If Shut down is avoided today we can anticipate some profit taking on USD bears and could swing opposite direction for meaningful corrections on USD
AU has no business going above 80 not with present fundamentals.This should melt down soon.I have been reading and educating myself on Aussie economy and its a ticking time bomb.
WE already saw raise in unemployment and this trend could continue plus with highest debt to household spending in developed economies puts a cap on RBA interest rate decision because raising more and you can have massive effect on consumer spending and that effects GDP and employment plus not mentioning effect on foreclosures.
RBA is likey to cut rate not increase it in 2018 or stay put
AU has no business going above 80 not with present fundamentals.This should melt down soon.I have been reading and educating myself on Aussie economy and its a ticking time bomb.
WE already saw raise in unemployment and this trend could continue plus with highest debt to household spending in developed economies puts a cap on RBA interest rate decision because raising more and you can have massive effect on consumer spending and that effects GDP and employment plus not mentioning effect on foreclosures.
RBA is likey to cut rate not increase it in 2018 or stay put
In trading, you have to be defensive and aggressive at the same time
1
2