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
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
This will be a longer piece because we will be taking a break from Australia in December to concentrate on the 2015 outlooks and to relax in the spirit of the festive and… Continue reading
Iron Ore Completes Fifth Weekly Loss as ‘Worst Is Yet to Come’ http://www.bloomberg.com/news/2014-11-21/iron-ore-heads-for-fifth-weekly-loss-on-global-glut-china-data.html Again we have China coming to the rescue of the AUD dollar with Australia’s own central bank a bystander… Continue reading
http://www.youtube.com/watch?gl=SG&v=waacof2saZw&hl=en-GB Chorus : The things, you sayYour purple prose just gives you awayThe things, you sayYou’re unbelievable Unbelievable stories from Australia : Boozy Feral Pig Steals Beer From Campers, Gets Drunk and Starts… Continue reading
The Australian dollar has had a slammed and dunked week again making it the 3rd worst performing currency in the entire world for the month of September, losing 6.08% against the USD and… Continue reading
Wrong footed Australia would have to wait for another day for the AUD dollar to show any sign of weakening. Longs are building in the AUD position and the last time the market… Continue reading
Continued rumblings in the China growth story as FDI falls 17% and borrowings continue to soar with Beijing becoming the 8th region to issue their own local government bonds for CNY 10.5 billion… Continue reading
Top tiered Chinese banks will hit the domestic bond market for US 21 bio in Basel 3 compliant sub debt as loan growth slowed dramatically. Most analysts are unwilling to relinquish their risk… Continue reading
