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- redalert replied Dec 10, 2020
Price of iron ore.
- redalert replied Nov 3, 2020
Gone are the days where rates cut used to see a healthy 40-50+ pip fall. If USA wasn't full of covid and subsequent turmoil .60 is reasonable for AUD.
- redalert commented Sep 16, 2020
The predicted is reality. Actual is false numbers held up by government subsidies.
- redalert replied Apr 29, 2020
Basically no Australian economic news has been released for the periods since covid restrictions. Unemployment will show exactly how unhealthy the economy is. It will stay robust because of commodities.
- redalert replied Dec 3, 2018
Nostradamus is that you? Missed you buddy.
- redalert commented Jun 5, 2018
Mining, mining, mining... so much for the 'move away from mining' into innovation.
- redalert replied Jun 4, 2018
It reached 0.7660 15 hours ago, and it is falling. You're describing something that has already happened. Do you think this will get to 0.7660 again?
- redalert commented Mar 19, 2018
Im not really talking illegal sub minimum wage issues. I mean qualified migrant workers taking low ball salaries on jobs that should pay higher for that profession. An example might be a "masters qualified" IT engineer from India taking a 80k job ...
- redalert commented Mar 18, 2018
Its due to migrants willing to work for less than "Australians" hence the lower wage growth.
- redalert replied Jan 30, 2018
The most significant price rises this quarter are automotive fuel (+10.4%), tobacco (+8.5%), domestic holiday travel and accommodation (+6.3%) and fruit (+9.3%). The most significant offsetting price falls this quarter are international holiday ...
- redalert replied Jan 30, 2018
These CPI numbers are gonna be weird. Fuel/Oil will be the kicker.
- redalert replied Jan 11, 2018
I'd be careful. CPI not looking good tonight.
- redalert replied Dec 27, 2017
No decent AUD news for a few weeks. At the mercy of USD and commodities. Boooo. 0.77x was resistance for a long time a year or so ago I think it was rejected at this level about 10 times. Before Nostradamus finally predicted it would break through.
- redalert replied Dec 18, 2017
Iron Ore at 3 month high @ $74/ton. This would be what is holding AUD above 0.76.
- redalert replied Dec 15, 2017
Bullish until parity. - French philosopher.
- redalert replied Dec 14, 2017
It also tanked because of the CPI figure and then the FED commenting that CPI needs to increase for further hikes.
- redalert commented Dec 13, 2017
Jobs for all the 200k+ immigrants. How else are they going to keep the house prices elevated.
- redalert commented Dec 13, 2017
Trump is bad, the policy is ok. Tax break for business means more profits, means business grows, means more jobs. Econ 101. A true liberal capitalist economy. Perhaps the people of the united states prefer a socialist economy.
- redalert replied Dec 10, 2017
We should see another 100 pips south this week if US raise rates. This means the positive swap between the currencies is gone, so I would expect long terms investors to pull their money from AUD. I could only imagine the madness if they don't raise ...
- redalert replied Nov 21, 2017
I think it says nothing we didnt already know. But raises more questions than answers. I think people just overreact when they see "its going to be a rise, rather than a cut". If inflation gets better, if wages get better, if all the predictions ...