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The rally in the Australian looks poised to continue, as their central bank left interest rates unchanged – which preserves the large yield premium the Aussie still enjoys over most other major currencies. Here’s the breakdown from legendary currency analyst Chuck Butler: Down Under… The Reserve Bank of Australia (RBA) left rates unchanged (good for […]
Regular readers know that we’ve been anxiously awaiting the decoupling of commodities and currencies from stocks. These asset classes are historically uncorrelated. That changed late last year when the financial world ended, and everything went down the crapper at about the same speed. Except, of course, the US dollar and bonds…but I digress… Today stocks […]
The trend is our friend…and right now, the trend in the Australian dollar is up, up, and up. Source: Barchart.com A couple of weeks ago, we took note of the rally in the Aussie – and decided to initiate a position. Boy am I glad we did…since that time, the A$ has rallied nearly 4-cents, […]
Monday night, we were fortunate enough to initiate a long position in the Australian dollar. I took a long, hard look at it before entering the position – on one hand, it had already been rallying strong and was afraid may be due for a pullback. But the fundamentals and technicals looked too good, so […]
The Australian dollar topped the 74-cents mark today to hit a new 6-month high against the US dollar. The Aussie has been rallying strong of late, and this recent strength is now also underpinned by yesterday’s decision by the RBA (Reserve Bank of Australia) to hold interest rates at 3% for at least the near […]
More good news for Australia’s economy – and the Australian dollar. This builds upon our review yesterday of the Australian dollar’s attractive prospects. The A$ is up $0.112 as I write, currently sitting at $0.7163. From Everbank’s Chuck Butler: Down Under… Australia saw Consumer Confidence rebound for the first time this year… Here’s the skinny… […]
Is the Australian Dollar poised to climb again? EverBank’s Chuck Butler believes the Reserve Bank of Australia may be done cutting rates, in anticipation of an economic recovery, and underpin a rally in the Aussie $. In Chuck’s own words: Yesterday, I told you that the Reserve Bank of Australia (RBA) had cut rates 25 […]
Today, Bloomberg reported that the Japanese Yen dropped today against the dollar, euro, and Swiss franc as Japan posted its first trade deficit in 13 years. “The poor Japanese trade-deficit data are giving further fuel to the idea that Japan, or the yen, is no longer the safe haven as the country’s external position deteriorates,” […]
Jim Rogers, doing some “stand up” commentary on upcoming opportunities in the foreign currency markets: Expects the Japanese Yen to rise another 10-15% The current dollar rally is a forced short covering – not a flight to safety We are going to have “many, many, many” more currency problems this year Owns the Euro, Swiss […]
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