What's your prediction on the Australian Dollar?

[knasty]

At this point my Aa miles are a better store of value than the Aud. If only my super fund could invest in AA miles....guaranteed enjoyment in retirement

 

[hummel]

I'm guessing further increases as property is now cheaper to foreign buyers?

That's ok then... my place will hit the market this week.

 

[Deleted member]

This whole thing is a joke. China collapses so everyone follows suit.

I am seriously considering selling all my investments. If I don't it is going to hurt when the crash happens. It will be like no crash we have witnessed in our entire existence.

You sound like you're surprised!
This happens all the time.

 

[footy99]

I'm guessing further increases as property is now cheaper to foreign buyers?

You'd think the same logic would apply to the asx...

Stocks do this periodically. The extreme nature of some of the currency drops concurrent with it is more concerning.

 

[footy99]

FWIW I reckon the asx will be routed today just like yesterday's biggest fall since recession and last week, although thats probably not a contrarian prediction. The combination with commodities/currency rout means it can only really go one way.

Creates incredible opportunities for anyone not currently in the market in the near term.

 

[MEL_Traveller]

Hmmm - so made a paypal payment today to the states - paypal offered dynamic currency conversion of just over .69 to the AUD. I was almost tempted in this case to take it!

 

[drron]

I'm guessing further increases as property is now cheaper to foreign buyers?

Not neccessarily.One scenario I have seen has the share market crash in China being put down to the anticorruption drive starting to hurt so easily realised assets are being sold.Then that money will flow OS so foreign real estate goes up.However that is obviously self limiting so those Chinese who have bought of the plan may not have the readies to complete the purchase on construction leading to a flood of new properties coming on the market and that will be the trigger for Sydney and Melbourne house prices to head south rather rapidly.
If that does happen I predict many of those complaining that Sydney houses are unaffordable will complain they have become too affordable.

So the correct answer re housing prices is that nobody really knows.

 

[Deleted member 6404]

Become a hermit and head for the hills !!!

I've done that for a few years now, off the Bullsh*t merry go round chasing paper, lol and it feels great.
Good luck to all in debt there's more hurt to come watch around October,

got to go and pick my home grown fruit and veg

 

[quokka77]

Well that little rally was unexpected (except for maybe TMA). AUD has put on more than 1% today too. Less pain than yesterday but let's see if the US follows Asia's lead (excluding Shanghai) tonight.

 

[footy99]

Well that little rally was unexpected (except for maybe TMA). AUD has put on more than 1% today too. Less pain than yesterday but let's see if the US follows Asia's lead (excluding Shanghai) tonight.

PLANT picked it too!

Good thing I'm not a day trader - I was expecting the same result in reverse.

 

[JohnK]

You sound like you're surprised!
This happens all the time.

You can tell I don't follow the stock market.

I am concerned for my future. I wanted to retire in 4-5 years. The global economy is heading for serious collapse. Think Great depression and multiply some. My money is in property not shares. Still not safe.

Oh and even if everyone wanted to pull out their money there isn't enough money to cover it.

 

[TheRealTMA]

Well that little rally was unexpected (except for maybe TMA). AUD has put on more than 1% today too. Less pain than yesterday but let's see if the US follows Asia's lead (excluding Shanghai) tonight.

Why unexpected? Made a few grand today in the market. Some were up 10% by end of trade. Even QAN was up some 4%.

bit of a no brainer to buy this morning...( and sell in afternoon if you're nervous.)

but the dollar vs other currencies is beyond my sanity and understanding. Too many computerised systems in that market.

 

[moa999]

And QAN should have been up today - oil crunched overnight, and the AUD down -- both generally positive... Yet it was down on the open

Day traded and made 15c a share
(Albeit my other two day trades didn't make as much)

 

[moa999]

Still somewhat nervous - Shanghai closed 7.6% down, albeit UK FTSE showing a good lead at 3.4% up

 

[BettyB]

Surely the trend is down another 10% for the AUD before there's any hint of significant upwards movement.

 

[trixydoza]

Still somewhat nervous - Shanghai closed 7.6% down

China's just cut rates, though.

 

[moa999]

China's just cut rates, though.

They also increased bank reserve ratio which reduces liquidity

 

[whatmeworry]

How the market is like now.

[video=youtube_share;mTPPh_njF5Q]https://youtu.be/mTPPh_njF5Q[/video]

 

[trixydoza]

They also increased bank reserve ratio

They lowered it...

China central bank cuts rates, reserve ratio to aid stumbling economy | Reuters

China's central bank cut interest rates and simultaneously relaxed reserve requirements for the second time in two months on Tuesday

 

[drron]

So since the beginning of August the All Ordinaries is down about 500 points-nearly 10%.A bounce was to be expected some time this week.The $64 question is whether this bounce can hold.
I expect we will see several rallies in what I believe now is a bear market.Although the Great Depression started with a large drop in October 1929 the bottom in the market was some years later with many rallies on the way down.
I also dont believe China is the real reason for the falls.We are seeing the beginning of the unwinding of the great credit/debt binge of the last 3 decades.China may well grow strongly over the next few months but it probably wont help Australia as they are trying to transform into a consumer economy meaning it wont be needing our commodities in such large amounts.
But as I said before I doubt anybody is really sure of what will eventuate over the coming months.This is just my take on it.