AUD/USD

thank you! and im looking at it right now , so i think it would be good to test the long side of eur/aud pair and im in now long at 1.6089

the bigger the gap between eur/usd and aud/usd the higher value of eur/aud and vice verca

1.4950/0.9300=1.6075

1.5000/0.9250=1.6216

1.5050/0.9200=1.6358

just IMO!

the chart also looks good but im still in testing mode as eur/aud is still very bearish on daily chart!

http://img37.imagefra.me/img/img37/1...8m_ff0afbc.png

got to go to bed , later ...!

Very astute of you to see that ben10. Good trading.

Are you taking profit here? It looks like it's ready to fall back down and remain in the wedge formation on the 1H and 4H charts.

G'morning all
It looks like its bull time again. The US late push downwards pushed the Aussie to bottom Floor traders Pivot. Next one is 9240 if it crosses 9270. But i am going long from 9272 and going back to sleep. See you all in the asian session

holding multiple lots? or able to take 0.5 lots? take half and half? if u've done really well this week then u can afford to go for the 9400....if not....then take the 9350...for all we know it maybe doesnt hit 9350 and u make zero profit?

i had longs aimed for 9360 orginally....

Fairfax report for the AUD today. hot of the oven
2009-11-19

The Australian dollar opened a fraction lower on Thursday, after trade see-sawed between conflicting economic leads during the offshore session.
At 0700 AEDT, the Australian dollar was trading at $US0.9274/75, down from Wednesday's close of $US0.9290/95.
During the offshore session, the domestic currency traded between $US0.9337 and $US0.9270.
Bank of New Zealand currency strategist Mike Jones said waning commodity prices and weak US housing data had sent investors into the safe haven US dollar.
But the US dollar weakened later in the session after a member of the US Federal Reserve's board of governors suggested the central bank could wait to 2012 before lifting US interest rates.
"It was a topsey-turvey night in markets and the net result was we're back where we started," Mr Jones said.
"We saw it push up early in the night, because it was initially a very good night for commodity prices... and we saw the Aussie push up past $US0.9330.
"Weak US housing data sort of highlighted the fragility of the global outlook, so we saw risk appetite tempered a little bit, commodity prices came off and equity markets went into the red."
The Australian dollar is a growth or risk sensitive currency and rises or falls with the price of commodities.
In late-afternoon trade, the Dow Jones industrial average was down 0.35 per cent to 10,401.22 points, while the broader S&P 500 index was down 0.26 per cent to 1,107.42 points.
The Thomson Reuters/Jefferies index of 19 commodity prices scraped a little higher by mid afternoon, gaining 0.27 per cent to 277.9 points.
Meanwhile, US housing starts fell to their lowest level since April this year, following a drop in construction activity for both single-family and multi-family dwellings, the US commerce department reported.
Mr Jones said the US dollar's strength had been sapped later in the offshore session when Federal Reserve of St Louis president, James Bullard, suggested the US central bank could wait until 2012 to lift interest rates.
Mr Bullard is on the board of governors at the Fed.
"If you look at the last two recessions, in each case the Federal Open Market Committee waited two and a half to three years before we started our tightening campaign," Mr Bullard is reported to have told an audience in St Louis.
"If we took that as a benchmark, that would put us in the first half of 2012."
US interest rates are currently at an all time low target band of zero to 0.25 per cent.
Like most G20 nations, the US Fed slashed its interest rates in response to the global financial crisis.
Australia has a current cash interest rate of 3.5 per cent.
Mr Jones predicted the Australian currency would drift higher during the day, but in a similar range to what the traders have seen in the past week.
"Gains will probably be capped at the $US0.9330 region," he said.

best week of the quarter so far

Dear Gold,

i hope we can keep our love and hate relashionship moving forward.

Regards,

G_Man

amen

limit short at 1160, just an idea

http://www.kitco.com/charts/livegold.html

i second that

I am confused! anybody with any comments why the downhill movement from 9301? almost 30 points no move in any other related instruments....

It sure is....

thanks, and the trade turned up good too, i scalp gbp usd short ATM

just little bit below cuz you may miss it ...

fundamentally i dont know ,perhaps big insto(bank,hedge fund) cleaning up their carry trdes position or profit taking, chart wise its exhibit price weakness on hourly chart and head and shoulder pattern eyeing 9200 level witt support at 9265 and 9237 to be broken IMO!

eur/aud bid higher as the aud/usd bid lower , are you trading eur/usd?

http://img40.imagefra.me/img/img40/1...bm_118a36c.png

Good to hear that you made nice profit shorting Gold,
the funny thing is that I still have my Long position from 1,104 open, and every 4hr I moved my SL to a new Support and it never broke it,
It might do it this time, but no problem I locked in +350 pips so far,
Now it seems to me a break of the support at 1,139.5 will open more downside opportunity as we have a nice RSI divergence at 1h

http://img40.imagefra.me/img/img40/1...am_f13d59c.png