Aussie Still Rising
For those of you who took my advice about the Australian Dollar I hope you are now sitting on a nice profit. The aussie dollar took off yesterday easily breaching the .91 level with the aussie canadian following suit. These moves were partly as a result of the RBA’s tough stance on inflation [...]
British Pound To Take a Pounding
Tomorrow’s post about the British Pound was going to point out that it looked to be forming a very neat double bottom with a strong possibility for a bounce back up to the 2.000 level. However, today’s news that the UK goverment has taken the Northern Rock bank into “public owernship”, ie nationalised may [...]
Dollar, Euro & Yen All Wait For Central Bank Views
Delighted to see the Aussie responding so positively to strong employment data as the market begins to recognise just how it has undervalued the Australian Dollar. As I have explained in previous posts there is at the moment a very strong positive correlation between the price of gold and the value of the Aussie dollar [...]
Aussie Employment Data
To continue with the Australian theme employment figures are due out later today and although a figure of 15k is being forecast should the number come in at 20k or above expect to see a dramatic rise in the Aussie as this would bolster the case for an additional hike next month. This is [...]
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