31st July 2013
AUSSIELYTICS
The Aussie has had a horrid start to the week losing nearly 3% of its value in as many days. Poor economic data compounded by the Chinese growth slowdown and the subsequent commodity demand decline has made investors run for cover. The Aussie is a risk currency and when global commodity demand is high it will do very well. There has been a significant slowdown in commodity demand from the world’s major consumers and in particular China. The knock on effect is considerable and the Aussie, while reaping the benefits when there was a commodity rush is now feeling the brunt when demand is poor.
While the China growth outlook is still poor the Aussie looks to maintain a downtrend. The 0.9000 level is major support and we saw great buying interest at this level before. This time around there might not be so many enthusiastic bids.
本周澳元开局惨淡,下跌了近3%。悲观的经济数据,加上中国增长放缓,商品需求下降,使得投资者寻找替代品。澳元是风险货币,当全球经济走高时,它的表现会非常好。世界最大消费国,特别是中国对商品需求大幅降低。这对澳元的打压是非常大的,而澳元在有商品潮出现时会受益上涨,而现在由于需求少澳元交易也受到冲击。
中国增长前景仍不乐观,因此澳元将维持跌势。0.9000是主要支撑点位,我们看到在这之前大量投资者在这个价位买进。这次投资者可能不会如此疯狂的买进。