I would say less imports because deleveraging iron ore and copper. See prices of both. Speculators were forced to sell to producers therefore less actual import.
kind of expected.
kind of expected.
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DislikedI would say less imports because deleveraging iron ore and copper. See prices of both. Speculators were forced to sell to producers therefore less actual import. kind of expected.Ignored
Disliked{quote} The 80 pips spike u mention for may 7 was during asia market or the market before asia. Thanks for the information.Ignored
DislikedI see the Aussie going higher aswell. Probably anther 100 pips. Could even go much higher more like 400 pips.. This is actually very likely 65% chance of this.Ignored
Disliked{quote} Watching correlation you need to follow what is going around that ccy. Important data on Friday including CAD so need to watch AUD/CAD. Yes, it's not easy to hold positions targeting few hundred pips. Scalping can neglect all that just to mark on the chart from support to the next resistance. {image}Ignored
Disliked{quote} Markets may see it as positive for both China and Aussie. The slow down in iron ore could be due to China gov crackdown on the false invoice to inflate capital flows and the Yuan has declined about -2% against dollar from early March 2014. {quote} May 07 22:28 EST so it was during Asia market.Ignored
Disliked{quote} It was the 3 hours before NFP that had me a little lost. AU was going against the grain. EU 3 up bars and AU 3 down. At first I figured it was just S/R but it was becoming a trend and figured it had to be coming from somewhere else. In hindsight it was a little pointless as the market mood tends to change after each NFP week anyway.
EA daily is still below my major resistance line though there could be reversal signs and I am watching for a BO of the falling wedge particularly, for a possible trend change. Both EU and AU look bullish to...Ignored
Disliked{quote} Good , i can see 1.45012 as final target , i might start looking for buy.Ignored
Disliked{quote} Markets may see it as positive for both China and Aussie. The slow down in iron ore could be due to China gov crackdown on the false invoice to inflate capital flows and the Yuan has declined about -2% against dollar from early March 2014. {quote} May 07 22:28 EST so it was during Asia market.Ignored
Disliked{quote} good analysis Chanlie... its time to go up higher to 400 pips next few weeks catch the trend and the train..Ignored
Disliked{quote} I remember perfectly 3 hrs before NFP, A/U down, E/U up and it was E/A because I entered E/A long - I might get S/O on Sunday Opening on China Trade Balance. But I keep short as well can't make up my mind due to the release of China trade balance on Saturday June 07. Re: JPY. Did you check the headlines from BOJ today? I always check the news even on Saturday and Sunday because never flat all year long. To trade XXX/JPY crosses, watching N225, N300 might help you with where the market sentiment and is directly correlated with XXX/JPY.Ignored
Disliked{quote} Please advise where did you get such info. Oanda shows them equal - http://fxtrade.oanda.com/analysis/Ignored
Disliked{quote} On here and the other 100's of message boards. Thousands and thousands of people write in and they're saying it's going down, That influences 10's of Thousands to short. Everyone wants it to fall, which means it won't.Ignored