No...but I have made some coin on the political shenanigans in Aus, shorted ASX and the Aussie. Pathetic shower
, can't get their noses out the trough and they are about the best paid in the world btw and the least educated if you can bear to listen in to a "debate" in Parliament. Still holding some trades after adjusting stops to profit.Lets see what tomorrow brings....
No...but I have made some coin on the political shenanigans in Aus, shorted ASX and the Aussie. Pathetic shower
Still holding some trades after adjusting stops to profit.Lets see what tomorrow brings....
hey mate any chance you can throw some news articles my way so I can read about the specifics your mentioning. Are you aussie?
There is currently a leadership spill. PM likely to be deposed. If you google it you will have plenty of news.
From the fundamental viewpoint Aus has unstable Govts at leadership level. No PM has served a full term since about 2007. At the macro level bad for external investment and at micro the country lacks investment in infrastructure vs population growth due coalitions horsetrading policies and to porkbarrelling with constant general elections (every 3 yrs regardless).
Economy is distorted with resource led export predominant and a massive household debt level with very high income to house price levels. Currently the financial sector is under scrutiny with a Royal Commision for ripping off investors/borrowers and that is likely to result in a credit squeeze.
Investment from China and flogging resources to same has staved off recession, but China might have a credit squeeze and that could change.
The average Aussie is an expert in getting their welfare entitlements, the sports results, buying a shiny new ute ( on credit) but fairly clueless (I'm being polite) and
Xenophobic.
Yes, I am Aussie (among other things).
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Looks like I missed it...
Potential trade opportunity coming up with Core Durable Goods Orders m/m
expected is 0.5 but i suspect it might be higher with rumors of businesses front loading to avoid tariffs. We also have Powell later today doing a speech titled "Monetary Policy in a Changing Economy" which could also be market moving but also could be a dud but if he highlights additional risks not discussed in policy minutes or previous communications then we could see some action.
expected is 0.5 but i suspect it might be higher with rumors of businesses front loading to avoid tariffs. We also have Powell later today doing a speech titled "Monetary Policy in a Changing Economy" which could also be market moving but also could be a dud but if he highlights additional risks not discussed in policy minutes or previous communications then we could see some action.
So it looks like I am going to move brokers again. I was looking at their rollovers and there is some dodgy dealings going on there. https://www.fxpro.co.uk/trading/calculators/swap
Take nzdusd as am example where US is 2% and NZD is 1.75%. A short position should earn and a long position should be paid. Not with FX Pro. Those @ssh0les seem to take a share of the rollover. While I do not really hold positions it leaves a bad taste that they are doing this so I am on the hunt for another broker.
Take nzdusd as am example where US is 2% and NZD is 1.75%. A short position should earn and a long position should be paid. Not with FX Pro. Those @ssh0les seem to take a share of the rollover. While I do not really hold positions it leaves a bad taste that they are doing this so I am on the hunt for another broker.
Right, back to the thread and less pointless levels or assumptions where things are going. Feel free to start your own thread but don't come here and with that because I'll just close this thread and start a new one completely locked down which wouldn't be fair to others that want to participate in context to the thread.