AUD/USD | Page 707 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #14,121
  • Jan 20, 2010 7:06pm Jan 20, 2010 7:06pm
Quoting Ducci
Patience do you think that it is because people anticipate China's announement of double digit growth to strengthen the Australian currency?
I don't think so. More because they probably think it's dropped enough.

Was just watching Bloomberg and analysts are saying that the Chinese Government don't really want to see growth much above 10% otherwise that is going to show the economy is overheating/bubble economy and then they might implement one of their "surprise" interest rate rises as they do on a Friday afternoon.
Nothing worth having is easy.
  • #14,122
  • Jan 20, 2010 7:08pm Jan 20, 2010 7:08pm
Quoting Ducci
I don't know FT. I started to do the same thing, but there seems to be a lot of indecision right now especially around .9120. I hope you get it. I am going to sit out until the high impact announcement comes out, and see where that lands.
I know risk so I moved SL to 0.9130, becouse I dont want get some jokes from news what will be released after hour. If price reach 0.9105, it will good. If not, then nothing till morning and new signals.
  • #14,123
  • Jan 20, 2010 7:25pm Jan 20, 2010 7:25pm
I'd like to short at 9180 or 9240 , but would want to see how these levels react
  • #14,124
  • Jan 20, 2010 7:28pm Jan 20, 2010 7:28pm
Quoting Ducci
Patience do you think that it is because people anticipate China's announement of double digit growth to strengthen the Australian currency?
I just re-read your question. I don't think FXCM traders would be anticipating Chinese numbers but as for the big guns I don't know .... the numbers could be quite a mover judging by what Bloomberg is saying .... trade safe
Nothing worth having is easy.
  • #14,125
  • Jan 20, 2010 7:29pm Jan 20, 2010 7:29pm
As I mentioned on Sun in my COT thread AUDUSD and USDCAD extreme positions were indicating a reversal or deep correction which is happened.
http://www.forexfactory.com/showthread.php?t=216247

I look to sell on retracement particularly at S turns R at .9175-50 with Hedge position over .9200
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2.gif Size: 17 KB
  • #14,126
  • Jan 20, 2010 7:33pm Jan 20, 2010 7:33pm
I like being short all commodity currency's. The Dollar is bid and although we might bounce, the biggest move is to the down side.
  • #14,127
  • Jan 20, 2010 7:33pm Jan 20, 2010 7:33pm
I heard "real money" types were buying aud/usd and nzd/usd last night.
Also it's testing a broken trend line, yet I'm still waiting to short.
Attached Image
  • #14,128
  • Jan 20, 2010 7:49pm Jan 20, 2010 7:49pm
ForexLive were reporting that:

Dealers trying to get at Trailing Stops in EUR/USD

I’m told that there are quite a few trailing stops in the EUR/USD starting just above 1.4135 and dealers are trying to trigger them.

http://www.forexlive.com/category/all

Those nasty dealers
Nothing worth having is easy.
  • #14,129
  • Jan 20, 2010 7:49pm Jan 20, 2010 7:49pm
Quoting Clouds
I heard "real money" types were buying aud/usd and nzd/usd last night.
Also it's testing a broken trend line, yet I'm still waiting to short.
Attachment
The funny thing right now is if I just traded long at .9120 and reverse at .9130 a few times, I could have probably picked up around 40 PIPs of movement back and forth just in that channel, Insead I have a long at .9131. Do you think that I am ok? My short term indicators are not making me feel real comfortable.
  • #14,130
  • Jan 20, 2010 7:58pm Jan 20, 2010 7:58pm
Here are my predictions on the reactions of the news release:

1) GDP in double digits or higher (forcast:10.7%) AUD/USD is going DOWN to test major 89.50 support

2) GDP in single digits Possible back up to 91.75
  • #14,131
  • Jan 20, 2010 8:11pm Jan 20, 2010 8:11pm
I say GDP down today, high expectations leads to let downs.
  • #14,132
  • Jan 20, 2010 8:13pm Jan 20, 2010 8:13pm
Right now the market looks like a shorted out traffic light
  • #14,133
  • Jan 20, 2010 8:15pm Jan 20, 2010 8:15pm
Quoting BobbyBob
Here are my predictions on the reactions of the news release:

1) GDP in double digits or higher (forcast:10.7%) AUD/USD is going DOWN to test major 89.50 support

2) GDP in single digits Possible back up to 91.75

correct me if I'm wrong. I assumed good GDP numbers would push AUD up. AU being a resourced based economy and china being our biggest customer?
  • #14,134
  • Jan 20, 2010 8:23pm Jan 20, 2010 8:23pm
Maybe I am being nieve along with some wishful thinking, but doesnt multiple tails to the down side typically signify an up rally because the bears can't push it down?
  • #14,135
  • Jan 20, 2010 8:29pm Jan 20, 2010 8:29pm
Quoting Ducci
Maybe I am being nieve along with some wishful thinking, but doesnt multiple tails to the down side typically signify an up rally because the bears can't push it down?
No that isn't always the case.
  • #14,136
  • Jan 20, 2010 8:31pm Jan 20, 2010 8:31pm
Quoting waynoFX
correct me if I'm wrong. I assumed good GDP numbers would push AUD up. AU being a resourced based economy and china being our biggest customer?
A high GDP growth might force china gov to further rise interest rates and limit liquidity.

Grow is good, but too much and too fast growth is bad
  • #14,137
  • Jan 20, 2010 8:33pm Jan 20, 2010 8:33pm
Quoting Daytrader74
No that isn't always the case.
So I take it that you probably have a short? I probably should have waited, but .9131 seemed like a safe long trend assumption after all of that consolidation at .9200
  • #14,138
  • Jan 20, 2010 8:36pm Jan 20, 2010 8:36pm
Quoting BobbyBob
A high GDP growth might force china gov to further rise interest rates and limit liquidity.

Grow is good, but too much and too fast growth is bad

Ahh ok, Thanks
  • #14,139
  • Jan 20, 2010 8:40pm Jan 20, 2010 8:40pm
Quoting Ducci
So I take it that you probably have a short? I probably should have waited, but .9131 seemed like a safe long trend assumption after all of that consolidation at .9200
That should have said consolidation at .9120. All of this market indecision is wearing on me.
  • #14,140
  • Jan 20, 2010 8:43pm Jan 20, 2010 8:43pm
Quoting Ducci
That should have said consolidation at .9120. All of this market indecision is wearing on me.
Please refer to my earlier post http://www.forexfactory.com/showpost...ostcount=14118, I'm still in my trade , nothing has changed for me.
30 traders viewing now