Westpac second to call $A-greenback parity

According to the SMH Online "Westpac has become the first major Australian bank to predict that the Australian dollar will achieve parity with its US counterpart". Having forecast that the USD parity twice in the last 2 months, I'm glad the banks finally recognise the reality. I was hounded on Japan Forum for my bold forecast. The error of many was to overstate the importance of the current account...

AUD-USD going to parity with USD

I have long argued that the AUD is moving towards parity with the USD. I can see the AUD rising as high as 1.05USD, however I remain to be convinced of that. Technically the AUD looks like gathering momentum, and I see the Fed keeping interest rates low in the lead up to the US presidential elections. Post-election I actually see US interest rates being raised aggressively, which will send the AUD...

EUR-USD returning to USD1.60

The EUR-USD is set to rally again to USD1.60 based on technicals. The EUR is currently lying at USD1.55 support. -------------------------------------Andrew Sheldon www.sheldonthinks....

AUD-JPY will break Y100 again

The AUD has had a good run against the Yen as expected. Although I can see short term delays breaking Y100, I actually believe the AUD is going to return to its previous high of Y108. At this point it will be sold off. The outlook for the AUD is going to remain positive. Strong capital inflows is supporting the market, whilst high oil prices and higher interest rates are helping to curb spending....

Open Project : Starting

I would like to start an open project to make an EA. This project is opened for everyone who has a profitable trading system (would be nice if you have a proof) but please remember, this EA would be shared to everyone including your system. Everyone who has an idea about a trading system that is worthed may post it as a comment in this post until the end of this month (May 2008). Then I will...