Australia Labour Force

CERTAINLY aud WILL react during eu session then there will be up trend till next australian morning.

Quoting biren.nepal

Disliked

wait coz market react slowly.....AUD bull start from EU session till tommorow AUD session....

Ignored

Bakker

Nov 7, 2012 7:57pm

Sell Aud, is going to follow Eur lower

Bakker

Nov 7, 2012 8:23pm

Watch your charts my friend, all you need to do.

Bakker

Nov 7, 2012 9:38pm

Yesterday's down bar on the daily chart is a very good sign for further weakness.

billv

Nov 7, 2012 6:40pm

Quoting Compulsive

Disliked

keep selling AUD!!!!!!!!!!!!

Ignored

If you are already short cut your losses on the next retracement
and don't short the aud, its heading North

eqshack

Nov 7, 2012 6:34pm

what? last time u said same thing when aud came out with good data.and it went up 100pips not down

Quoting Compulsive

Disliked

keep selling AUD!!!!!!!!!!!!

Ignored

eqshack

Nov 7, 2012 6:51pm

this thing will go up to 1.0600 - triple top..and down big time

Nov 7, 2012 6:35pm

I love AUDNZD today.

Nov 7, 2012 7:05pm

Dont think about the future just trade for now....all traders think that aud is safe haven currency... they see risk on eur ... they think risk on usd and they also think risk on jpy ...thats why they r trading with aud bull anyhow coz it gives lovely interest too....bull aud till next month rate decision....

25cent

Nov 7, 2012 6:34pm

Quoting Compulsive

Disliked

keep selling AUD!!!!!!!!!!!!

Ignored

How can you sell, here is a good signal from AUD, i will Long

kuncung

Nov 7, 2012 6:43pm

bulish aud usd. buy, buy and buy.

Nov 7, 2012 8:42pm

agree with u fortuneRider. ty. I am also aware of this. I also think that with the us election is over and victory for obama administration, more QE is very likely until us employment data shows better data. Only concern is euro data shows poor result lately.

Nov 7, 2012 6:35pm

buy please

Nov 7, 2012 6:39pm

agree but buy with AUD/USD

Compulsive

Nov 7, 2012 6:33pm

keep selling AUD!!!!!!!!!!!!

Compulsive

Nov 7, 2012 6:39pm

might consider also selling the AUDCAD

aussiekid

Nov 7, 2012 9:17pm

The data isnt all good news. Participation rate went down. More people gave up looking for work. Plus unemployment in Western Australia which is the powerhouse of Aus economy rose sharply, the mining boom is coming to an end.

aussiekid

Nov 7, 2012 9:28pm

Quoting biren.nepal

Disliked

Dont think about the future just trade for now....all traders think that aud is safe haven currency... they see risk on eur ... they think risk on usd and they also think risk on jpy ...thats why they r trading with aud bull anyhow coz it gives lovely interest too....bull aud till next month rate decision....

Ignored

Save haven currency? Aud is risk risk risk. Mining boom fizzing out. Aus is heavily dependant on demand from china and other asian countries, which in turn are heavily dependant on europe and US for export growth.

I didn't think RBA woiuld cut this month due to higher than expected inflation. Watch for next inflation figures then decide if they will cut or not. Controlling inflation is one of the primary mandates of the RBA. With a new carbon tax they might not be able to control inflation and control the AUD plus they may want to keep a few bullets in the chamber when things really get bad down under.

Nov 7, 2012 6:55pm

wonderful news

Nov 7, 2012 6:44pm

The way I trade in forward and although anticipated the positive data, I also traded short on Obama victory - at the height of it. What you have to remember as traders is not to trade the news but the anticipation of them. Basically don't be a lagger. The AUD is headed for a fall but there are big plays in both directions.

There is little demand on 1.05 so the resistance is peaking. The world unfortunately does not revolve around Oz data - and for a very good reason.

Nov 7, 2012 6:48pm

Case in point for the euphoria initially around Obama pushing the risk on sentiment. I anticipated this would last until around the 1.0470 support as positions had been placed based on "bulls". I knew the forward thinking however would straight on come to "fiscal cliff" and political deadlock.

Aust. will be a lagger to what occurs in the global world by some 3 months at minimum - have these in mind when forecasting. Also, the fact the RBA itself doesn't want the AUD going much higher is reason to be long term bearish.

FortuneRider

Nov 7, 2012 8:35pm

Quoting profit taker

Disliked

bakker, aud is suddenly going down, why u suggest to sell aud while the employment data shows positive ?

Ignored

Because fiscal cliff impact is greater than the positive data. However, this won't last long. Look for reversal in the later part of the day.

Dan Murray

Nov 7, 2012 9:22pm

Is anyone else long the AUD/USD? I bought at 1.0410 for four reasons.

