Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: May 4, 2010 14:02
Comments: 347
View Hot-Chart
This thread was started in response to the Hot-Chart:

What's Next for Aussie?

 
forextrader
vologda, Russia
Posts: 127
12 years ago
Dec 28, 2010 11:43
USD took a hammering today Against all currencies, I think parity AUD parity with USD will not be seen for (VERY LONG TIME).

There is a good opportunity in short USD against the Swiss franc; the chart is heading down with accelerated base.
Boli Mekura
Guam
Posted Anonymously
12 years ago
Dec 28, 2010 11:02
Hello.
I guess Ashraf surrendered his AUDUSD H&S idea.
Good luck all.
chloethebull
halifax, Canada
Posts: 1183
12 years ago
Dec 28, 2010 10:56
lol soo much for china raising rates an hurting aus-risk appitite-cad eur gbp ..all moving very strongly :( terrible end to a great yr :( gl guys
mo
liverpool, UK
Posts: 123
12 years ago
Dec 27, 2010 13:53
Yes the financial market moves in random way, i.e it is impossible to forecast price movement in the short term yet alone in the long term.

I wish somebody had told me last year that a year from now AUD will be 18% , 12% higher against the Euro and USD respectively
sydneyjames
Sydney, Australia
Posts: 348
12 years ago
Dec 27, 2010 13:07
mate, if i ever learned anything from the market is that dont try to understand and reason with it, cuz u cant. whatever will happen will happen
mo
liverpool, UK
Posts: 123
12 years ago
Dec 26, 2010 23:53
hello
Aud shoulld fall by approximatly 2% from it is friday close; i.e it is heading gradually towards 0.9840 in the next few days
catnip
Frankfurt, Germany
Posted Anonymously
12 years ago
Dec 26, 2010 13:42
China graduates 3 mil engineers per year ... and academics... no jobs for engineers and academics . I suppose China will eventually have to go the path of planned economy in full
and this kind of economy has failed everywhere. The past German Democratic Republic is a brilliant example. Everyone had a job but productivity at the end was negative. I.e. it was cheaper not to produce anything.
sydneyjames
Sydney, Australia
Posts: 348
12 years ago
Dec 26, 2010 12:25
An article from FT about the most recent social prospect in BeiJing China.

http://www.ft.com/cms/s/0/2dacd064-0ece-11e0-9ec3-00144feabdc0.html#ixzz19DhqLNCf

Cant afford to be born because a Caesarean costs Rmb50,000; cant afford to study because schools cost at least Rmb30,000; cant afford to live anywhere because each square metre is at least Rmb20,000; cant afford to get sick because pharmaceutical profits are at least 10-fold; cant afford to die because cremation costs at least Rmb30,000

arent we lucky
sydneyjames
Australia
Posted Anonymously
12 years ago
Dec 26, 2010 12:22
aussie has been quite resilient in the past few months. However, China's problem will slowly emerge, when it shows up it will destruct the bullishness in aussie dollar.
China has 4main problems. 1) inflation 2) Real estate bubble 3) Short of basic labor workers in China
4) China will have a leadership change in the coming years, that will disturb the economical and political stability
Qingyu
manchester, UK
Posts: 1763
12 years ago
Dec 26, 2010 11:52
thank you cat, i was wrong again about rate hike...