Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property advisory & buyer's agents.
Check us out here www.allenwargent.com - to invest in Sydney/Brisbane property or for media/public speaking requests email email@example.com
Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
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"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
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Wednesday, 15 May 2013
Good news as Aussie dollar hits 98.5 US cents
I think Francis Rossi and Rick Parfitt wrote a boogie rock song about this...
98.5 cents represents a key level of support for the Aussie currency, if it can just break out on the downside and with hopes of future US economic data improving, we might see it head some way lower yet.
Unfortunately, weak US manufacturing data for April saw the dollar bounce back to 98.9 cents.
Still, certainly sounds a lot healthier than 106.24 cents, doesn't it?
What would be really good to see would be US unemployment fall below 7.5% given the coming impact of the US Federal budget sequester through 2013...