Australian dollar

27

Australia’s worst nightmare is back…another global banking freeze

I’m sometimes skeptical of Ambrose Evans-Pritchard. His bearishness is so relentless and florid that it’s hard to keep up. But every so often he scribbles such a ripping piece that it is impossible to ignore. To wit, from The Telegraph comes Italexit: The EU’s gendarmes are now eyeing Italy’s rebel coalition with professional curiosity. This

16

Bitcoin smashed as India and China close in

Via Bloomie: India may levy Goods and Services Tax on cryptocurrency trading, according to people with direct knowledge of the matter, even as there’s lack of clarity about their legal status in the country. The government may levy an 18 percent GST, the people said requesting anonymity as they weren’t authorised to speak to the

3

Why is unemployment rising again?

Via Westpac: •Employment rose 22.6k in April beating both market (20k) and Westpac’s (17k) expectations. Full-time employment rose by 32.7k while part-time fell 10.0k. Past employment results were revised with March now –0.7k (was +4.9k) and February is now –7.4k (was reported as –6.3k last month and originally reported as +17.5k). This trend for downward

2

Morgan Stanley: Australian dollar to fall right through 2018

Via Bloomberg: The worst is yet to come for the poorest performing Group-of-10 currency, Morgan Stanley says. …“We’ve been bearish for a while,” said Daniel Blake, a strategist at Morgan Stanley in Sydney. “There’s a broad basket of highly levered household sectors, which include Australia, New Zealand, Canada and Sweden, which will all be negatively

4

Macquarie: US dollar to the moon

From the fantastic Viktor Shvets of Macquarie: US$ and its discontents: Liquidity, CA deficits, deflation & EMs Are we seeing the beginnings of a much stronger US$? Key investment risk. The direction of US$ does not just depend on spreads or even supply of US$ but on whether deflation ultimately proves to be a stronger

6

Next downdraft for Aussie dollar: Italy

The FT has the story: Italy’s leading populist parties are within striking distance of forming a government in the eurozone’s third-largest economy after reaching tentative agreement on a common platform — but not on a choice of prime minister. Luigi Di Maio, the leader of the anti-establishment Five Star Movement, and Matteo Salvini, the head

2

MB Fund Webinar: Aussie Dollar Doomed?

WEBINAR LIVE THIS THURSDAY 10th May, 12:30 PM (GMT + 11:00): Is Aussie Dollar Doomed?  Join David Llewellyn-Smith, Damien Klassen and Tim Fuller this Thursday. As they take a look at the uncertain future of the Australian Dollar. – Past trends of the AUD – What to expect from the falling dollar ? – Recent falling dollar, is there