MB Fund Podcast: Boom or bust for the Australian dollar?

Will the Australian Dollar (AUD) continue to climb in 2021? In today’s investment webinar, Nucleus Wealth’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller discuss where next for the Australian dollar.
On the agenda:
  • Global and Australian growth
  • Interest rate differentials
  • Investor sentiment and technicals
  • The relative strength of the US dollar
  • Investment Impacts

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Tim Fuller is Head of Advice at the MacroBusiness Fund, which is powered by Nucleus Wealth.

The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.

 

 

Tim Fuller

Comments

    • AUDUSD… you guys always pick the hard ones lol.

      0.70

      I was going to say 0.77 based off this chart:
      https://gyazo.com/e36a13c856fcfd7e768e694de376d24b

      But then I realised the lesson, ” Always look left “. Historically, AUDUSD loves its V shapes and tends to fall faster then it rises. I can only conclude that it’ll fall faster then it rises.
      https://gyazo.com/71683f208061f4e8b30e819d575eae15

      Cons:
      – DXY ( Im still cautious on this huge uprising you guys speak of. Im monitoring it. )
      – China
      – ScoMo’s amazing ability to vaccinate everyone by November
      – The fact Covid gets worse in Winter

      Pro’s:
      – RBA money printing in December ( Merry Christmas Cash )
      – ScoMo’s ” Election Keeper ” money printing when election time comes.

      Brilliant video guys. Its got so much content in it that I’ll probably watch it 3 or 4 times. The world must be too small for you guys. You’ve just gone and predicted the entire world in a matter of seconds. If Fortune Telling was a science then you guys are certainly the Sooth Sayers of the 21st century. I really do love this stuff. It really is amazing what you guys do.

      So much to learn. Guess its why I really enjoy it.

      Wait… so upon this reasoning, that would mean something else too… *scratches head*… Hey thats bloody awesome… and with Bonds/Interest Rates falling ontop of that ha ha… the boomers are about to get a right royal a$$ kicking. So either the RBA prints its money machines till they start smoking or Australias Boomers are in for a scary future.
      https://gyazo.com/0a46b2a3d22d1b76bc4382722a5c4f69

      Ha ha… there is Kama. Thankyou MB. You made my day ha ha.

  1. russbw the idioticMEMBER

    very good thank you MB. I don’t really have a strong opinion on AUD 6 months from now. My view hasn’t changed longer term. The latest GW podcast with LG pretty much sums it up for me. US debt to GDP has mattered in the past I expect that it will still matter on a relative basis again – if it doesn’t then I’m wrong. Also, the US still has the retirement issue to deal with. As LG says a positive surprise would be to get to a few years in the future and the debt has come down. I still feel accumulating AUD assets on any USD strength (the timing is unclear but it seems based on this podcast and other indicators of USD strength, more AUD weakness to come – it may be similar to 2018 blow off top AUD before the nice trend channel decline). I don’t see why the EU or China can’t surprise with policy response, when, who knows. And what of the tech wreck? If big tech at some point does cop it, then what for investors big long US equities and then what will be the policy response (monetary I believe) and then I expect relative USD weakness. With regard to commodities price supercycle – price that is what matters as demand is likely to be OK. I believe inflation hanging around longer than people think to be a significant risk to the US and therefore a further risk to bond investors. Feel free to ridicule, demean, rundown, discredit, whatever makes people feel good and pump themselves up. I don’t really have to strong an opinion at the moment anyway because things seem pretty stable and it’s policy (which is unpredictable) which will change my view. Of course, if China finds our commodities elsewhere, then that would be bad for AUD.

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