Australia Focus : Not All Is Lost
“Australia’s high-value services exports, led by tourism and education, have overtaken iron ore to become our biggest foreign exchange earners. Services exports now are worth more than coal and LNG combined.”
It looks like we will not see too many European tourists in Australia anytime soon. However Indians and Chinese should be finding Australia cheap these days which is good for the economy, migration and investments. It is simply just a nice place to live in. https://tradehaven.net/market/fx/australia-focus-the-real-estate-romance/
The weekly stock market chart has been eerily accurate delivering my prediction of correction.
I think it is time to give Australia a break as we head into Spring next week on the 20th. We have the RBA minutes on 17 March (830 am SG time) and Governor Stevens will speak on 20 March in Melbourne (10:10 am SG time).
And of course the most important FOMC of our lives (note that each FOMC will be the most important going forward) on the 19th.
The risk of market pandemonium is high but we really do not know what to expect when it erupts.
Good luck !
Indicative prices of AUD bonds