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AUD/USD

  • #17,301
  • Feb 24, 2010 4:41pm Feb 24, 2010 4:41pm
Quoting Clouds
In the stock market, owners of S&P or Dow Jones, could 'technically' manipulate the rates at anytime they wanted, where are the Hubs like that in Forex?
http://www.investopedia.com/articles.../interbank.asp

http://i.investopedia.com/inv/articl...terbank_1r.gif

Although, I think you will find that the stock exchange is much the same as the foreign exchange these days. It is not S&P or DJ controlling things, it is the liquidity providers. ZeroHedge has written many articles on this topic.

http://www.businessinsider.com/high-...-levels-2010-1
http://www.zerohedge.com/article/the...uidity-defense
  • #17,302
  • Feb 24, 2010 4:42pm Feb 24, 2010 4:42pm
Quoting shoeysfish
Depends where u are looking for a house, Sydney up there in the top three or four in the world with comparative house prices I think.
Have houses gotten cheaper in the past 10 years?
  • #17,303
  • Feb 24, 2010 4:44pm Feb 24, 2010 4:44pm
Quoting Clouds
Have houses gotten cheaper in the past 10 years?
http://globaleconomicanalysis.blogsp...-fools-in.html

Mish gives a rundown of the RBA rates decision recently and the "pool of greater housing fools".
  • #17,304
  • Feb 24, 2010 4:47pm Feb 24, 2010 4:47pm
Quoting Clouds
Have houses gotten cheaper in the past 10 years?
No I dont think so, wages may have gone up, interest rates are I think lower than 10yrs ago, but houses in Sydney have gone up more
  • #17,305
  • Feb 24, 2010 4:47pm Feb 24, 2010 4:47pm
Quoting sinner-
http://www.investopedia.com/articles.../interbank.asp

http://i.investopedia.com/inv/articl...terbank_1r.gif

Although, I think you will find that the stock exchange is much the same as the foreign exchange these days. It is not S&P or DJ controlling things, it is the liquidity providers. ZeroHedge has written many articles on this topic.

http://www.businessinsider.com/high-...-levels-2010-1
http://www.zerohedge.com/article/the...uidity-defense...
Thanks for the info,
Would the banks or interbank market ever conspire with one another for any reason, or only interested in competing
  • #17,306
  • Feb 24, 2010 4:55pm Feb 24, 2010 4:55pm
Quoting Clouds
Thanks for the info,
Would the banks or interbank market ever conspire with one another for any reason, or only interested in competing
They conspire with one another almost every day.

Do you think a sustained drop from AUDUSD at 0.96 to 0.63 can occur without someone buying AUD and selling USD to all those who want it every step of the way?

Do you think EURUSD can drop from 1.51 to 1.35 without someone buying EUR and selling USD to all those who want it every step of the way?
  • #17,307
  • Feb 24, 2010 4:58pm Feb 24, 2010 4:58pm
Quoting sinner-
http://www.investopedia.com/articles.../interbank.asp
Found what I was looking for, Thanks.

"Each bank is structured differently but most banks will have a separate group known as the Foreign Exchange Sales and Trading Department."
  • #17,308
  • Feb 24, 2010 5:00pm Feb 24, 2010 5:00pm
Quoting sinner-
http://globaleconomicanalysis.blogsp...-fools-in.html

Mish gives a rundown of the RBA rates decision recently and the "pool of greater housing fools".
Yes, our market is primed for a fall of epic proportions.
  • #17,309
  • Feb 24, 2010 5:04pm Feb 24, 2010 5:04pm
Quoting shoeysfish
Hey Daytrader,

What is your next month forecast on the AUDUSD, heading to Thai and Laos tomorrow to catch up with my extended family, cannot wait!

cheers and regards

Shoey
Hey shoeysfish,
I'm bearish on the AUD for next month I'd say we will see 0.86 - 0.85 and maybe even a little lower.
I'm going to Thailand next month lol.
Hope you have a great time.
  • #17,310
  • Feb 24, 2010 5:05pm Feb 24, 2010 5:05pm
Quoting sinner-
They conspire with one another almost every day.

Do you think a sustained drop from AUDUSD at 0.96 to 0.63 can occur without someone buying AUD and selling USD to all those who want it every step of the way?

Do you think EURUSD can drop from 1.51 to 1.35 without someone buying EUR and selling USD to all those who want it every step of the way?
The "Foreign Exchange Sales and Trading Department" of each bank, calculate price on a per minute basis, based on volume, demand, other banks prices, ect. (very specialized software)

Market makers may get an 'average' rate of the top 10 banks or something to give traders a price.

Is this right.
  • #17,311
  • Feb 24, 2010 5:11pm Feb 24, 2010 5:11pm
As long as 0.8960 is resistance, expect a return to 0.8855.
Attached Image
  • #17,312
  • Feb 24, 2010 5:19pm Feb 24, 2010 5:19pm
Quoting Daytrader74
Hey shoeysfish,
I'm bearish on the AUD for next month I'd say we will see 0.86 - 0.85 and maybe even a little lower.
I'm going to Thailand next month lol.
Hope you have a great time.
Thailand next month as well, great, where will you be going??

