Australian Dollar 2016

But it goes both ways, you could be stuck with them if it didn't go the way you hoped?

 

I just keep them all the time, that's why USD is called the "backup" currency.

 

Would it be safer to buy gold when it's low and sell when it's high?
Aussie dollar has increased again.

 

Maybe. But gold isn't at it's low.
Why Aussie dollar rises is a mystery to me. All economical data is bad day after day. A spike in iron ore is speculative and temporary, RBA rates are falling, CPI is close to zero. The only thing is going against USD is trump fear. America's economy is doing a lot better then our economy.

 

I guess if it was predictable, it would be pretty easy to make money on it.
I'm sure someone's making money, but it's not like someone is manipulating the market. Surely.

 

Basically my sentiment as well. I've been very confused with the AUD value for the last 12-18 months now.

Blacky

 

Agreed why the AUD is still so strong! I'm holding $50kaud in usd for past few months and still waiting for it to drop!

 

Sounds like a certain member waiting for "the Australian property market" to crash

 

AUD is a mystery to many now.

Australian dollar remains a yield magnet for investors despite rate cuts

"CBA is expecting another cut by the RBA in November, following the release of the third quarter inflation data, with a year end target of US73¢ for the currency."

 

Back above 90c and 0.75 Euro please, some of us want a higher AUD. Surprising how many want it lower.. I suspect it´s more because they have assets/income in USD rather than any concern for the Oz economy, one of those "faux concerns", like people against negative gearing reform argue "it will push up the rents on the poor renters" (it won´t), when in reality they don´t give a stuff and would like higher rents and income tax reduction.

 

As stated in article AUD & NZD still relatively high I/R economies. -ve I/R in some economies (Europe). Rate cut was priced in already & US economy is not improving & US Fed I/R increases not as fast as previous expectations.

 

Will be interesting to see what comes of this:
ASIC reviews investment banks and the result is not pretty

 

And this:
Government, public concern over sale of Ausgrid to China

"CONCERNS over the sale of the country’s biggest electricity distribution grid to a Chinese consortium has not only the public worried, but MPs from across the country who believe we could be opening Pandora’s box by allowing the Chinese control over such a large Australian organisation."

 

I am flabbergasted that we have even got to this stage in the first place, considering such a move. What a stupid country we are.

 

Tell me this is a joke? Please!!

How can we possibly be so daft as to simply sell ourselves.

Personally I think we need to seriously review our policy on allowing foregners to buy any real asset. Be it land, infrastructure or business.

Blacky

 

It's back up now and seems like it will break .77 . Back to May pre rate cut highs!

 

Don't understand at all where the yields are now. European money?

Whats the end of this rate cut competition then.

 

Not sure how this is working as historically IR fall, Au$ falls, here is an update

Having sat below the 0.75 US Cent handle only one week ago the Australian Dollar enjoyed continued upside momentum through trade on Tuesday, reaching intraday highs of 0.7686 when valued against its US counterpart. In what’s likely to test policy maker’s tolerance, the Australian dollar’s resilience has corresponded with record low levels of monetary easing. Supported yesterday in most part by stronger than expected PPI and CPI prints from China the Australian dollar opens in a stronger positon this morning as it currently buys 0.7672 US Cents. Attentions now turn to RBA Governor Glenn Stevens as he prepares to deliver his last address as head of the Reserve Bank. Investors will be keenly attuned to insights into future monetary policy and a snapshot into the plans of his successor Philip Lowe. In what shaping up as another steady window for the Aussie we are watching resistance levels at 0.7680 and 0.77 as barriers to further AUD upside.

 

Just read the CBA results.

The thing I picked up out of all of it was this one little peice

"Loan impairment expense jumped 27%"

Please just wait a moment while I lean over and ring this here warning bell.

They brushed it off saying a lot of it was in mining and resources. However, I don't buy it.

At this point many of these facilities will be just impairments - not yet losses. Expect to see an increase in companies going into liquidation/administration over the next 12months.
Things are going to start getting ugly.

Blacky

Ps I don't own shares in the company I'm just a finance geek.

 

"As long as the differential in interest rates remains intact support for the Australian dollar should continue with resistance forming on moves toward 0.7835 and 0.79."

yeah welll