Westpac has cut their 2015 forecast for the Australian Dollar. They now expect that the Aussie Dollar will end 2015 at USD 0.66 rather than USD 0.70. A slowing China and falling terms of trade are blamed for the loss of confidence in the local currency
Read MoreThe Australian Dollar has fallen below US 70 cents, and all signs suggest it will keep falling! As China slows and resource prices drop, the Australian economy is dangerously close to going into recession.
Read MoreToday the Peoples Bank of China cut interest rates by 0.25% to 4.60%. It is the fifth time the bank has cut rates in the last year, as it tries to stimulate the slowing Chinese economy. The move follows a sharp drop on the Chinese stock market, which saw the Australian Dollar drop to a new 6 year low. China is Australia's biggest trading partner, and the Australian Economy will feel the impact of China slowing. This is why the Australian Dollar is falling and we expect it will continue to fall.
Read MoreThe Australian Dollar dropped to a 6 year low on July 20th. We expect that this is only the beginning of what will be a prolonged down turn for the Australian Dollar. It's not just the currency that is in for a rough ride. The Australian Economy could be heading for a recession!
Read MoreWe decided to deposit $200 with a CFD platform to experiment with trading the Aussie Dollar. After 3 days, the account balance was $581, a gain of 191%
Luck was a massive contributor, but the results really show the potential available through these investment derivatives. This is not investment advice, we are not professional traders. We are trying to highlight the trading platform, and why we were able to generate such returns using it
Read MoreGeneral Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.