AUDUSD breakout
confirmation of triangle breakout.
AUD strength against USD means
commodities will move higher including gold.
USD weakness probably due to the rise
of BRICS. There will be states like Japan
willing to destory themselves to buy more
US treasuries . They did this in the past
with the Plaza accord. I expect the RBA
to lower rates soon to keep the AUD
around .62 which is the lower limit
of the peg.
not surprising that gold priced in AUD
and YEN is making new highs this year.
AUD strength against USD means
commodities will move higher including gold.
USD weakness probably due to the rise
of BRICS. There will be states like Japan
willing to destory themselves to buy more
US treasuries . They did this in the past
with the Plaza accord. I expect the RBA
to lower rates soon to keep the AUD
around .62 which is the lower limit
of the peg.
not surprising that gold priced in AUD
and YEN is making new highs this year.
Note
AUDUSD to hit 70 cents in weeks. AUD is moving higher with the movement in XAU.
inflation is still very high in Australia. Real inflation is double what the Govt numbers are set at. This is why all these workers are demanding 7% payrises p.a 7% p.a
is the real rate of inflation. if you work it out 7% growth over 10 years means
it price has doubled. this is true for most consumer goods and house prices.
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