No-one would consider buying shares in companies that make significant income from overseas as an AUD hedge? A few ideas but not necessarily cheap would be CSL, Amcor (AMC), Resmed (RMD), Cochlear (COH), Ainsworth Gaming (AGI), Seek (SEK). Or riskier, commodity producers where product priced in USD like BHP Coal in a down cycle for the risky speculative maybe: New Hope Coal (NHC), Whitehaven (WHC) http://www.switzer.com.au/video/jacques09092014/ Some still think the AUD will get stronger though, like Clifford Bennett Clifford Bennett @cliffordbennett Jul 6 "AUD great buying opportunity given the low intelligence RBA thinks it is too high, and so we have had a bit of a dip, going 1.03 still!" https://twitter.com/cliffordbennett
what we are seeing now is the carry trade unwinding.. all other currency are prety much on their normal range
Is it pretty easy to play CFDs in this market if you know what you're doing? It just seems like a pretty sure bet to go short on the AUD or asx in general
Wikipedia again? This doesn't explain risks. It explains why you shouldn't use the ASX to trade CFD's - because they rip you off. Then it spews out the usual fanciful criticism and misleading rhetoric by competitors that it is riskier than gambling. :lol: What a turtle load of shyte. However, it does point out that successful trading requires a good understanding of trading psychology.... duh!
USD so far, gold is ok, silver is falling, how are those CFD's doing wrcmad? The other currencies mentioned, eg CHR seem to be pretty much flat against the AUD (ignoring 1% -2% falls or rises). CNY has gained a bit but I struggle with trust in the Chinese. Actually I struggle with trust in all of the fiat currencies lol
