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Post by Mr Oakmont on Aug 12, 2016 20:01:37 GMT -8
This thread is all about General trade talk, whatever it is you want to talk about ( Stay on topic though please )
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Post by dmiller on Aug 26, 2016 14:23:13 GMT -8
Whats going to happen with USD at the moment? I Don't want to sell or buy against the USD after Friday nights episode when it went beserk. Any ideas?
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Post by kichie on Aug 26, 2016 23:36:49 GMT -8
Well.. as said by Shane Oliver, Chief Economist, AMP Capital: "If the Fed continues to delay rate hikes, a break of April's high of $0.78 and a push up to $0.80 is likely for the Aussie,"
However though personally my own thoughts I expect the Aussie to fall over the long term, citing risk of both another rate cut from the Reserve Bank of Australia (RBA) and sovereign rating downgrade.
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Post by kichie on Aug 26, 2016 23:37:38 GMT -8
QUICK UPDATE, I JUST RED THIS AS I POSTED MY LAST POST.
Australian Prime Minister Malcolm Turnbull said on Saturday it was imperative for Australia to cut its high debt levels, urging newly elected opposition lawmakers to support his economic reform agenda when parliament resumes next week.
Turnbull is dependent on their support to rein in a budget deficit projected to reach A$37.1 billion, or 2.2 percent of gross domestic product in 2016/17 after a federal election two months ago returned his Liberal-National Coalition to power with just a razor-thin majority.
"We are at a critical juncture," Turnbull told the annual gathering of the Queensland state branch of his Liberal Party in Brisbane. "By acting together in the national interest we can improve the budget position, stimulate growth and create the industries that will produce the jobs of the future."
Australia is one of only about a dozen countries with a coveted triple-A credit rating from all three ratings agencies - Standard & Poor's, Fitch and Moody's - but they have warned it may be under threat if the country's budget deficit is not addressed.
A downgrade would be a political nightmare after successive governments brandished the rating as a badge of honor. It would also "be a blow to confidence" and could lead to a rash of downgrades for Australian banks and companies, the opposition Labor Party has warned.
The government in May pushed out a return to a budget surplus by a year - the red ink is projected to fade to $6.0 billion by 2019/20, with the aim of returning the books to balance by 2020/21.
To do that, the ruling Liberal-National coalition, which has a slim, one-seat majority in the lower house, will need either the Labor Party or 11 crossbench senators to push through its economic reforms in the upper house when parliament resumes on Aug. 30.
Turnbull urged opposition lawmakers to support the government's planned bill detailing some A$6 billion of savings.
"We have had constructive discussions with all the crossbenchers and we are confident that we can find common ground with them in order to achieve our objectives," he said. "Of course there will be negotiation and compromise."
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Post by Mr Oakmont on Aug 26, 2016 23:49:53 GMT -8
Good read Kichie.
The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary policy conference that the case for a rate increase had grown stronger, while Fed Vice Chair Stanley Fischer suggested a move could come at the central bank's September policy meeting if the economy was doing well.. This is all interesting at the moment. I think we are going to see this pair hit $.80 + in the next few months.
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koozi
New Member
Posts: 7
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Post by koozi on Aug 27, 2016 13:44:25 GMT -8
if interest rates raise this could hurt gold prices a bit to. higher dollar value lower gold value in most cases
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Post by jenny34p on Sept 3, 2016 13:22:14 GMT -8
What about NAS100.. I believe this is going to be a very, very long down trend sometime soon. It is at it's highest since 1997, anyone else watching this?
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Post by Genioustrader on Sept 7, 2016 13:56:01 GMT -8
Whats everyone thoughts on a recession this year? A lot of economists predict late September early October?
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