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AUD/USD

  • #103,941
  • May 7, 2018 10:41pm May 7, 2018 10:41pm
Quoting danc
{quote} Yeah ..GOT it..but trend sure looks down to me..not that i would know AND that treasure fellow reckons us old folk will be 10 d per week better off after the budget.. well i am here to tell you that wont even buy me a hamberger were i live let alone a good milk shake and 600bd in interest only loans??? bit of a worry..i think any how..me i am loaded up fo it to go hard down side,,like i said not that i would know..
Australian residents are all very concerned. That's true.
The Chinese Trade Balance was pretty good. 213B (-30 to 183) and this should hold AUD for now. Let's see if this is enough.
If Gold goes down, forget it!
Hey buddy, let's grab some Pips!
  • #103,942
  • May 7, 2018 10:53pm May 7, 2018 10:53pm
Quoting WhiteMouseFX
{quote} Retail sales comes in at 0% .2% below expectations. Yep! Australia is in a big financial downward spiral. Yep! Private debt ridden .. people arent spending .. Yep! RBA needs to cut rates as the place is suffocating . NOPS! The BIG money is not with the people, but with banks, big companies and especially IMF government loans. So the government in order to be able to pay the growing public debt, RBA interest rates must rise. This affects the Yields and consequently the inflation which pumps the economy. This is...
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The big money is with the banks .. the old saying when you owe the bank $100 its your problem when you owe the bank $500K its their problem.
There is enough people giving the banks a head ache .
If they raise rates watch the banks have their problem.
If they lower rates consumption rises mortgage stress eases and probably the banks are in a position of less defaults.

The is a low rate environment . wage growth wont happen for years thanks to the open border policy of the globalists and on top of that robotics.

  • #103,943
  • May 8, 2018 7:11am May 8, 2018 7:11am
Honestly disappointing budget, the average full time worker is still going to be scraping the bottom of the barrel and paying close to the same tax. Only worth it once you start earning above 87K, with median wage being 40k and average 67K, this is just a massive political stunt saving face that lower income earners get a break, yeah, the ones that earn close to 100K... Let a recession happen here, I'm yearning for one so the rich folk panic and sell their houses and stocks and I can actually be better off by buying cheap assets, don't think hospo and courier jobs are going to suffer since the Chinese students are powering it in the CBD areas such as Sydney and Melbourne.
  • #103,944
  • May 8, 2018 10:57pm May 8, 2018 10:57pm
Are you guys paying attention to the fact the bottom of a 2-year raising channel could be at 0.7176-0.7221 zone?

Analysis on 2-day chart, have a look.

127% Fib expansion from A1 B1 C1
The 27% Fib level is expected from A1 B2 C2
This could confirm the bottom of a raising channel.

Does anyone here think the same or different?
Post here and let's compare our analysis.
Attached Image (click to enlarge)
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Hey buddy, let's grab some Pips!
  • #103,945
  • May 8, 2018 11:30pm May 8, 2018 11:30pm
4 federal politicians have to resign today because of dual citizenship which isnt permitted under the constitution.

These people from labor (the left side) party have known this for quite some time and have been ruled out / expelled by the high court .

Be it ignorant or not how can we have have these people in government running the country.

No wonder Australia is floundering .

Sell Aussie
  • #103,946
  • May 9, 2018 12:00am May 9, 2018 12:00am
Quoting lasty
4 federal politicians have to resign today because of dual citizenship which isnt permitted under the constitution. These people from labor (the left side) party have known this for quite some time and have been ruled out / expelled by the high court . Be it ignorant or not how can we have have these people in government running the country. No wonder Australia is floundering . Sell Aussie
But Labour aren't running the country though are they - the Liberal / National Coalation are the governing party that hold power.
Get your facts right !
  • #103,947
  • May 9, 2018 7:12am May 9, 2018 7:12am
Looks like a reversal on the 4 hour chart.
  • #103,948
  • May 10, 2018 7:40am May 10, 2018 7:40am
Quoting KeenPips
Wow! You are so sure!!! KP {quote}
wow isnt it? go long.
Market Player
  • #103,949
  • May 10, 2018 7:52am May 10, 2018 7:52am
Thanks but that's not how I trade.

