AUD/USD

add kiwi long 7454

9184/7449=1.232917, in the money

lets see....

It will fall eventually below 90, may be even below 85 but............

may be sometime next year or when there is another global financial crisis...

add more long the kiwi 7464

lol nice ! now as the twin tasman is (locked in)grounded LOl, focus your trade on aud/nzd long at better price and dont spent all one trade scale it!!

Are you just looking for a few pips on this late long?

The performance of the U.S. dollar vs. other currencies depends on a number of factors, primarily relative interest rates and inflation of each country, the level of deficit spending by governments, and the demand and prices for imports and exports.

As far as the deficits are concerned, the US is the champ.
According to the OMB the U.S. is running a deficits of $459 billion in 2008, $1,841 billion in 2009 and $1,258 billion in 2010. The deficit is 46% of government outlays in 2009, 35% in 2010, and 25.5% in 2011. This assumes a GDP growth of -1.2% in 2009, 3.2% in 2010, and 4.0% in 2011. That is strong economic growth and well above the blue chip consensus of economists.

To fund this deficit the government sells bonds to whoever will buy them. Many of the buyers are foreign banks and governments. When these bonds are sold, it acts as a capital inflow to the U.S. that should encourage the dollar to rise. Currency traders realize that this money is not a capital investment; rather it is a loan to cover expenses. It is not being invested into any form that will generate money that can be used to pay back the loan. This raises the prospect that the money may never be paid back. If it does not, then the money is a loss. In these cases, it puts more downward pressure on the dollar. As the deficits grow, currency traders become increasingly concerned that their money is more at risk. This forces the dollar to fall further.

The U.S. dollar is reflecting the negative consequences of low interest rates relative to the potential for inflation, serious government spending deficits and a large trade deficit. Any one would put downward pressure on the dollar. All three together will encourage the dollar to fall over time. The fundamentals of the dollar will force it to fall further despite what the politicians say.

Buy the dips.

trade 1 and you are in profit of 20 pips ,add another 1 now you have 2 , move you stop, price move another 20pips add another 2 now you have 4 trades etc....move stops(protect the gain and ride the bus

RBA sold A$830M in Forex market in September

Written by Sam Diakou
October 15, 2009 at 00:48 GMT

The Reserve Bank of Australia sold a net A$830 Million in the spot FX market in September.
No effect on AUDUSD as it continues higher towards 92c


DONT EXPECT MUCH DOWNSIDE. Even RBA intervention is not going to help...

Watch out if E/A breaks down through the resistance.

E/N in a similar predicament.

Aggh my Long at 9100 was missed last night it only came back to 9110 candle LOL.
adding long @ 9150

Looks like Steven speech was hawkish for us, and the FOMC meeting didn't buff the USD either, another good day. Was worried everything would turn bearish and we'd be under 9000.
Dow broke 10k today, let's see this leads to massive take on of high yielding assets.

in profit? add more short and move the stop to protect the gain, i dont care where shes heading as long as im at the right direction, i might end up in latvia

http://img39.imagefra.me/img/img39/2...gm_5bb2f5b.png

Investors and traders - we all already know the difference, so....

That isn't really a lot of selling, AUD trades that much every week on average, and certainly only a tiny tiny portion of the high volume trading that went on between June and Aug in all USD pairs.

Resistance at 9200 ... so if anyone interested to add short ...

even it breaks it wont go that far IMO ...

830M? its not amount for any bank to intervene forex market ...

if RBA wants to really Intervene, they will intervene with atleast couple of Billions ...

hey mate, are you still shorting this pair?

if you wouldn't mind, can you please tell me where do you expect to close your shorts to get b/e and then some profit?

thx

I am currently shorting GBP and saving soldiers to rescue me as it keeps going against me...

a-ha Thank you Money-RX

if she break to the downside it will chage the valuation of the euro

http://img03.imagefra.me/img/img03/2...em_5ecb8df.png

0.92 x 1.61=1.4812

0.91 x 1.62=1.4742

0.90 x 1.63=1.4670

what is the eur/usd chart exhibit? any bullish pattern at all? ready to go long ?