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AUD/USD

  • #17,981
  • Mar 1, 2010 9:07pm Mar 1, 2010 9:07pm
Quoting Clouds
SL 9050 or 9090
So you don't think there will be a rate hike?
  • #17,982
  • Mar 1, 2010 9:08pm Mar 1, 2010 9:08pm
I dont think there will be a rate hike but i know the market will act as if there was!
"Pippin aint easy"
  • #17,983
  • Mar 1, 2010 9:08pm Mar 1, 2010 9:08pm
Quoting Saxon
I need to bring you facts to back my statements that Raising Interest Rates is a Contractionary Policy and Decreasing Rates is an Expansionary Policy? This is simple stuff that I really don't need to prove. A fifth grader knows this.
Sorry sinner, I respect your skills in charting and currency prediction. You have made many good calls. This is no slight against you, but Saxon is right.
  • #17,984
  • Mar 1, 2010 9:09pm Mar 1, 2010 9:09pm
Well I learned something from both of you...*drum roll*.....im a trader and not an economist....

On a serious note thanks for you inputs
Annoying Precision
  • #17,985
  • Mar 1, 2010 9:10pm Mar 1, 2010 9:10pm
if there is a hike we:

wait/spike/wait/sell/retracement/hold...

thast what I will do...if there is no hike...we :

wait sell/hold

thats what I will do
  • #17,986
  • Mar 1, 2010 9:11pm Mar 1, 2010 9:11pm
Quoting Saxon
I need to bring you facts to back my statements that Raising Interest Rates is a Contractionary Policy and Decreasing Rates is an Expansionary Policy? This is simple stuff that I really don't need to prove. A fifth grader knows this.
Contractionary and expansionary monetary policy are terminology of money supply.

I don't know any fifth graders who know about money supply, but those who I've spoken to about money supply generally agree that nominal interest rates are only at best an indirect method of controlling money supply.

Sell bonds, buy currency. That is contractionary monetary policy.

Buy bonds, sell currency. That is expansionary monetary policy.
  • #17,987
  • Mar 1, 2010 9:11pm Mar 1, 2010 9:11pm
Quoting adam119
So you don't think there will be a rate hike?
Mixed feelings, but since last time they didn't raise rates, they might be stalling till summer.
  • #17,988
  • Mar 1, 2010 9:13pm Mar 1, 2010 9:13pm
Quoting kourtney
if there is a hike we:

wait/spike/wait/sell/retracement/hold...

thast what I will do...if there is no hike...we :

wait sell/hold

thats what I will do
In both situations you are selling!
  • #17,989
  • Mar 1, 2010 9:14pm Mar 1, 2010 9:14pm
Quoting Squarepants
Sorry sinner, I respect your skills in charting and currency prediction. You have made many good calls. This is no slight against you, but Saxon is right.
No.

Both of you are mixing up correlation with causation.
  • #17,990
  • Mar 1, 2010 9:15pm Mar 1, 2010 9:15pm
Quoting adam119
In both situations you are selling!
I like her.
  • #17,991
  • Mar 1, 2010 9:15pm Mar 1, 2010 9:15pm
Wow its the great debate! you two should of been politicians!
"Pippin aint easy"
  • #17,992
  • Mar 1, 2010 9:16pm Mar 1, 2010 9:16pm
You both seem to have an understanding of economics. On a scale of 1-10, how much has this understanding improved your trading abilities?

I'd like both of you to answer

Thanks,


Quoting sinner-
Contractionary and expansionary monetary policy are terminology of money supply.

I don't know any fifth graders who know about money supply, but those who I've spoken to about money supply generally agree that nominal interest rates are only at best an indirect method of controlling money supply.

Sell bonds, buy currency. That is contractionary monetary policy.

Buy bonds, sell currency. That is expansionary monetary policy.
Annoying Precision
  • #17,993
  • Mar 1, 2010 9:16pm Mar 1, 2010 9:16pm
what do you think to enter before news to buy hoping for a raise as they tell?
  • #17,994
  • Mar 1, 2010 9:17pm Mar 1, 2010 9:17pm
cloud 9er.........haha
Quoting Clouds
I like her.
Annoying Precision
  • #17,995
  • Mar 1, 2010 9:20pm Mar 1, 2010 9:20pm
clouds you said if aud goes down you ll sell nzd too is it aud/nzd or nzd/usd?
  • #17,996
  • Mar 1, 2010 9:21pm Mar 1, 2010 9:21pm
Quoting Popularhelen
clouds you said if aud goes down you ll sell nzd too is it aud/nzd or nzd/usd?
nzd/usd, only if it stalls
  • #17,997
  • Mar 1, 2010 9:26pm Mar 1, 2010 9:26pm
Quoting sinner-
No.

Both of you are mixing up correlation with causation.
So are you saying that IRs are only a cause of monetary policy? Are you saying that they are correlated; well that's a no brainer. This is from the Fed of SF publishing:

"...The Fed uses three monetary policy tools to influence the availability and cost of money and credit: open market operations, the discount rate, and reserve requirements..."

"... The discount rate is the interest rate a Reserve Bank charges eligible financial institutions to borrow funds on a short-term basis. Unlike open market operations, which interact with financial market forces to influence short-term interest rates, the discount rate is set by the boards of directors of the Federal Reserve Banks, and it is subject to approval by the Board of Governors. Under some circumstances, changes in the discount rate can affect other open market interest rates in the economy. Changes in the discount rate also can have an announcement effect, causing financial markets to respond to a potential change in the direction of monetary policy. A higher discount rate can indicate a more restrictive policy, while a lower rate may be used to signal a more expansive policy...

Maybe you should learn what correlation and causation mean before you try using them in a sentence.
  • #17,998
  • Mar 1, 2010 9:27pm Mar 1, 2010 9:27pm
anticipating very large spreads....might want to adjust stops
Annoying Precision
  • #17,999
  • Mar 1, 2010 9:29pm Mar 1, 2010 9:29pm
Isnt it insider trading for the people who write up these rate changes or lack there of, surely they know how the market would react
"Pippin aint easy"
  • #18,000
  • Mar 1, 2010 9:31pm Mar 1, 2010 9:31pm
Let the games begin LOL
"Pippin aint easy"
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