The Australian Dollar has weakened in recent weeks due to Iron Ore prices declining as China's zero covid policy has caused investors to fear a slowdown in the world's second-biggest economy. Australia exports 80% of Iron ore to China, so any slowdown in China will hit demand for Australia's commodity exports and put downward pressure on the currency. We also...
In this video I break down why the Australian Dollar is bullish because Iron Ore prices are rallying due to the war in Ukraine. Iron Ore is Australia's key commodity export, therefore higher prices increases the demand for Australian Dollars. Watch this video to learn how commodities have an impact on certain currencies in the Forex market.
Fundamentals Now is the best time to buy Australia's stock market index, as Australian companies exporting commodities to the rest of the world during the recent commodity boom, is pushing up the share prices of the biggest mining companies within the country and pushing up the index!!! Mining companies are seeing their share prices rise due to the booming...
We have a long term buy set up for the AUD/USD. In this video, we look at how Iron Ore is a key export for Australia and the effect the commodity price has on the AUD/USD exchange rate. With China's economy expected to grow in 2021, an increase in Australia's key export to the world's second-largest economy should support a continuation of the bullish momentum...