DislikedI'll only be there for 7 days from the 27th March and mainly in Bangkok.
Not sure how you send a PM message ??Ignored
cheers and regards and talk soon, will let you know how things are going in Thailand when I am there
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 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
DislikedI'll only be there for 7 days from the 27th March and mainly in Bangkok.
Not sure how you send a PM message ??Ignored
DislikedHi sinner- I've just read this, do you think they are gonna raise rate next week?Ignored
DislikedNo idea shah.
I am not an RBA watcher, the rates decision is in the chart for me or not.
Does anyone remember late 2008?
Forex markets began to invert themselves on their usual trend metric: rates.
Normal supply/demand is based on yield: higher carry on a pair = higher demand.
But during late 2008, the markets began to punish any currency which refused to cut rates. I remember the Mexican Peso basically dropped off a cliff when their CB told the market "we are not cutting rates"...lol...took them 2 weeks to cut rates after the market...Ignored
DislikedBut the Australian economy is underpinned by a fookin enormous boom in mining resources. A small fall onlyIgnored
DislikedThe only chart that matters to me right now is this USDX chart:
Attachment
It shows there is little point being in the market right now. Either the USD needs to make a concerted move above the red channel midline (buy target red channel upper line and above), or break the red channel lower line. In which case I will search to sell the USD when it next touches/confirms the blue channel upper line (sell target 79.6 and below).
Either way, there is clearly plenty of room to move before the market tips its hand to us.Ignored
DislikedMy charts show dx to 79.6, but then I have been waiting for that all week and it hasn't happened yet so maybe its not going to get there. Call me crazy but i am long the euro at 1.3500.Ignored
DislikedI am only holding 1 tiny position right now, long GBPUSD from 1.5532 with a stop below 1.5340.
I would prefer to position myself at the USDX trendline touches as they come about.Ignored
DislikedI am waiting for gu to rise so I can short it, have been waiting for that all week as well.Ignored
Dislikedhello again Guys:
well its seems like FXCM is working to restablish the accounts mine doesnt show -664k
now it shows the proper 130k but non of the positiions I was trading are there...Ignored
Dislikedclose and reverse......up goes the aussie
to much good news coming out which is going to decouple the "risk" association with this countryIgnored