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AUD/USD

  • #21,121
  • Apr 9, 2010 1:48pm Apr 9, 2010 1:48pm
oh marc you're still here
it's crazy aud gone up like this
but the volume has thinned down for the weekend so, i reckon it should be a good retrace next week
  • #21,122
  • Apr 9, 2010 2:10pm Apr 9, 2010 2:10pm
Quoting OvT
oh marc you're still here
it's crazy aud gone up like this
but the volume has thinned down for the weekend so, i reckon it should be a good retrace next week
Hey OvT. Have a good week?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,123
  • Edited 2:56pm Apr 9, 2010 2:35pm | Edited 2:56pm
Quoting MarcVUM
Hey OvT. Have a good week?
a slower week for me, but i learned heaps from you guys instead, which is better

like you said, there's more than one jar of cookie to steal from, with saxon's new thread, i'll start to look at different pairs for positions, not just for correlation

hope you are doing well as well, not every week you can watch a rocket take off lol. have a good weekend mate, catch you next week
  • #21,124
  • Apr 9, 2010 2:43pm Apr 9, 2010 2:43pm
Quoting OvT
a slower week for me, but i learned heaps from you guys instead, which is better

like you said, there's more than one jar of cookie to steal from, with saxon's new thread, i'll start to look at different pairs for positions, not just for correlation

how you are doing well as well, not every week you can watch a rocket take off lol. have a good weekend mate, catch you next week
Good to hear. Between Saxon's, Shahab's and Amyc's threads we should all be green pippin now! I love the community feel here and glad I joined the factory!
Have a Good Weekend!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,125
  • Apr 10, 2010 12:17am Apr 10, 2010 12:17am
Just need a a view from the Global Macro/fundamental aspect. Want to know what the effect of the Yuan Revaluation and the China 7.2B deficit reported earlier today will have on the AUD. Will it strengthen or weaken the Aussie.
  • #21,126
  • Apr 10, 2010 12:55am Apr 10, 2010 12:55am
Quoting hantousha
Just need a a view from the Global Macro/fundamental aspect. Want to know what the effect of the Yuan Revaluation and the China 7.2B deficit reported earlier today will have on the AUD. Will it strengthen or weaken the Aussie.
The trade deficit will weaken the Aussie but it is difficult to tell what the revaluation of the yuan will do: opinions amongst commercial traders conflict.
Personally I think it will lead to to short term Aussie slide but long term will drive the Aussie up
Just my view though
  • #21,127
  • Apr 10, 2010 8:14am Apr 10, 2010 8:14am
Quoting hantousha
Just need a a view from the Global Macro/fundamental aspect. Want to know what the effect of the Yuan Revaluation and the China 7.2B deficit reported earlier today will have on the AUD. Will it strengthen or weaken the Aussie.
* Possible market impact: A major revaluation could initially boost currencies such as the yen and Australian dollar, which tend to have high correlations with Chinese growth.

But the sharper the move, the greater the risk that it would also hit commodity and equity markets due to concerns about its impact on exporters and growth.

http://www.cnbc.com/id/36178418
Nothing worth having is easy.
  • #21,128
  • Apr 10, 2010 1:24pm Apr 10, 2010 1:24pm
Quoting Patience
* Possible market impact: A major revaluation could initially boost currencies such as the yen and Australian dollar, which tend to have high correlations with Chinese growth.