1. The recent RBA statement and decision was more hawkish than expected
2. Employment figures were better than expected
3. Greece passed the bill on Wed. needed to (hopefully) secure further bailout funds
4. I think Wednesday's decline in risk assets was a bit overdone and that we could see a correction Thu.

Any thoughts?

Nov 8, 2012 1:59am

In short AUD has got limited upside with orders really capping around 1.05 from importers/exporters. Apart from that you have some major headwinds around the globe that is a concern. The fact is the world economy is fighting deflation and for fiat currency to work it needs - NEEDS - inflation to occur. Capital flows also are crucial. We have many people here saying AUD is a safe haven - that is scary traders think that and clearly are not aware of how capital flows work. The only single thing that AUD has going for it is the higher reserve rate which is actually hampering the economy long term as it hurts exports. The QE by major central banks has artificially boosted asset prices and Aust. has been a major benefactor however as the whole now faces increase taxes, austerity and massive, massive govt. debt this creates less spend and more saving environment which in turn is a negative for inflation as people are borrowing less, paying debt off...

Nov 8, 2012 2:05am

Apart from that we have a major maturing of baby boomers across the major powers. With Japan as an example having retirees just adds to govt expenditure as productivity suddenly drops, consumer spending halts and things like higher health care costs are expected to be absorbed by govt. This is why the "Fiscal Cliff" is so important because as is we have the US GDP growing as a result of stimulus spending - now there is a probability that some of these incentives are to effectively be withdrawn with higher taxes erases appr. 1% of GDP alone - when you have it only growing by 2% with govt aid this basically is putting the worlds largest economy and China's top importer on a black hole.

ShadowZ

Nov 7, 2012 9:53pm

It looks like market wants to go down whatever the news is lol

biren.nepal

Nov 7, 2012 6:46pm

today is the best day for AUD / USD , AUD / JPY, and AUD/NZD go long with all.....

biren.nepal

Nov 7, 2012 6:48pm

wait coz market react slowly.....AUD bull start from EU session till tommorow AUD session....

biren.nepal

Nov 7, 2012 8:29pm

Quoting Bakker

Disliked

Watch your charts my friend, all you need to do.

Ignored

all r watching their chart lol...i m surpirse ur chat is different than others....hahaha

Nov 7, 2012 8:08pm

bakker, aud is suddenly going down, why u suggest to sell aud while the employment data shows positive ?

Nov 7, 2012 8:27pm

haha. thx. but i am betting aud will go north at the price 1.0476 due to positive news of aud employment data. Perhaps other eur and gpd pairs may follow the leads from aud. good luck to you.

Nov 8, 2012 12:40am

thank god ! aus/usd is going up again finally. I was long earlier at 1.0412. any comments on this pair ? ty.

Nov 7, 2012 6:40pm

keep buying AUD

Nov 7, 2012 6:51pm

well said allperformer.........don't get the guy who gets excited about selling AU when news is bullish

mdshamimreza

Nov 7, 2012 7:01pm

where all the major pairs are followed by AUD is dropping so no logic to bye AUD wait and see what is going to happen

Nov 7, 2012 7:02pm

also just remember but there are some limited number of (11 - I think) sessions to resolve a US $600B hole

FortuneRider

Nov 7, 2012 7:26pm

uphill task for Oz, target at 1.0530.

Nov 7, 2012 10:08pm

Good day for AUD buy

Nov 7, 2012 11:16pm

what about the gold..? go back to 1600+ or move upper side..?

Trader#B42F

Nov 8, 2012 12:12am

Austerity is not good for risk currencies as they offer a depression side not inflation.

Quoting Dan Murray

Disliked

Is anyone else long the AUD/USD? I bought at 1.0410 for four reasons.

1. The recent RBA statement and decision was more hawkish than expected
2. Employment figures were better than expected
3. Greece passed the bill on Wed. needed to (hopefully) secure further bailout funds
4. I think Wednesday's decline in risk assets was a bit overdone and that we could see a correction Thu.

Any thoughts?

Ignored

Dan Murray

Nov 8, 2012 11:04am

Closed my long AUD/USD at 1.0429 for a nice profit

Trader#0894

Nov 7, 2012 6:35pm

Compulsive, Buy AUD, do not sell

Trader#FCF3

Nov 7, 2012 6:39pm

swep all sl of sell!!!

Trader#1B7D

Nov 7, 2012 6:41pm

I a gree with Compulsive, keep selling...

Trader#D168

Nov 7, 2012 6:43pm

If all want buy AUD....that means SELL.

Trader#6947

Nov 7, 2012 6:47pm

where all the major pairs are followed by AUD is dropping so no logic to bye AUD wait and see what is going to happen

Trader#947A

Nov 7, 2012 6:57pm

Aud/Usd on long, buy buy

Trader#BB61

Nov 7, 2012 9:26pm