Category Archives: FOREX

Aussie Dollar Hinting at Further Weakness for China & Australia

By -

For many years, the charts have shown that, as China’s Shanghai Index (SSEC) goes, so goes Australia’s Composite Index (AORD), as shown on the multi-year comparison graph below.

However, a closer look at the following year-to-date comparison graph reveals that SSEC’s attempts to continue to advance fizzled in mid-April and is now flat for the year, while AORD remains a bit more elevated. (more…)