AUD/USD

Quoting edindzeko

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{quote} The economy isn't/won't be better though. This is all part of the last hoorah. I agree though, just take it short. By the time anyone realizes there is no recovery to be had, we won't be playing the fx game anymore...

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Quoting dab

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{quote} Can you please elaborate on stagflation and why you think it will kick in?

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Quoting lasty

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{quote} Basically Australia imports most things and exports rocks. A weaker A$ will inflate prices. Watch the petrol price rocket and that in itself is a price kicker. Australia's problem wasnt really a strong currency. It is high wages. I dont see growth picking up from a weaker currency. Its a global issue not local. Interest rates are already low by Australian standards. Another cut wont spur. Hence high inflation + slow growth = stagflation

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Quoting Macdon

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{quote} Higher inflation will cause the RBA to raise interest rates, usually. I wonder what that means for the AUDUSD? Usually it means it goes up.

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Quoting lasty

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{quote} When Growth is Strong and inflation high = raise rates When Growth is Weak and inflation low = lower rates When Growth is Weak and inflation high = dilemma Its a treasurers nightmare because you dont know what lever to pull..

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Quoting Master Bones

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{quote} I couldn't agree more with you on those valid points. What an incredible sell off ...WOW!!! Any analysis for sub 0.90's ....anyone?

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Quoting dab

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{quote} Curious what we will be doing instead?

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Quoting andan

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medium term aussie-dollar @0.9250

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Quoting lasty

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{quote}
When Growth is Strong and inflation high = raise rates
When Growth is Weak and inflation low = lower rates
When Growth is Weak and inflation high = dilemma Its a treasurers nightmare because you dont know what lever to pull..

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Quoting Macdon

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{quote} Thanks for that, but I wouldn't exactly say growth is weak in AU. We survived the GFC better than most and we still have many commodities that others want to buy. We also have farmland which countries like China and USA also, want to buy. They also say there are billions of barrels of oil under our central AU deserts. So AU is not finished by a long shot. Some big trader said (details lost to me) when the AUDUSD was about 1.02, that he expects it to go to 0.84 to complete some wave/cycle/retracement etc. before it heads for 1.10. Now I think...

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Quoting Macdon

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{quote} Thanks for that, but I wouldn't exactly say growth is weak in AU. We survived the GFC better than most and we still have many commodities that others want to buy. We also have farmland which countries like China and USA also, want to buy. They also say there are billions of barrels of oil under our central AU deserts. So AU is not finished by a long shot. Some big trader said (details lost to me) when the AUDUSD was about 1.02, that he expects it to go to 0.84 to complete some wave/cycle/retracement etc. before it heads for 1.10. Now I think...

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Quoting Malik taxila

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AUS : I am with Long and My 6 Position On From 9411/ 9415/ 9415 / 9240/ 9215/ and now 9185 Last i gain 3015 Green Pips on Long and Now I am with Lose 1200- I hope I will gain again Greeb Pips waiting for London and NY Chull Bull Chull Bulll............ Its Market Lolllllllllllllll.....................

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Quoting dormin

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{quote} Hi, I am in long too with 4 postions. @9297 @9297 @9295 @9254 All with SL @ 9219 Let's see and keeping fingers crossed. Best Regards, dormin

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