- Joined Jun 2008 | Status: Member | 622 Posts
Life happens at the level of events. Trust only movement. - Adler
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DislikedIt just went down 40 pips today. I need more 70 pips to start having profitsIgnored
QuoteDislikedREVIEW: 22 JULY 2008
Today was all about two big "Ps"---U.S. Treasury Secretary Henry Paulson
and Philadelphia Fed President Charles Plosser. Paulson and Plosser both
made comments today that sent the U.S. dollar (USD) soaring as
USD bears tried to cover their short positions and USD bulls pounced
on an opportunity to add to their postions.
Paulson said that the U.S. government supports a strong USD, and Plosser
said that the FOMC (of which he is a member) should raise interest rates
"sooner rather than later."
As the USD began to soar, the price of gold and other commodities fell.
The price of oil actually dropped nicely too as risks of Tropical Storm Dolly
hitting important oil-producing areas of the Gulf of Mexico fell substantially.
This sent U.S. stock markets higher and the VIX (the CBOE Volatility Index)
lower. And when you put this all together, it adds up to a weaker Japanese
yen (JPY) and weaker commodity currencies---Canadian dollar (CAD),
Australian dollar (AUD) and New Zealand dollar (NZD).
PREVIEW: 23 JULY 2008
Tomorrow is going to be a real test to see if the U.S. dollar (USD) will be
able to maintain its aggressive bullish posture....
DislikedThis week's CPI for the last quarter and then the RBA minutes of next month could put traders in a betting position for interest rate cuts. This will be the start of the downward trend:
http://www.news.com.au/business/stor...-31037,00.html
It could be today that money is flowing into Australia and into the ASX as investors could be perceiving some bargain buys. Although buying shares at such a HIGH AUD could also be risky with uncertainty not around if interest rates will rise but if interest rates will fall which will mark the end of this up cycle for the AUD.Ignored
Dislikedwhy close....
im running on so much free capital in this trade that i could go on scaling in and out of this baby....
Ride on! lol basis 9768....lets wait for the next big retracement and we'll add those shorties... i see quite a pretty key reversal in the daily and weekly forming upIgnored
DislikedI very highly doubt interest rates will be cut in Australia. The highest inflation figures in 16 years has just been reported, and whilst the Reserve Bank seems adamant not to raise interest rates as a quick-fix solution, it looks very likely they wont be able to hold down a rate hike any longer than 6-12 months. It would be very surprising if there was a rate cut.Ignored
DislikedWedges are usually continuation patterns, however, this is is pointing upward toward the trend... could be a bearish indicator.
http://i37.tinypic.com/2cy2xr5.gifIgnored
DislikedYou posted it few time back...and I must say U made a right analysis!!
sonicIgnored
DislikedWhat do you guys think:
http://www.bloomberg.com/apps/news?p...Ycs&refer=home
Obviously interesting for the carry traders out there......Ignored