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AUD takes over the USD

it was to happen  and soon we will see the Australian dollar grow even further as the US markets start to look to more stable markets to invest their money. The Australian dollar  overtook the US dollar today with 1USD giving 1.01173 AUD

Here is a snapshot from www.xe.com

usd aud parity dollar rate exchange

The Australian dollar not only reached parity , but overtook the USD in value today.

Comments

  1. Anonymous7:46 PM

    i see the snap shot and see that USD is still stronger than AUD

    ReplyDelete
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    ReplyDelete
  3. 11-11-2010
    To: The Prime Minister


    The stock markets mafia

    It is impossible to call that normal when the price of resources and mining stocks rise and shoot in the sky for consecutive five weeks. It simply means a very severe bubble is being created and the price will sharply nose dive very soon. That bubble is being created by the world mafia gang centred on Wall Street. It is to be remembered that the candidate for the US presidency, John Mckaine, said that Wall Street Stock Exchange is running the Stock Market as a casino. Yes, it is a casino operated by the New York Stock Exchange Mafia. They are buying and selling to each other to shoot the price very high in the sky and at the same time going short sell to squeeze the underdog small investors and to kill them off the marker when the price nose dives very soon. It has been said before by honest experts that what is happening is that the extraordinary wealthy are robbing the poor and the small investors of their money. The alarming bills are ringing. A Stock Market crash is overdue. Past stock market crashes happened in the month of October. The gang is varying its schedule, the predetermined timing of crashes and false booms to adjust to special circumstances and for tactical purposes as well as experts have very recently exposed its intentions and exposed its timing of crashes. The gang is playing cat and mouse with the poor and the small investors. All that bubble doesn’t add up and doesn’t make sense when China decided to slow its growth which means demand for resources have decreased, adding to that the overall loss of confidence in the market, the very gloomy picture and sentiment of the stock markets and the escape of BHP to the industry of fertilization to protect itself from the losses in the resources and mining. Who is in his sane mind going to buy Rio Tinto for $88.00 when it was just $61.00 a few weeks ago! This is an insane increase of almost 50%. And who is in his sane mind going to buy Fortesque Metals for $6.91 when it was $4.33 a few weeks ago. This is an insane increase of $60%. The gang does that for they are buying and selling to each others to create a false boom to deceive everyone for they do that and they lose nothing. When are the Governments of the world going to stop those crimes and the criminals?
    Thanking you,
    Yours sincerely,

    Tosson Mahmoud

    ReplyDelete
  4. Doctor copper did a nice daily backtest of the PRS 100, and then went to break the 133 and 177. Trend change folks.

    There is a chance it's is just a head fake, but that is less than 50%, don't know exactly where to place the odds, but I wouldn't cringe at saying 25%.

    Market (and by that I mean HBB Humongous Bank and Broker) has been playing a game I call "internal correction" and I think I got that phrase from the blogosphere, maybe from Bluechip Bulldog's Brinkley.

    Here is the game: Ramp and dump various individual stocks, hitting stops up and down, and enjoying profits on momentum plays that the big HBB gets other algo's and retail to follow there big moves and then HBB abandons the campaign, and stock corrects/overshoots to the down side. Play this with say 50 or 200 stocks at a time, and do it for months, and wallah....HBB has extracted the maximum capital from the market.
    http://oahutrading.blogspot.com/

    Obvious gaming and manipulation, but that has always been part of the market. Some of it is legal. Collusion on a grand scale is not legal though, but it is like the old saying that if you make a lie big enough, and keep repeating it, it can become the truth. Now HFT and Algo/Bot's are being used as an excuse for the ramps and tape slams. I think the truth will be a bit more insidious. Say there are 100 major players in the S&P futures market, the most liquid of the markets. Even so, there is obvious collusion in manipulating the tape, most easily done during the "off hours". 2 to 3 years ago, I could play that tape very successfully, now the manipulation has gone beyond blatant. How do you get 100 players to all shift their bid and ask to allow stops to be popped.....hmmm....phone calls, or maybe Skype and Email. It is not simple algo's.

    Now look at the other futures, that are all less liquid, i.e. easier to control. I would play copper futures, or silver futures. IF the game was even close to being fair. It is not. They are highly controlled.

    There are some leveraged ETF's on silver and probably other base metals now, however, those are "run" by options (or even more obtuse Swaps) and we saw what happened in the flash crash. Massive moves in the ETF's as the HBB played games with the options. I feel like a HAL2000 figuring out that the only way to win is to decide not to play (or join the dark side--good luck with that)

    See Europe on the front page of NYT --- Tin Foil Hat says get ready for a throw off ramp to the Euro, and very short term drop in Bucky. Maybe not. Be on guard.


    The 2010 YOY comparisons on earning to 2009 was like shooting fish in a barrel. 2009 stunk so bad, it was easy to beat, 2011 will have a much tougher time comparing to 2010.

    And finally, on a gripe about Thinkorswim, this is the 4th day in a row that TOS forced an update. What is up with that?

    ReplyDelete

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