JP Morgan says the Aussie dollar's slide isn't over yet | Forex Factory

  • JP Morgan says the Aussie dollar's slide isn't over yet

    From businessinsider.com.au

    After threatening to fall below 70 cents late last month, the Australian dollar has bounced against the greenback in November, helped in part by solid Australian employment data, hopes for trade resolution between the US and China, some softening in US interest rate expectations and, given stretched short positioning that had built up to the highest levels in several years, short covering from some investors. Many are now wondering whether the bounce from .7020 in late October was the low-point for the AUD/USD in the current cycle? To JP Morgan, the answer to that question is no. According to the bank’s Australian ... (full story)

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gezis
Nov 21, 2018 7:14pm
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Quoting Aussi
and what do they know >>>>>>>> nothing
They probably know everything,question is whether they're saying what they actually think.
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Trader#4BC6
Nov 21, 2018 10:52pm
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I disagree with JPM
Looking at the weekly chart would suggest down trend over. the key level 7160 was broken just for a short time and shortly after god employment figs were release. Funny how fundamental and key levels go hand in hand.Simply a red herring from JPM, AUD on the way up IMHO
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Aussi
Nov 21, 2018 6:17pm
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and what do they know >>>>>>>> nothing
Reply
Aussi
Nov 21, 2018 7:23pm
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Quoting gezis
{quote} They probably know everything,question is whether they're saying what they actually think.
might be time for a buy to fill the gap
Reply
Aussi
Nov 21, 2018 9:30pm
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Quoting gezis
{quote} I'm on the other side of the fence,i'm shorting it
all ways look on the bright side of life >>> monty pyphon
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gezis
Nov 21, 2018 8:30pm
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Quoting Aussi
{quote} might be time for a buy to fill the gap
I'm on the other side of the fence,i'm shorting it
Reply
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