TRADE FOR SWAP
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
DislikedIt has been established from the beginning of time that the market is the most illogical and insane. It goes from one extreme to another in no time at all. Just need to learn to expect the unexpected and go with the flow.Ignored
DislikedGo to ebay and do a search. You might pick one up for a good price. lolIgnored
DislikedNice one bender, hope it comes back up for ya.
Hmmmm 0.92 is damn cheap Aussie.
I would love see this thing back under 0.50, but I think I'll look for a long entry around 0.9200. Pending some PA confirmation.Ignored
DislikedI don't see favorable conditions for the US economy. even with posted figures coming in strong. a look around in the real world and it doesn't look good with more Americans in debt. credit is crimped and people have floating debts with no earnings increases. as a matter of fact they just released a new bill to let mexican truckers come in to give the economy a gasp of air but the debts are going to sink the economy in the long run and perhaps will go under in full tilt.
australias national debt became a surplus just recently and the demand for product from china will continue to boost the aud especially the need for coal to run china's power-plants and iron ore they have to rely on. the economy in au will be strong for a long time to come unlike the situation in the us where their isn't any economic strength and the dollar will have to stay low to boost exports.. the chances of the US raising rates anytime soon doen't look good. the situation with housing looks like it will continue to deflate and I've read in California there's a 5+ years of homes on the market and no realistic demand. I'm not trying to paint gloom just focusing on the facts of the matter.
comments/clarifications? anyone please..Ignored
DislikedFOMC has not spoken yet. Traders are pricing in a rate cut from the RBA.
Even if US raises to 2.25% and AU cuts to 7%, it still makes the long Aussie attractive for the carry trade.
Traders will eventually wake up and smell the roses.Ignored
Dislikedaust...overinflated.
economy already in ruckus...housing crisis has already shored up.
speculation that interest rates will be lowered.
More to come.
in a firmly bearish equity trend, carry trades are easy selloffs
Hot money will continue running back to old bird, the usd, for safety margins and cheap valuations. US is pretty much causing a domino effect.
They have pretty much sent the Asians and the Oceanians up to the moon with inflation...
at current levels im hoping the bulls can see a glimmer of value in Aussie and take back at least 2-3cents so that i could further size up my shorts. im figuring that Aussie may now run to the higher 80sIgnored