Comments on: Will Australia go Down Under? Aussie Outlook

By: Casey

Casey — Sat, 06 Jun 2009 20:56:02 +0000

Russell,

That was great info, Good post as always Yohay.

By: Risk Aversion Turns the Market Over | Forex Crunch

Risk Aversion Turns the Market Over | Forex Crunch — Thu, 04 Jun 2009 15:54:45 +0000

[...] Together with the dollar strength, AUD/USD retreated to levels that haven’t been seen this week. The Aussie went under 0.79 before climbing back to 0.80. For more the Australian dollar this week, read: Will Australia go Down Under? Aussie Outlook [...]

By: Yohay

Yohay — Thu, 04 Jun 2009 08:54:17 +0000

Russell, thank you very much for your insightful comment!

By: Forex Daily Outlook - June 4th 2009 | Forex Crunch

Forex Daily Outlook - June 4th 2009 | Forex Crunch — Wed, 03 Jun 2009 21:01:03 +0000

[...] For a special coverage on the Aussie, read: Will Australia go Down Under? Aussie Outlook [...]

By: Loonie Stays Behind - Mid Week Overview | Forex Crunch

Loonie Stays Behind - Mid Week Overview | Forex Crunch — Wed, 03 Jun 2009 09:46:10 +0000

[...] Original coverage: Will Australia go Down Under? Aussie Outlook [...]

By: Forex Daily Outlook - June 3rd 2009 | Forex Crunch

Forex Daily Outlook - June 3rd 2009 | Forex Crunch — Tue, 02 Jun 2009 21:01:29 +0000

[...] For a special coverage of the Aussie, read: Will Australia go Down Under? Aussie Outlook [...]

By: Loonie At Parity? Canadian Dollar Outlook | Forex Crunch

Loonie At Parity? Canadian Dollar Outlook | Forex Crunch — Mon, 01 Jun 2009 15:03:52 +0000

[...] Special coverage for the Aussie: Will Australia go Down Under? Aussie Outlook [...]

By: Free Forex Trading Tips

Free Forex Trading Tips — Mon, 01 Jun 2009 00:37:31 +0000

[...] More here: Will Australia go Down Under? Aussie Outlook [...]

By: Russell Melhem

Russell Melhem — Mon, 01 Jun 2009 00:17:56 +0000

Well said Yohay, I once saw an article on forex factory telling us to short the AUD,I warned the writer, Australia is a power house. 800 pips later my point is loud and clear. But I have made an important point below about FX right at the bottom.

The AUD is not over printed like the Yen or USD.
It has real assest backing. Commodities the stuff wall street hates. While Gold is going up the AUD will go up. They have the highest interest rates in the industrial world. Japan and china would do anything to keep the land down under happy.
But here’s the killer blow, During the housing peak in 2001-03 it took 5 days to approve a home loan. Today it takes 28 days!!!!!!! Aussies are buying property like no tommorrow. The homes below $500,000 any way as the Government is giving away $14,000 to $24,000 home buyer grants.
Let’s talk reality here.
1. Japan is the worst RUN economy in the world with the highest debt in the world and the USA will not pay back their debts at TRUE VALUE.
2. The GBP has made cow disease, no direction or logic. They will be forced to join an EU that will cut back it’s membership to 10 nations.
3. The USD, someone start playing the death march everyone can see what is happening except the yanks.
4. The EUD, if it was all German it would be the best currency in the world. However it is the Catholic church currency and the Catholic nations currency. Hence no Turks and England needs to start praying hail Mary. Give the EU an Army and they will rule the world. This is my currency of Choice and believe it will be the New World Order reserve currency of choice.

5.The reality is not what is right but who has the most money to back their position until the opposite team gives up or switches side. Unfortuatley quantity will always beat quality in the FX world