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Dislikedhttp://www.fxstreet.com/news/forex-news/article.aspx?storyid=7681d706-01b0-4219-b3a6-2049c5dc136eIgnored
DislikedThis news came out last week, but the RBA minutes released yesterday which were to do with keeping the cash rate at 3.5% did not seem dovish hence the market rallied yesterday. However export industry pressure groups have been pushing for the RBA to do something about the strong dollar, luckily unlike most developed countries Australia can lower and keep lowering its interest rate to stem the strength of the Aussie, but bad data from China will do most of the job for them should China ever tell the real truth about how strong their economy really...Ignored
DislikedI may not be an expert in Economics, and know very little about it, but if I were them ChinesePandas.. If lying about weak Chinese data can make Aussie lower their currency value (e.g. cut rate), then wouldn't that make it beneficial for China since they can purchase commodities at a lower cost?
Does that perhaps make any logical sense?Ignored
Dislikedhttp://www.fxstreet.com/news/forex-news/article.aspx?storyid=318fd02a-6ca0-46bd-81ca-e1bd64115880Ignored
DislikedBad Chinese data will help the RBA in that it will not have to cut as much and therefore leave some meat on the bone for later.
Regarding the commodity prices that China pay for Australian raw materials they will more than likely be locked into a contract at a fixed rate of exchange which will have been set a few years back, therefore the mining sector will not be making anymore profit out of China due to an high currency other than perhaps shipping costs being cheaper.Ignored
DislikedIs that an Ausi dust storm I see brewing or a stampede of wild bulls coming?Ignored
DislikedHi.
Will this sound crazy?:
- potential entry on about 1,0410 or lower (PA will tell)
- entry for long till about 1,06 or higher
The confusing part is, gold can top at 1650, but than should fall like rock. Normally those two move simmilar, but this time they would decouple big time (wouldn't be the first time thogh...).
Thoughts?
BRIgnored
QuoteDislikedBHP Billiton has taken the axe to more than $US30 billion in spending on Australian expansion projects, in the clearest sign yet that the nation is past the peak of its resources boom.