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The Australian Dollar 2008
Mon, Jun 16 2008, 10:56 GMT
by Forex Journal's Collaborators
This article is taken from the Forex Journal (May 2008 issue).
The author, Peter Pontikis, is the Group Treasury Strategist for Suncorp Banking. He has also authored a book on trading foreign exchange and is the current treasurer of the International Federation of Technical Analysts (IFTA).
- Peter Pontikis discusses the Australian Dollar as it consolidates the gains it has made since April 2006. He covers the advantages that the Aussie enjoys as well as the problems it faces as a traded currency.
Following its impressive 24-cent rise from April 2006 into late 2007, the Australian dollar (AUD) continues to consolidate more/less within the extremes pegged out in the second half of 2007.
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Other article in this issue:
Published on Mon, Jun 16 2008, 11:11 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.