mullokintyre Posted March 18, 2020 Share Posted March 18, 2020 The low life has always been around, they just shift their modus operandi to whatever makes them the biggest buck. Mick Link to comment Share on other sites More sharing options...
cooderman Posted March 18, 2020 Share Posted March 18, 2020 Interesting day ahead. Link to comment Share on other sites More sharing options...
mullokintyre Posted March 18, 2020 Share Posted March 18, 2020 So how do we get our hands on this flood of extra cash courtesy of QE? I am sure people on low incomes would love to get some of it. I have about ten pairs of jocks made by bonds. Would they be sufficient?? Mick Link to comment Share on other sites More sharing options...
cooderman Posted March 19, 2020 Share Posted March 19, 2020 I thought it would be interesting, and it's only part ways through. Link to comment Share on other sites More sharing options...
mullokintyre Posted March 19, 2020 Share Posted March 19, 2020 Not surprisingly, the RBA has cut interest rates by 25 basis points. Equally not surprising is that it is unlikely to make any difference. Before the announcement, AUD had slipped to .5538, the lowest level since 2002. After the announcement, it "rebounded" to .5555. The forex people must have been expecting an even bigger cut. Mick Link to comment Share on other sites More sharing options...
mullokintyre Posted March 19, 2020 Share Posted March 19, 2020 I am betting that the AUD has stabilised for now. Around the 57 handle, 2 cents up from yesterdays intraday low. We know rates won't go any lower (Aus will never have negative rtes). The FED has allowed the RBA (along with a few other CB's) to participate on USD swaps to keep the money flowing. The question is where the hell is it flowing to? Maybe the supermarkets. Mick Link to comment Share on other sites More sharing options...
mullokintyre Posted April 15, 2020 Share Posted April 15, 2020 From that low of 55 cents on march 20 (barely three weeks ago). the AUD has climbed to a high oh 65.5, it has fallen 1.5% in a short time this evening. It may well go down further as the US markets open. it has no love - maybe the reports from the IMF that it will drop6.5% GDP this year was the trigger. Means that gold is back above 2700 in AUD terms, something I rather like. Mick Link to comment Share on other sites More sharing options...
cooderman Posted April 16, 2020 Share Posted April 16, 2020 Some meaningless information took out my trailing stop on short AUDUSD trade. Broker may have got me there. Link to comment Share on other sites More sharing options...
mullokintyre Posted June 2, 2020 Share Posted June 2, 2020 AUD now touching 69 cents. From that low of 55 on 22 March , the AUD has risen 26% isn a few weeks. Pity about the exporters, but suddenly we are in favour again. Can you feel the love? Australia has set a record not seen since early 1970's, we have now had a trade surplus for 12 consecutive months. Gold down 10% from its highs in AUD, but still a reasonable price. This is despite a pandemic, potential trade wars breaking out everywhere, America tearing itself apart internally, and China asserting its power unilaterally. Hate to see what would happen if a real crisis broke out! Mick Link to comment Share on other sites More sharing options...
early birds Posted June 3, 2020 Share Posted June 3, 2020 i kinda think it's about time to short AUD at current level you are focus on it more than i do. try to get your thoughts as how high this thing can go for this up leg?? Link to comment Share on other sites More sharing options...
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