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AUD/USD

  • #29,781
  • Jun 7, 2011 5:10am Jun 7, 2011 5:10am
Quoting tradoholic
RBA announced its decision today, they held interest rates at 4.75%. Thats the reason for the sharp drop. Further more, the statement accompanying the rate decision did not sound as hawkish as the bulls would have liked it and hence no further gains thusfar.

Hi tradoholic.
Good to have you around. I read your post on the other site from time to time. Always appreciate your interpretation.
  • #29,782
  • Jun 7, 2011 5:12am Jun 7, 2011 5:12am
Quoting Peter-FX
Hi tradoholic.
Good to have you around. I read your post on the other site from time to time. Always appreciate your interpretation.
Thanks Peter,
Since I joined fxbookies, I haven't been coming here that often. I post all my trades there.
I ll try to come here more often.
Find a job that you love and you dont have to work again in your life.
  • #29,783
  • Jun 7, 2011 5:24am Jun 7, 2011 5:24am
Quoting tradoholic
Thanks Peter,
Since I joined fxbookies, I haven't been coming here that often. I post all my trades there.
I ll try to come here more often.

That would be appreciated…not only by me.
fxbookies has expanded at an incredible pace. I went one day and there was very little there then a few weeks later, it was bursting at the seams.

I miss the old days here.
  • #29,784
  • Jun 7, 2011 6:06am Jun 7, 2011 6:06am
Quoting Peter-FX
That would be appreciated…not only by me.
fxbookies has expanded at an incredible pace. I went one day and there was very little there then a few weeks later, it was bursting at the seams.

I miss the old days here.
Yes it is a good site. Good bunch of professional traders who own and operate it. I do miss the old days here as well.

On the brighter side, we are getting close to NY open. Its a mixed bag at the moment. I have been scalping shorts on AU between 1.071 and 1.069 for the past few hours. Time to make a decision and leave some running.

Current pairs that look good on shorts are EU pairs. EJ, EG etc. USD pairs seem too volatile at the moment.
Good luck to all.
Find a job that you love and you dont have to work again in your life.
  • #29,785
  • Jun 7, 2011 3:19pm Jun 7, 2011 3:19pm
Bernanke said "Accomodative Monetary policy" is still needed. WHY am I seeing AUD/USD dropping?? Shouldn't it be rising with USD going further down??
Make your losses in demo. Earn your profits live.
  • #29,786
  • Jun 7, 2011 3:35pm Jun 7, 2011 3:35pm
QE3 will go ahead whether the US likes it or not. though they will probably just rename it to something else.

AUD/USD is rising, the asian session will give direction.

still holding my long from 1.067 with target of 1.08

long gold 1538 and 1543

long silver 36.82

good luck guys

Mitch
  • #29,787
  • Jun 7, 2011 5:49pm Jun 7, 2011 5:49pm
Quoting FX-Petra
I am looking for this down move to reverse. Closed short @ 0700. Flipped long @ 0690. AU spread is still the best carry going.

Regards,
Went ahead and closed my 0690 long @ 0720. AU seems to be waiting and coiling right now. I "think" I know which way it will break (up), but it is really more intuition----not something I need to be risking money on. I'll wait till we approach 0670 or 0770 and wait for break.

regards,
  • #29,788
  • Jun 7, 2011 5:54pm Jun 7, 2011 5:54pm
Quoting Forexia
Bernanke said "Accomodative Monetary policy" is still needed. WHY am I seeing AUD/USD dropping?? Shouldn't it be rising with USD going further down??
Sorry, but this is the wild wild west. There is no "should be" direction in this market. Maybe by reasoning and logic AU should be rising.... but in the short term reasoning and logic have little to do directional moves. Trying to figure out movements (short term) on what "should be" is a fast, one-way ticket to account destruction.

Regards,
  • #29,789
  • Jun 7, 2011 6:04pm Jun 7, 2011 6:04pm
Quoting Forexia
Bernanke said "Accomodative Monetary policy" is still needed. WHY am I seeing AUD/USD dropping?? Shouldn't it be rising with USD going further down??
I aint seeing the drop.

My plan was to buy the dips this week but have yet to see one significant enough to warrant a LONG.
  • #29,790
  • Jun 7, 2011 6:23pm Jun 7, 2011 6:23pm
Aussie continues to lose ground on the cross rates.
Domestic issues plague uncertainty with AUD as many international pundits only focus on the yield.
The dealers in the interest rate market have turned and the chances of a rate rise this year are slowly dissipating.
As for the AUD/USD well we seem like 1.0650 -1.0750 will cover it for awhile but for the good movement and trends look towards to crosses.
Happy hunting
  • #29,791
  • Jun 7, 2011 6:55pm Jun 7, 2011 6:55pm
Aussie employment news in 90mins. Any thoughts?...
  • #29,792
  • Jun 7, 2011 6:59pm Jun 7, 2011 6:59pm
Quoting lukyman
Aussie employment news in 90mins. Any thoughts?...
Not today, tomorrow..
  • #29,793
  • Jun 7, 2011 7:21pm Jun 7, 2011 7:21pm
Quoting lasty
Not today, tomorrow..
Thanks... off to bed then.
  • #29,794
  • Jun 7, 2011 7:29pm Jun 7, 2011 7:29pm
Quoting lukyman
Aussie employment news in 90mins. Any thoughts?...
Should be good, whether it beats expectations is another matter, but it seems it should be good. Consumer spending, 50+ of GDP, has been kicking ass. Should be a good report.
  • #29,795
  • Jun 7, 2011 8:15pm Jun 7, 2011 8:15pm
AUD really getting hit here against USD, if housing data is bad in 15 mins look out below..

Seeing 1.0600 tonight if it continues.
  • #29,796
  • Jun 7, 2011 8:32pm Jun 7, 2011 8:32pm
news beat expectations by 2x but aud/usd yawned at it.

High market impact
  • #29,797
  • Jun 7, 2011 8:43pm Jun 7, 2011 8:43pm
give it time, shes still waking up.

im bullish on this pair for the long term.

Quoting Bigvick991
news beat expectations by 2x but aud/usd yawned at it.

High market impact
  • #29,798
  • Jun 7, 2011 8:44pm Jun 7, 2011 8:44pm
i don't really care about news since they are always discontinued...;ike the NFP of last friady.
i think the aud/usd is making a nice retracement to go long . i will go long by tonight london sessin...

follow my signals
http://www.forexfactory.com/showthre...254704&page=39
  • #29,799
  • Jun 7, 2011 8:57pm Jun 7, 2011 8:57pm
heh showing heavy pressure on the short side at the moment, needs to hold above 6700 for some upside
  • #29,800
  • Jun 7, 2011 9:09pm Jun 7, 2011 9:09pm
AUD under pressure via cross selling both EUR and Yen.
Tricky times ahead for the straight USD players.
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