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| Posted By: Mike Posted On: Sep 28, 2009 Views: 5422 | FX Heading for parity and beyond. |
| Posted By: Eddie B Posted On: Jul 8, 2009 Views: 6449 | AUD/USD/SGD I have to make a decision on what currency I want to be paid in. Very confusing at the moment..I am an Aussie living and working in Singapore but have investments (Housing) in Australa. I have no idea what the USD v AUD is going to do over the next 6 months let alone 2 years....any worldy advice would be appreciated. |
| Posted By: Farrukh Kayani Posted On: Jun 21, 2009 Views: 6722 | Aus/usd will be soon at 50 cents according to my studies of graphs and analysis i expect a decline to aud in next 2 months.I do agree Aus $ has strong fundamentals but lets not forget in currency market, your economic fundamentals don't matter much.Usd $ will jump up again as this is part of correction as i see it.It all depends on what USA wants. or if you believe economic fundamentals control the currency then GBP should lose 20% of its value.so to those who think aus $ will be around 75.. and reach 95! i don't think so.Lets hope for the best but many in USA wans us $ to strengthen and if they don't strengthen usa dollar soon, Chinese are going to be mad at usa for letting this investment go ruin and Usa won't like to see an upset China. |
| Posted By: Adam Posted On: May 19, 2009 Views: 7185 | AUD won't die "I predict a slow decline to the mid 55 cent range of AUD to USD in the next 6 months." - Good call Ron : ) I think we all need to take a breath here, in reality the economic situation in Australia isn't all that bad, showing a slight downturn in the global climate is to be expected. At .95 the AUD was over performing and I think we're now seeing a correction around .75 seems to be a realistic level to move around for the imediate future. |
| Posted By: Paul Gondwana Posted On: Mar 26, 2009 Views: 8180 | US$ heading south - big time Well if our last two commentators listed below - Farrukh Kayani and Ron Aaron sold the Aussie dollar short, then they have "done their dough" as we say in Oz... Sorry fellas... Much of Farrukh's comments are not correct -"eastern suburbs" real estate has been coming down in price for 3 years but the average three bedder in the western suburbs is selling well. That's because people in OZ live more frugally than those in the opulent and energy hungry US. The Rudd government has opted to spend $45 billion of the surplus and that's been approved long ago. It has not "gone into the red" as yet. What would Farrukh and Ron say about debasing the US$ now with the FED Reserve actually announcing that it will be monetising the US debt. If that isn't willfull debasing of one's currency - what is! The devaluation of the US$ is being engineered to make their $13 trillion debt easier to pay off with inflated US$... As a result many currencies world wide are headed north while the US$, that has been kicking all those currencies around for years, is finally headed south for a long, long time. In the land of OZ (Aust)the banks are in a very good state since they operate much more wisely than those in the US. In OZ there are no toxic derivate bank products and fortunately OZ banks did not buy into the sub-prime rubbish. I ask you, who in their right mind would invest in the US knowing that their Federal Reserve is in bed with large bullion banks who engineered the massive sell-off in commodities back in July 2008 because investors and fund managers were not buying treasuries or bonds (which was killing the US$) but instead were investing in commodities. A fine example of manipulation, dishonesty, greed, lies and confusion...this is Babylon at its best. As a consequence, panic selling flowed across to the stock market (although I don't think they intended that) and the rest is history We have the financial crisis. Now the FED has paniced and to monetise the debt means to devalue the US Dollar - which results in inflation for the US, big time. Gold, silver, oil and currencies on a gold standard will be going to THE MOON... Australia is a resource rich country - China and India will be buying it's resources for many, many years. Here in OZ we can almost forget that the United Snakes even exist... May those who walk in honesty and truth and live within their means be blessed. |
| Posted By: Ron Aaron Posted On: Feb 15, 2009 Views: 8892 | AUD in decline Being in Sydney at the moment, I see an overall feeling of caution amongst the general public. People seem to be holding off on purchasing big ticket items. The real estate market seems to have lost steam, and over-priced homes in the famed "eastern suburbs" are not reaching their minimum reserve prices at auction. On employment, I am seeing a greater number of layoffs. Part-time positions are available, but good full-time positions are harder to come by. The Rudd government keeps trying to pass new stimulus plans, which I feel will weaken the AUD even more. Being a labour government (parallel to democrats in the U.S.), they favour higher tax and spend policies. Rudd inherited a 90 Billion surplus from the Howard government, and that's all been spent. Now they'll have to go into the red to keep things going. With exports of raw materials to China on decline, it's going to be tough for Australia to come out of recession. Banking and insurance also seem to be having a hard time as well in Australia. In summary, I predict a slow decline to the mid 55 cent range of AUD to USD in the next 6 months. |
