AUD Pulls Back on Weak Micro Data, Bank Fears and Respect for RBA Policy Shift
31/07/08 23:22
The AUD has fallen sharply this morning on the back
of a local newspaper article arguing that the RBA is
on the verge of starting its easing cycle.
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Australia faces worse crisis than America
30/07/08 22:14
The world's financial storm has swept through
Australia and New Zealand this week amid mounting
signs of contagion across the Pacific region.
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Net flows have been light with a fairly clear calendar
28/07/08 19:06
Net flows over the weekend and into Monday have been
light with a fairly clear calendar. There is a week
of heavy data forthcoming, increasing toward the end
of the week. More on that later. Read
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Jim Rogers Interview
17/07/08 19:09
Money as Debt
14/07/08 21:27
Paul
Grignon's 47-minute animated presentation of "Money
as Debt" tells in very simple and effective graphic
terms what money is and how it is being
created. Read More...
Last week the dollar sold off on GSE worries
14/07/08 00:41
The larger part of the week saw USD consolidate in a
relatively quiet week until Friday when concerns
emerged over losses at mortgage lenders Fannie Mae
and Freddie Mac may deepen and may eventually have
them nationalized. Treasury Paulson effectively held
firm in his posture that the government is supporting
the Fannie and Freddie in their current state hinting
they would not bail them out. The market views this
as a moral suasion and risk the market does not want
to subject themselves to. Consequently, the USD sold
off to a 35 year low against AUD, JPY and CHF also
moved on risk aversion related to USD only.
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USD can't find reason to rally amid the negative sentiment and data
02/07/08 23:43
Naturally, the USD can't find reason to rally amid
the negative sentiment and data. ADP employment
reported showed -79k contraction in the private job
markets, much worse than expectation of -20k.
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