23rd August 2013
AUSSIELYTICS
Risk currencies have taken a dip over the last couple of days as the tapering monster continues to spook markets. The AUDUSD is a risk currency a commodity currency, a measure of the health of the Asian markets and it has been stuck well below par and in a downtrend for over 5 months.
A healthier PMI number in China failed to really make a dent in the current downtrend as the Aussie looks like it will trade sideways until the next RBA rate decision at the beginning of September. China is essential to the future of the Aussie dollar as it’s the biggest consumer of all the raw materials that they produce. The past strength of this currency was all based on the Chinese appetite for raw materials, in fact it could be said that the growth in mining and the surrounding service industry was the sole reason this currency ever reached the heights of 1.10.
A flag formation is appearing and this identifies consolidation which is exactly what we will get until the next RBA meeting. The breakout, if we get one, will start with core fundamental data in China surpassing expectations then the technical breakout which usually goes hand and hand with these flag patterns can really kick in
澳元分析
因美国量化宽松政策可能削减继续影响市场,风险货币在过去几天里已经探底。澳元兑美元是风险货币和大宗商品货币,它可以衡量亚洲市场健康状况,但目前这一货币已困于平均值之下,在过去五个月里一直处于下降趋势。
健康的中国采购经理人指数并未使这一货币对目前的跌幅减少,因为在9月初澳洲联储进行下一次利率决定前澳元看起来将维持震荡态势。中国对于澳元的未来是至关重要的,因为中国是澳大利亚生产的所有原材料的最大消费地。过去澳元的力量都来源于中国对原材料的需求,事实上可以说矿业和相关服务业的增长是澳元过去触及1.10高点的唯一原因。
旗帜模式出现,这证实在下次澳洲联储会议前澳元会整合运动。如果能有所突破的话,首先应该是中国核心基础数据超过预期,那么澳元会有技术突破,同时这些旗帜模式才能真正开始。