AUD has gone nuts! 76.38USD

Discussion in 'Currencies' started by bubblebobble2, Apr 5, 2022.

  1. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    what’s happening? Interest rate is onhold…know that it’ll go up this year….

    does this mean we’re going to see 1=1 with USD???
     
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  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Hopefully
     
  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Iron ore up
    Coal up
    AUD up
     
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  4. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Didn’t see that coming!
     
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  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Dead cat bounce.

    Currency traders pushing the Aussie Peso higher so that they can make a nice profit when they sell before it goes way down again.

    Nothing to see here move right along, it's not as if we were expecting an interest rate hike today which didn't happen.
     
    Last edited: Apr 5, 2022
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  6. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    USD no longer ‘safe heaven’?

    or is it now ‘rubbles’ as ‘safe heaven’ ????
     
  7. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Neither, it's the beautiful barbaric yellow metal that's the only safe haven out there.

    So stop looking at your precious metals value in terms of worthless fiat currencies and concentrate on its true value and scarcity, and you have nothing to worry about unless, of course, you have to sell some tomorrow for living expenses in which case you haven't planned very well.;)
     
  8. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Dead Cat Bounce...Classic comment of the week!! ROFLMAO
    Shit can someone give us proper Emoji's..because these suck DNt's
     
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  9. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    Why? Keep all those pesky foreigners out now the borders are reopening? Making all our exports more expensive?

    or are you hoping for an inexpensive holiday to some far away place?
     
  10. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Because that's when I make $
     
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  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    If we all vote Labor, the AUD will drop below 70 cents, spot goes up 10% and we all cash in and buy the dip later!
     
  12. GOLD1

    GOLD1 Well-Known Member

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    RBA decided to raise rate in June against their promise to keep it on hold till 2024. They think the market is doing too well, they got to raise rate to counter inflation.
     
  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    You got a link to where the RBA has said they're going to raise rates in June?
     
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  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I agree.
     
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  15. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    'Signalling', but... I suppose one could say it's just reading tea leaves.

    RBA loses ‘patience’, signals June rate rise

    The Reserve Bank of Australia has abandoned its language of patience and signalled it could begin raising its record low 0.1 per cent cash rate in June if upcoming data show accelerating inflation and wages growth.

    “Over coming months, important additional evidence will be available to the board on both inflation and the evolution of labour costs,” RBA governor Philip Lowe said in a statement following the bank’s April board meeting.
    --
    That would be used to set the board cash rate policy, he said.

    The step to normalise the RBA’s emergency level 0.1 per cent cash rate implemented at the height of the COVID-19 crisis would be the first time interest rates have risen since November 2010.

    Gone from Dr Lowe’s statement was any reference to the board being “committed to maintaining highly supportive monetary conditions”, or that the board was willing to be “patient” before lifting the cash rate.

    --

    “The RBA is progressively clearing the way for a rate hike sometime in the months ahead,” AMP Capital chief economist Shane Oliver said, while JPMorgan’s Ben Jarman said the RBA was clearly flagging a rate hike cycle.

    https://www.afr.com/policy/economy/rba-drops-its-patience-signals-rate-rises-coming-20220405-p5aavh

    (Yes we need better emojis.)
     
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  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    The minutes will be released in a day or to, they'll be the guide we should follow, it'll be more accurate than the comments of those with a vested interest in pressing the RBA to lift rates.
     
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  17. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Ainslie's interpretation:

    With an election in May, the flack they copped for raising rates during the 2007 election and the above “evidence” being inflation data on 27 April, wages data on 18 May, and National Accounts data on 1 June, the stage appears set for an overdue, coiled spring, June hike.

    Despite the ‘not yet’ message, the clear inference that “patience” has become ‘soon’ saw the market react strongly with the AUD surging above 76c. AUD priced gold of course came off $20 in that same move before reclaiming some of that lost overnight as a stronger USD saw the AUD back under 76c.

    The market is also pricing in a much more aggressive move than the RBA as well. From the AFR:

    “Traders are tipping an 84 per cent chance of a 0.25 percentage point hike in the cash rate in June, and nearly even odds for a 0.5 percentage point move followed by nearly eight increases to 1.9 per cent by year’s end.

    The Australian government three-year bond yield jumped 16 basis points to 2.48 per cent and the Australian 10-year yield added 6 basis points to 2.86 per cent amounting to a curve flattening.”

    --

    :confused:

    Screen Shot 2022-04-06 at 11.13.08 am.png

    https://www.ainsliebullion.com.au/g...at-next-for-aud-/tabid/88/a/2734/default.aspx
     
  18. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    how about ‘liquid gold’…? Does this count as safe heaven?
     
  19. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    RBA did say ‘some time this year’… cause ‘fat cats’ have been very poor since pandemic

    besides…. ScoMo needs voters’ count…
     
  20. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Honey?

    Btw, rising AUD and dropping metals prices could mean a GREAT buying opportunity later this year/ early next.
     

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