wow aud/usd falling slowly and steady and more pips tnahks
AUD Trade Balance and AUD Retail sales 6 replies
DislikedI know there's this chance, but it still sounds strange to me that in such global conditions Australia is considering to move rates up from 3%
I am afraid Australia is quite too optimistic about his economy, maybe US lesson should be better learnt.
Also, will such a strong AUD really be good for a further recovery?Ignored
Dislikedcould not agree more with you, the jobs ad here in australia is encouraging but still lot of people try to find jobs, run up price in aud/usd , perhaps speculation?Ignored
Once the Australian government stimulus is dropped i.e 50% tax bonus for business to purchase captial items i.e vehicles, and also the 30k first homebuyers bonus, we will see where the enconomy lands. Currently their is a great deal of optimism in a number of sectors, the rise of sharemarkets around the globe seems to assist in this general confidence in economy.
Personally I think confidence in the economy will erode if Wall st heads sharply lower, dragging down confidence, increasing margin calls in a falling stockmarket etc etc.
DislikedMy apologies of getting the number wrong (home grant) I am waiting for the AUD to break below 60 US cents, you could be correct regarding the 90c level, however my personal opinion is that the AUD will really tank at some stage, buyers can quickly dissappear when panic is the order of the day, the AUD is till in a rising wedge pattern on the monthly chart, if pattern confirms a large drop should eventuate, I personally am encouraged when people say I doubt things will happen, last year when the AUD tanked from 98 to 60 cents the majority were looking...Ignored
DislikedFrom Forex Insider:
Bearish divergence in AUD/USD hourly MACD suggests short-term top is in... by 0.8840/45 -- needs back below 0.8770 to shift the focus lower.Ignored