DislikedAustralia has bad Retail Sales data for 3 months.
Two consecutive bad CPI.
Employment tappering with even an increase of 0.4% in unemployment.
All these points to a No Rate Hike in the next RBA meeting.Ignored
Old Habits Die Hard.
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DislikedAustralia has bad Retail Sales data for 3 months.
Two consecutive bad CPI.
Employment tappering with even an increase of 0.4% in unemployment.
All these points to a No Rate Hike in the next RBA meeting.Ignored
DislikedAustralia has bad Retail Sales data for 3 months.
Two consecutive bad CPI.
Employment tappering with even an increase of 0.4% in unemployment.
All these points to a No Rate Hike in the next RBA meeting.Ignored
to have better understanding of big picture,look at the cart attached.
DislikedInvestors don't care about Australian market too much because this part obviously hasn't big contribution in Australian GDP.
What is very important is:
- Government don't need bailout
- Banks performing good/healthy
- Government bond yield are in positive territory
- Stock market is also in favor
- most importantly they got second Gold exporter in ranking
[list][*]and finally China, as long as Chinese PMI is good then Australian wrecked to Chinese locomotive...
Ignored
DislikedHey, today's Casey's Dispatch has that chart too. However, there is one glaring question: When, not if or perhaps or might, China tightens or even flounders, what would Australia have? In a sense, that makes Aussie the riskiest asset than anything else. All it can ride on is risk appetite. When risk is off, it would jump off a cliff. And a domestic housing bubble to boot.
Early on someone said Australia is an island and so the current island price is not pricey. By the same token, one can also perhaps say that the US is also a big island, which...Ignored
DislikedInterest rate unchanged is expected, what matters are the comments, or a surprise.Ignored
DislikedGood points!
first of all Casey's dispatch took it from here and they mentioned their source too.
China is one of the effective factors driving Australian economy.I read somewhere is has just 5% direct contribution on Aussie's GDP.
as a matter of fact, china won't collapse overnight or market doesn't turn to risk off or risk on instantly.of course we should consider...Ignored
DislikedUS politicians should perhaps count their blessings that CNY is not floated and not appreciated, they were just trying to find a scapegoat and muscle in for political capital. Given China's real domestic situation, were its currency floated and appreciated, the world might be disappointed to find that it is in fact over-valued and needs devaluation, which would cause massive chaos.
IMO, many of the bullish sentiments spreading around now are based on little more than mirage or dilusion. But that's another matter altogether different.Ignored
DislikedUS politicians should perhaps count their blessings that CNY is not floated and not appreciated, they were just trying to find a scapegoat and muscle in for political capital. Given China's real domestic situation, were its currency floated and appreciated, the world might be disappointed to find that it is in fact over-valued and needs devaluation, which would cause massive chaos.
IMO, many of the bullish sentiments spreading around now are based on little more than mirage or dilusion. But that's another matter altogether different.Ignored
DislikedAs someone who visits China from time to time, I can say with decent confidence that their currency is undervalued on world markets at this time. I can also say, many of their workers are underpaid, but that is changing.
It is the forex market... one currency is always bullish in comparison to another. The best of the worst.Ignored
QuoteDislikedFollowing the Board's decision last month to lift the cash rate, and the subsequent increases by financial institutions, lending rates in the economy are now a little above average. The Board views this setting of monetary policy as appropriate for the economic outlook.
DislikedThat's understandable from a foreign visitor's perspective. And it's undervalued on world markets because no world markets would be able to price in the 'real' domestic situation as they simply would not know, and won't be able to find out. I said it as someone who knows China inside out and has many friends live and work there, and running business there.Ignored
Dislikedthe statement is hawkish, you gotta be careful![/QUOT
they are scared of the euro contagion,and the housing prices have fell by 10-20k,because of high interest ratesIgnored
QuoteDislikedFor Australia, the terms of trade are at their highest level since the early 1950s, and national income is growing strongly as a result. Recent information indicates that, as had been expected, private investment is beginning to pick up in response to high levels of commodity prices.