Forex Trading Australia Compare Aussie forex Brokers ...

The Pound Sterling, Australian Dollar exchange rate edged -0.4% lower in forex trading. The pairing traded at around AU$1.8019. https://www.financebrokerage.com/pound-sterling-aussie-exchange-rate-falls-finance-brokerage/

The Pound Sterling, Australian Dollar exchange rate edged -0.4% lower in forex trading. The pairing traded at around AU$1.8019. https://www.financebrokerage.com/pound-sterling-aussie-exchange-rate-falls-finance-brokerage/ submitted by FinanceBrokerage to u/FinanceBrokerage [link] [comments]

http://twitter.com/forex_in_world/status/1274891062734135296AUD/USD Price Analysis: Aussie keeps gains after PBOC rate decision https://t.co/XDD1R9R7RC— FOREX IN WORLD (@forex_in_world) June 22, 2020

http://twitter.com/forex_in_world/status/1274891062734135296AUD/USD Price Analysis: Aussie keeps gains after PBOC rate decision https://t.co/XDD1R9R7RC— FOREX IN WORLD (@forex_in_world) June 22, 2020 submitted by Red-its to forextweet [link] [comments]

FOREX-Euro slips, Aussie shrugs off China rate cut

submitted by Shares_RSS to Economics [link] [comments]

FOREX-Oil rebound lifts commodity currencies, Aussie awaits rate test

submitted by Shares_RSS to Economics [link] [comments]

Aussie users

Who here is an Australian user of the app?
What’s your opinion on the app and the cards associated with it?
New user here and just wondering how everyone in Australia rates this service over the rest of the available apps
submitted by spietro1010 to Crypto_com [link] [comments]

Will Aussie repeat the hat trick? Forecast as of 03.11.2020

Will Aussie repeat the hat trick? Forecast as of 03.11.2020
The second quarter is likely to be the same as the second one. However, the disaster is not going to be so dramatic. If so, we have a pattern to trade the AUDUSD. Let us discuss the Australian dollar outlook and make up a trading plan.

Monthly Australian dollar fundamental analysis

What doesn't kill makes one stronger. The RBA’s monetary expansion should have crashed the Australian dollar. RBA not only cut the cash rate down to the all-time low of 0.1% but also boosted the purchases of assets with a maturity of 5-10 years within QE by AU$100 billion. The RBA has become one of the first to react to the second pandemic wave. However, the AUDUSD, instead of falling, surged up to the bottom of figure 71. Bloomberg experts anticipate such measures of the regulator, and the time for maneuver was not right. It is not wise to ease monetary policy on the day of the US presidential election, is it?
According to Philip Lowe, the increase of the QE size will support economic recovery amid lower costs of funding and exchange rate, as well as higher assets’ price than it would be in the opposite case. RBA must have tried to improve financial conditions, as the Fed did. It was one of the reasons for the US economic growth in the third quarter. In the fourth quarter, the US GDP should face a downturn because of the difficult epidemiological situation. Australia, on the contrary, has coped with the coronavirus through a strict lockdown in Victoria. So, Australia’s GDP can well go up.

Dynamics of COVID-19 cases in Australia


https://preview.redd.it/z0b18quhc0x51.jpg?width=629&format=pjpg&auto=webp&s=ed290b23768a625aba0bb3c0a891f975388ab309
Source: Trading Economics
According to the RBA forecasts, Australia’s GDP in the 2020/2021 financial year will expand by 6%, in 2021/2022 - by another 4%. The forecast for the unemployment peak has been cut from 10% to 8%. The core inflation will grow by 1% in 2021, and by 1.5% in 2022.
In addition to the domestic positive factors, foreign news also supports Aussie. Despite the disputes between Australia and China, which imposed tariffs on Australian barley, launched an anti-dumping investigation into Australian wine, and suspended imports of coal and lobsters from Australia, I believe that the trade relationships will be improved. China is the largest market for Australia. China’s economic growth by 1.9%, according to the IMF forecast, will support the AUDUSD bulls. Based on the yuan price changes, the AUDUSD looks undervalued.

