AUD/USD

the winning half is bigger than the losing half

the kitchen is hot when the chef is cooking but im not even warm

the long half is the winning half at the moment........

if the collapse financial of century only send the aud/usd to this range and not even hit the parity, what range volatility aud/usd gonnabe in the future?

opinion please?

time is calling ,got to go and become slave again, CIAO!

its pretty simple ...

if the rate stays i will go short ...

if the rate raise by 25 i will go short ...

if the rate raise by 50 i will go long ...

currently i am long ...

I've just added more long aiming for the 00 as in 0.9200

Rates, in my humble opinion, won't go up tomorrow. RBA wouldn't want to give ppl a sore Xmas. Instead they'll play safe and wait it out till Feb, where there is a good liklihoold that rates will go up by 50 bps to counter any higher inflationary pressure, if there is any at the time.

The first reaction, IMHO, tomorrow will be down as rates wont go up but as market reads the supporting commentary (and bullish assessment of Aussie economy), it will start to rise

It seems to be ranging between 0.9160 -0.9170 for a but now......

By Fairfax group

2009-11-30

The Australian dollar was higher at noon, as investors rediscovered their appetite for risk, after Dubai's surprise call for a "standstill" on paying back its $US60 billion ($A65.72 billion) debt until next year.
At 1200 AEDT, the Australian dollar was trading at $US0.9151/53, up from Friday's close of $US0.9015/20.
On Friday, the Australian dollar plunged two US cents, or by 2.19 per cent, as investors absorbed the news of Dubai's impending standstill on debt repayments.
Since 0700 AEDT on Monday, the local unit has traded between $US0.9098 and $US0.9160, according to IRESS data.
Commonwealth Bank associate economist Sara Hoenig said the local unit was being well supported during Monday's local session as Asian stock markets appeared to shrug off the effects of the Dubai announcement on Thursday.
"Dubai is probably the main driver of the Aussie," she said.
"But Asian equities have opened a little bit stronger, and that's following on from the lead European equities had on Friday evening.
"It's in line with a recovery sentiment following Friday and Thursday evening's rather risk averse climate."
At 1152 AEDT Japan's Nikkei 225 index was 2.22 per cent higher 9283.31 points, while the Korean KOSPI was 2.05 per cent higher at 1556.34 points.
During the domestic session the Australian Bureau of Statistics data showed that company gross operating profits, at current prices, fell 2.1 per cent in the September quarter, seasonally adjusted, and were down 19.6 per cent over the year.
The median market forecast was for gross operating profits to have fallen by 0.1 per cent in the September quarter.
Ms Hoenig said the data did little to the local unit.
"The Aussie was practically unchanged from when they came out," she said.
Ms Hoenig said investors would look ahead to Tuesday's domestic session, when the Reserve Bank of Australia is expected to make its final scheduled interest rate decision for 2009.
Market expectations have wavered between a 50 to 70 per cent chance of a 25 basis point rate rise when the bank's board announces its decision at 1430 AEDT.
The overnight cash rate is currently at 3.5 per cent.
"That will be the main domestic event for the week," Ms Hoenig said.
"We're still keeping to the view that the RBA will raise rates by 25 basis points."
Meanwhile, the Australian bond market was weaker at noon.
At 1200 AEDT, the yield on the Commonwealth Government March 2019 bond was at 5.267 per cent, up from Friday's close of 5.196 per cent, while the yield on the April 2012 bond was at 4.430, up from 4.586 per cent previously.
On the Sydney Futures Exchange, the December 10-year bond futures contract was at 94.730, down from Friday's close of 94.790, while the December three-year bond futures contract was at 95.270, down from 95.320 previously.

I'm pretty much on the same page as you. Watching .92-ish resistance, short atm.

looks like its having a hard time trying to break through 0.92

lol you sure ??

i am looking at .9070 for 50% from .9195
any one else have an estimate for support?

I say we will see 0.9150 again soon....

yea no doubt, .92 may be an ok stoploss even..

I will take that...I am in for 40 lots on the short
basis of .9181
the question is can I stay awake that long
cheers!

Hi Clouds
My shorts got filled at .9275, I'll sell rally up to .9250, then hedge above .9321, thats the plan but I think we are going to top here soon

I'm doing the same thing in GBPUSD ,selling at 1.6575 , then Hedge if the price breaks above 1.6745

both trades made me 45 pips so far, but they are supposed to be there for couple of hours