Richard Grace
Richard Grace
Colonel Richard Gracewas an Irish Royalist soldier who fought for Charles I, Charles II and James II...
certainly fed finish pause
The Fed is going to finish at about 5 percent, or certainly pause at 5 percent.
assume attention australian begin bet cents decline dollar few held key last paying people safer technical trend
The safer bet is to assume the Australian dollar will decline and begin to trend lower. Because 75.80 cents has held so well for the last few months, people are paying attention to this key technical level.
base commodity days fallen falls gold including prices
Commodity prices have fallen for two days in a row, with the falls including gold and base metals.
australian break dollar downward failed otherwise perspective technical trend
From a technical perspective the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend. The Australian dollar's downward trend is still in place.
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I'd buy the Australian dollar next week. The data could continue to be stronger, which will generate a rally.
becomes change clear dollar fed finished quarter rise trend until
The U.S. dollar trend is going to rise through the end of the first quarter of 2006. Until it becomes clear the Fed is finished tightening rates, I don't think we will see a change in the trend.
australian break dollar downward failed otherwise perspective technical trend
The Australian dollar's downward trend is still in place. From a technical perspective, the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend.
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The Australian dollar could head higher this week. The CPI will be on the strong side, so we might get some interest rate-expectations creep in.
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There's a risk the statement will be watered down. This will be negative for interest rates, the yield gap will narrow further, and the Australian dollar will go down.
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There will be less reasons for the Reserve Bank to hike and less reasons to support the Australian dollar. We'll finish the week lower.
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The move in the interest rate market is giving some underlying support to the Australian dollar.
ahead buying data dollar industrial markets people pricing production risk start stronger
Markets may start pricing in some stronger data as there's a risk industrial production is better than expected. People will start buying the dollar ahead of it.
australian earlier environment favorable hike market rate
This is a very favorable environment for the Australian dollar. The rate hike has come earlier than many in the market expected.
behind coffee cup gets nap rest stop
Once a person gets drowsy behind the wheel, there's nothing you can do about it but stop and get rest. A nap and a cup of coffee can do wonders.