Dynamics of AUDUSD and USDCNY


https://preview.redd.it/mqvioyaic0x51.jpg?width=634&format=pjpg&auto=webp&s=8db6d6a5debdaf671ce4902ce6fc43f2960f4ebb
Source: Trading Economics

Monthly AUDUSD trading plan

In general, market sentiment indicates that the fourth quarter for the global economy will be similar to the second one, although the disaster scale will be smaller. If so, we have a pattern to trade the Aussie. In late March, I recommended buying the Australian dollar in the range of $0.59-$0.62 amid the expectations of the V-shaped recovery of China’s economy, and this trading idea was winning. Now, there is another chance to repeat the hat trick provided that Joe Biden wins the election.
Biden also promises to attack China for its economic and human rights violations, the US-China relations are going to improve. As a result, the entire Pacific region will benefit. Australia, with its successful COVID-19 strategy, is no exception. If Biden wins, buy the AUDUSD with targets at 0.729 and 0.733.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/will-aussie-repeat-the-hat-trick-forecast-as-of-03112020/?uid=285861726&cid=62423

submitted by Maxvelgus to Finance_analytics [link] [comments]

Best online broker for intl trades?

Currently trading with SelfWealth and NABTrade domestically.
I was going to sign up with IBKR after using it for work, but after digging into their fees, realised they impose some hefty fees on irregular traders (I might buy 3-4 stocks a year as a value investor).
What platforms is everyone using?
Ideally I need something that has access to markets like BATS and CBOE options markets.
submitted by neuralle to AusFinance [link] [comments]

Aussie goes against the wind. Forecast as of 05.10.2020

Aussie goes against the wind. Forecast as of 05.10.2020

Monthly Australian dollar fundamental analysis

Hope for the best but do the rest. Although the major drivers of the AUDUSD 30% rally up from the March low have been the rapid recovery of China’s economy and the increase in the global risk appetite, the Australian dollar has domestic drivers as well. Australia efficiently manages the pandemic, and the government is willing to expand the fiscal stimulus. Australia’s Treasurer Josh Frydenberg is willing to provide money until the labor market returns to the full employment state. It is about the unemployment rate of 5%. The current unemployment rate is 6.8%, and it may grow to 8%-10%. It will hardly drop back to 5% before 2022.
Investors expect the Treasury to boost the fiscal stimulus. As a result, the net debt burden will increase to AU$712 billion or to 38% of the GDP. At the same time, the national debt ceiling will be increased above AU$1.1 trillion, and the income tax hike, planned for 2022, will be delayed. In the USA, the national debt exceeds 100% of GDP, in the euro-area, it is close to 100%, the Japanese government debt is more than 200%. Canberra can afford additional stimulus. Besides, the expansion of government bonds issue will support the capital inflow in Australia and strengthen the Aussie. Australia’s government bond rates are the highest among the countries issuing the G10 currencies.

Dynamics of Australia’s net debt, % of the GDP


Source: Bloomberg
Carry trades and high investment rating of Australia’s securities support and will support the AUDUSD bulls amid the high risk appetite and low volatility. That is the reason for the AUD correlation with the US stock indices. The turmoil in the S&P 500 market ahead of the US presidential election will suggest the AUDUSD consolidation.

Dynamics of AUDUSD and S&P 500


Source: Trading Economics
In addition to the size of the additional fiscal stimulus, investors are focused on the RBA's willingness to expand the volume of monetary support. In September, the RBA officials discussed such measures as the interest-rate cut down to 0.1%, purchasing bonds with longer maturities than currently under QE, negative borrowing costs, and even FX interventions. The latter two options are aggressive, and the regulator will hardly resort to such measures. But it is likely to cut the interest rate by 12 basis points. The derivatives market suggests it will happen already this year.

