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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (49911)	1/12/2004 2:34:54 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 57110

For now, at least...

To: Lazarus_Long who wrote (49911)	1/12/2004 5:10:20 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 57110

Now... This is a currency that may have some legs, in addition to what it has already shown): forexnews.com USD Rises Except Against Relentless Aussie by Ashraf Laidi Aussie bucks trend and hits new 6 year highs near 80 cent In a blatant shrugging of the order of the day, the Aussie knocked off its US counterpart to fresh 6 year lows at 0.7799. Aussie's 425-bp advantage relative to the US dollar is mainly attributed to the soaring AUDUSD rate, which rose 34% last year. Despite the current yield advantage, the Reserve Bank of Australia is set to tighten rates by another 25 bps when it meets next month to cool down a relentless housing market and highly leveraged personal demand. AUD's next stop is seen at 80 cents, with further gains beyond that point remaining in the pipeline as long as expectations further rate hikes loom large. Resistance targets seen at 80.20 and 80.50. Support starts at 77.40 followed by 77.10 and 76.60. Positives: * resource based * real estate & tourist industry that will benefit from new Asian consumer market. * it has a promising WHITE wine production capabilities. Negatives: * gov. has some one eyed members who limit real estate ownership by "foreigners" AND some socialistic measures, including high taxes. this may actually be seen as a positive by some (as in "sound policies") +++ it has some of the MEANEST speeding tickets I have ever encountered... if I were to move there, within 6 months I would lose my license.. -ggg * it has very BAD red wines, in need of some Italian, French and Spanish wine masters to teach them Aussies how to make red wine. (but the raw material, soil, weather, geography is basicly sound). there is hope yet.