ASX vs China index, Australia loosing to high Aussie Dolllar.

32 0 0
ASX (blue) vs China stock market (RED).
Despite the well reported huge sell off of the China stock market our ASX 200             is still performing lower.
Why? I blame the RBA and Glen Stevens... RBA release of statements that are foolishly of positive narrative to bullish tone on the Aussie Dollar ( ) which is crippling us economically. The international markets have of late and will continue to jump all over the AUD if they continue to get any decently positive signals from RBA and thus will sell big caps like BHP             and the Banks as its kryptonite to our economic heath.... .
As the article above notes the RBA has been consistantly pumping more positive tones which is a stark contrast to its bearish tones on the AUD which it stopped doing in August and the AUD has stopped moving down since then!

Its a huge contrast to how other central bankers play the game..
While Janet Yellen at the USA fed reserve will use the excuse of the volatile chinese stock market as an excuse not to raise rates/USD while having 5% unemployment . Compare that to our Glen Stevens is happy to talk up the AUD just for fun, while our unemployment is higher!

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out