KP

Quoting ETOMarkets
{quote} wow isnt it? go long.
Do your homework, follow the footprints of smart money
  • #103,950
  • May 14, 2018 12:38am May 14, 2018 12:38am
The pair consolidation continues between 0.7457 to 0.7582, important resistance can be found at 0.76 level. Focus on US retail sales and Aussie wages data this week.
  • #103,951
  • May 14, 2018 12:59pm May 14, 2018 12:59pm
IMO, A/U is dropping to atleast .7450
Attached Image (click to enlarge)
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  • #103,952
  • May 14, 2018 4:37pm May 14, 2018 4:37pm
PA clearly refuses 0.75 so far. They may retest it and then they should go up to 0.80 and may try to break it again. If market manage to do so then sky is the limit
  • #103,953
  • May 14, 2018 6:00pm May 14, 2018 6:00pm
The approaching election in Australia is a negative for the AUD. Perhaps the budget is a reminder that the election may come sooner than expected. The election is negative because it generates policy uncertainty and reminds the market how unstable government in Australia has been for the last decade.
The Australian economy has performed reasonably well, despite weak governments, although it has struggled to provide strong policy direction that might have helped drive the economy out of its long period, post-mining boom, of sub-trend growth since 2013.
Excessive reliance on easy monetary policy and aggressive bank lending over this period has resulted in an alarming rise in household debt and house prices. Mis-managed energy policy is widely considered to have led to under-investment and electricity shortages in the last year.
  • #103,954
  • May 14, 2018 7:51pm May 14, 2018 7:51pm
Quoting MorganX
PA clearly refuses 0.75 so far. They may retest it and then they should go up to 0.80 and may try to break it again. If market manage to do so then sky is the limit
Given what the assistant RBA governor has just said do you think 80 cents is realistic.
  • #103,955
  • May 14, 2018 7:59pm May 14, 2018 7:59pm
Quoting lasty
{quote} Given what the assistant RBA governor has just said do you think 80 cents is realistic.
No!
  • #103,956
  • May 14, 2018 10:48pm May 14, 2018 10:48pm
I'm only tech speculating ! (I don't see it rising fundamentally.)
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  • #103,957
  • May 14, 2018 11:42pm May 14, 2018 11:42pm
https://www.theage.com.au/business/t...15-p4zfbt.html

I seem to be the bearer of bad news for Australia but that all Im seeing so far fundamentally.

The above link highlights risk to mortgage holders and potential homebuyers and those who are betting on house prices
  • #103,958
  • May 15, 2018 1:03am May 15, 2018 1:03am
Quoting charron
IMO, A/U is dropping to atleast .7450 {image}
This short worked out exactly as planned,
Anyone short should wait untill .7450 to TP
  • #103,959
  • May 15, 2018 5:07pm May 15, 2018 5:07pm
"News" in few hours.

Leaked of course.
Will be good and/or Aussie will go up.

It's all arranged well in advance, so don't lose sleep

There COULD be spike down to catch stops. If you're smart you'll buy now and buy early morning Frankfurt....

If you're smartER you'll avoid this cr.p.
Or sell E/A. That's a plan!!!

Easiest money!!!
Beware of robber banks (RB), bad advisors.
  • #103,960
  • May 15, 2018 5:11pm May 15, 2018 5:11pm
Quoting lasty
{quote} Given what the assistant RBA governor has just said do you think 80 cents is realistic.
I base on AT and don't follow fundamentals. Very often when news are released they are in the price already. I read the chart and base on that shearing my views. I don't fight the market as price is never low/high enough to not to be lower/higher.
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