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AUD/USD

  • #18,181
  • Mar 3, 2010 11:26pm Mar 3, 2010 11:26pm
Quoting Cowboy11
I am about to go LONG. My point of view is that only 3 currency are value preserving, A, C & N. Others are just speculating up and down.
Sorry, not C is D.
Face both Win and Lose bravely
  • #18,182
  • Mar 4, 2010 1:01am Mar 4, 2010 1:01am
it's easily touch 90.00 and now under 89.90 i don't know if the trend will move lower today.
  • #18,183
  • Mar 4, 2010 1:35am Mar 4, 2010 1:35am
Quoting gimmie
where's your TP.. i also short from that exact point
I have been using a 20pip trailing stop from 9015
SL currently at ~9000. Whatever happens, happens, i'm done for the day

Might look for a re-buy at 8940 SL8925 depending on how the price drops and *if* it drops further tonight
My month will start after the non-farm, looking to enter only *good* positions between now and then, otherwise i'm sidelining
  • #18,184
  • Mar 4, 2010 2:00am Mar 4, 2010 2:00am
I would go short A/U.

view:

Fndmt:
Possibility of Greece bailout very bleak. ECB expected to keep I rates at 1%.
Sterling very weak before elections. Expect no change by BoE in I rates.
US Jobs data will probably be nothing great.

Tech:
RSI flat at 50 from lower band suggesting a downward move.
  • #18,185
  • Mar 4, 2010 2:49am Mar 4, 2010 2:49am
Quoting elektor
I would go short A/U.

view:

Fndmt:
Possibility of Greece bailout very bleak. ECB expected to keep I rates at 1%.
Sterling very weak before elections. Expect no change by BoE in I rates.
US Jobs data will probably be nothing great.

Tech:
RSI flat at 50 from lower band suggesting a downward move.
if the US Jobs data would not be great(or the worst is a red number for US Jobs) then why short?
  • #18,186
  • Mar 4, 2010 3:03am Mar 4, 2010 3:03am
Quoting elektor
US Jobs data will probably be nothing great.
I predict ( for a number of reasons ) that unemployment will rise above 10% once again. The only people hiring is the Gov. and Temps.

And No Mr. Summers. this has nothing to do with the amount of snow that has fallen this winter.
  • #18,187
  • Edited 3:14am Mar 4, 2010 3:05am | Edited 3:14am
Quoting yeri
if the US Jobs data would not be great(or the worst is a red number for US Jobs) then why short?
S&P falling linked to bad jobs data and A/U linked to falling S&P. Noticed a tight link to the two in the past few months of trading. I would probably go short now and close an hour before data release SL .9050 and TP .8900

Also Put Option build up at 9000 strike premium 0.0041. Therefore I feel market is expecting the same.
  • #18,188
  • Mar 4, 2010 3:14am Mar 4, 2010 3:14am
US unemployment rate predicted to be close to 9.8 so it would be 9.8 or 9.9. so let see tommorow.
  • #18,189
  • Mar 4, 2010 3:15am Mar 4, 2010 3:15am
I'm predicting 10.2 or higher. But like you said, we will see come Friday morning.
  • #18,190
  • Mar 4, 2010 4:16am Mar 4, 2010 4:16am
good or bad there is a way to take profit right. so let see tomorrow and be careful with the data, it can be bad or good. who know the future.
  • #18,191
  • Mar 4, 2010 4:35am Mar 4, 2010 4:35am
London bullish & technicals set the stage for US rally. Bear in mind that the ADP data for employment is already priced-in. I'll wait to see the impact of tonights labour data before trading.
  • #18,192
  • Mar 4, 2010 5:58am Mar 4, 2010 5:58am
Target --------->>>>>>> 0.8800
  • #18,193
  • Mar 4, 2010 6:12am Mar 4, 2010 6:12am
Quoting Daytrader74
Target --------->>>>>>> 0.8800
So your saying if i sell 500 lots i'll be a millionaire by next week?

Weeeeee SHORT it is!!!!!
  • #18,194
  • Mar 4, 2010 6:12am Mar 4, 2010 6:12am
Quoting yeri
who know the future.

I wish I did.

Hell. if we could only look into the future....make things a bit easier for all of us.

The Obama administration knows that Fridays unemployment numbers are going to be very bad. Why else would he have Summers trying to downplay the numbers, a week early, stating that is because of snow. Funny, when unemployment dropped during the holiday season they made no mention that the vast majority of jobs created were only temporary seasonal jobs, which happens every holiday season. I said way back that February' s job numbers would be the key. As somebody that has many friends and family members out of work right now....it does not please me to say the employment picture here in the states is going downhill.
  • #18,195
  • Mar 4, 2010 6:17am Mar 4, 2010 6:17am
Quoting yorygog
/words
But don't forget they have been employing an army of people for census. So we might see an artificially lower unemployment in the US this month.
  • #18,196
  • Mar 4, 2010 6:26am Mar 4, 2010 6:26am
Have they actually been employing people with those cheap paying Census jobs?

Those who are on unemployment have first dibs on those jobs and as far as I can tell, no one is taking them. They pay less then UE benefits. So why take a very temporary position that pays less than your current UE check?

I aint no expert, far from it! But I maintain that that Fridays unemployment numbers are going to jump over 10%.
  • #18,197
  • Mar 4, 2010 6:33am Mar 4, 2010 6:33am
for me technicaly the AUD/USD is still bullish especialy after unemployment claims today. but it will hardly break the 0.9200, and it was sure the AUD/USD will move down when the US able to show a green number of economic news. so i was planning to make a short soon or later, higher the AUD/USD the bigger ammount i will open a transaction.
  • #18,198
  • Mar 4, 2010 6:33am Mar 4, 2010 6:33am
Quoting BobbyBob
So your saying if i sell 500 lots i'll be a millionaire by next week?

Weeeeee SHORT it is!!!!!
is that 500 mini lots or standard lots ??
  • #18,199
  • Mar 4, 2010 6:53am Mar 4, 2010 6:53am
I hear the census collection jobs pay $17/hr, not too shabby if your unemployed

http://www.bloomberg.com/apps/news?p...d=aEws7wrt8FY0

1.2 million workers is alot (even if its dodgy employment)
  • #18,200
  • Mar 4, 2010 7:20am Mar 4, 2010 7:20am
Quoting BobbyBob
I hear the census collection jobs pay $17/ an hour(even if its dodgy employment)
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