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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Oct 28th 2009, 1:37 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by ABCDiamond
Nothing changes on that then... it just continues..
Like a Rolling Stone!!
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Old Oct 28th 2009, 9:27 pm
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Default Re: 1.93's A$ to the Pound!!!

The £ is having a bit of a rally

She's on the climb, i have no idea why or for how long !!!


Stu
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Old Oct 28th 2009, 9:46 pm
  #738  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Stu Ward
The £ is having a bit of a rally

She's on the climb, i have no idea why or for how long !!!



Stu
coz stockmarkets are down = aud down vs yank $ and = £ up vs aud

I still expect stockmarkets to take another hit and £ will fly!

The bottom I called couple of weeks ago looking good, hope all those wanting to buy back £'s took advantage!
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Old Oct 28th 2009, 11:32 pm
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Default Re: 1.93's A$ to the Pound!!!

1.8246 at moment

2 of Australia's big 4 banks have reported around 11% drop in profits this week and said that Australia's economy is still 'fragile.' ANZ's results mirrored NAB's with a huge rise in bad debts up 46% to 3$ billion.

I wonder what the other two will report?

Is this the start of the 'double dip?'

What will the Rudd Government use this time to keep Oz out of the s**t and can it?
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Old Oct 29th 2009, 12:43 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by swigski
1.8246 at moment

2 of Australia's big 4 banks have reported around 11% drop in profits this week and said that Australia's economy is still 'fragile.' ANZ's results mirrored NAB's with a huge rise in bad debts up 46% to 3$ billion.

I wonder what the other two will report?

Is this the start of the 'double dip?'

What will the Rudd Government use this time to keep Oz out of the s**t and can it?
Valid points there, but what if quantative easing is extended in Uk next month ? ..double dip UK too ?
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Old Oct 29th 2009, 1:06 am
  #741  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by swigski
2 of Australia's big 4 banks have reported around 11% drop in profits this week ?
The poor banks....

NAB annual net profit
2008/09 $2.59 billion
2007/08 $4.54 billion

ANZ annual net profit
2008/09 $2.94 billion
2007/08 $3.32 billion
 
Old Oct 29th 2009, 1:45 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by mindblower
Valid points there, but what if quantative easing is extended in Uk next month ? ..double dip UK too ?
Oh lets not forget Australian interest rates are expected to go up another .25% next week.
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Old Oct 29th 2009, 8:45 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Centurion
Oh lets not forget Australian interest rates are expected to go up another .25% next week.
Love the positive attitude BUT:

http://www.smh.com.au/business/rba-l...ml?autostart=1

Stockmarket at lowest point for 4 months as correction now takes place amid concerns recovery has stagnated.

New home sales slumped 4.5% in September

All news headlines on the Australian Economy today.
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Old Oct 29th 2009, 8:53 am
  #744  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by swigski
Love the positive attitude BUT:

http://www.smh.com.au/business/rba-l...ml?autostart=1

Stockmarket at lowest point for 4 months as correction now takes place amid concerns recovery has stagnated.

New home sales slumped 4.5% in September

All news headlines on the Australian Economy today.

Yes, but then there are always these:

Home prices rise as owners upgrade

Worst has passed: ANZ


I've given up trying to second geuss this market. For every doom and gloom nay sayer, there is somebody just as willing to assert the alternative.


S
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Old Oct 29th 2009, 12:39 pm
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Default Re: 1.93's A$ to the Pound!!!

So I'm guessing those that are getting their stimulus money around about now should maybe considers cut price shares in the double dip
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Old Oct 30th 2009, 12:46 am
  #746  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by swigski
New home sales slumped 4.5% in September
Average it out though, and what does it really mean ?
Nationwide homes sales sank 4.5 per cent in September, following a 11.4 per cent jump in August, according to data from the Housing Industry Association.

HIA chief economist Harley Dale says the decline is not surprising.
He says it shows interest eased off after the boosted first homeowners grant was pared back.
 
Old Oct 30th 2009, 2:05 am
  #747  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by ABCDiamond
Average it out though, and what does it really mean ?
Averages again!

The point I have been trying to make, not very successfully, is that the massive stimulus is wearing or worn out and things are beginning to get very shaky in the OZ economy if some of the headlines are anything to go by.

The Averages during the stimulus payment period especially for new home sales will be higher obviously. Now they are going down as are the stock markets and the Aus $.

Would be interesting to see what the averages are after Christmas?
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Old Oct 30th 2009, 2:06 am
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Default Re: 1.93's A$ to the Pound!!!

I wonder what percentage of the people entitled are getting their stimulus money around now because they normally claim FTB at the end of the year?
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Old Oct 30th 2009, 2:12 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Swerv-o
Yes, but then there are always these:

Home prices rise as owners upgrade

A 3.7% rise UP TO Sept 09 in the UPPER end of market to owners up-sizing having probably sold their homes to FTB and increased their asking price by the Buyers grant. Interestingly 3.7% of the median house price in Sydney is around $22000!!!

Worst has passed: ANZ

Headline sounds promising BUT he also says:

conditions are still very volatile, with the global economy facing "many difficulties" and the Australian economy, in turn, greatly dependent on the global recovery continuing.



I've given up trying to second geuss this market. For every doom and gloom nay sayer, there is somebody just as willing to assert the alternative.


S
More doom and gloom!
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Old Oct 30th 2009, 2:15 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MartinLuther
I wonder what percentage of the people entitled are getting their stimulus money around now because they normally claim FTB at the end of the year?
Don't really understand what your getting at? Are you saying that people entitled to the FHB grant won't get it until end of year?
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