16 Quotes by Richard Grace

I'd buy the Australian dollar next week. The data could continue to be stronger, which will generate a rally.

From a technical perspective the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend. The Australian dollar's downward trend is still in place.

Markets may start pricing in some stronger data as there's a risk industrial production is better than expected. People will start buying the dollar ahead of it.

Commodity prices have fallen for two days in a row, with the falls including gold and base metals.

The safer bet is to assume the Australian dollar will decline and begin to trend lower. Because 75.80 cents has held so well for the last few months, people are paying attention to this key technical level.

The move in the interest rate market is giving some underlying support to the Australian dollar.

There will be less reasons for the Reserve Bank to hike and less reasons to support the Australian dollar. We'll finish the week lower.

There's a risk the statement will be watered down. This will be negative for interest rates, the yield gap will narrow further, and the Australian dollar will go down.

The Australian dollar's downward trend is still in place. From a technical perspective, the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend.