27 February, 2012
FxMax Signals Performance
The FxMax signals section continues to perform strongly +27.8% realised profit on a monthly basis. + 66% with current open trades included.
Yet again today we aere having trouble loading the signals image, but should have this to you shortly.
Euro Rally According to Plan !
The Euro continues to appreciate sharply in line with our forecast from 2011, for this to be the year of a very significant price shift higher for the world’s largest economy currency.
The recent gains are unlikely to be undone, with any correction period likely to be relatively shallow, if at all. The world is caught short, and desperately has to exit losing positions, while the real economy of Europe, and especially exports, will continue to do very well in any case.
We have this perfect storm if you like of very bullish underlying fundamentals, and a market that is short, for bizarre fears of contagion that were never at all probable. Expect further sharp gains.
The Australian dollar languishes as we get the “worse”, or was it just the “bad”, outcome from today’s leadership ballot?
We may have entered a sustained period of consolidation against a still expected to decline further US dollar. Such a period of consolidation could see the Australian dollar continue to fall significantly on the crosses, particularly against the world’s new reserve currency, the Euro.
The political and central bank back drop to the Australian dollar has never been great, and these forces are very much in the minds of investors today. The world may also begin to notice that far from an out-performing economy, we are in fact the great under-performer of Asia.
Buy the Australian dollar on the dip, but not aggressively just yet.
Clifford Bennett
The FxMax signals section continues to perform strongly +27.8% realised profit on a monthly basis. + 66% with current open trades included.
Yet again today we aere having trouble loading the signals image, but should have this to you shortly.
Euro Rally According to Plan !
The Euro continues to appreciate sharply in line with our forecast from 2011, for this to be the year of a very significant price shift higher for the world’s largest economy currency.
The recent gains are unlikely to be undone, with any correction period likely to be relatively shallow, if at all. The world is caught short, and desperately has to exit losing positions, while the real economy of Europe, and especially exports, will continue to do very well in any case.
We have this perfect storm if you like of very bullish underlying fundamentals, and a market that is short, for bizarre fears of contagion that were never at all probable. Expect further sharp gains.
The Australian dollar languishes as we get the “worse”, or was it just the “bad”, outcome from today’s leadership ballot?
We may have entered a sustained period of consolidation against a still expected to decline further US dollar. Such a period of consolidation could see the Australian dollar continue to fall significantly on the crosses, particularly against the world’s new reserve currency, the Euro.
The political and central bank back drop to the Australian dollar has never been great, and these forces are very much in the minds of investors today. The world may also begin to notice that far from an out-performing economy, we are in fact the great under-performer of Asia.
Buy the Australian dollar on the dip, but not aggressively just yet.
Clifford Bennett
Chief Economist
White Crane Group
White Crane Group
Clifford Bennett
Chief Economist
White Crane Group
Sydney, Australia.
+61 (0) 423 950 427
clifford@whitecranegroup.com.au
www.whitecranegroup.com.au