Monthly AUDUSD trading plan

Expectations of monetary expansion is a bearish factor for the AUD. However, I don’t think the RBA will do it in October. It is likely to leave the door open for the interest rate cut in the future and set the Aussie bulls back using verbal interventions. The RBA will hardly turn the uptrend down, so, its dovish stance will give a chance to buy the pair of the price fall. Following ht consolidation in the range of 0.695-0.735, the AUDUSD is likely to continue its rally up to 0.76 and 0.79.

For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/aussie-goes-against-the-wind-forecast-as-of-05102020/ ?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

Aussie is a new victim of China. Forecast as of 13.10.2020

Aussie is a new victim of China. Forecast as of 13.10.2020

Monthly Australian dollar fundamental analysis

Sometimes, the Predator turns into the Prey, and the Prey, on the contrary, becomes the Predator. During the time of the US-China trade wars, the US looked as an aggressor attacking a victim, which was China. China couldn't adequately retaliate. US import tariffs pressed down China’s exports while selling off China’s Treasury stocks would hardly have been that effective. China was afraid of capital outflows, so it had to make concessions. Now, the victim has recovered and is looking for prey among weaker countries.
Financial Times, referring to the sources familiar with the matter, reports that Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal. Coal is one of the primary components of Australia’s exports. China seems to be a vindictive country. It hasn’t forgiven Australia for the allegations to the COVID-19 laboratory origins, expressed a few months ago. The prey turned out into a predator. Will China continue retaliatory measures against Australia?
This time, Canberra has nothing to respond with. The share of Australia’s exports to China is about 40%, China’s exports to Australia are less than 2%. The trade war hasn’t yet started, but there is already the winner. The problems with the Australian coal exports and the yuan’s drop started an AUDUSD correction down. The AUD bulls used to seem invincible before. Australia’s economy was supported by several factors. The iron ore prices rose. China’s economy, being one of the key trade partners of Australia, was recovering rapidly.The AUDUSD rose by 31% from the low hit in March.

Dynamics of AUDUSD and iron ore prices


Source: Bloomberg
The AUD rise resulted from the rapidly growing US stock indexes and the global economic recovery in the third quarter. However, the AUDUSD rally will continue so fast in the next six-nine months. China’s PMI slows down, the US epidemiological situation is still difficult, the euro area faces the second wave of the COVID-19 pandemic. Furthermore, China attacks Australia, so it is natural that Aussie buyers are discouraged. The median gauge of Bloomberg’s experts for the AUD is $0.72, which corresponds to the current levels.
Nonetheless, there are always two currencies in a currency pair. According to Goldman Sachs, a ‘blue wave’ in the USA (Democrats take control of both the White House and the Congress after the election on November 3) and positive news about the coronavirus vaccines should send the USD down to the lows recorded in 2018. UBS and Invesco share a similar opinion. They recommend their clients to sell the dollar as Joe Biden’s rating grows. Hedge funds seem to follows such ideas.

Dynamics of USD and US dollar speculative positions


Source: Bloomberg
Monthly AUDUSD trading plan
I believe Beijing and Canberra will solve political problems, the yuan will resume its rally, and the Democrats will win in the elections. In this scenario, it is still relevant to buy the AUDUSD on the corrections down. The medium-term targets are at 0.745 and 0.762.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/aussie-is-a-new-victim-of-china-forecast-as-of-13102020/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

