AUD,NZD/FXWW News

AUD: Media speculation ahead of economic statement

There is some speculation floating around in Australian media ahead of the 1pm economic statement, that the unemployment rate forecast might be raised to 6.25% and that the balanced-budget deadline will be pushed out.

AUD/USD still trading near 89 cents.

  1. Hi Sean. Good day to you! It certainly looks all grim and gloomy for the aud both technically and fundamentally doesn’t it. Just curious on your opinion if you think there will still be a possibility of a journey back to 96 for audusd, not for the short term of cos but more of mid to slightly longer term? Followed that you were still hopeful before 0.91 broke so what is your view now? Am thinking of building a long term posn from the current depressed levels so would appreciate your views. Thanks.

  2. Hi Sean, good day to you! It certainly looks all grim and gloomy for the aud both technically and fundamentally doesn’t it. What do you think of the prospects of audusd’s journey back to 96, not in the short term of cos but more of mid to slightly longer term? Followed that you were still hopeful before it broke 0.91 but what is your view from here? I am thinking of building a long posn in aud from current or mayb even below current depressed levels so would love to hear your views. Thanks in advance.

  3. Good day Sean. Am considering building a long audusd posn from current or below current depressed levels. What’s your view of the prospect of it going back up to 96 levels in medium to slightly longer time frame? Thanks in advance.

  4. Hi Tim. If you a really patient long-term position builder, I think this is the trade of the year! I still like the AUD story compared with most other majors and once this bearish sentiment has passed, and the mkt has gotten itself suitably short, then we see a huge rally back above 1.00. But timing is everythg as always. I have a bid in the market at 8780 and will start building from there.

  5. Thanks much Sean. Sorry for the multi posts as I think there was something wrong with the server. Yep will patiently build from here as I believe the price has outrunned the long term fundamentals by miles! Thanks again Sean and have a great weekend.

  6. Sometimes everything goes to spam for no apparent reason, hence your posts didn’t appear for quite a while. Technology… Likewise, time to pull up stumps for week. At least I lost nothing, which is often a good result 🙂

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