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  • AUD/USD: Australian exporters fueling the rally?

    From fxstreet.com

    Talk has it that Australian exporters and Japanese buying are to blame for the latest frenzy buying in the Aussie, which rose from 0.9254 to currently threaten 0.93, only 5 pips away. The next technical resistance will be found at 0.9330, which represents the 61.8% fib retrac of the Oct-Jan decline.

wow and I don't know that , and they call this news
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Damm, this is disaster.
Time to start thinking about shorts.
The coincidental success is more dangerous than the expected failure
this is a crazy increase in such a short period of time
http://www.macrobusiness.com.au/2014/03/aussie-aussie-aussie-dollar/
The coincidental success is more dangerous than the expected failure
believe me it's the carry traders
who doesn't want a positive swap with a steady increase in price as well?
Quoting grandia
believe me it's the carry traders
who doesn't want a positive swap with a steady increase in price as well?
Agree.
Quoting frx_trader
Agree.
I am holding 2 SELLS on the euro/huf and usd/try swaps killing my broker I don't care if it rises or goes down , its CALLED THE SWAP GAME , my gain on the swaps total 21% and rises every day HOW GOOD IS THAT , there is more to the fx market if people look and open there mind
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting grandia
believe me it's the carry traders
who doesn't want a positive swap with a steady increase in price as well?
agree 100%
????
We'll when and if The Aussie Gov. decides to weaken their currency shorting should be a no brainier.

Until then everyone keep your ears open for any talk about it.
it's amazing how nobody talks about the possibility of falling Yuan fueling Aussie's value? China is their biggest trading partner..anyone?
  •  Guest
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Quoting Sacred Cut
it's amazing how nobody talks about the possibility of falling Yuan fueling Aussie's value? China is their biggest trading partner..anyone?
Yes. You are correct. There is definitely fear for short in AUD since today. Housing bubble in AUD was discussed since February. China is falling too. No good for AUD short.
Or perhaps some profits were taken today?

This isn't trading advice...just my opinion, but I think we stay of the lows of today to keep some shorts trapped, we open Sunday with a gap up, gap fills, and then price heads back up retest .9300 area next week. Now this could be crazy coming from me, but if we get a double top or lower high, we might start to get some type of correction back down towards .9000-.8900. Will have to wait and see...have a good weekend.
  •  Guest
  • | IP XX.XXX.53.243
Quoting Aussi
I am holding 2 SELLS on the euro/huf and usd/try swaps killing my broker I don't care if it rises or goes down , its CALLED THE SWAP GAME , my gain on the swaps total 21% and rises every day HOW GOOD IS THAT , there is more to the fx market if people look and open there mind
Interesting strategy! I have been trying to set up similar structure where risk is minimal and really only chasing interest differential. What is the HUF & TRY?
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  •  Guest
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  • Story Stats
  • Posted: Mar 27, 2014 8:41pm
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 14  /  Views: 4,924