Stake vs Hatch Fees Explained

--UPDATE--
In light of Christine from Hatch's announcement of a reduction to a flat $3 broker fee, I've updated in a new comment here.
Treat the direct comparison of $ below as incorrect (once Hatch update their pricing).
--Old Text--
I decided to undertake a fees comparison of the two platforms as Stake is launching on Tuesday.
Comparing Hatch and Stake, the long and short of it is:
Most people will do the latter and be DCA in to a lot of smaller companies so Stake will end up being a lot cheaper on the buy-in.
https://imgur.com/a/wkuiIl1
Comparing to US based companies, assuming you use Transferwise to deposit into a US bank account and there is no fee to transfer from the US account to their service, Transferwise appear to get a 0.6% better FOREX rate than Hatch did when I just checked - Transferwise was $0.6067 vs Hatch $0.6029 (I'm assuming the Hatch FOREX rate will be similar to Stake, can't check atm as I don't have a Stake account until Tuesday). So the break-even point for using Transferwise at current FOREX rates is about $250 (below Stake is better, above Transferwise is better), excluding IBKTD Ameritrade fees (TDA have no broker fees currently). Hatch will allow USD transfer but only if you email them so I don't think you can use this as your regular deposit strategy.
One thing to consider with IBKTD Amertrade is they are US companies who are not at all interested in your NZ tax requirements so will not help you at all in the process. Customer support will be harder to get, and using Transferwise is not a trivial process especially if you are doing very regular deposits it can become a PITA for a relatively tiny difference in fees (eg if you deposit $500/fortnight the difference in FX fees is about $3 per transaction, so just don't buy that bag of chips and save yourself the hassle of using Transferwise + foreign based company IMO - and this is coming from someone who even changes power and ISP companies every year chasing better deals!).
Once you want to withdraw money, Hatch is obviously cheaper at 0.5% (edit: despite the $8 withdrawal fee) compared to 1% with Stake (and they have a $2 withdrawl fee that will be pretty negligible if you have a lot of money invested). Hatch will do an off-market transfer of US shares so best strategy might be using Stake for deposits and Hatch for withdrawals.
Another benefit to Hatch is that they are Kiwi owned so I think more likely to be accessible in terms of Tax and customer support than an Aussie based company (Stake). Lastly with Hatch, if a company is less than $400/share then you should buy a series of Fractional share bids unless you are buying more than 2.66 share units, above that the $8 broker fee is better.
Edit: I had a user complaining about the withdrawal fee of $8 through Hatch. This is true if you are regularly buying and selling shares. Typical advice given here is directed to buy and hold strategies (so you only get stung once for a withdrawal after X number of years), if you want day trading advice there are other subs for that. See my comment here.
submitted by kinnadian to PersonalFinanceNZ [link] [comments]

AUD/USD forecast: Aussie wants to keep the party going

AUD/USD forecast: Aussie wants to keep the party going

Fundamental Australian dollar forecast for today

Are the AUD/USD growth drivers exhausted?

In the second quarter, the Australian economy encountered the deepest downturn since the records started in 1959. Australia’s GDP contracted by 7% Q-o-Q and by 6.3% Y-o-Y. The RBA cut the interest rate to the record lo. The central bank has also bought AU$60 since March amid the QE program. The Aussie should have dropped in value, but the AUD/USD rate has been 32% up since the low hit in March. Doesn’t the major rule of the fundamental analysis “strong economy – strong currency” work here? Now, it perfectly works! The matter is that everything is relative in Forex!
A drop by 6.3% in Australian growth is nothing compared to the US GDP contraction by 32%. AUS$60 billion is very little compared with the trillions of dollars in the USA. In Australia, there are less than 30,000 of coronavirus cases, while there are more than six million of COVID-19 cases in the USA. Australia has managed the pandemic better than many other advanced economies, the economy is not critically weak, the RBA yield control policy allows it not to waste the monetary tools. Besides, China supports Australia’s foreign trade.

Dynamics of RBA interest rate and the Australian dollar exchange rate


Source: Bloomberg
China is the largest market for Australian exports. Although the diplomatic relations between the two countries are tense, after Canberra accused China of COVID-19 laboratory origins, the trade relations are good. Since the beginning of the year, Australia’s exports to China have increased by 75% compared to the same period in 2016, when the last official meeting of the countries’ leaders took place. The core of the China-Australia trade is iron ore. Over the past twelve months, China has imported 700 million tons of iron ore from Australia. It is twice as much as it was in 2010 when the diplomatic relations between Australia and China were much better.

