FLOODS IN QUEENSLAND AUSTRALIA TO HAVE WORLDWIDE RIPPLE EFFECT

FROM THE DESK OF ANDREW BAXTER

The Queensland weather has really started to impact on the economic outlook in Australia– latest reports suggest that as much as 0.5% of GDP growth could be sliced off next year’s growth. Terrible as this news is, especially for the locals, there are likely to be trading opportunities – on the currency – a short on the OZ dollar and also some broader impact on commodity prices as exports are impacted. This scenario reinforces the notion that irrespective of what is going on, there is invariably a trading opportunity. Commodities enjoyed a massive run last year – being one of the most profitable areas of the market for trading and this year may well build on that.

Sourced & published by Henry Sapiecha


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