Australia Dollar well above expectation

The Australian Dollar is performing well on the news of banks being prepared for stress tests by increases in the cash reserve requirements. Westpac was the first to jump the gun increasing borrowing rates by 20 basis points and deposit rates by 25 basis points. Westpac is forcing the RBA to act as economists realise […]

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China – correcting the worlds markets

China has taken active steps to achieve its GDP targets but taking steps to devalue their currency. There are endless side effects but most interestingly and predictably the ASX is taking a dive. With the AUD approaching a dangerous .90 mark against the greenback the RBA is getting its wish but for the wrong reasons. […]

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Greek banks closed and Euro close to parity with USD

The games are as good as over yet for Greece with last minute deals being made and lenders refusing to accept anything less than payments. Mario Draghi and his ECB are not delighted by the weak Euro but they have no tools or liquidity to offer the Greeks. Germany is likewise unlikely to help the […]

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Australian Monetary Policy Meeting Minutes 19th May 15 – Aussie short opportunities

The $AUDUSD has been acting irrationally for weeks now. We are seeing and unexpected strength in the AUD even after negative numbers. This was being fuelled by the US economy losing momentum and China turning down interest rate. The RBA has made indication today however that the Australian Dollars Joyride must come to an end. […]

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$AUDUSD Bulls be aware – dangerous levels ahead.

The $AUDUSD has taken back all its losses since 28th December 2014. The tide seems to have turned and the glossy rise of the USD based on Shale production is dwindling into what seems a short lived bull for the greenback. $AUDUSD is currently trading at 0.8125 with a strong long signal. The next major […]

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Australian Dollar must start falling now

The Australian Dollar was able to maintain footing near the .7970 mark throughout the week but there must be an end in sight. The RBA was not able to trigger the desired effect and if anything triggered a search for .80 in the rally that followed the pitch of Glenn Stevens indicating the end of […]

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The Great AUD Con – rates drop

So traders around the world were astonished and some lost the house when the RBA cut rates. As in with the ECB every time the rate was cut the currency started a fast downward wave as the liquidity in the market increases. But apart from a sudden 40 pip drop the AUD rose by to […]

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AUD taking back all it lost in 2015

The AUD has taken back all its loses since the 22 January overnight bouncing back to $0.8025 against the USD after disappointing numbers were posted during the FOMC meeting on the 29th of April 2015. Most importantly US GDP data well under-performed on expectations and the Feds made no mention of a rate cut or timelines […]

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FOMC 29th April 2015: Is the US heading back towards 2013 woes?

Most recently the US was reporting positive numbers across the range and a large part of the conversation was around interest rate hikes and  a higher interest in the USD Bond market. The FOMC meeting has changed the spectrum of the ongoing conversation with no talk preluding to an interest rate hike or relative timeframe. GDP for […]

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Top Foreign Holders of U.S. Debt – Forex opportunities

According to the U.S. Treasury here is a list of the highest holders in volume of U.S. Debt: JAPAN $1.2245T CHINA $1.223.7T CARIBBEAN $351B BELGIUM $345B OPEC $297B BRAZIL $260B It is not surprising that the two largest nations here have been attempting to lower their currency value vigorously as to increase their debt value […]

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