I will be in Koh Samui at Brother in Laws restuarant from 2nd March for 2 weeks, Bangkok from about 20th March and in between will be up on the Mekong near Udon Thani.

I do think I will convert a big wad of AUD Dollars soon as I get there.

cheers

How do you send a PMessage? Will send you my email.
  • #17,313
  • Feb 24, 2010 5:22pm Feb 24, 2010 5:22pm
Quoting Clouds
The "Foreign Exchange Sales and Trading Department" of each bank, calculate price on a per minute basis, based on volume, demand, other banks prices, ect. (very specialized software)

Market makers may get an 'average' rate of the top 10 banks or something to give traders a price.

Is this right.
No it isn't. Well, first part is right about the specialized software (it's just realtime arbitration of prices AFAIK), but second part about average rate I don't think so about that.

Market makers are just that, they choose what they will bid and offer on any particular pair. They have access to the EBS and Reuters to see what the interbank level 2 looks like and go from there. Sometimes the orders might be close to EBS, sometimes a bit further away.

You will notice, for example, the drop from 1.48 (roughly) to 1.43 was caused after some interbank dealers withdrew their bids causing the market to collapse out from underneath itself.

Like this from Nov 09:

http://www.forexlive.com/67877/all/p...dity-very-poor
  • #17,314
  • Feb 24, 2010 5:23pm Feb 24, 2010 5:23pm
Quoting shoeysfish
Thailand next month as well, great, where will you be going??

I will be in Koh Samui at Brother in Laws restuarant from 2nd March for 2 weeks, Bangkok from about 20th March and in between will be up on the Mekong near Udon Thani.

I do think I will convert a big wad of AUD Dollars soon as I get there.

cheers

How do you send a PMessage? Will send you my email.
I'll only be there for 7 days from the 27th March and mainly in Bangkok.
Not sure how you send a PM message ??
  • #17,315
  • Feb 24, 2010 5:24pm Feb 24, 2010 5:24pm
CNBC is on the box right now and Kramer is on. Someone needs to slap him or take away his speed.
  • #17,316
  • Feb 24, 2010 5:25pm Feb 24, 2010 5:25pm
Quoting Daytrader74
I'll only be there for 7 days from the 27th March and mainly in Bangkok.
Not sure how you send a PM message ??
worked out Pmessage, sent you one.

cheers
  • #17,317
  • Feb 24, 2010 5:28pm Feb 24, 2010 5:28pm
Quoting sinner-
No it isn't. Well, first part is right about the specialized software (it's just realtime arbitration of prices AFAIK), but second part about average rate I don't think so about that.

Market makers are just that, they choose what they will bid and offer on any particular pair. They have access to the EBS and Reuters to see what the interbank level 2 looks like and go from there. Sometimes the orders might be close to EBS, sometimes a bit further away.

You will notice, for example, the drop from 1.48 (roughly) to 1.43 was caused after...
Reuters gets prices from EBS?
  • #17,318
  • Feb 24, 2010 5:29pm Feb 24, 2010 5:29pm
Quoting sinner-
Do you think a sustained drop from AUDUSD at 0.96 to 0.63 can occur without someone buying AUD and selling USD to all those who want it every step of the way?

Do you think EURUSD can drop from 1.51 to 1.35 without someone buying EUR and selling USD to all those who want it every step of the way?
Hi sinner- I've just read this, do you think they are gonna raise rate next week?

"
AUD: RBA COULD RAISE RATES NEXT WEEK

After the sharp sell-off on Tuesday, the Australian, New Zealand and Canadian dollars recovered marginally. Australia was the only country with economic data released over the past 24 hours. Wages grew at a slightly slower pace in the fourth quarter while construction work done increased by 2.6 percent. The construction sector and the housing market have been the strongest parts of the Australian economy and even though the RBA raised interest rates 3 times in row, the housing market barely cooled. As a result, there is a good chance that the Reserve Bank could raise interest rates next week especially after RBA Deputy Governor Battelino made extremely hawkish comments yesterday. Australian leading indicators are due for release tomorrow along with private capital expenditure. Neither one of these reports will probably have a meaningful impact on the Aussie. New Zealand business confidence will also be released and hopefully businesses will not share the sentiment as consumers who were less confident in February. The rally in the Canadian dollar was also helped by the rise in oil http://www.fx360.com/App_Common/images/chart-icon.gif prices. Gold http://www.fx360.com/App_Common/images/chart-icon.gif fell close to $6 an ounce but oil http://www.fx360.com/App_Common/images/chart-icon.gif prices increased $1.29 to $80.15 a barrel. "

http://www.fx360.com/commentary/kath...to-script.aspx
  • #17,319
  • Feb 24, 2010 5:34pm Feb 24, 2010 5:34pm
aud/usd bear flag
usd/cad bull flag
  • #17,320
  • Feb 24, 2010 5:36pm Feb 24, 2010 5:36pm
Lets hope price action acts accordingly
Quoting Clouds
aud/usd bear flag
usd/cad bull flag
Annoying Precision
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