AUD 02 (Feb 12 - Dec 20)

[iam802]

AUD/SGD holding now.

--
RBA Lowers Key Rate As Europe, China Growth Risks Mount: Economy

http://www.bloomberg.com/news/2012-06-0 ... rowth.html

[winston]

A Rare Opportunity in the Australian Dollar By Dr. Steve Sjuggerud

Right now, the Australian dollar is a perfect example of what I look for in my True Wealth newsletter…

It is cheap, hated, and in an uptrend.

It is time to buy Aussie dollars.

You'll collect 3.7% interest… And you'll profit as the currency rises in value. You'd be surprised how much a currency can rise when it gets going – the Aussie dollar, for example, nearly doubled in value after bottoming in late 2008.

Backing up a bit…

The Aussie dollar bottomed at the beginning of June. Take a look…

Since then, the Aussie dollar has been going up. Its uptrend is firmly in place.

This is crucial to us. It is one of the three things we look for in an investment.

Meanwhile, the Aussie dollar is more hated than ever.

Specifically… in early June, investors had larger bets against the Aussie dollar than at any other time in history.Take a look…

As you can see in the chart above, every time the "Commitment of Traders" fell below that black horizontal line, the Aussie dollar eventually entered a three-month rally. (Commitment of Traders simply displays whether speculators are betting on higher or lower prices for the Aussie dollar.)

Today, the Aussie dollar is coming off an all-time extreme low. Just a month ago, there were more bets out there against the Aussie dollar than ever. Those bets have already started to unwind. And it's causing the Aussie dollar to rise.

The perfect time to buy is when the uptrend has slightly appeared, but sentiment is still bad. And that's where we are today…

Even better, the Aussie dollar is the best value out there of all the major currencies, measured by yield. It's paying 3.7% interest. (Compare that to less than 1% from short-term U.S. Treasurys.)

Longtime readers know we look for three things in a True Wealth investment… We want it to be
1) cheap (a good value),
2) hated (or at least ignored), and
3) in an uptrend (or what appears to be the start of one).

We have all three in the Australian dollar.

We can easily purchase the Aussie dollar through the CurrencyShares Australia Dollar Trust (FXA). This fund pays monthly dividends worth 3.7%. And it's my preferred way to invest.

Everything we look for in a trade is right here, in Aussie dollars. Don't miss it.


Source: www.dailywealth.com

[eauyong]

Good for risk currency such as the Aussie.

China PBOC cuts rates.
Full details on China rate cut:
-- China PBOC cuts 1-year lending rate by 31 basis points
-- China PBOC cuts 1-year deposit rate by 25 basis points
-- China PBOC to allow banks to lend 30% below lending rate floor

3 actions at-one-go !!

BOE DECISION:
BOE KEEPS INTEREST RATES AT 0.50% DURING THEIR JULY MEETING, AS EXPECTED.
BOE ANNOUNCES PURCHASE TARGET RATE FOR JULY AT 375B, IN LINE WITH EXPECTATIONS FOR 375B, AND HIGHER THAN JUNE'S 325B PROGRAM.

[winston]

vested

Australian dollar holds steady… the "safe haven" currency touches a four-month high.

[kennynah]

kaput

vested

Australian dollar holds steady… the "safe haven" currency touches a four-month high.

[eauyong]

Australian dollar jumps after HSBC China factory PMI hits 5-month high of 49.5

[kennynah]

c;mon...break below 1.02

[eauyong]

Will there be a squeeze at 1.0220 level

[eauyong]

Approaching 1.03, must be a short squeeze taking place

[kennynah]

Power man