Chinese imports from Australia


Source: Bloomberg
Therefore, the AUD/USD uptrend is strong for several reasons. Australia’s economy is stronger compared to others, China supports Australia’s foreign trade, the Fed’s monetary expansion is unprecedented, which weakens the US dollar. The matter is whether the major bullish drivers have exhausted? Will the Aussie continue its rally?
The analysts polled by Reuters believe the AUD/USD uptrend should slow down. The see the pair trading at 0.72 in one and three months. In six and twelve months, the exchange rate will be at 0.73 and 0.74, accordingly. These levels are close to the current one, which suggests a long consolidation period. In my opinion, it is still relevant to buy the Aussie. China has averted a new round of trade war with the US. The Australian government is working on the income tax reduction bill, which should support GDP growth. The greenback’s’ long-term outlook remains bearish. So, I recommend entering the AUD/USD longs if Australia’s job report for August is positive. The middle-term targets are at 0.75 and 0.763.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/audusd-forecast-aussie-wants-to-keep-the-party-going/?uid=285861726&cid=79634
submitted by Maxvelgus to Finance_analytics [link] [comments]

Let me show you how I make money.

Again within 24 hours of trying to work out a way to make this sustainable and workable for everyone I've noticed it's not worth the hassle to do so. It seems a lot of you expect everything for nothing.

I'm afraid that is not going to work for me. Nothing I am doing is free for me, and if people do not want to pitch in the tiniest bit to help with that I can only conclude one of two things;

1 - The info is not worth $50 to you. In which case it is not worth my time writing it.
2 - People are ungrateful. In which case it is not worth my time writing it.

If people were willing to meet me half way, I'd have went a lot further. People seem to want to stand where they are and shout over to me I'm a scammer for not bringing it all to their feet. That's a perspective. You can have it. I do not mind. But if this is your talk, I'll trade in silence. I'll also show you what happens with the "Scammy" info I was going to provide you for $50.
In the week ahead I'll set up an account with a similar amount to the amount of money people seem to think it's egregious to ask for, and I'll run the same trades on this as will be in the trading plans shared in the proposed offer. I'll use recognised results tracking programs that will automatically verify and display the results.

Build up phase:

I'll start with currency trades. These are the lowest barrier to entry since I can trade micro lots and also have access to leverage. Currency trades should give me about 400 'pips' margin of error. Realistically, I should not need more than 40. I think SPX will be up 2 - 4% next week, this should give gains to on the Aussie against the Swiss (AUDCHF) - I'll go long AUDCHF.

Margin up phase:

After the currency trades I should have enough to trade SPX. I'll start to position short on SPX around 3080 and I'll take a first target of 2377. Given the right setups I'll add to my SPX short as prices are falling to bulk up the net take profit on the trade if it works. I'll trail my stops on the first trades to mke sure I'm not increasing my risk .

Big up phase:

By this time I should have enough margin to trade the Dow. Here I can make some real money. Around 21,000 I'll start to short the Dow and I'll be targeting 10,000. This trade should pay me somewhere in the region of $50,000 per traded lot. During the move I should be able to build up a position of at least 4 - 5 lots on the margin I have. Should be over $200,000 if it hits.

Cash flow up phase:

Once the drop has happened, I will begin to go long and do it in ways that will generate me daily income. I'll do this by transferring about $100K into options account and selling puts for 100 SPY. I'll also switch back to currency trades and I'll engage in what are known as "Carry trades", these will pay me every day I hold the trade based upon the "Swap".
The best carry trades will depend upon what respective interest rates are at the time. Assuming things are similar (relatively) to how they currently are, I will be buying the Aussie, Kiwi and Turkish currencies and I'll be selling them against the dollar and Yen. This will be long AUDUSD, NZDUSD, AUDJPY, NZDJPY and short USDTRY. I'll allocate $50,000 to carry trades.

