WHAT !!!! 50p !
Mar 17th 2009, 6:46 pm
#1
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WHAT !!!! 50p !
Looks like the dollar is heading back to 50pence this could mean new opportunity for some 
Is it time to get set ?
Is it time to get set ?
Mar 17th 2009, 11:24 pm
#2
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Re: WHAT !!!! 50p !
Nah! A temporary glitch. Soon it will return to a level playing field once the exchange dealers get a bit of blue sky thinking going. Looking on the upside, when you take a holistic approach to the whole exchange interface, the confidence will return to the dealing forum in the future, looking forward.
So if you have A$, hold.
TD
So if you have A$, hold.
TD
Mar 18th 2009, 8:04 pm
#3
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Re: WHAT !!!! 50p !
Nah! A temporary glitch. Soon it will return to a level playing field once the exchange dealers get a bit of blue sky thinking going. Looking on the upside, when you take a holistic approach to the whole exchange interface, the confidence will return to the dealing forum in the future, looking forward.
So if you have A$, hold.
TD
So if you have A$, hold.
TD
There is a view that the Australian dollar broke out of its recent range (between $0.63 and $0.66) against the greenback and is testing resistance at $0.6850. Breakout would offer a target of the January high of $0.7250, while respect would indicate another test of $0.63. In the long term, failure of $0.60 would target the 2001 lows between $0.48 and $0.50. And breakout above 72.50 would offer a target of the September high of $0.85; calculated as 0.7250 + ( 0.7250 - 0.6000 ). these are against the us dollar though .
Mar 19th 2009, 12:42 am
#4
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Re: WHAT !!!! 50p !
There is a view that the Australian dollar broke out of its recent range (between $0.63 and $0.66) against the greenback and is testing resistance at $0.6850. Breakout would offer a target of the January high of $0.7250, while respect would indicate another test of $0.63. In the long term, failure of $0.60 would target the 2001 lows between $0.48 and $0.50. And breakout above 72.50 would offer a target of the September high of $0.85; calculated as 0.7250 + ( 0.7250 - 0.6000 ). these are against the us dollar though .
It's like English but it's not. far too clever for me mate
Mar 19th 2009, 12:52 am
#5
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Re: WHAT !!!! 50p !
Boo to a strong Aussie dollar (right now - in three years, it'll be the opposite)!
But also: there's nothing good about a strong Aussie dollar except cheap holidays to Bali. If you're actually trying to produce stuff in Oz to sell to Aussies or for export (inc tourism), then you want an abysmally weak Aussie dollar - it makes your stuff cheaper for foreigners, and makes Aussies more likely to buy home-made stuff...
...which is also why the "uproar" about the undies jobs is so hypocritical. People and pollies are slagging off the manufacturers for moving production to SE Asia, but those same people wouldn't ever spend 10c extra to buy Aussie-made stuff. What did you think was going to happen?
But also: there's nothing good about a strong Aussie dollar except cheap holidays to Bali. If you're actually trying to produce stuff in Oz to sell to Aussies or for export (inc tourism), then you want an abysmally weak Aussie dollar - it makes your stuff cheaper for foreigners, and makes Aussies more likely to buy home-made stuff...
...which is also why the "uproar" about the undies jobs is so hypocritical. People and pollies are slagging off the manufacturers for moving production to SE Asia, but those same people wouldn't ever spend 10c extra to buy Aussie-made stuff. What did you think was going to happen?
Last edited by lapin_windstar; Mar 19th 2009 at 12:55 am.
Mar 19th 2009, 5:35 am
#6
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Re: WHAT !!!! 50p !
The power of copy n' paste ;-)
http://www.incrediblecharts.com/trad...ding_diary.php
"Australian Dollar
The Australian dollar broke out of its recent range (between $0.63 and $0.66) against the greenback and is testing resistance at $0.6850. Breakout would offer a target of the January high of $0.7250, while respect would indicate another test of $0.63. In the long term, failure of $0.60 would target the 2001 lows between $0.48 and $0.50. And breakout above 72.50 would offer a target of the September high of $0.85; calculated as 0.7250 + ( 0.7250 - 0.6000 ). "
http://www.incrediblecharts.com/trad...ding_diary.php
"Australian Dollar
The Australian dollar broke out of its recent range (between $0.63 and $0.66) against the greenback and is testing resistance at $0.6850. Breakout would offer a target of the January high of $0.7250, while respect would indicate another test of $0.63. In the long term, failure of $0.60 would target the 2001 lows between $0.48 and $0.50. And breakout above 72.50 would offer a target of the September high of $0.85; calculated as 0.7250 + ( 0.7250 - 0.6000 ). "
Mar 19th 2009, 11:51 am
#7
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Re: WHAT !!!! 50p !
