No. Both of you are mixing up correlation with causation.

AUD/USD

Contractionary and expansionary monetary policy are terminology of money supply. I don't know any fifth graders who know about money supply, but those who I've spoken to about money supply generally agree that nominal interest rates are only at best ...

AUD/USD

Whatever mate, I'll bother replying again when you post a single fact to back your statements. Maybe you need to read Statement on the Conduct of Monetary Policy released in 1996 by the then RBA Governor joint with Federal Treasury, as well as ...

AUD/USD

I already highlighted the other reason: we are a commodity export economy. Look. If you want to pay the people working in mines and factories in AUD, above the AUD minimum wage (and we pay these people way way above min.) then expect an inflation ...

AUD/USD

Here is 3 charts from the last few years that I have had no trouble making economic sense of: image image image Or you could just check the ABX.HE index prices daily: url

AUD/USD

This is "peak credit". The normal rules do not apply..

AUD/USD

To import inflation from the US, mostly. i.e. "keep the consumer credit economy going".

AUD/USD

That's the problem with "economically correct", it has no basis in reality. Otherwise you should be able to provide at least one reference or example for your claims. Same reason my father (who is a professor in macroeconomics) and me argued ...

AUD/USD

I will say it again: Australias inflation target is completely legitimate and the result of a sound monetary policy. This is not the US or UK or Japan. We have a manufacturing base (which is unfortunately shrinking), and strong commodity export ...

AUD/USD

Deflation is a credit based economies worst nightmare. It means paying off your debt at the full price. If you can inflate, the debt will be paid with inflated fiat. Japan has been trying to fight deflation for 20 years to no effect. If the US ...

AUD/USD

Sort of, but not really. Certainly not since 2008. I doubt you will be able to show any case where loans/debt decreased over the last 10 years in Australia as interest rates went to decade highs. But I can definitely show you loans/debt decreasing ...

AUD/USD

Good call. Not sure if my 80.45 is the same as your 80.45 but I marked it on this H1 with period seperators.

AUD/USD

Respectfully disagree. USD has been playing by the rules for weeks. Most recent reversal/resistance test was even almost perfectly on time with the latest fibo timezone. 76.4 fib fan almost perfect match to upper blue TL. Also (not shown on the ...

AUD/USD

Your sarcasm betrays your ignorance. Any country with a Central Bank is a big player on the market place. In fact, the whole market is pretty much set up to facilitate CB orderflow. You really think Tokyo and China are the only ones providing ...

EURUSD

Just not willing to discount the possibility that all this current fear is manufactured before the "inflation" leg up. The Fed doesn't want a stronger dollar, basically the only way bears will make money in this environment is to bet that events ...

AUD/USD

Have a good weekend.

AUD/USD

Anyone see this? LONDON (MarketWatch) -- U.S. stock futures were flat Friday, as worries surrounding the economy's health, interest-rate policy and sovereign debt continue while American International Group reported a multi-billion-dollar loss. ...

AUD/USD

I am not against you, thoroughly enjoy discussing opposite viewpoints. So far, this year has certainly not been a loss on my book.

AUD/USD

The problem is we tested the upper blue line and receded. That means 80.7 zone is still resistance. If it breaks below the red channel line, will you still be bullish?

AUD/USD