NiaTradingSignals

The Australian Dollar is flying to new highs due to increased demand and
prices in the natural resources arena.  The Australian export list is half
natural resources, the remaining is made up with the booming Cotton
markets.

As prices rise greatly in metals such as gold, which is a top Australian
export, the dollar moves to near parity against other currencies like the
US dollar.   Australia’s oil exports are also bringing in more money than
ever expected.


The Australian dollar is following a near perfect trendline straight
towards probable parity with the US Dollar over the long run.  Experts
believe strong fundamentals will bring a thriving economy to Australia
which has benefited greatly from the growth of Asia, specifically China.

The only thing left in the way of the extreme growth rates is China’s
currency, the Yuan, and its ties to the US Dollar.  As the dollar
devalues, so does the Yuan which is heavily tied to the US Dollar while
still being valued against a basket of other currencies.

The commodity markets are thriving due to the rebuilding of places such as
Louisiana, Indonesia, Mexico and other places affected by natural
disasters.  Expect the Australian dollar to take a short fall during
profit taking but then continue its upward swing.  The prices of
commodities wont be going down any time soon.  The $89 barrel of oil has
confirmed this.

Forex and Gambling