Combine in plummeting airfares thanks to slump in demand and fuel prices and so far things are looking pretty OK!!
I look forward to being able to drive from Hampshire to Cumbria in a few weeks time on holiday without having to remortgage the house to fill up with petrol!
Mar 19th 2009, 4:46 pm
#8
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Re: WHAT !!!! 50p !
Boo to a strong Aussie dollar (right now - in three years, it'll be the opposite)!
But also: there's nothing good about a strong Aussie dollar except cheap holidays to Bali. If you're actually trying to produce stuff in Oz to sell to Aussies or for export (inc tourism), then you want an abysmally weak Aussie dollar - it makes your stuff cheaper for foreigners, and makes Aussies more likely to buy home-made stuff...
...which is also why the "uproar" about the undies jobs is so hypocritical. People and pollies are slagging off the manufacturers for moving production to SE Asia, but those same people wouldn't ever spend 10c extra to buy Aussie-made stuff. What did you think was going to happen?
But also: there's nothing good about a strong Aussie dollar except cheap holidays to Bali. If you're actually trying to produce stuff in Oz to sell to Aussies or for export (inc tourism), then you want an abysmally weak Aussie dollar - it makes your stuff cheaper for foreigners, and makes Aussies more likely to buy home-made stuff...
...which is also why the "uproar" about the undies jobs is so hypocritical. People and pollies are slagging off the manufacturers for moving production to SE Asia, but those same people wouldn't ever spend 10c extra to buy Aussie-made stuff. What did you think was going to happen?
Mar 19th 2009, 4:50 pm
#9
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Re: WHAT !!!! 50p !
The power of copy n' paste ;-)
http://www.incrediblecharts.com/trad...ding_diary.php
"Australian Dollar
The Australian dollar broke out of its recent range (between $0.63 and $0.66) against the greenback and is testing resistance at $0.6850. Breakout would offer a target of the January high of $0.7250, while respect would indicate another test of $0.63. In the long term, failure of $0.60 would target the 2001 lows between $0.48 and $0.50. And breakout above 72.50 would offer a target of the September high of $0.85; calculated as 0.7250 + ( 0.7250 - 0.6000 ). "
http://www.incrediblecharts.com/trad...ding_diary.php
"Australian Dollar
The Australian dollar broke out of its recent range (between $0.63 and $0.66) against the greenback and is testing resistance at $0.6850. Breakout would offer a target of the January high of $0.7250, while respect would indicate another test of $0.63. In the long term, failure of $0.60 would target the 2001 lows between $0.48 and $0.50. And breakout above 72.50 would offer a target of the September high of $0.85; calculated as 0.7250 + ( 0.7250 - 0.6000 ). "
Did you say you were irish
Mar 19th 2009, 4:52 pm
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Re: WHAT !!!! 50p !
Are you kidding? in *this* forum a strong aussie dollar is very welcome. With lots of people living here in Australia and with family back in UK a strong dollar can make that 'once every few years' holiday back home a much more affordable reality.
Combine in plummeting airfares thanks to slump in demand and fuel prices and so far things are looking pretty OK!!
I look forward to being able to drive from Hampshire to Cumbria in a few weeks time on holiday without having to remortgage the house to fill up with petrol!
Combine in plummeting airfares thanks to slump in demand and fuel prices and so far things are looking pretty OK!!
I look forward to being able to drive from Hampshire to Cumbria in a few weeks time on holiday without having to remortgage the house to fill up with petrol!
Could you imagine parity
Mar 20th 2009, 2:13 pm
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Mar 22nd 2009, 12:42 pm
#13
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Re: WHAT !!!! 50p !
Just moved our money over from the UK to buy a house and I for one am not happy that the AUD is strong!
Mar 22nd 2009, 4:15 pm
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