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- redalert replied Dec 10, 2020
Price of iron ore.
- redalert replied Nov 3, 2020
Gone are the days where rates cut used to see a healthy 40-50+ pip fall. If USA wasn't full of covid and subsequent turmoil .60 is reasonable for AUD.
- redalert replied Apr 29, 2020
Basically no Australian economic news has been released for the periods since covid restrictions. Unemployment will show exactly how unhealthy the economy is. It will stay robust because of commodities.
- redalert replied Dec 3, 2018
Nostradamus is that you? Missed you buddy.
- redalert replied Jun 4, 2018
It reached 0.7660 15 hours ago, and it is falling. You're describing something that has already happened. Do you think this will get to 0.7660 again?
- redalert replied Jan 30, 2018
The most significant price rises this quarter are automotive fuel (+10.4%), tobacco (+8.5%), domestic holiday travel and accommodation (+6.3%) and fruit (+9.3%). The most significant offsetting price falls this quarter are international holiday ...
- redalert replied Jan 30, 2018
These CPI numbers are gonna be weird. Fuel/Oil will be the kicker.
- redalert replied Jan 11, 2018
I'd be careful. CPI not looking good tonight.
- redalert replied Dec 27, 2017
No decent AUD news for a few weeks. At the mercy of USD and commodities. Boooo. 0.77x was resistance for a long time a year or so ago I think it was rejected at this level about 10 times. Before Nostradamus finally predicted it would break through.
- redalert replied Dec 18, 2017
Iron Ore at 3 month high @ $74/ton. This would be what is holding AUD above 0.76.
- redalert replied Dec 15, 2017
Bullish until parity. - French philosopher.
- redalert replied Dec 14, 2017
It also tanked because of the CPI figure and then the FED commenting that CPI needs to increase for further hikes.
- redalert replied Dec 10, 2017
We should see another 100 pips south this week if US raise rates. This means the positive swap between the currencies is gone, so I would expect long terms investors to pull their money from AUD. I could only imagine the madness if they don't raise ...
- redalert replied Nov 21, 2017
I think it says nothing we didnt already know. But raises more questions than answers. I think people just overreact when they see "its going to be a rise, rather than a cut". If inflation gets better, if wages get better, if all the predictions ...
- redalert replied Nov 12, 2017
Fundamentals would say wait for wage growth in Australia and CPI from US on Wed/Thur.
- redalert replied Oct 26, 2017
I dont usually post technical but I cant help but see this. Fits time frames about critical news. image
- redalert replied Oct 24, 2017
The talk of RBA rate rises is coming from outside the country that's for sure. I don't think they will raise rates even if CPI hits target. What they need is wage growth 0.5% above CPI before they should even consider it.
- redalert replied Oct 18, 2017
You're correct Dab. I read somewhere they only survey like 40k people, how that determines unemployment for a whole country beats me.
- redalert replied Oct 18, 2017
Sure employment is higher because the employers giving very small pay rises. This is what is important to RBA, if wages dont rise they cant raise rates because in doing so applys pressure to people to repay their ever expanding personal debt leading ...
- redalert replied Oct 17, 2017
Will all have to follow prices of iron ore and LNG, particularly the latter. “The ongoing recovery in the LNG price is an emerging part of the story supporting AUD,” url I also read somewhere else that Australia will be the largest exporter of LNG ...