Published: Wed, 07 Oct 2015 00:20:08 GMT
Growth in AUD saw a major climb for the currency in forex trading on Tuesday.
Published: Tue, 06 Oct 2015 23:03:08 GMT
Only a few weeks ago, as we rested on 69c, analysts were lowering their forecasts to 50c. Whilst I'm not saying we won't get there I am saying that near-term price action says buy so we can shelve the Armageddon forecasts for now.
Published: Tue, 06 Oct 2015 20:12:06 GMT
There doesn't seem to be a month where IMF don't send this warning, although recent manufacturing data from North America, Europe and Emerging markets do make this a feasible scenario.