I'll use the remaining money to hedge and offset risks/losses on my cash flow trades if that is needed, and if not I will use it to make similar trades but ones based upon a short time frame and geared towards risk:reward based profit rather than passive cash flow. I'll keep doing this until the Dow is back to around 17,000 - 18,000.

Crash cash phase:

For the next phase of the drop I will again switch to trading the Dow. This is where I can make most money. I might also allocate $100 - 200K to OTM puts, but since this can be a slower more steady crash it will make more sense to build a position in the CFD market on the Dow. Again my Dow trade should pay over $50,000 per lot. This time building up over 20 lots should be fairly easy.

Cash flow decade phase:

Once the market has crashed I will start to become a big options seller. i'll also engage in carry trades if interest rates are not all screwed up (Which is there are 'currency wars' they could be). Being able to be on the right side of a carry trade will determine if this is viable or not - and that has some variables that can not be known at this time. I'd love to be able to just short USDTRY, though. If it's viable.

With options, I will be selling both put options and call options. I think once the crash has happened we will enter into a long term theta market last 10 - 15 years - this period is known as a 'Lost decade)'. I'll sell SPY puts for under the lows and I'll also sell SPY calls each time there is jumps in upside volatility. I'll be happy to sell SPY calls for 200 for literally years on end.

By this time I should have more than $50.

I'll update my swing plans either bi-weekly, weekly or monthly. Pending on how much free time I have. I'll edit this post to add in the results tracking material when I set it up.

Update: Here's the tracking link. http://www.myfxbook.com/members/2020sBeasomething-for-nothing/6040046

I set the copy software to invert trades & the first trades went short AUDCHF rather than long. That puts me on quite a substantial losing start, but it should not matter. Might push the start of SPX trades back a week. Probably won't. Let me just show the value of what I've been trying to teach you.
submitted by 2020sbear to u/2020sbear [link] [comments]

Dollar drifts higher as coronavirus, China data sap confidence

This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)
SINGAPORE - The dollar steadied on Friday as a jump in U.S. bond yields and a drag on sentiment from lacklustre Chinese economic data put the brakes on a selldown of the world's reserve currency.
The mood had the dollar within reach of snapping a seven-week losing streak against the risk-sensitive Aussie AUD=D3, which has settled around $0.7149 and is flat for the week.
The yen JPY= is on course for its weakest week against the dollar in two months and is down about 0.9% at 106.84 from last Friday's close.
The biggest loser has been the kiwi NZD=D3, which was pressured at $0.6538, as the country faces a fresh coronavirus outbreak and after the central bank this week flagged increased bond buying and again mentioned the prospect of negative rates.
Against a basket of currencies =USD the dollar remains 0.2% lower for the week, but it has appeared to arrest a slide that has it about 9.5% below its March peak.
The Reserve Bank of New Zealand sparked a bond rally this week by promising to extend its own purchases and, next week, speed them up as well.
Summary Source | FAQ | Feedback | Top keywords: week#1 dollar#2 new#3 Friday#4 U.S.#5
Post found in /Coronavirus, /Economics, /Coronavirus and /CoronavirusRecession.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Issues with Forex transfers to overseas crypto markets

Hi guys,
Does anyone else use forex transfers to overseas crypto markets? I've tried transferring large sums in USD to BitStamp and I've been rejected by a number of forex companies.
*TorFX - disabled my account completely. On emailing them to ask why and explaining that I also require forex to my EU bank account, they offered some paltry response which inferred that I was some kind of criminal by using crypto.
*WorldFirst - stated they don't accept payments destined for crypto exchanges
*OFX - won't touch crypto exchanges
*CurrencyFair - won't transfer to crypto exchanges
I find this absurd. This is my money which I've attained via legal means and has been taxed. I can appreciate that there may be some potential clients who could use the service for nefarious means, but if the forex business has done their due diligence by checking my government documentation and ID, then it's up to the Federal Government to chase down illegal activity, not forex businesses.
Has anyone successfully used a forex service to transfer AUD to USD/EUR on foreign crypto exchanges?
submitted by ozgyrex to BitcoinAUS [link] [comments]

