Central black magic leaves RBA in a jam
Technically, the AUD trades very well with broadly higher price highs, and higher lows, since mid Jan. Pricing pullbacks have been shallow and position remains short. Note the golden cross of 50 day and 200 day moving averages points to continued performance. We have been hugely constructive on the currency (title of our Feb monthly available on website) since Japan went to negative rates and remain constructive to 80 cents and beyond until the RBA resumes cutting
Read more in the Jamieson Coote Bonds March monthly
[JCBAF Market Update March 2016..pdf]
Angus established Jamieson Coote Bonds with Charlie Jamieson in 2014. He started his career with JPMorgan in London, before working at ANZ and Westpac, where he transacted the first ever Australian Bond trades for several large Asian Central Banks.