I agree with you. I am afraid it will take some time for the penny to drop.
Have you seen "Finding Nemo?"
The point is about herd behaviour. The shoal of fish Dory and Marlin ask for directions from move in a coordinated manner together with little intelligent thought, on sentiment. That is exactly how the currency market is. There was a time when overseas markets fell, the Australian dollar would fall but that correlation has well and truly been broken.
$aud and ironore, both can not be right?, page-2
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |