Attachments: recent AUD action

recent AUD action

#1
First Post: Jan 19, 2007 11:30am Jan 19, 2007 11:30am

pipology-101
| Joined Dec 2006 | Status: piping ain't easy | 186 Posts

Why ia AUD rising against USD when USD news out weighs AUD.

"Australian Dollar Heads for Weekly Gain on Attraction of Yields "

i do not see this here in the News section.

I know I get my news from different sorces but-

Any one care to commnt on this news.

I bet AUD is coming down soon- but then again I am not sure

Pipology 101 student

#2
Jan 19, 2007 11:43am Jan 19, 2007 11:43am

scolo
| Joined Aug 2006 | Status: FOREX PLAYER | 9 Posts

Hey I was thinking about that myself, but with forex their is always something else making a currency move, looking at the graph the AUD is getting very high against the dollar nearing the 0.7900 area, am thinking it may retract a little once it hits 7890 and then more sideways movement is possible, I think with this it will be a case of waiting and watching.

Does anybody have any solid info on this currency pair.

#3
Jan 19, 2007 11:44am Jan 19, 2007 11:44am

pipology-101
| Joined Dec 2006 | Status: piping ain't easy | 186 Posts

Quoting scolo

Disliked

Hey I was thinking about that myself, but with forex their is always something else making a currency move, looking at the graph the AUD is getting very high against the dollar nearing the 0.7900 area, am thinking it may retract a little once it hits 7890 and then more sideways movement is possible, I think with this it will be a case of waiting and watching.

Does anybody have any solid info on this currency pair.

Ignored

i am short now - hoping for retract..

have been short actualy so waiting for breakeven

Pipology 101 student

#4
Jan 19, 2007 12:13pm Jan 19, 2007 12:13pm

scolo
| Joined Aug 2006 | Status: FOREX PLAYER | 9 Posts

May I ask what price you got in at to sell.

#5
Edited 1:10pm Jan 19, 2007 12:49pm | Edited 1:10pm

pipology-101
| Joined Dec 2006 | Status: piping ain't easy | 186 Posts

Quoting scolo

Disliked

May I ask what price you got in at to sell.

Ignored

.7884

I will get my money back- I know I will .

But it surprised me.
But thats the name of this game -

Pipology 101 student

#6
Jan 21, 2007 5:46pm Jan 21, 2007 5:46pm

richp
| Joined Sep 2006 | Status: Trader | 41 Posts

Quoting pipology-101

Disliked

Why ia AUD rising against USD when USD news out weighs AUD.

"Australian Dollar Heads for Weekly Gain on Attraction of Yields "

i do not see this here in the News section.

I know I get my news from different sorces but-

Any one care to commnt on this news.

I bet AUD is coming down soon- but then again I am not sure

Ignored

There is an interesting confluence of correlations between these two currencies.

It is well known that the USD is negatively correlated with gold and due to Australia being a resource driven economy the AUD is positively correlated with gold. The combination of these correlations means that the USD is negatively correlated with the AUD.

#7
Jan 22, 2007 3:15am Jan 22, 2007 3:15am