Experimented with the live video broadcasting capability of Google+ today – it’s call a Hangout On Air. You could have seen this live on YouTube or through your Google+ stream (if you use Google+). I’m not much into social networks but this technology is pretty cool.
And so another video on the Aussie Dollar, I’m afraid. Feel like I’m flogging a dead horse but it was prompted by this email:
“As always Barry, l appreciate your videos and the efforts you put into them very much. However, on this occasion, l find myself at odds re the short term fate of the Aussie.
l think 99.5 is pretty much the bottom for now and that we will see a sharp push back beyond parity and toward 1.10.
But as always, our job should be to react, not predict. Keep up the great work.” Neil O.
Like Neil says, who knows the future. But I’m bullish on the US Dollar, and have been for 2 years, and so by implication have to be bearish the Aussie Dollar. Remember the Dollar Index had a Low of 72.7 back in May 2011 and now sits at 83.1 (a rise of 14%). The Aussie Dollar’s high in May 2011 was $1.10 and we now sit at $1.00 (in the cash Forex market).
Good luck with your Emini trading.