- #29,341
- Apr 11, 2011 2:24pm Apr 11, 2011 2:24pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #29,344
- Apr 11, 2011 7:19pm Apr 11, 2011 7:19pm
- Joined May 2009 | Status: Re-member | 6,497 Posts
Early selling of AUD this morning agst JPY. Fancy this move to continue into a corrective phase. Before uptrend resume.. break of 1.0250 in AUD/USD indicates an interim top being seen.
Interim? seriously? how old are you
- #29,348
- Apr 12, 2011 12:14am Apr 12, 2011 12:14am
- Joined Aug 2008 | Status: Trader | 3,386 Posts
Perhaps.. This recent news flushed out weak longs.. frustration has set in.. in particular with AUD/JPY.. Down 300 points on the day... those buying the dips OUT.. they may buy back in later.. certainly wouldnt want to be short this pair having seen it fall this far given the uptrend is intact.
Both Gold and Silver have steadied..
- #29,354
- Apr 12, 2011 3:34am Apr 12, 2011 3:34am
- Joined May 2009 | Status: Re-member | 6,497 Posts
Those who put the right direction on here doesn't have to come back before Friday for an exit
Still got my short batch in at 1.0610...was pretty close, so maybe, one last umph upwards!!
Otherwise, avg sitting pretty at above 1.0200
IMF Warns Of Possible Bust In China, Hong Kong Asset Prices
APRIL 11, 2011
BEIJING (Dow Jones)--The International Monetary Fund said Monday credit and asset bubbles may be forming in China and Hong Kong, which could end in a destabilizing crash.
In an unusually stark warning about the medium-term risks to the Chinese economy, the IMF called for higher interest rates in China and other fast-growing Asian economies to ward off overheating pressures, and also repeated its frequent calls for China to increase the flexibility of its exchange rate.
"Credit and asset price behavior is disconcerting in China and Hong Kong SAR, showing boom-like dimensions," the IMF said in its World Economic Outlook report
Otherwise, avg sitting pretty at above 1.0200
IMF Warns Of Possible Bust In China, Hong Kong Asset Prices
APRIL 11, 2011
BEIJING (Dow Jones)--The International Monetary Fund said Monday credit and asset bubbles may be forming in China and Hong Kong, which could end in a destabilizing crash.
In an unusually stark warning about the medium-term risks to the Chinese economy, the IMF called for higher interest rates in China and other fast-growing Asian economies to ward off overheating pressures, and also repeated its frequent calls for China to increase the flexibility of its exchange rate.
"Credit and asset price behavior is disconcerting in China and Hong Kong SAR, showing boom-like dimensions," the IMF said in its World Economic Outlook report
