News

AUD/USD – Short term trend UP, Long term trend DOWN

The AUD/USD has continued to rally over the week, reaching a high of 1.0030. The AUD has gained against most major currencies as market focus returns to the strength of the Australian economy and the RBA leaving interest rates on hold. Stock markets, commodities and Gold also rallied as optimism returns that the current debt crisis gripping Europe can be addressed and measures implemented to stop the contagion.

Conservative lending criteria and strict application guidelines aren’t turning off savvy property investors, who are increasingly looking for new ways to get their next property deal off the ground.

1. Super is the most tax effective investment structure in Australia today. Superannuation monies are tax free after age 60. That’s right, tax free. Can’t do better.

Chris Vedalago describes the legal loopholes that allow "underquoting". The major issue here is the difficulty of striking a balance between protecting consumers and allowing vendors the freedom to set prices as they wish, which is an important right in what is a free market place.

A TOP economist and the Federal Opposition have urged the Reserve Bank to cut the cash interest rate by at least 0.25 percentage points to avoid recession.