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AUD/USD

  • #27,301
  • Edited 6:51am Jan 14, 2011 4:38am | Edited 6:51am
Aussie is falling, floods definitely make sense. Pair made lower high on 4H chart and is currently falling more.
If price could break previous low 0.9800, pair could fall even more.

http://img254.imageshack.us/img254/7402/audusdh4.png

Regards,
suirad
  • #27,302
  • Jan 14, 2011 4:44am Jan 14, 2011 4:44am
Quoting anudora
Can someone give the link for the China raise rate news? I cant seem to find them.
Its raising these bank reserves like there's no tomorrow!
Have they been asleep before now?...social unrest is what is predicted...and most probably will happen!

Price target remains at 0.8600-0.8900
Hope this is helping
Sanks



China raises banks' required reserves again
Fri Jan 14, 2011

* China raises reserve requirements by 50 basis points

* Fourth increase in over two months

* C.bank has repeatedly pledged to tame 28-mth high inflation

BEIJING, Jan 14 - China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months to make good on its vow that inflation fighting will be a top priority for the year.

The 50-basis-point increase, effective Jan. 20, will raise the reserve requirement ratio for China's biggest banks to a record high of 19.5 percent.

By forcing banks to lock up more of their cash with the central bank, Beijing hopes to drain the economy of excess money and tame rising prices, which it worries may stir social unrest.

The People's Bank of China announced the decision in a terse statement published on its website.

Abundant cash is seen as the main driver of China's inflation, which hit a 28-month high of 5.1 percent in November as food and property prices soared.

Strident anti-inflation rhetoric from the central bank in recent months have primed investors for more policy tightening and even with the latest move, many believe further tightening is on the cards.

http://twurl.nl/cogyy7
  • #27,303
  • Jan 14, 2011 4:49am Jan 14, 2011 4:49am
It looks ready to hit 0.9811 some time today

Just wish the nobular jockeys continued buying into this, so called yield
I'm leaving me Corsa's for the market parked with the keys in the ignition!

Hope the 0.8600-0.8900 Target is helping
Sanks
  • #27,304
  • Jan 14, 2011 6:37am Jan 14, 2011 6:37am
Quoting CanuckCT
Sold the H1 double top.
Cheers
CanuckCT
Attachment
Potential targets for AU short....

Attached Image (click to enlarge)
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The break above 0.9400 has not been tested....and it makes sense as an initial target.

Cheers
CanuckCT
  • #27,305
  • Jan 14, 2011 7:09am Jan 14, 2011 7:09am
Quoting Alki
Short at 0.9985, i'll see if we will go to 0.9700 level or not. Stop is by margin call for agressive trades.

Enjoy your trading.

Quoting Alki
If my timing calculation is correct, next hour will see beginning of down direction. I still practice this method i'll see if correct or not.
Quoting Alki

From that and still now, aussie did not reach a higher high
120 pips lower. I'll see what happen at 11:00 EST according to the same method. Still experiencing and practicing Aussie personality.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #27,306
  • Jan 14, 2011 7:17am Jan 14, 2011 7:17am
hmmm, this is interesting trend, this happened exactly the previous high, down 400 pips, move up 100~150pips then back down 500pips....
Logics do not apply in FOREX
  • #27,307
  • Jan 14, 2011 7:38am Jan 14, 2011 7:38am
Attached Image (click to enlarge)
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  • #27,308
  • Jan 14, 2011 7:45am Jan 14, 2011 7:45am
Quoting FX-Petra
Nothing reallly suprises me anymore, but I must say I am a little miffed at the Aussie strength after that employment number. That number is looking back, and looking forward all the flooding can only be hurting the Aust. economy. The market just last week was pricing in over 50 basis points of hikes this year. Hard to see that number as a reality right now. I would lean towards no hikes or maybe even a cut.... certainly if China keeps raising rates and slowing their economy. I'm not saying I was expecting a southbound route on this evening's number,...
It was obvious to anyone that china was going to raise rates. Very, Very liklely they will be raised agian in a month or 2. It is really a wonder to me the the Aussie is not testing the 94-95 area right now. Yes, the carry trade is still very good. But intrest rate junkiies are going to have to face the fact that there are not going to be any more rate increases from Australia any time soon. Let the market get a whiff of a rate cut, and the route will be on.

Regards,
  • #27,309
  • Jan 14, 2011 7:54am Jan 14, 2011 7:54am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 87 KB
  • #27,310
  • Jan 14, 2011 8:03am Jan 14, 2011 8:03am
Quoting FX-Petra
It was obvious to anyone that china was going to raise rates. Very, Very liklely they will be raised agian in a month or 2. It is really a wonder to me the the Aussie is not testing the 94-95 area right now. Yes, the carry trade is still very good. But intrest rate junkiies are going to have to face the fact that there are not going to be any more rate increases from Australia any time soon. Let the market get a whiff of a rate cut, and the route will be on.

