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DislikedHi DB, deep respects to you. I am a Business Analytics Forex Trader hence i will always put fundamentals as first place then combined with technicals.
Currently, S&P/ASX200 is always directly co-related to the AUD currency. Now its going down in deep speed.
We will see how it goes, seems like the fundamentals are respecting the technicals, or either way.Ignored
DislikedHello, Leticus
What's the time frame of your high correlation? Are they highly correlated on a weekly basis, on a monthly basis?
I went to the link you provided but I can't get the time series.
CheersIgnored
Dislikedfor the trend graph is in the main page http://www.asx.com.au/index.htm
look out for the small graph on your left.Ignored
DislikedIf i was short i would kinda hate that M15 and even more if that m30(s) stretches a bit further. Contained for now though. Look out for usdcad, gbpusd, audjpy to turn somewhere here or ... well i would hate to be shortIgnored
DislikedWill be interesting to see how the most over rated currency, country, economy - aud- fares in the next few months.Ignored
DislikedAlthough I am quoting hornsant, the question is to everyone.
Why do you believe the Aussie is overvalued?
In my opinion, it is currently the country with the best fundamentals and interest rates in the OECD. China might not be at its best, but I believe we need stronger evidence to ascertain that China is going down.
Please let me know what you guys think.
CheersIgnored
DislikedAlthough I am quoting hornsant, the question is to everyone.
Why do you believe the Aussie is overvalued?
In my opinion, it is currently the country with the best fundamentals and interest rates in the OECD. China might not be at its best, but I believe we need stronger evidence to ascertain that China is going down.
Please let me know what you guys think.
CheersIgnored
DislikedWell the housing bubble along with the loosening of the credit standards that automatically comes along with it surely will take it's toll some day with or without china.Ignored
DislikedSpeculating on the repeated dumbness of people is always a winner as there is a 99% group... 99% dumb as shitIgnored
DislikedFor AUD yes but it would need EU/GU along on the lowers. Before that AU will not move anywhere.Ignored