In two weeks the Aud could be .60 usd and inflation heading towards 12%. The RBA needs to raise rates the next day after the US to keep our foreign exchange stable.
A neccessary rise of 1% will likely cause a market correction up to 10% or more. RMS could fall to 40 cents within 3 weeks which I find amazing.
A financial advisor who was linked to AMP became edgy with me a couple of months ago. He said, if you convert to cash you cant recover your loss. Financial advisors and fund mangers drown investments as the market enters a correction or crash similar to 2008. This is maintaining market sentiment to some extent, lack of action..
The level of funds under management leads me to belive market sentiment is a lot worst but the effect is delayed because the market has not converted to cash.
In two weeks the Aud could be .60 usd and inflation heading...
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Last
$1.96 |
Change
0.075(3.98%) |
Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |