that a nice chart.. broadly speaking the average lift in shareprice is 70% when the currency trend is a tailwind I will be presumptious without the data to say thats probably skewed in commodity stocks favour.
have you any charting on similar analysis by sector?
as an example here is gold miners to godl ratio (bottom) and AUDUSD top since the GFC I wonder if you might have a breakdown of the market cap by sector overlaid with the currency to show exactly where the capital flows when our market is risk on
im thinking .. if USD falls and WDS has lots of US gas exposure.. cheaper costs due to currency denomination, and risk on for the Australian listing.. though its also US listed.. not sure how that will effect things... possibly a favourable factor if it makes it easier for US investors to pile into while staying on their own exchange
US gas is also extraordinatrily cheap.. I think once the US expands its LNG capacity to export to Europe.. that would be a strong tailwind for US gas prices
WDS Price at posting:
$25.20 Sentiment: Buy Disclosure: Held
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