As you know I have been telling you I expect the Aussie Dollar to fall. Today it has dropped close to 1c in value and here is why…
- Weaker than expected inflation means the Reserve Bank is not likely to put interest rates up in 2014. Low interest rates means a low Aussie Dollar.
- China’s latest manufacturing report also showed another month of contraction which makes 4 months in a row of weaker data. A weaker China means a weaker Aussie economy and a lower Aussie Dollar.
At 1pm AEST our current position is 80 ticks in profit, meaning that if you took the trade with a volume of $10 per tick you’d be $800 dollars in front. All for less than 4 minutes work.
I expect today could be the tipping point for the Aussie Dollar and with next months Federal Budget to come and history showing the Aussie Dollar falls the most between May and September our Inner Circle Members are likely on another profitable ride.
FYI, I have another Inner Circle tip for you. The Reserve Bank of New Zealand is likely going to lift official interest rates tomorrow and push the Aussie Dollar down in value against the Kiwi Dollar. I have told our Inner Circle Members this today and they are already positioned and ready to profit.
I still have a handful of places left in our current Inner Circle membership induction. If you want to make 2014 your best financial year yet call us today on 1800 436 739 and we’ll get started.