Ukrainian peace talks drive stocks in Europe while the Aussie gets a lift from the RBA Governor | Forex Factory

  • Ukrainian peace talks drive stocks in Europe while the Aussie gets a lift from the RBA Governor

    From vantagefx.com

    So now we know what free money does. It dampens downside volatility and makes the market dangerously skewed toward good news only. I don’t mean dangerous because I’m endlessly pessimistic or even because I think stocks should plunge and the economy is in dire straits – far from it. I simply believe a market is more stable through time when there is a two way flow of information and price action around that information. Consider it akin to building a solid foundation for your house or in this case the market. Yesterday my colleague at Business Insider was down at the Australia  Venture capital ... (full story)

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PA is King
Sep 3, 2014 6:45pm
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I say it month after month after month...Governor Stevens NEVER says anything to hurt the AUD! His talk is cheap about a "high aussie value" because he NEVER does anything about it. His speeches are boring and routine...typically pretty neutral which the market takes as bullish. Each time one of his speeches come up...you should look to buy Aussie. It reminds me of Mario Draghi and how he talked about the high value of Euro for about a year before he finally acted and did something about it. Until Stevens does something about it, Buy the Dips on Aussie and don't expect it to go below .9200 anytime soon! Cheers!
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PA is King
Sep 3, 2014 8:25pm
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Aussie news should be fun tonight! If it's good, we are at a price level where some stops could be trippped off and price shoot up to .9400 fairly quickly. And based on this weeks reaction to bad news(Monday for example)...if it's bad news, we may not get any selling at all. I'll be watching from the sideways.
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PA is King
Sep 3, 2014 9:38pm
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Quoting Subdude
I hear North Korea is looking for the new Chief Propagandist - care to apply for the job? You would do very well in that role.

Thanks for the nomination, but I respectfully decline. I'm happy here.
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ZebraSquirl
Sep 9, 2014 2:40pm
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Quoting Subdude
Not anytime soon turned out to be less than a week. Cheers.

What a tool you are, man.
Remains to be seen whether AUD/USD will stay below .92 (really only just tested it), which is fairly long-term support. I view current level as a potential buying opportunity ... .
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ZebraSquirl
Sep 9, 2014 3:50pm — Edited
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Quoting Subdude
LOL, okay - go long then. It might be good for a 50 pip or so bounce, at best. GLTY.
I said "potential", lol.

(But am already long, which I can't recommend to anyone else, since it is a trade against the trend ... short-term or otherwise ... ).
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Subdude
Sep 3, 2014 9:27pm
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Quoting PA is King
Until Stevens does something about it, Buy the Dips on Aussie and don't expect it to go below .9200 anytime soon! Cheers!
I hear North Korea is looking for the new Chief Propagandist - care to apply for the job? You would do very well in that role.
Reply
Subdude
Sep 9, 2014 3:19pm
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Quoting ZebraSquirl
Remains to be seen whether AUD/USD will stay below .92 (really only just tested it), which is fairly long-term support. I view current level as a potential buying opportunity ... .
LOL, okay - go long then. It might be good for a 50 pip or so bounce, at best. GLTY.
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PA is King
Sep 3, 2014 8:33pm
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Bummer, pretty neutral news...slightly better Trade data. Probably more sideways price action.
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Subdude
Sep 9, 2014 2:11pm
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Not anytime soon turned out to be less than a week. Cheers.

What a tool you are, man.
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