A last minute rally saved the week to give us the benign ending that masked the trials and tribulations in between. The action revolved around the slew of positive economic data, central bank… Continue reading
We are pretty close to the 6 year low of 0.7533 set on 3 April in the AUDUSD despite closing the week relatively unchanged and shorts are building up again as the RBA… Continue reading
The AUDUSD continues to track Mount Everest for the month of May and we are right down to the base camp level now (and I still cannot believe Dark Knight called the high… Continue reading
First, I would like to thank my friend The Dark Knight for his amazing spot on AUDUSD call on Monday for the weekly high in the AUDUSD was 0.8164 against his call for… Continue reading
If you were scratching your head last week watching AUDUSD price action, keep scratching and say Fiddlesticks ! Many a trader died trading the AUD this week. It was the AUDNZD gangster pair… Continue reading
A cheeky interpretation of the AUDUSD chart for the week as a solemn tribute to the devastation in Nepal. And my eagle eyes tell me that the candlestick on 28 April is the… Continue reading
A big apology for the updates because I just discovered that the 1wk change number for iron ore has not been updating. The problem has been fixed. The Australian dollar is not… Continue reading
It would be a fool’s quest to attack Australia and the last time anyone thought about it was during WWII and even the Japanese took a deep breath at that thought. As for… Continue reading
Australian bonds led by the Fed’s noose as the RBA Governor Stevens sees a period of sub-average growth as it undergoes a “major transition”, moving away from its pillar of growth in mining.… Continue reading
“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.” http://www.smh.com.au/business/comment-and-analysis/iron-ore-no-longer-our-biggest-export-20150313-142za6.html#ixzz3UGC22twx The… Continue reading