By: wendywen85
6/11/2009
2:34 pm |
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By: wendywen85
6/11/2009
2:32 pm |
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By: wendywen85
6/11/2009
2:29 pm |
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By: brontewcat
24/10/2009
9:52 am Yahoo! Profile:
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| Like you I have just read some of the predictions. I think they go to show that it is probably easier to pick the winner of the Melbourne Cup than to predict the market and economey. Instead of the dollar being in the 60s (and I note even a suggestion of 40s), it is in the 90s (which has its own problems)is ending and Australia is currently (emphasis on currently - this can always change) seen a safe place to park money. Hope some of you guys do better with Cup. Cheers. |
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By: lasty49
11/09/2009
1:53 pm Yahoo! Profile:
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Kingat33,
How are you?
Just having a look back on the past predictions.
Sue from RBC Sydney... bad career move.
Citibank... Disgraceful.
Kingat33.. Need I say anymore
Lasty49.. Geez he's good.. ;-) |
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By: lasty49
20/05/2009
9:30 am Yahoo! Profile:
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"âThe markets have been spooked by the weak figures, particularly the Chinese export numbers,â said Sue Trinh, a senior currency strategist at RBC Capital Markets in Sydney. âThe sell-off has started in earnest and the Aussie will not recover for 10 months back to 64.50 U.S. cents,â
This was said in march 2009.
Since then the currency has rallied 13.5 cents to 78 cents
Thats 20pct.
Oh dear.. alot of unhappy clients if they took her advice.
I bet thats not going on her CV. |
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By: kingat33
20/05/2009
8:59 am Yahoo! Profile:
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| again I have to emphasize that it is not me who said that AUD will crash to 42USD but those currency traders including Citigroup. They are predicting that AUD will be the next currency to crash and I believe that if it happens, then the tourism sector will get a boost and so will the property sector. |
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By: lasty49
20/05/2009
8:50 am Yahoo! Profile:
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I suggest you keep selling AUD against the USD and stop yourself out at 85 cents because thats where its going.
Citibank.. now there is a fine institution.. How can you believe anything they say after what has happened in the past 2 years. |
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By: kingat33
19/05/2009
11:54 pm Yahoo! Profile:
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| Actually AUD to crash is not a bad thing at all as this would entice foreigners to shop in Oz or even invest in our properties. |
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By: phillipgrimbergen
19/05/2009
5:23 pm Yahoo! Profile:
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Bad news sells papers...reading several messages I get the impression people are only interested in talking down the australian economy, Keven Rudd started that before the last election. we have done extremly well over the past decade and yes it might even have started with Keating...
maybe howard just fine tuned things, everyone seemed dissapointed when unemployment actually fell.. get over it....were doing great...but Rudd will wreck the joint in one term.. |
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By: chinanautical
19/05/2009
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| you are wrong. the australian dollar has gone down in value from 6.5 a year ago to 4.5 today against the chinese currency |
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By: kingat33
19/05/2009
3:27 pm Yahoo! Profile:
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Go to thomaspeep.wordpress.com/ 2009/03/12/australian-dol lar-set-for-free-fall-in- 2009-states-bloomberg-pre ss
& U will see the article on the prediction of Aussie Dollar crash. |
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By: sarahfrancis30
19/05/2009
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| Interesting and provocative point of view...citigroup are famous for such sensational predictions. I would be interested to know thier justifications for such a prediction. |
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By: kingat33
18/05/2009
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| Citigroup and currency trader are now predicting AUD will fall to 42USD with the next 12 months and possibly starts falling from June onwards. They reckon that AUD will be the next currency to crash. |
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By: rglover19
18/05/2009
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| The AUD is not only strong against the USD, but also against the CNY, and china is now our biggest trading partner. As the US economy weekens further their USD will go way down. We are not tied to the USD. It is only a marker for our currency. |
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By: lasty49
18/05/2009
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Kingat33,
"Interest rate will not go up anytime soon as people need to spend more to stimulate the economy and not save their money in the banks."
So that many banks will have to pay up for their funds wouldnt it ?
What about the Govt's spending? Where are they going to get the money for that? More than likely overseas.That will attract foreign buyers.
Good luck. |
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By: kingat33
16/05/2009
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| & I predict AUD will slide back to 60USD or below by year end as recession worsen and unemployment increases. |
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By: kingat33
15/05/2009
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| AUD will depreciate against USD as RBA will cut interest rate further due to severe recession in the coming months. Interest rate will not go up anytime soon as people need to spend more to stimulate the economy and not save their money in the banks. |
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By: lasty49
13/05/2009
1:19 pm Yahoo! Profile:
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| I hope you had a winner Sarah ! |
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By: lasty49
13/05/2009
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Jkueh,
Are you sure we can compete against China's manufacturing base?
Selective products we will and the exchange rate wont matter.
They need it and will pay up.
A strong AUD will allow us to repay foreign debt quicker.
A strong AUD is less inflationary.
Remember this isnt a strong AUD move its a weak US dollar so therefore most currencies will move favourably against the US dollar and not affect the cross rates that much. |
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By: sarahfrancis30
13/05/2009
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Hi all, Lasty you were spot on last night....
Trading AUD/USD to the up side today - gold up, USD weak, commodities looking for direction atm.
What are others doing? |
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By: jkueh
13/05/2009
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| A strong AUD is not good for the economy as manufacturing index is suffering and every world is compete for lower and cheaper goods. Immigrant will be less as skill job require from the sector is hammered. People will start to spend more and create another bubbles. |
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By: lasty49
13/05/2009
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Its not so much that our currency is strong, its the US Dollar is weak and will continue to be.
The Australian govt will be issuing Govt bonds to pay for the debt, so expect capital inflow.
Our rates will rise within unison of the US so the outcome should be a nil effect.
This crisis is global not local, so unless you see a strong US dollar, then our currency will remain bouyant. |
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By: xindiginy
13/05/2009
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| Initially the $AU may be stronger, as our interest rates start to rise, but once rising rates and taxes start to bite the economy with slip into "stagflation" as under Keating, and then when we are waiting for the "J-curve" to turn again our $AU will collapse with our productivity. Only recovery elsewhere and a mining boom can save us now. |
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By: brontewcat
12/05/2009
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| One would think economists would welcome a sensible deficit. Only poor economic managers would try and balance a budget during a recession. After all it is Economis 101 that balancing budgets (unless there is a huge pre existing surplus) when you need to stimulate economies is bad for the economy as the Great Depression showed. Australia's deficit is relatively small and I would think the markets will be fine with it. |
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