, rating's agencies have been wrong before...

I believe the comments reported refer to individual State ratings which are often lower than the Country rating. This may or may not translate into Country wide ratings in the future.

Robot trader
Our property prices aren't that high.
Check out prices in places like Paris, London & New York

You are talking about major capital cities, I am talking about average sq meter price, throughout Australia.

LOL

It would be much more entertaining if the headline read "Australia warns Moody's on credit ratings"

Good try to create a smokescreen. Moody's can really change investor's moods.

Wow.......just wow......

It is funny to look at some comment boards like this. Suddenly "counter-intuitive" moves are not so surprising. There are no fail-safe indicators, or anything close to it; but betting against retail may be the most reliable thing I've seen in all my time trading.

Moody's should downgrade there own credit rating. They seem to get very bored and downgrade to get market reactions. Yes maybe the aussie should get downgraded at some point in time, but if that is the case Greece should not have a grading at all. Seems like everyone trying there best to continueously manipulate markets. Whats new?

Interesting how a month can make such a change in Moody's analysis and pointed out by Ozefex. Is Moody just moody or is Moody just another financial whore selling their increasingly suspect and worthless opinions?

Only God knows - what you have to do is this a) decide on a basis for for entering trades - this could be based on technical analysis, fundamental analysis, seasonality analysis, cross market flow analysis or mathematical analysis, etc b) convince yourself your approach justifies your reading of the market (however you read it) c) enter your trades (find a means to build in money management - which if nothing else should allow you several trades based on your approach) and keep fine tuning while you last. If after several trades you are wiped out thats what happened and if after several trades you start feeling like a George Sorros thats what happened. However you cannot be what you do not know (i.e., a fighter pilot if don't know to fly planes, a surgeon if you don't know to dissect animals, a trader if you don't know to trade)

I am surprised that you considered the question worthy of all those precious keystrokes.

Moody's has warned the Australia state government that its credit ratings face growing negative pressure. Australia still enjoys a triple A rating.

Well, if its not a typo, they are talking about Queensland, a state in Australia. There is no such thing as The Australia state Government. What idiot wrote that anyway?
However it is a fact that in Australia we have a two stage economy: The one based on the mines and selling raw materials to China, and the other is everything else. As far as everything else goes, it is f**ked. So if China gets a cold, Australia will get Pneumonia.

i thought commodities are king.

Moodys? Rating agencies? Do you mean the same rating agencies that rated AAA+ the most useless and criminally negligent investments that caused people to lose vast amounts of their retirement plans in the USA?

PLONK!!!!

Now, with the MSM losing vast chunks of their viewers, listeners and readers, Moody’s better downgrade their own agencies as worthless shills.

Commodities are king and so is the AUD and that’s change you can believe in!

Not only the USA, I believe they are responsible for features such as the total collapse of Iceland, but I'm sure they were just doing their jobs to the best of their abilities.....