How Forex Rebates Work

Forex Fundamentals Country Profile 7-Australia

cashback forex, the official name of the Commonwealth of Australia, premiumrebateforex located cashbackforexreview the southern hemisphere, southeast of Asia Australia is the worlds largest isl How Forex Rebates Work and the only country in the world that occupies an entire continent Before Europeans came to settle in Australia in 1788, the indigenous population occupied most of the country Since 1788, people from all over the world have mig HowForexRebatesWorkd to Australia Finally, and most importantly, Australia is known for its outstanding, ashen actors, including Mel Gibson in Braveheart, HughJackman in The Wolverine, Ledger in The Joker, and the late John Doe. Australia: Facts, Figures, and FeaturesNeighbors: New Zealand, Papua New Guinea, IndonesiaArea: 2,969,907 square milesPopulation density: 7.3 people per square mileCapital: Canberra (population 358,222)Head of state: Queen Elizabeth IIHead of government: Prime Minister Gillard ( JuliaGillard)Currency: bestforexrebaterates dollar (AUD)Main imports: machinery and transport, electrical current and communications equipment, crude oil and petroleum productsMain exports: ores and metals, food and livestock, fuel, transport machinery and equipment, HughJackman, NicoleKidman, Ledger ( HealthLedger) import partners: China 19.2%, the United States 12.1%, Japan 7.8%, Singapore 5.3%, Germany 5.1% export partners: China 26.4%, Japan 19.1%, South Korea 9.2%, India 6.4%, Taiwan 3.7% time zone: Eastern Decade website: au economic profile is relatively small compared to the G7 countries however, according to data published by the World Bank, on an individual basis, Australias is even higher than the UK, Germany, and even the US! Over the past 15 years, the Australian economy has grown at an average annual rate of 3.6%, higher than the world benchmark of 2.5% No wonder it was ranked third in the Legerton Institutes 2011 Prosperity Index! Australias economy is service-oriented, with over 70% of it coming from sectors such as finance, education and tourism Despite strong export industries and faster growth, Australia is notorious for running persistent current account deficits This means that Australia uses up a lot of resources from other economies to meet its own consumption needs Monetary and Fiscal PolicyThe Australian Federal Reserve is the authority for monetary policy in AustraliaAustralia The purpose of the Fed is threefold: 1. to maintain a stable exchange rate 2. to ensure growth 3. to maintain full employment In order to achieve these goals, the Australian Fed believes that the countrys inflation rate must remain between 2% and 3% By strictly controlling the level of inflation, the price of the countrys currency will be able to maintain stability and thus ensure solid economic growth How does the Australian Fed control Inflation? Two methods: adjustment of the cash rate and open market operations The cash rate is the interest rate charged by banks for overnight borrowing from other financial institutions Open market operations are where the Australian Fed controls the supply of funds by buying and selling government loans and other financial assets In addition to January, the Australian Fed holds regular monthly meetings to discuss changes in monetary policy To make this easier to understand, lets take an example if Australias Inflation is rising faster than the Fed would like and in order to suppress the high inflation rate, the Australian Federal Reserve decides to raise the exchange rate of cash, thereby increasing the cost of borrowing. The Australian market is one of the first to open each week and like the people who live there, Australias own currency, the Australian dollar, is also called the Aussie (Aussie) Im called the commodity dollar for a reason…… one of the key features of the Australian dollar is its high correlation with the gold price one of the reasons for this is that Australia is the largest gold producing country so whenever there are ups and downs in the gold price, the I am one of the key candidates for arbitrage trading. Among the major currencies, the Australian dollar is known for having high interest rates, which makes it one of the favorites for arbitrage trading. Arbitrage trading is the practice of buying a high interest rate currency with a low interest rate currency. in the Asian trading session when Australian related data is released…… Bad weather is my worst enemy! Australia is a commodity-based economy and bad weather conditions can limit the growth of the Australian economy, leading investors to sell short the Australian dollar How much does weather conditions affect the Australian dollar? During the Australian drought of 2002, the AUD/USD fell to 0.4770 which was almost half of its current rate Australias Important Economic Data Consumer Price Index: Since the primary objective of the Australian Federal Reserve is to control inflation, the Consumer Price Index, which measures price changes in goods and services, is closely monitored by the Australian Federal Reserve. Therefore, currency traders and bank officials pay close attention to changes in the level of the countrys imports and exports. Gross Domestic Product: This indicator measures the state of the Australian economy, with positive readings representing economic growth and negative readings representing economic contraction. What Factors Affect the Australian Dollar Economic and Interest Rate Outlook The Australian dollar is heavily influenced by macroeconomic factors such as monetary policy, interest rates and domestic economic data When trading the Australian dollar, pay particular attention to the outlook for interest rate movements The interest rate related comments of Australian Federal Reserve officials will have a significant impact on the Australian dollar The economic situation in China has been extremely fortunate over the last decade, with China experiencing significant growth figures In order to produce its products, China imports a large amount of raw materials from Australia. China imports a lot of raw materials from Australia, such as coal, iron ore, etc. In order for China to purchase raw materials from Australia, it must first convert its currency into Australian dollars, which means that increased demand for Chinese goods will drive up the price of the Australian dollar. In fact, the relationship between the two countries is sometimes referred to as pan-Tasman, which shows the strength of the ties between the two countries by alluding to the Tasman Sea between them. The value of each point is denominated in US dollars, and in the exchange rate expressed in AUD/USD, the four decimal places are one point of gain and loss in US dollars for a standard lot, the value of each point of change is $10; for a mini lot, the value of each point of change is $1. Margin trading is calculated on the basis of US dollars. 0.9000 and the leverage ratio is 100:1, the minimum margin required to trade a standard lot should be $900 However, as the AUD/USD exchange rate rises, the amount of USD margin required will increase Conversely, the amount of USD margin required will decrease AUD/USD trading tips Because the AUD is one of the great candidates for arbitrage trading, i.e. buying high interest rate currencies and selling low interest rate currencies, the AUD/USD hand cross currency has a big impact how are you going to take advantage of this? If you find that AUD/JPY has broken through an important technical support level, it means you should sell AUD/USD short. Another point to consider when trading AUD/USD is New Zealands economic data. Conversely, poor economic data from New Zealand would mean that the Australian dollar should be sold. Finally, take some time to look at commodity prices, especially the movement of the gold price which, in most cases, will guide the price of the Australian dollar. Of course, if the gold price goes down, the AUD will also go down