The Yen is attached to the Knee Bone, so what is the AUD attached to?

ducati916 said:

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jog on
duc

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Yep. He was probably the last decent and honest US President. After his murder, all subsequent Presidents knew what would happen if they dared disrupt or expose the Deep state. Trump had a muted attempt at 'draining the swamp', and they ran the most incredible media campaign against him until he was ousted. The Dem's and FBI's manipulation of social media sites was seriously criminal, and yet you won't hear about it on the news because guess what? ... they have MSM by the balls as well. Deep state is real, not a conspiracy.

I thought that I should resurrect this thread particularly in relation to the AUD/USD exchange rate with a number of events coming up.

• Probable fall in Fed US interest rates 25-50 points.
• Our board probably keeping interest rates as is.
• Gold price breaking in to new highs.
• Continuing attacks by BRICS members on USD via OIL.
• Plans by whichever side wins US election to allow USD to fall in value
• A changing Geopolitical situation, Middle East, Taiwan, Ukraine.

It is difficult to work out where the AUD/USD will settle, whether it will be volatile or whether it will be unchanged. Whatever happens it will affect our ASX stocks being primarily materials and finance skewed, more so the former, materials.

Will base and rare metals be affected much. Lots to consider. Or leave it to the gods to decide.

gg

Katie Martin at ft.com has an interesting take on the recent lack of correlation in traditional pairs of assets from former years. Examples are between US stocks retreating and bonds increasing, and between the yen rising and the US dollar falling. She feels that over Northern summer we may experience further shocks as reliable trades may not eventuate fooling hedge funds and analysts. And us !

But markets are particularly prone to overshooting when summer holiday season pulls people away from their desks and gaps start to open up where firm tradeable market prices would usually be.
It is well worth, then, keeping a close eye on areas of widespread consensus in financial markets, in case they suffer similar summer flings.

gg