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AUD/USD

  • #24,841
  • Nov 1, 2010 11:38pm Nov 1, 2010 11:38pm
Quoting lake
they raised the rates, the Aussie jumped for now ,it will pull back, just watch, lol
other markets are not reacting much. wouldn't surprise me.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #24,842
  • Nov 1, 2010 11:42pm Nov 1, 2010 11:42pm
gets this close to parity. better not drop pants here.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #24,843
  • Nov 1, 2010 11:44pm Nov 1, 2010 11:44pm
Nice discussion. So Australia is showing the world that they are strong and no need to involve in the currency war of devaluation.
Take my view with a pinch of salt!
  • #24,844
  • Nov 1, 2010 11:46pm Nov 1, 2010 11:46pm
Quoting england33
gets this close to parity. better not drop pants here.
IMO, stops must be "had" first. Stops are reportedly clustered around the 1.0040-1.0060 area.
  • #24,845
  • Nov 2, 2010 12:02am Nov 2, 2010 12:02am
Quoting msood
seems like this guy glen stevens with his bunch of ninicompoops has gone off the rocker. very narrow view of the economy - seems like underlying inflation is the only formula he knows - total disregard for other socio economic factors. todays rise feels like a deliberate attempt to break the aussie economy - hidden agenda? could these bozos be on the payroll of foreign powers to make aussie exports non affordable? i think the government should commision some sort of an enquiry into the goings on in the rba - or just fire the whole lot starting with...
I think Glen Stevens record over the last couple of very difficult years is great, if you want to talk about a nincompoop then one name comes to mind Ben Bernanke!

GP
"You Can Make Money Or Excuses But You Can't Make Both!"
  • #24,846
  • Nov 2, 2010 12:13am Nov 2, 2010 12:13am
Quoting Mike Haran
A couple of aspects hit on the 31st of October 2010, now we all know thats Sunday, and the markets just open on Sunday night. It is amazing how often falls start on a Sunday, inspite of no news being out.

What is it, why do the falls start then, I am sorry to say that I don't know, but still I look for answers which may be a little obscure. One aspect of market analysis that is much sneered at is using the planets to give direction, it is rumored that Ganns...
read my previous post.

that's happen in the business of predicting. rather than trading. amazing how many new traders. want's to predict. so again. trend is up you buy dips.
trend is down you short rally's

this is not the first bad call. and every newbie out there want's to travel in time, want's to see the future. find that special holly grail indicator. maybe it's the planet. oh' man.

nobody want's simple basic stuff. no we need complex planetary cycle future reading astrotrading. one thing you know. they got a product to sale. cause got to raise money if trading doesn't work
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #24,847
  • Nov 2, 2010 12:14am Nov 2, 2010 12:14am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting lake
when mining products go up so will the Aussie dollar, no brainer
everyone will have to pay more for our goods. no brainer.
Trade what you see, not what you think.
  • #24,848
  • Nov 2, 2010 12:17am Nov 2, 2010 12:17am
Quoting damo
everyone will have to pay more for our goods. no brainer.
Agreed. Unless the materials are highly inelastic in demand by the purchasers higher prices means lower demand which might result in lower overall income. However, China doesn't seem to have much choice in this does it?
  • #24,849
  • Nov 2, 2010 12:27am Nov 2, 2010 12:27am
Short from here tp 0.9930
  • #24,850
  • Nov 2, 2010 12:49am Nov 2, 2010 12:49am
Quoting Globalprofits
I think Glen Stevens record over the last couple of very difficult years is great, if you want to talk about a nincompoop then one name comes to mind Ben Bernanke!

