Snapshot summary :
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. RBA, Australian central bank changes tune
. On interest hike
. After news of other central banks buying Aussie
. Diversifying out of US$
. To avoid double boosting the currency, Aussie dollar
. Other Central banks buying & funds attracted by higher interest rate
. Will send Aussie sky rocketing.
. Probably will raise bank capital reserve ratio
This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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