| Posted By: Farrukh Kayani Posted On: Feb 11, 2009 Views: 8958 | RBA might like cheaper aus $ too it seems like every central bank in world wants to let it currency fall except usa and for that reason now BOE has also clearly said that they want "cheaper gbp/usd".so i think Australia will follow the same.Lets see the next few months once aud/usd breaks below .60 then heading for .50.. |
| Posted By: Oscar Posted On: Feb 6, 2009 Views: 9035 | is downfall finished for Australian dollars? any one have idea about AU dollars? |
| Posted By: Farrukh Kayani Posted On: Feb 3, 2009 Views: 9084 | now after rate cut? what are your ideas on aud/usd now after rate cut.that is i think 55 years low interest rate.will it easily slide to 50 cents per dollar now or move up? |
| Posted By: Farrukh Kayani Posted On: Jan 31, 2009 Views: 9079 | aud/usd to fall 15% Jan. 30 (Bloomberg) -- The Australian dollar may fall as much as 15 percent by the second quarter as the central bank cuts borrowing costs to a record, before recovering in the second half of the year, Standard Chartered Plc said. |
| Posted By: michael Posted On: Jan 16, 2009 Views: 9392 | aud/usd to go down i think it should fall again soon to new lows near .52 because australian bubble is over and australian is going down the slide.china is slowed down that means australian exports will fall freely plus australian economy is likely losing jobs so down for aus $... up goes the us $ long us $ short aussie $ if u invest in aus $ , u r investing in a country which depends on exports and it has NO exports right now in recession only usa can lead now, |
| Posted By: Paul Gondwana Posted On: Dec 28, 2008 Views: 9768 | Resource Rich Australia So the rigged COMEX beating down gold prices vs a monster rally in the dollar has COME TO AN END. The collapse in commodities and bounce in financials orchestrated by the Fed and Treasury in conjunction with the CFTC and SEC to screw people who were long on commodities and short on financials has also COME TO AN END. And the "Nadlers" of the markets will have you belive that the US$ is the safe haven - NOT GOLD or SILVER.... manipulation, dishonesty, greed, lies and confusion...this is Babylon at its best. My common sense tells me that gold and silver remain the ultimate safe havens - that's why we are seeing record high demand for physical gold and silver in 2008. You can't get your hands on gold coins or silver rounds these days without paying premiums of up to 25%! Still COMEX gold or silver prices do not reflect this -dishonesty, confusion, manipulation.... The commodities bull will be up and running soon - even stronger than before after this artifically false "recession" is behind us and since Australia is rich in many resources - including gold, silver, copper, iron ore, bauxite, uranium and the list goes on.... Watch the aussie dollar FLY. The world will soon start to off load many US$ big time and inflation will errode it severely as well. Mr. Aaron's comments below are false, he does not know what he's talking about. A 5.75% rate for Australia is not high, the drought has been over for 18 months (positive SOI since July 2007), real estate prices have been coming down since Jan. 2006 and its a great time to buy, people are allowed to hose their lawns in capital cities but they don't. They have learnt to respect precious commodities - water included. May those who walk in honesty and truth and live within their means be blessed. |
| Posted By: Paul Gondwana Posted On: Dec 13, 2008 Views: 9982 | US Wall St greed The unsatiated greed on Wall St. unfortunately has created the financial crisis the world is now experiencing. The US is in for a long hard slog for the next 10 years or so until all the inflated wealth created from the sub-prime and derivative bubbles has been exhausted. The massive printing of dollars will only compound the problem and create painful inflation for the US. As a result the US dollar is going south for a long time. The US$ has shot itself in the foot. I'm long on the Aussie Dollar since the economy is sound and the country has not created any artificial wealth creating bubbles. Go you little aussie dollar - Oy! Oy! Oy! |
| Posted By: Ron Aaron Posted On: Nov 5, 2008 Views: 10801 | AUD USD I think the AUD is still overvalued. It should go back down to $0.60 to the USD or even less. There is less demand for their raw materials [China, their biggest customer, will be buying less raw materials as their economy slows as well], they are also having higher unemployment, and there interest rates are still too high in the global economy, even with the latest 0.75 percent reduction in interest rates to 5.25%. Also, their residential real estate market is way overvalued. A home that costs U.S. $650,000 in Los Angeles, costs $AUD $2,000,000 in Sydney. Also, adding to the weak AUD is the worst drought in decades, with water rationing in the major cities. People in Sydney can't even use sprinklers to water their lawns, and can only hand water their lawns, once a week. There are just too many reasons why the AUD should be weaker. |
| Posted By: Farrukh Kayani Posted On: Oct 26, 2008 Views: 10915 | aud/usd to hit 0.50 now u saw what i said.i warned it going to hit .60 (sorry i wrote 1.60 too many currencies mix them up).in just 2 weeks aud/usd will be at .50 ..its a free fall.don't buy aud now.its like catching a falling dagger. |
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