What's your prediction on the Australian Dollar?

[cove]

We get to Los Angeles on Friday and I will be buying raise.com gift cards to get an effective exchange rate of 0.88 at Mrscove's favourite steakhouse. You have to buy these discounted gift cards in the US. Some run up to 20% off that I will be buying.

 

[earlyriser]

We get to Los Angeles on Friday and I will be buying raise.com gift cards to get an effective exchange rate of 0.88 at Mrscove's favourite steakhouse. You have to buy these discounted gift cards in the US. Some run up to 20% off that I will be buying.

May I ask what you use to pay for these? 28 degrees?

 

[cove]

You could use 28 degrees or a Citibank debit card if you have no US credit cards.
I use a US Amex Premier Rewards card as it warehouses Kris Miles which is sweet.

 

[earlyriser]

Thanks. Had problems in the past with gift card sites but will try again soon!

 

[cove]

Gift cards have to be bought in the US for raise.com. You can look but not buy when you are in Australia.
Your first purchase will require a validating phone call.
I will buy the Hyatt ones,Ruth's Chris and DSW for starters as I already have others.
DSW and Ruth's Chris are one block away for us.
Cardpool,giftcardgranny and raise are sites I have visited. Costco in California have discounted gift cards as well.
You will need to be able to print the e-gift cards.

 

[earlyriser]

Thanks! Very good to know. US address needed also? I will have a US phone number.

 

[PLANT]

Brk were 100k a share.... I was going to make it Super via smsf but did not pull the pin

 

[ellen10]

We are currently in the US. The exchange rate we are getting from both the atm and via credit card is about 66 or 67.
But who cares we are having a great time!

 

[Doctore1003]

Now I feel better that I didn't buy $50K when the AUD/USD was at 1.10 if even a professional trader regrets not having stashed more USD during that time.

Hindsight is a wonderful thing! I learnt many years ago that trying to figure out where a market will be in 6/12/24 months time is a fool's errand. A few weeks or a couple of months from now is easier, once you have a lot of experience. You may get lucky occasionally with long-term 'predictions' but doing it consistently is almost impossible (it's a ticket to being a multi-multi-millionaire trader, and there aren't many of those out there.)

 

[RAM]

Now I feel better that I didn't buy $50K when the AUD/USD was at 1.10 if even a professional trader regrets not having stashed more USD during that time.

That's why most professional traders keep working until they get the shove unfortunately. Very, very few make consistent money on principal positions. One who did and effectively retired in his 30s was a guy called Ivan Wheen originally at BT Australia before being promoted to rarified heights overseas.

Had a hard time remembering all the addresses and postcodes for the houses he owned around the world.

One of his favourite sayings was "An early loss is the best loss."

 

[moa999]

Or setup a hedge fund.
Win big - take 20%
Lose big - sorry

 

[Awesom Andy]

Or setup a hedge fund.
Win big - take 20%
Lose big - sorry

Plus the 2% management fee no matter what happens. Of course, any audit, research, administration, and miscellaneous charges are charged to the fund as well, nicely hidden in the NAV price.

 

[quokka77]

AUD above 72.5 for the first time since mid September, and now approaching 73c on Friday afternoon. Pushing like the Australian scrum.

 

[cove]

With a high of .7343 overnight it is a good rally on the back drop of deteriorating US trade figures.

 

[Cruiser Elite]

Yep weaker US trade figures / weaker jobs figures and the AU economy keeps ticking over - that US rate hike almost consigned to dust bin - I am not ready to call bottom for AD yet - I didn't really expect sub .70 - but again as always in 3 to 6 mths time we'll all be wiser again huh?

 

[Flashback]

Rocketing up against the GBP too

Interbank Spot: Bid: 0.4790 Ask: 0.4794​

 

[Foreigner]

With a high of .7343 overnight it is a good rally on the back drop of deteriorating US trade figures.

The CPI outcome has put the AUD under pressure again. Today's low until now is 0.7113.

 

[JohnK]

The recent calm was too good to be true. Now for the storm?

 

[whatmeworry]

The recent calm was too good to be true. Now for the storm?

Last week someone was predicating 80c for xmas.

 

[JohnK]

Last week someone was predicating 80c for xmas.

That would be a good result.

Todays expert is the one that get todays exchange right. Tomorrow's expert is anyone's guess....