GP
that may be part of the problem - there's a general perception that rba has kept the economy going, and rba has taken this sentiment as a blank check to do whatever they like. good economy (for some sects) is not rba's doing, but the net effect of oz natural wealth helped by some luck - and perhaps some good economic management by paul keating and subsequent treasurers.

if you want to check steven's credentials, ask the small aussie exporters, the farmers, the mums and dads who are struggling to make ends meet and then are slugged further by increased mortgage repayments.
  • #24,851
  • Edited 1:39am Nov 2, 2010 1:03am | Edited 1:39am
http://resources3.news.com.au/images...ns-5970940.jpg
Stevens was surprised after the meeting that there was an uproar. After confronted by locals he confesses he is 2nd largest holder of USD shorts.
You can only guess who is first.
http://www.onaired.com/wp-content/up...n-bernanke.jpg
Stevens said he will continue to get the AUD above parity at an
undisclosed target and said if he has to he will raise rates all
the way to 10% until the secrete target has been met and regardless
of what the inflation rate is. He was
rushed out by his security team after rioting had begun.

He shouted back while his guards dragged him away in arms - don't worry
we are going to have a big USD short party at my mansion with his fist raised in the air
from his 1 free hand. Everyone is invited including my good buddy Ben.
http://4.bp.blogspot.com/_OKdf8I_bxh...00/stevens.jpg
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #24,852
  • Nov 2, 2010 1:04am Nov 2, 2010 1:04am
Quoting msood
that may be part of the problem - there's a general perception that rba has kept the economy going, and rba has taken this sentiment as a blank check to do whatever they like. good economy (for...
Well, the only reason Australia has been doing well is because they're fucking lucky their housing bubble hasn't blown up yet. But when it does... it'll be much worse than Japan or the USA. We'll be seeing 0 cash rate soon on Aussie.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #24,853
  • Nov 2, 2010 1:13am Nov 2, 2010 1:13am
Quoting england33
http://resources3.news.com.au/images...ns-5970940.jpg
Stevens was surprised after the meeting that there was an uproar....

lol ... Funniest thing I've heard for the day.

Hahaha "USD Short Party at my mansion..."


I guess I won't be invited though; such a shame.
  • #24,854
  • Nov 2, 2010 1:17am Nov 2, 2010 1:17am
Quoting england33
Stevens was surprised after the meeting that there was an uproar....
good one
  • #24,855
  • Nov 2, 2010 1:26am Nov 2, 2010 1:26am
Quoting Warwick
lol ... Funniest thing I've heard for the day.

Hahaha "USD Short Party at my mansion..."


I guess I won't be invited though; such a shame.
I'm pretty sure I won't be on the guest list after that one either lol. I'll have to go back to my exile soon after my bad call on the rate hike too.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #24,856
  • Nov 2, 2010 1:39am Nov 2, 2010 1:39am
swing here swing tehre~~!!!! SWINGGGGG
I AM IMBAAAAA
Swinger Club
  • #24,857
  • Nov 2, 2010 2:17am Nov 2, 2010 2:17am
Quoting rahulkghosh
Well, the only reason Australia has been doing well is because they're fucking lucky their housing bubble hasn't blown up yet. But when it does... it'll be much worse than Japan or the USA. We'll be seeing 0 cash rate soon on Aussie.
Two huge differences between Australian economy and the USA, our unemployment rate is half of the USA and we have a massive housing shortage.

So I don't think that you will see our cash rate come down anytime soon.

http://www.businessday.com.au/busine...0318-qgzu.html

http://www.lendingcentral.com/2010/0...sing-shortage/
"You Can Make Money Or Excuses But You Can't Make Both!"
  • #24,858
  • Nov 2, 2010 2:22am Nov 2, 2010 2:22am
Quoting Globalprofits
Two huge differences between Australian economy and the USA, our unemployment rate is half of the USA and we have a massive housing shortage.

So I don't think that you will see our cash rate come down anytime soon.

http://www.businessday.com.au/busine...0318-qgzu.html

http://www.lendingcentral.com/2010/0...sing-shortage/
Conveniently they used that same argument back at the top of the Japanese housing bubble and at the top of the American housing bubble.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #24,859
  • Nov 2, 2010 2:24am Nov 2, 2010 2:24am
Parity retouched
Use me as a contrarian indicator
  • #24,860
  • Nov 2, 2010 2:47am Nov 2, 2010 2:47am
Quoting mrbandwidth
Parity retouched
very briefly.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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