Yeah, need to watch this like a hawk. A hike might be needed but no hike needed near term. I take this as slightly more hawkish and would have thought the AUD would rally here. Hasn't yet. Maybe more downside

Raise rates

I agree. People thought Frank Ribbery was nuts going to Bayern with offers from BIG clubs but they won the CL and German league has improved a lot. Same could happen to PSG if they get a lot of success with Neymar

Over time, it also reduces the money supply making that currency more scarce and more valuable.

Says Rates are affected by other countries interest rates. Everyone is in low interest environment which is why RBA rates are low.

Good question. I thought the eur/usd could hit 1.15 but now it is just on a tear. I'm just sitting back with popcorn and watching. If the ECB can't bring it down, surely there is still more to go. On current momentum, why can't it hit 1.18?

I believe this: 8. A the same time, a research of Dr. John Forman found that 99.6% of retail forex traders are unable to achieve more than 4 back-to-back profitable quarters.

Paul Tudor Jones once said that a couple/few decades ago when there was no internet and hardly and news flow, decent moves were common and they just had to put it down to a big player/s buying or selling just because. No actual reason other than ...

Vix is clueless! Great podcast from RealVision on volatility. Huge insight, talks about a waitress going long VIX and how crowded it is: video

hmmmmmmm

Just the beginning. The big 4 Aussie banks make 8,9,10 billion dollars profit and everyone claps. Commonwealth Bank has 700 billion total loans, the other 3 banks have around 400-500 billion in total assets or in other words each of the big 4 banks ...

Wazka, I'm on the other side mate. I think EUR/USD is a big short and we go to parity in the next month or 2 and below.

I'm picturing him down in a bomb proof trading room with charts pasted all over the walls and 200Bil worth of long gold contracts.

Maybe Kim Jong is the ultimate FX trader and he's got some big positions on

Yeah he is famous for although picking the GFC, being way wrong on the OZ property crash and having to walk to Mt Kosciuszko with a shirt saying he was wrong. Buuttt..... I saw an interview where he said that Oz's household debt to income was 150%+ ...

EUR/USD currently trading at 1.1007, not much of a move. Prof Steve Keen was on TV last week saying If Le Pen wins, EUR will crash. If Macron wins, it's bad for the EUR anyway cause he is status quo. He wants more austerity, cut to gov spending ...

Yeah pretty much agree with that. I do think one day later on nzd/usd will be a great short.

Record oil shorts = short covering. Plus record inventories and a pick up in USA shale production (albeit off lows). Plus some dollar strength = lower oil. I'm bearish on oil.

Yep, I think we could be in a for a sharp swing up in the nzd/usd short squeeze. After that I think we go into a big down trend.

Gap down about 20 pips. Not bad. AUD/USD to the 60s by year end