But the sharper the move, the greater the risk that it would also hit commodity and equity markets due to concerns about its impact on exporters and growth.

http://www.cnbc.com/id/36178418
Well a yuan revaluation is mostly priced into the market it seems. But it is also a form of monetary tightening out of China. I would expect it to be neutral to slightly negative to risk appetite.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #21,129
  • Apr 10, 2010 2:49pm Apr 10, 2010 2:49pm
Hi. New to this community but suggestions on AUD/USD peaks? Seems like many strategists predict that the dollar will be weakened next week. Westpac senior analysts gauges it to be around 0.94 - 0.942. Any comments on that?
  • #21,130
  • Apr 10, 2010 7:41pm Apr 10, 2010 7:41pm
Quoting denewbie
Hi. New to this community but suggestions on AUD/USD peaks? Seems like many strategists predict that the dollar will be weakened next week. Westpac senior analysts gauges it to be around 0.94 - 0.942. Any comments on that?
It's really hard to call peaks. But PPP is .7. This currency is way overvalued. .94 is strong resistance, .985 after that, 1.00 after that. Although I doubt we'll break .94.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #21,131
  • Apr 11, 2010 1:31pm Apr 11, 2010 1:31pm
I know the effect of the Greece Bailout will strengthen the Euro in my opinion, but what effect will it have on the AUD? I am looking at fundamental scenario. I am short from .9255 and i am thinking of bailing out and closing my shorts and wait o n the side line or expect a reversal on the AUD!!
  • #21,132
  • Apr 11, 2010 4:24pm Apr 11, 2010 4:24pm
New To Trading and appreciate all feedback from all of you experienced guys. Does anyone here think that we will break .94? I have a buy trade which has a sell order at .9395 and have a Sell order set up at .94. Suggestions are most welcomed.
Thank You
Happy Trading
  • #21,133
  • Apr 11, 2010 5:10pm Apr 11, 2010 5:10pm

0.9410

  • #21,134
  • Apr 11, 2010 6:24pm Apr 11, 2010 6:24pm
interest rates tipped to go to 10% in aud within 24 months economists

http://www.heraldsun.com.au/money/in...-1225852339397
  • #21,135
  • Apr 11, 2010 8:58pm Apr 11, 2010 8:58pm
Quoting Forexfsa
interest rates tipped to go to 10% in aud within 24 months economists

http://www.heraldsun.com.au/money/in...-1225852339397
i allready read the news, so australia will face this economic growth bubble, but if this really happen the cash rate happen to reach 10% what will happen to the AUD currency? will the AUD goes up versus the US? or reverse?
  • #21,136
  • Apr 11, 2010 9:12pm Apr 11, 2010 9:12pm
Quoting yeri
i allready read the news, so australia will face this economic growth bubble, but if this really happen the cash rate happen to reach 10% what will happen to the AUD currency? will the AUD goes up versus the US? or reverse?
94.10 is the critical level if it breaks that then we will see
  • #21,137
  • Apr 11, 2010 9:12pm Apr 11, 2010 9:12pm
Quoting hantousha
I know the effect of the Greece Bailout will strengthen the Euro in my opinion, but what effect will it have on the AUD? I am looking at fundamental scenario. I am short from .9255 and i am thinking of bailing out and closing my shorts and wait o n the side line or expect a reversal on the AUD!!
Risk is back in fashion for the time being so AUD will be helped up. The market seems to have put the possibility of a US rate rise to the back of their minds for the time being. I'm going long some time today in anticipation of a US rally tonight, brought about by the positive Greek news...
  • #21,138
  • Apr 11, 2010 10:20pm Apr 11, 2010 10:20pm
Quoting yeri
i allready read the news, so australia will face this economic growth bubble, but if this really happen the cash rate happen to reach 10% what will happen to the AUD currency? will the AUD goes up versus the US? or reverse?
Typically, when cash rate goes up the demand for the currency goes up. There is noise inbetween shortterm (up/down) but longterm up to possible parity 1.000 if rates go up to 10%...
  • #21,139
  • Apr 11, 2010 10:23pm Apr 11, 2010 10:23pm
I doubt we will hit 10% this time around (assume you mean a cash rate in the vicinity of 8%?). Our economy would be toast before that happened.
  • #21,140
  • Apr 11, 2010 11:18pm Apr 11, 2010 11:18pm
i really hope the aussie interest rate will back to the normal pre economy subprime crisisis. very attrative for carry trade....
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