Day traders' after-market lounge December 10, page-24

happy Friday eve everyone .

look I'm not doubting the recovery is well on it's way , but where not out of the woods just yet. look at all the major crashes and the false bottoms.

yesterday I mentioned the aud.

currently it's @ 74.67 crazyyyyy when it bottomed out low 50's in March


aud at this price isn't good.

why?

first of all the confidence and conditions right now are BETTER now then the period pre pandemic .

crazy right

and with all the Monteray and fiscal policy all over the world that has been put in place its recovered.

economics 101 - rising aud is a sign of a strong economy

but if it goes any higher - ... I'll let you fill in the blanks

what's pushing it higher - someone quote my post and added Iron ore , that's correct , low interest rates which I quoted yesterday , QE policy which I mention couple of months ago ( they started that when aud was 70 cents )


bottom line everyone loses from a rising aud expect iron ore as the demand is so strong


everyone is losing with a strong aud . for a recovery to take place we need a vaccine . it's simple