Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD

Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, specifically the ASX200 index, AUD/USD, RBA and Fed plans, BOJ, Oil and the ongoing China story.  Specifically I was asked about how the ASX200 index was performing and its short term outlook.

We also talked about the AUD/USD over the last week and specifically what factors have seen it move to above 71 US cents.  We also spoke about the outlook for the AUD/USD throughout 2016, and what the Fed is planning to do.    I suggested that most believe the A$ has more to fall this year, possibly slowly.

The Federal Reserve and RBA are seemingly on opposite paths this year.  The Fed are looking to raise and speculation will go on this year about whether the RBA will cut rates at any stage.  There is certainly no talk about them raising rates therefore the bias is for the A$ to fall over time as that interest rate difference narrows.

With the ASX we talked about how the current key level is 4900 and it is doing very well to keep on hold of that level.

 

Stuart McPhee
Stuart McPhee
Australian private trader for nearly 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.