Regards,
Well,
I am looking at the pair as pair - i.e. I am balancing aussie weak points agains dollar weak points. And the massive, extreme debt of USA overweights. Besides, I am convinced that floods will paradoxically contribute to the economy boost - not the contrary. China is such an immense market and sources eater that their economic deviations still cannot endanger Aussie trade surpluss.
So and so, in my opinion a long term value for this pair is above parity and not opposite. Especially, when swap rates do not push anyone into sell off when the price is going into the red.
As a matter of fact, I have been predicting parity since early summer last year, when many were talking the 0.6 range...
  • #27,311
  • Jan 14, 2011 8:10am Jan 14, 2011 8:10am
Quoting redsword11
Attachment

Attachment



my remaining aud long got taken @ BE earlier

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awaiting long
  • #27,312
  • Jan 14, 2011 9:09am Jan 14, 2011 9:09am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 86 KB




closed most @ be
  • #27,313
  • Jan 14, 2011 9:30am Jan 14, 2011 9:30am
shorted it again at closin of london session, going good so far
Old Habits Die Hard.
  • #27,314
  • Jan 14, 2011 9:36am Jan 14, 2011 9:36am
How low do you think it will go Shaggy?
  • #27,315
  • Jan 14, 2011 10:31am Jan 14, 2011 10:31am
Adding to short here...and setting stop at BE.
Cheers
CanuckCT

Attached Image


Quoting CanuckCT
Sold the H1 double top.
Cheers
CanuckCT
Attachment
  • #27,316
  • Jan 14, 2011 10:50am Jan 14, 2011 10:50am
The U.S. dollar bounced back against its major counterparts on Friday as investors scaled back their appetite for risk, and the greenback may continue to push higher going into the North American trade as the economic docket is expected to reinforce an improved outlook for growth and inflation.

The greenback advanced against most of its major counterparts going into the end of the week, with the USD/JPY advancing to a high of 82.97, and the rebound in the U.S. dollar may accelerate going into the North American trade as the outlook for growth and inflation improves.
Retail spending in the world’s largest economy is forecasted to increase another 0.8% in December, while consumer prices are expected to increase at an annualized pace of 1.3% during the same period, which would be the fastest pace of growth since May.
Moreover, industrial outputs in the U.S. are projected to rise another 0.5% in December following the 0.4% expansion in the previous month, while market participants anticipate the preliminary U. of Michigan confidence survey to advance to 75.5 in January, which would mark the highest reading since June.
  • #27,317
  • Jan 14, 2011 10:59am Jan 14, 2011 10:59am
i'm long at 0.9897 (4 hrs Candle ) is that good ?
  • #27,318
  • Jan 14, 2011 10:59am Jan 14, 2011 10:59am
AUD/USD - "Sizeable correction could finally be starting to drag AUD/USD back to 0.8066/9404 support zone"
Jan 14 2011


AUD/USD's sharp fall from 1.0019 and the break of 0.9919 minor support suggest that recovery from 0.9803 is finished already. Intraday bias is flipped back to the downside for 0.9803 support first. break there will indicate that whole decline from 1.0254 has resumed. Also, this will bolster the case that 1.0254 is reversing the larger up trend and will bring deeper fall to 0.9536 support for confirmation.

In the bigger picture, there is no confirmation of medium term reversal yet and up trend from 0.6008 could still continue. Nevertheless, note that both the rise from 0.8066 and the larger rally from 0.6008 are showing sign of loss of momentum. Bearish divergence condition is clearly seen in daily and weekly MACD. More importantly, rise from 0.8066 is possibly the fifth wave in the five wave sequence from 0.6088, which has met the 61.8% projection target already. Hence, we'll be cautiously looking for reversal signal even in case of another rise. Break of 0.9536 support will indicate that a sizeable correction could finally be starting to drag AUD/USD back to 0.8066/9404 support zone.

http://twurl.nl/h25qqa
  • #27,319
  • Jan 14, 2011 11:54am Jan 14, 2011 11:54am
AUD New Motor Vehicle Sales m/m on Monday.
Ely, don't you think they 've sold many vehicles in December ? LoooL

Maybe hoovercrafts? Does that count?
Old Habits Die Hard.
  • #27,320
  • Jan 14, 2011 12:32pm Jan 14, 2011 12:32pm
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