rod178 said:The RBA is independent from Government influence
like the chinese wall between buy side and the sell side of an investment bank...
rod178 said:The RBA is independent from Government influence
sqa said:Some central bank should hire Baghdad Bob. He's a more legitimate spokesman.
http://www.forextell.com/fxww-industry-updates-for-august/?utm_source=Forextell+Newsletter&utm_campaign=ca864b82c3-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d4e0840ac5-ca864b82c3-179583801FXWW industry updates for August
FX market volumes continue to be hit by major structural changes across the market.
The big interbank players have basically ceased to take on any proprietary risk, leading to a big drop in volumes, and in many cases they have changed their market-making activities also. Most of the banks are acting now like pure broking operations only.
Hedge funds and professional traders have quickly adapted their trading styles to the new volume-reduced trading conditions. It’s now a case of taking your 50 pips and running.
The retail market is also going through some upheaval. Volumes are significantly lower across all of the big brokers and many traders have left the industry due to lack of opportunity/profitability.
sqa said:That is a good glossary list.
AusDoc said:G'day sqa,
Yep, I thought so. It's not exactly comprehensive but is so succinct and clear I thought some members might appreciate it.
sqa said:Might be useful for family members that need a translation service.
AusDoc said:GBP/USD is called ‘cable’ because the first physical connection between London and NY was a cable between banks establishing an exchange rate for the time.
The EUR/USD is called ‘fiber’ in many retail spaces as it’s a German version of a cable.
foreigner said:Im no expert, but a quick decipher of the word 'cable' leads me to the word 'Cabal' as in conspiring group.
The word 'Fiber' leads to the word 'Fibber' or Fib meaning lie...
If the ECB were to combine unlimited QE with a temporary price-level target – 2 per cent on average for five years – it could stimulate the economy and inflation, while remaining true to its mandate of price stability close to 2 per cent. Such a temporary price-level target would be new territory for the ECB, as would QE. But after years of misjudging the state of the economy and inflation, it is time for the ECB to be bold and innovative. The 19 million unemployed in the eurozone certainly deserve that the ECB makes every attempt at spurring a recovery worthy of the name.
AusDoc said:An interesting tweet from Chris Weston (IG-Markets):
Story of the FX market: 2-yr bond negative rates in:
France,
Germany,
Switzerland,
Cyprus,
Belgium,
Finland,
Denmark,
Austria.
But in Australia: +2.56%
TopFroxx said:why do you think that is?
AusDoc said:I'm no economist, I just read it the way you would. The bond rates are the verdict of the financial markets on the state of economies and the forecast of future performance for a stated period.
Looking at the list you can see, I think, why the AUD has so much resilience. Who would invest in the other countries if they had a free choice to invest in Australia instead? That's why there is so much cash flowing into Australia, underwriting its value. It is an obvious choice when you see the positive returns compared with negative ones.
As for why Australia is doing so well, that's another story I guess. No doubt you will find plenty of Australian politicians willing to take credit for our brilliantly run economy. But that's all political hubris and nonsense. Given that we have experienced the greatest natural resources boom in our short history yet our governments managed during this period of massive income to actually get further into debt while we have nothing to show for it, I would say that our economy has not been well managed at all. So, I think Australia is doing well purely because overseas markets, principally China, want our natural resources.
Meanwhile, the other countries listed seem to have nothing to offer but debt. Even Germany, the economic power house of Europe, is slowing and thanks to the EU has to carry more than its fair share of the financial burden.
Anyway, that's how I see it. I thought Weston's list made the situation quite graphic.
AusDoc said:I'm no economist, I just read it the way you would. The bond rates are the verdict of the financial markets on the state of economies and the forecast of future performance for a stated period.
Looking at the list you can see, I think, why the AUD has so much resilience. Who would invest in the other countries if they had a free choice to invest in Australia instead? That's why there is so much cash flowing into Australia, underwriting its value. It is an obvious choice when you see the positive returns compared with negative ones.
As for why Australia is doing so well, that's another story I guess. No doubt you will find plenty of Australian politicians willing to take credit for our brilliantly run economy. But that's all political hubris and nonsense. Given that we have experienced the greatest natural resources boom in our short history yet our governments managed during this period of massive income to actually get further into debt while we have nothing to show for it, I would say that our economy has not been well managed at all. So, I think Australia is doing well purely because overseas markets, principally China, want our natural resources.
Meanwhile, the other countries listed seem to have nothing to offer but debt. Even Germany, the economic power house of Europe, is slowing and thanks to the EU has to carry more than its fair share of the financial burden.
Anyway, that's how I see it. I thought Weston's list made the situation quite graphic.
TopFroxx said:australia better invest in other areas than the commodity sector then. planning to immigrate in about 2 years
the golden gun said:http://www.buzzfeed.com/simoncrerar/why-arachnophobes-should-skip-australia
still planning to immigrate to australia in about 2 years?