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AUD/USD

  • #30,081
  • Jun 14, 2011 3:33pm Jun 14, 2011 3:33pm
Quoting VennD
Hi dashlat ! Nice chart.
Thanks vennD
I just took that even i enter 20 pips late.
  • #30,082
  • Jun 14, 2011 4:00pm Jun 14, 2011 4:00pm
Quoting VennD
... in 40minutes. Projected to be GOOD. This could also affect AU because about 20% of Australia's export goes to New Zealand.

Shorts better watch yr pants. Don't get wet by the sunny beaches of Australia.

(Cancelled my SellOrders and waitn..)
Right ! .... .... and .... in 1-2hrs from now Aust will come out with its reports . All are of low impact to my personal valuation abt 20-40 pips moves. 1 hr after tht report , Mr.Glenn (RBA's Governor) will make a speech. This one is of high impact to me, personally. Could result 100-300 pips moves or even spikes up to abt 10-40 pips.

OK ! wanna focus on my trades. Cheers !
  • #30,083
  • Jun 14, 2011 4:17pm Jun 14, 2011 4:17pm
Ok for those who are outside of Australia..
Headline news
Australian Prime Minister Julia Gillard popularity slumps..
Mortgage stress hits home..
Retail store chain sheds 1000 staff..
Electricity prices set to soar..

Now if Glen Stevens wants to join Julia Gillard then talk about rate hikes.
Economy is two tiered.
Resources vs the rest..
Govt wants to slap CO2 tax and also a resources tax on the only thing thats keeping the country afloat..
How can Stevens make serious future comment with this over hang?
  • #30,084
  • Jun 14, 2011 4:20pm Jun 14, 2011 4:20pm
Quoting VennD
I do not know the word "worthless" but ..... most of US debts are not for business but for war and cutting tax for the riches. Do u think there will be growth ?
I expect growth to slow over the next 3-4 months and then to be hit hard and for the economy to pull back over the next two years.. unless the correct steps are taken we are looking at a very painful time ahead..

in reference to me saying it like this in april http://www.forexfactory.com/showthre...09#post4546209

we a good dow -10% since then which is pretty big.. reports are out we are slowing down and everything is heavy.. so I still hold my view..

If im right and we are cycling on the macro-side us will be looking to naturally deleverage and unwind if the systemic risk doesnt kill us. which means money here will flood to global markets as investors seek lower risk higher growth potential abroad.
  • #30,085
  • Jun 14, 2011 4:32pm Jun 14, 2011 4:32pm
Lets trade. U buy .. I sell... after tht ..... U sell ... I buy ..
  • #30,086
  • Jun 14, 2011 4:47pm Jun 14, 2011 4:47pm
Quoting lasty
Ok for those who are outside of Australia...
They must be glad they are outside of here after that raft of lunacy!

Havent traded for a week or so, been busy with work... We seem to have been in a bit of a channel on the daily for a while (albeit a big one!)... Im not sure where its going, what are we thinking?
  • #30,087
  • Jun 14, 2011 5:47pm Jun 14, 2011 5:47pm
Quoting Jazznos
They must be glad they are outside of here after that raft of lunacy!

Havent traded for a week or so, been busy with work... We seem to have been in a bit of a channel on the daily for a while (albeit a big one!)... Im not sure where its going, what are we thinking?

Quite right Jazznos,
We have been here before.

Take a look at the audusd daily, we’re still within the daily upper trend line.
The H1 shows we have been here before.

As you said “I’m not sure where it’s going”. At the moment it looks like down, but keep watching the price action.
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  • #30,088
  • Jun 14, 2011 7:22pm Jun 14, 2011 7:22pm
There was a good housing news, then why the Aud/usd is not moving.

  • #30,089
  • Edited 7:50pm Jun 14, 2011 7:47pm | Edited 7:50pm
Quoting KCV
There was a good housing news, then why the Aud/usd is not moving.

...tht hse stat is under low impact category (up and down abt 10-20 pips) only. awaiting for RBA's Governor speech now.
  • #30,090
  • Jun 14, 2011 7:48pm Jun 14, 2011 7:48pm
Quoting VennD
...tht hse stat is under low impact category (up and down abt 10-20 pips) only. awaiting for RBA speech now.
Thanks for the reply.

What do you think?

The RBA speech will make Aud/Usd go up?

Thanks.
KC.
  • #30,091
  • Jun 14, 2011 7:49pm Jun 14, 2011 7:49pm
Quoting VennD
...tht hse stat is under low impact category (up and down abt 10-20 pips) only. awaiting for RBA speech now.
can we watch it live?
  • #30,092
  • Edited 8:25pm Jun 14, 2011 7:55pm | Edited 8:25pm
Quoting Drata
can we watch it live?
....all details will be published in their w-site. pls goggle it.
  • #30,093
  • Jun 14, 2011 7:57pm Jun 14, 2011 7:57pm
Quoting VennD
....all details will be publish in their w-site. pls goggle it.
thanks
  • #30,094
  • Jun 14, 2011 8:02pm Jun 14, 2011 8:02pm
Aussie dollar likes speech. Got caught short stopped out

long now
  • #30,095
  • Jun 14, 2011 8:02pm Jun 14, 2011 8:02pm
Quoting Drata
thanks
Nice Up move...
  • #30,096
  • Jun 14, 2011 8:03pm Jun 14, 2011 8:03pm
Long @ 670 locked TP BE+1
  • #30,097
  • Jun 14, 2011 8:06pm Jun 14, 2011 8:06pm
Quoting VennD
Long @ 670 locked TP BE+1
I am long from 664. Dilamo...might close the trade..

  • #30,098
  • Jun 14, 2011 8:10pm Jun 14, 2011 8:10pm
At the moment, aussie is up from low 1.0657 to 1.0706.
  • #30,099
  • Jun 14, 2011 8:36pm Jun 14, 2011 8:36pm
Quoting Drata
thanks
Hi All,
Just read the full speech of the governor. Nothing Hawkish in it. He hints that the next lot of news and numbers are due in July to adjust rates, so the earliest rate increase if any will be in August.
As for the markets, China just increased the RRR again which shows cracks in its fundamentals. So another rate rise by the chinese will send the AUD lower again.
As for the risk aversion, the US markets had some reasonable numbers yesterday but the markets are still worried about QE3. So, depending how the EU markets react to the statement of the Governor, I think we are still in the downward channel with the AU$.
On Technical basis, 1.07 is the UTL, 61.8% Fib Fan and 23.6%. Also Weekly and monthly Pivots are 1.0693 and 1.0712 respectively. Overall a difficult area to cross upwards unless a major news hits.
I have added some extra lots to my shorts, tight SLs which I am planning to keep for a while and maybe add further on the way down.
Good Luck all.
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Find a job that you love and you dont have to work again in your life.
  • #30,100
  • Jun 14, 2011 8:48pm Jun 14, 2011 8:48pm
Quoting tradoholic
Hi All,
Just read the full speech of the governor. Nothing Hawkish in it. He hints that the next lot of news and numbers are due in July to adjust rates, so the earliest rate increase if any will be in August.
As for the markets, China just increased the RRR again which shows cracks in its fundamentals. So another rate rise by the chinese will send the AUD lower again.
As for the risk aversion, the US markets had some reasonable numbers yesterday but the markets are still worried about QE3. So, depending how the EU markets react to the statement...
I'm on board!
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