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???
does this mean we’re going to see 1=1 with USD???
AUD has gone nuts! 76.38USD
- Thread starter bubblebobble2
- Start date
Hopefully
Iron ore up
Coal up
AUD up
Coal up
AUD up
Didn’t see that coming!
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.
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.
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USD no longer ‘safe heaven’?
or is it now ‘rubbles’ as ‘safe heaven’ ????
or is it now ‘rubbles’ as ‘safe heaven’ ????
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.
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?
Because that's when I make $
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!
You got a link to where the RBA has said they're going to raise rates in June?
I agree.
'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.
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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.
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“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.)
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.
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.”
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https://www.ainsliebullion.com.au/g...at-next-for-aud-/tabid/88/a/2734/default.aspx
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.”
--
https://www.ainsliebullion.com.au/g...at-next-for-aud-/tabid/88/a/2734/default.aspx
how about ‘liquid gold’…? Does this count as safe heaven?
RBA did say ‘some time this year’… cause ‘fat cats’ have been very poor since pandemic
besides…. ScoMo needs voters’ count…
Honey?
Btw, rising AUD and dropping metals prices could mean a GREAT buying opportunity later this year/ early next.