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AUD, Australian Dollar Discussion
mullokintyre
post Posted: Sep 1 2018, 08:24 PM
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In Reply To: mullokintyre's post @ Jun 28 2018, 09:26 AM


QUOTE
On the ABC financial report last night, Alan Kohler remarked that the smaller banks have started to increase their mortgage rates (admittedly by very small amounts) in response to an increase cost in obtaining funds. His final comments was "how long until this flows through to the larger banks".
Looks like the next phase is onwards and upwards.


Well, Westpac are the first of the big four to jump (mind you, 14 basis points is atd over 1/8% , not exactly a huge increase).
Given the cost of funds is increasing (at least that is the excuse given by Westpac), ya gotta wonder why the banks still pay such paltry rates on deposits.


Mick



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early birds
post Posted: Sep 1 2018, 02:00 PM
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In Reply To: mullokintyre's post @ Sep 1 2018, 07:05 AM

am not a big whale like you Mick, tongue.gif
i did it for hedging my oversea's position, and the shorts paid me a lot more than hedging so far... lmaosmiley.gif

thank you and nipper, blacksheep, you guys helped me to hunting this one down.



 
nipper
post Posted: Sep 1 2018, 08:46 AM
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Again, the local currency seen as collateral damage?
QUOTE
Australian dollar tumbled more than 1 per cent, falling to its lowest level in 20 months, as the US and Canada ended their trade talks without a deal. The currency pared some of its losses after the US said talks would resume with Canada next week

Lots of reasons for USD to gain, with Trump's populist if simplistic hectoring of all n sundry



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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mullokintyre
post Posted: Sep 1 2018, 08:17 AM
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In Reply To: mullokintyre's post @ Sep 1 2018, 07:05 AM

OOPS, make that the 71 handle.!
Mick



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mullokintyre
post Posted: Sep 1 2018, 07:05 AM
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In Reply To: early birds's post @ Aug 15 2018, 01:27 PM

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hanging around 72cps currently ,
71.40---71.50 is a last but really big support for aud/usd, if it fail to hold then sub 70cps will be "a almost sure bet" from TA point of view.
still hold the shorts

Well , we dropped another 100 basis points last night, the AUD now down into 72 handle.
Given that the leadership "crisis" is over, ya gotta wonder wjat spin they will pt on this one.
You lining up for a nice Bugatti or Roller EB??
Mick



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blacksheep
post Posted: Aug 21 2018, 11:19 AM
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In Reply To: mullokintyre's post @ Aug 15 2018, 05:51 PM

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If the stock market doesn't care about leadership, maybe the currency markets do. The Australian dollar jumped up to US73.45 at 9am, then dropped back down to US73.35 at 9.30am, once Malcolm Turnbull was declared winner of the vote.




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mullokintyre
post Posted: Aug 15 2018, 05:51 PM
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In Reply To: early birds's post @ Aug 15 2018, 01:27 PM

Hang in there EB, retirement beckons!
Mick



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early birds
post Posted: Aug 15 2018, 01:27 PM
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hanging around 72cps currently ,
71.40---71.50 is a last but really big support for aud/usd, if it fail to hold then sub 70cps will be "a almost sure bet" from TA point of view.
still hold the shorts




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blacksheep
post Posted: Aug 13 2018, 12:27 PM
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In Reply To: blacksheep's post @ Jul 25 2018, 03:41 PM

QUOTE
Short the Aussie as Worst Is Yet to Come, Top Forecaster Says


It's arrived
Australian dollar falls to an 18-month low as Turkish tensions rise

QUOTE
The Australian dollar has fallen to an 18-month low against the US dollar, as worries about an impending financial crisis in Turkey prompted selling in the currency with strategists warning of more downside ahead.

https://www.afr.com/markets/currencies/aust...20180813-h13vwa



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
early birds
post Posted: Aug 11 2018, 12:01 AM
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In Reply To: mullokintyre's post @ Aug 10 2018, 05:22 PM

yeah mick
the support is broken , looks sub 70's is more likely thing within few months
still holding my shorts. tongue.gif



 
 


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