AUDSGD update

[dancingshoes]

AUD really down under:

 

[dancingshoes]

looks to me aussie dollar will depreciate further, currently, there's a dead cat bounce. more selling when asian markets opened. you can come slap me if i am wrong.

 

[dancingshoes]

going down further...

 

[dancingshoes]

why i think AUD will still depreciate against SGD further.

1. so far MAS has not done anything to depreciate SGD, very unlikely cos' we are mainly importer.
2. australia's exposure to china is bigger than s'pore.
3. main export of australia to china, iron ore and coal is in a slump.
4. fed going to hike rate next month which will push down AUD further.
5. australia's released data is average for the past month.
6. RBA wants lower AUD as thru their monetary policies and statements issued.
7. property prices are very high in australia, this is not what they want as they are still in deflation, they need lower AUD to spur inflation. at same time, they are controlling the property prices by restricting foreigners' investments.
8. jobless rate is quite high in australia.


from the daily chart, it's still in a downtrend, the last few candles are still weak portraying a high possibility of further downtrend.

 

[MovieStar]

Initially plan to go korea this Dec.
Now thinking maybe go Australia .
Since aud depreciate so much.

 

[dancingshoes]

Initially plan to go korea this Dec.
Now thinking maybe go Australia .
Since aud depreciate so much.

can you bring me with you?:o

 

[dancingshoes]

here 's more to "cheers, mate!"


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http://www.dailyreckoning.com.au/wh...vestment-points-to-a-recession-cw/2015/08/28/

 

[MovieStar]

I always think aud should be worth more than sgd.

But what I think always wrong one.

 

[MovieStar]

I am thinking to buy some aud or renminbi.

 

[dancingshoes]

I am thinking to buy some aud or renminbi.

pple buying usd but you buying aud and yuan???!!!

 

[MovieStar]

pple buying usd but you buying aud and yuan???!!!

I am selling my usd at 1.41.
20k sgd . Still have 15k sgd.

Last year bought some us share. So didn't convert to sgd. Now keep half usd.

Well. What goes up will goes down.

China economy. I believe still will grow.

 

[MovieStar]

When I keep usd last year.
People thought I stupid. I said myr to sgd 3:1.
Then nobody believe.

See now what happened.

 

[dancingshoes]

I am selling my usd at 1.41.
20k sgd . Still have 15k sgd.

Last year bought some us share. So didn't convert to sgd. Now keep half usd.

Well. What goes up will goes down.

China economy. I believe still will grow.

you are long term investor but exposure to risk quite high too.

 

[MovieStar]

you are long term investor but exposure to risk quite high too.

These few days I climb to mountain to learn something. Quite useful.

Next time share with you

 

[dancingshoes]

 

[SgGoneWrong]

AUD will move up next year.

 

[gingerlyn]

cut it short
will australia property market bursts?

 

[SgGoneWrong]

cut it short
will australia property market bursts?

No. Govt will do all they can to prevent it. Too much vested interest.
I can't say the same for apartments though. You cannot go wrong with a piece of land.

 

[dancingshoes]

i just look at the charts for the monthly, AUD looks rather weak, more to come.

 

[eErotica69]

When I keep usd last year.
People thought I stupid. I said myr to sgd 3:1.
Then nobody believe.

See now what happened.

Your friends has got low FQ? S$1 : MYR 3 was quite obvious. Maybe not 100%, but at least 60% certain when we look back from 2014.