Australian Dollar Could Struggle With RBA Rate Call, GDP Figures

Australian Dollar Could Struggle With RBA Rate Call, GDP Figures
Australian Dollar Could Struggle With RBA Rate Call, GDP Figures

  • The Reserve Bank of Australia is thought unlikely to cut rates, but is likely to sound dovish
  • Australian growth figures may well disappoint given business investment weakness
  • Bullish trade headlines might negate both and boost the Aussie, but they’re unpredictable
Find out what retail foreign exchange traders make of the Australian Dollar’s prospects right now, in real time, at the DailyFX Sentiment Page
In the coming week Australian Dollar markets might just be able to look past the US-China trade story, at least for a while, as they contemplate a packed period of local economic news. Whether this will be good news for the currency’s bulls, however, is a very open question.
Out on front of course will be Tuesday’s monetary policy decision from the Reserve Bank of Australia. Market positioning is at present quite emphatic that no move is coming, and the Official Cash Rate will remain at its record, 0.75% low once the central bank’s deliberations are over. However, the RBA itself conceded in the minutes of its last meeting that the case for an interest rate cut could be made then, an admission which knocked the Aussie earlier this month. Given that little has clearly changed for the better since, the chance of a cut on Tuesday must still be ‘live’ even given those market doubts.
submitted by dailymarketsignals to u/dailymarketsignals [link] [comments]

AUDUSD to 0.64 by....July?

You may have seen my post here:
https://old.reddit.com/Forex/comments/brwusb/audusd_bold_call_thoughts/
Admittedly, nobody can truly time when these things happen, I was being cute trying to get the timing right. That said, coming out of the RBA minutes less than an hour ago, I have even more conviction that the Australian dollar will hit 0.64 sometime in the near future.
That would be roughly 7% of downside from here. The RBA minutes were incredibly dovish and data has been persistently weak. I doubt the RBA rate cuts will be able to put out the dumpster fire that is happening in the land down under and safe haven flooding into Yen, DXY, etc, will be much more attractive.
Ongoing trade negotiations between US and China will not resolve. I also think the market is in for a fun surprise on Wednesday with a more hawkish-than-expected Fed (expectations are extremely dovish, and certain transitory factors the Fed flagged did bounce back, despite a soft CPI print...but they look at PCE anyways, right?).
This will create a phenomenal shorting opportunity for the AUD, even from current levels.
Historically, we can see the last time we saw 0.64 was roughly a decade ago. Inflation was roughly at the same level we are today, the cash rate was higher, etc.
https://i.imgur.com/1l3Ttt4.png
Disclosure: I am short Aussie dollar.
submitted by ComicalEconomical to Forex [link] [comments]

FOREX-Euro stuck against dollar; Aussie gets Chinese boost

LONDON, July 15- The euro rose on Monday but remained within its recent trading range against the dollar before central bank meetings later this month. Investors expect the Federal Reserve to cut interest rates at the end of this month and the European Central Bank to follow with more easing in 2019.. The euro was up 0.08% at $1.1282, still within the recent range of...
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

Interest rates on cash in Australia is 4.5%, but how does a US Citizen go about opening a savings account in AUD?

Just dawned on me that I have no idea how that works, as I obviously can't deposit AUD into my USD savings account. Do I need to open an account in Australia? Can I do this entirely online? Maybe there is some global bank I can use for this?
Note: I am not asking if it's a good investment option, just wondering how I would do this if I were so inclined.
submitted by woodstacks to investing [link] [comments]

Dollar on defensive after Fed comments, sterling advance

Mercantile Bank share an update here
submitted by Altruistic_Camel to econmonitor [link] [comments]

