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Worries in Aussie?

by Gav 5 Comments

Is Australia heading to recession? Some said next 3 months are crucial…

Think of it like this: we are in a car that has been braking sharply as a result of higher interest rates, higher petrol prices, diminishing household wealth and fear of what might lie ahead. Now the car has slowed sharply, the question is whether we, the decision-makers of the economy, keep our foot on the brake, and slow down even further, or release it to keep cruising at our present speed.

The Reserve’s goal was the latter: if Australia’s growth in output slows to about 2.5% — 2% excluding farms and mining — it believes inflation will gradually crawl back within its target zone of 2% to 3%.

Are the decision-makers, the good driver? Not too sure.

Full article from TheAge.com

Filed Under: Links, news Tagged With: AUDUSD, FX, Gold, Trading Journal

Reader Interactions

Comments

  1. Gav says

    at 9:45 pm

    Quick question Gav,
    Am looking at point and figure charts, have you ever used them? do you know of any good sites etc to get p&f charts online?
    Hope all goes well,
    Gav

    Reply
    • Gav says

      at 5:19 am

      I don’t use P&F chart now. For forex, I remember VT Trader provides P&F chart in the software.

      Check it out.

      Reply
  2. Gav says

    at 8:45 am

    Quick question Gav,
    Am looking at point and figure charts, have you ever used them? do you know of any good sites etc to get p&f charts online?
    Hope all goes well,
    Gav

    Reply
    • Gav says

      at 4:19 pm

      I don’t use P&F chart now. For forex, I remember VT Trader provides P&F chart in the software.

      Check it out.

      Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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