Forex AUD 2020

Discussion in 'Other Asset Classes' started by MTR, 5th Feb, 2020.

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  1. turk

    turk Well-Known Member

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    Yes petrol was a bad example, not because of volatility but because demand has plummeted and you maybe in luck with buying your SUV and prior to this Corona scare demand for new vehicles had dropped away.
     
  2. geoffw

    geoffw Moderator Staff Member

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    And I guess with SUVs the whole Holden situation will completely change the whole demand/supply equation.
     
  3. turk

    turk Well-Known Member

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    Why would you guess that, Holden's market share is around 4%.

    News - VFACTS - Sales 2019

    According to official VFACTS sales figures, Holden sales in November fell by almost half – 47.9 per cent – compared with the corresponding month last year.


    Commodore sales were a contributor to the decline, down by 55.9 per cent to just 309 units.


    With a monthly market share of just 3.1 per cent – its lowest in history – Holden slumped to 12th on the sales ladder, behind the likes of Subaru and Honda, as well as Mercedes.
     
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  4. turk

    turk Well-Known Member

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    The Australian $ has dropped further and petrol still has taken a deeper dive.
     
  5. MTR

    MTR Well-Known Member

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    Yes calling 60 aud
    Expect more drops, Petrol war
     
    Last edited: 10th Mar, 2020
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  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    I earn a bit of income from my websites in USD, but not much.

    However, given the wide variety of online services I use in my business, a large percentage of my expenses are in USD, or are subject to the influence of the USD such that the AUD price will increase if the USD drops (for example - domain names).

    So my business expenses are up significantly with the lower AUD, but not my income :(
     
  7. MTR

    MTR Well-Known Member

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  8. larrylarry

    larrylarry Well-Known Member

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    I will spend in NSW, can't see myself travelling overseas. What if I sneeze? I'll have COVID19 vigilante on me!
     
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  9. MTR

    MTR Well-Known Member

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    In Tassie atm, feeling pretty damn good, no one talking corona. However I expect Tassie will be hit hard, tourist industry??
     
  10. geoffw

    geoffw Moderator Staff Member

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  11. MTR

    MTR Well-Known Member

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  12. paulF

    paulF Well-Known Member

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    At 62.4 and heading down to 61c . RIP AUD
     
  13. MTR

    MTR Well-Known Member

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    A new low
    61.7
     
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  14. namrata

    namrata Well-Known Member

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    Who thinks it's falling below 60? And I thought the days where it was at 70 was bad enough....
     
  15. MTR

    MTR Well-Known Member

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    hit 61 today
    I am actually thinking it could eventually hit 55 now dependent on whether corona can be contained.
    the longer it takes the chances for 55 I believe will be high ?? Time will tell
     
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  16. Kangabanga

    Kangabanga Well-Known Member

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    60 now. Well u got your prediction right. I have been calling for 50c though remmeber? :D lets give it a couple more week.
     
    Last edited by a moderator: 18th Mar, 2020
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  17. GoldCoastBound

    GoldCoastBound Well-Known Member

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    You think it'll keep going down from here?
     
  18. 2FAST4U

    2FAST4U Well-Known Member

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    Aussie dollar at 17 year lows. MacroBusiness are predicting it to go below 50 cents.
     
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  19. MTR

    MTR Well-Known Member

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    wow.... really? I guess the longer it takes to contain virus the chances are it will continue to slip slide
     
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  20. Scott No Mates

    Scott No Mates Well-Known Member

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    Surprisingly, some people see still considering borrowing from OS in other posts. You'd be in a world of pain if you had just seen the aud drop from USD70 to USD61 but if committing towards the bottom of the cycle it would be a different story.
     

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