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. […]More Info
Australian Budget 15-16 – Brace yourself.
Treasurer Joe Hockey has introduced a few new measures that seem rather extraordinary. But here is how it will pan out and the greatest disappointments within. ‘Netflix’ Tax: It is like all taxes a tax to consumer. GST is to be charged by all overseas companies who sell digital products and services. This is to […]More Info
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 […]More Info
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 […]More Info
Australian Dollar to remain subdued
Assistant Governor Kent spoke at the Bloomberg breakfast this morning in Sydney and the Monetary minutes have given the AUDUSD rate small northbound boost allowing traders to pick up a short influx off around 20 pips. The south train is already kicking in with major issues being pointed out by the RBA. There were no […]More Info
The AUD bears have crossed below .90 – Where to next?
The AUSUSD has crossed over to the dark side today according to traders today.More Info
Traders have rejected Australian Data amidst negative Chinese Data
Australia may have added 10 folds more job than expected and beat improvement expectations in the unemployment rate but traders and investors are not giving the AUD any room to exhale.More Info
Market Alert – 11am Sydney Time – Australia and China Data
The Reserve Bank of New Zealand and the NZD lost ground against the USD today amidst the retention of the 3.5% interest rate.More Info
AUD under pressure
The AUD remains under pressure. Unemployment is creating a good short opportunity for CFD traders since late last week. AUDUSD has lost around around 140 pips since late July with no sign of significant motion for long opportunities. Westpac-MI Sentiment numbers are due on the 13 of September followed by Q2 WPI.More Info