What is your take on Aussie $ ?

[Queen Seok Duk]

AUD going at about 1.18 from a high of 1.28 just 3 months ago.

 

[kingat33]

aud will be on parity with SGD in a couple of months time.

 

[Queen Seok Duk]

aud will be on parity with SGD in a couple of months time.

And the basis for your prediction ?

 

[kiss]

based on technical on long term, if u gona hold for 2-3yrs... better not buy AUD.

I am forecasting a big fall.

 

[Queen Seok Duk]

based on technical on long term, if u gona hold for 2-3yrs... better not buy AUD.

I am forecasting a big fall.

Care to share your analysis, and not just conclusion ?

Demand for metal weak ? Or Central Bank of Australia set to lower interest rates ?

 

[Ash007]

Aussie dollar up today due to unemployment rate.

http://www.smh.com.au/business/surprise-surge-in-jobs-20100708-101da.html?rand=1278555958525

The jobs news sent the Australian dollar soaring to 87.48 US cents, from 86.67 US cents just prior to the release of the data. As recently as Monday, the dollar was buying less than 84 US cents. Stocks also added to morning gains and were on course for their best day in five weeks

 

[halsey02]

And the basis for your prediction ?

Paul the unemployed octopus

Remind me of the days I use to punt the A$, NZ$, MYR...and have gone off the forex, stock mkts for many years...do not have the extra $xx,xxx to spare....

those were the days...

:p

 

[kiss]

No fundamental play... i seldom use it and can't predict future.

If AUDUSD goes above 0.94, i will change my view. As price is still below, i am bearish.

The current up move on AUD are still up bounce... short term. Commodities currencies AUD, NZD and CAD are showing
the same picture. Lastly, i could be wrong...

 

[Whats4]

looking at the hourly chart, the aussie looks bearish.

resistance at around 0.87668. stochastic indicate current uptrend for auusie might end soon, probably end of this week. therefore possiblity of double top forming.

cross over of 100 and 200 mva on 07/06. 50mva move below both 100 and 200 mva on 02/06.

drawing a trend line from starting may to end of june. notice that decending trainagles seem to be forming with support at 0.80846.

everything seem to fall in place. u can comfirm with loonie which seem to indicate the upward movement of us$.

 

[neddy]

AUD going at about 1.18 from a high of 1.28 just 3 months ago.

Very violatile currency. It is a risk barometer - when people feel like taking risk, AUD go up. Same vv.

 

[jw5]

Aussie time deposit interest rate is at 4% or more currently.
Did anyone convert any currency to A$ to take advantage of this rate?

 

[Leongsam]

Aussie time deposit interest rate is at 4% or more currently.
Did anyone convert any currency to A$ to take advantage of this rate?

I convert SGD to AUD on a regular basis because of the better yield. I've been doing so for the last 10 years.

 

[jw5]

I convert SGD to AUD on a regular basis because of the better yield. I've been doing so for the last 10 years.

That's because your "base currency" is A$.
I'm wondering whether anyone converted their "base currency" to A$ to get better interest rates, but take the risk that the exchange rate will turn against them.

 

[Ash007]

Aussie time deposit interest rate is at 4% or more currently.
Did anyone convert any currency to A$ to take advantage of this rate?

4.5% lah, some banks offer higher, 6% or more.

 

[Leongsam]

That's because your "base currency" is A$.
I'm wondering whether anyone converted their "base currency" to A$ to get better interest rates, but take the risk that the exchange rate will turn against them.

As long as you're in it for the long term, it's just a matter of riding out the exchange rate variations. There is profit to be made in both the yield and the exchange rate.

 

[n1etzche]

and plough aud into instruments carrying full franking credits...