Euro’s bounce slows as focus shifts back to economy, ECB policy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company’s headquarters in Vienna, Austria, March 3, 2016. REUTERS/Leonhard FoegerFebruary 19, 2019
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.
The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.
The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.
The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.
“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
“There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
ECB policymakers will next meet on March 7, when the bank’s staff are expected to slash growth and inflation projections as the euro zone suffers its biggest slowdown in half a decade.
The dollar was a shade lower at 110.59 yen after gaining a modest 0.15 percent overnight.
The Australian dollar was flat at $0.7129 after dipping 0.15 percent the previous day.
The immediate focus was on the minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting held at the start of the month.
Governor Philip Lowe on Feb. 6 opened the door to a possible rate cut by acknowledging growing economic risks, in a remarkable shift from its long-standing tightening bias that sent the Aussie tumbling.
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/euros-bounce-slows-as-focus-shifts-back-to-economy-ecb-policy/
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Euro’s bounce slows as focus shifts back to economy, ECB policy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company’s headquarters in Vienna, Austria, March 3, 2016. REUTERS/Leonhard FoegerFebruary 19, 2019
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.
The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.
The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.
The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.
“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
“There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
ECB policymakers will next meet on March 7, when the bank’s staff are expected to slash growth and inflation projections as the euro zone suffers its biggest slowdown in half a decade.
The dollar was a shade lower at 110.59 yen after gaining a modest 0.15 percent overnight.
The Australian dollar was flat at $0.7129 after dipping 0.15 percent the previous day.
The immediate focus was on the minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting held at the start of the month.
Governor Philip Lowe on Feb. 6 opened the door to a possible rate cut by acknowledging growing economic risks, in a remarkable shift from its long-standing tightening bias that sent the Aussie tumbling.
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/euros-bounce-slows-as-focus-shifts-back-to-economy-ecb-policy/
via IFTTT
submitted by peterboykin to The_NewDonald [link] [comments]

Euro’s bounce slows as focus shifts back to economy, ECB policy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company’s headquarters in Vienna, Austria, March 3, 2016. REUTERS/Leonhard FoegerFebruary 19, 2019
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.
The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.
The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.
The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.
“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
“There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
ECB policymakers will next meet on March 7, when the bank’s staff are expected to slash growth and inflation projections as the euro zone suffers its biggest slowdown in half a decade.
The dollar was a shade lower at 110.59 yen after gaining a modest 0.15 percent overnight.
The Australian dollar was flat at $0.7129 after dipping 0.15 percent the previous day.
The immediate focus was on the minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting held at the start of the month.
Governor Philip Lowe on Feb. 6 opened the door to a possible rate cut by acknowledging growing economic risks, in a remarkable shift from its long-standing tightening bias that sent the Aussie tumbling.
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/euros-bounce-slows-as-focus-shifts-back-to-economy-ecb-policy/
via IFTTT
submitted by peterboykin to MagaFirstNews [link] [comments]

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Forex Market Wrap - YouTube

Pasteurizing the Aussie (AUD) Cash Rate August 5, 2019 - Duration: 4:36. ... Tim Forex Education killing CAD interest rate - Duration: 4:27. Tim Forex Education 16,801 views. 4:27 . How To Day ... - Aussie response to #RBA rate cut, 4Q GDP data - #Coronavirus influence, ... Millions of traders from around the world seek out DailyFX for up-to-date forex alerts, news and analysis. Think of us ... Talking Points: • Carry trade promotes is the 'dividend trade' of the FX world as traders yield advantage for income returns • While the Australian and New Z... The Aussie Dollar on the rise..why? China bans more imports from US, RBA Interest Rate & news ahead. China bans more imports from US, RBA Interest Rate & news ahead. - Duration: 7:42. This week Dale discusses the five factors of supply and demand that affect currency (foreign exchange) prices to explain why the Australian dollar is either rising or falling against other currencies. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Forex Market Wrap Pepperstone AU; 433 videos; 6,558 views ; Last updated on Jun 18, 2019; Play all Share. Loading... Save. Sign in to YouTube. Sign in. Asian equities on fire ahead of FOMC risk ...

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