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AUD/USD

  • #32,141
  • Aug 8, 2011 10:19pm Aug 8, 2011 10:19pm
Quoting Jazznos
1.0450? What are you basing that on? Seems optimistic...? no?
If there is not another GFC it will go up again.If there is a GFC it will crash and then go up again. The drop is due to liquidation of long positions more than shorting. None of the big guys are going to pay to stay short positioned AUD. After the longs are all gone, they will eventually start to jump back on board again. Whether that happens now or after a further crash time will tell.

Aussie shares are already back to even for the day! crazy times
  • #32,142
  • Aug 8, 2011 10:32pm Aug 8, 2011 10:32pm
Something interesting about the aussie.... while al USD based pairs like USD-JPY and USD-CHF are going down the rollercoaster like crazy, the AUSSIE is also going down against the USD, during the last few weeks...

do you find any explanations for that?
The Black Swan: The Impact of the Highly Improbable
  • #32,143
  • Aug 8, 2011 10:32pm Aug 8, 2011 10:32pm
Quoting havaiana
If there is not another GFC it will go up again.If there is a GFC it will crash and then go up again. The drop is due to liquidation of long positions more than shorting. None of the big guys are going to pay to stay short positioned AUD. After the longs are all gone, they will eventually start to jump back on board again. Whether that happens now or after a further crash time will tell.

Aussie shares are already back to even for the day! crazy times
This correct and remember it was only yesterday we were at 1.0450.

Given that many who have seen where its been today unless already long from lower down wont be brave enough to jump onboard as it goes up.
  • #32,144
  • Aug 8, 2011 10:33pm Aug 8, 2011 10:33pm
Quoting lasty
This correct and remember it was only yesterday we were at 1.0450.

Given that many who have seen where its been today unless already long from lower down wont be brave enough to jump onboard as it goes up.
Yeah thats what im trying to figure out now! Gimme a dip for gods sake! or you think its just safe enough to jump on??
  • #32,145
  • Aug 8, 2011 10:41pm Aug 8, 2011 10:41pm
Quoting MapleLeaf
Something interesting about the aussie.... while al USD based pairs like USD-JPY and USD-CHF are going down the rollercoaster like crazy, the AUSSIE is also going down against the USD, during the last few weeks...

do you find any explanations for that?
Do some reading on risk aversion. Commodity currencies like AUD, NZD, CAD suffer the worst when things are bad and safe haven currencies like JPY, CHF perform the best. The opposite is true when things are going well.
  • #32,146
  • Aug 8, 2011 10:52pm Aug 8, 2011 10:52pm
ASX turned positive near closing after being down 5%. Might see more bulls if Europe follows the lead.
Don't get mad, get even!
  • #32,147
  • Aug 8, 2011 11:00pm Aug 8, 2011 11:00pm
I'm expecting this pair to get turned on its head again.
  • #32,148
  • Aug 8, 2011 11:05pm Aug 8, 2011 11:05pm
Quoting 2+2=4ex
I'm expecting this pair to get turned on its head again.
By that do you mean you think its about to drop now or what?
  • #32,149
  • Aug 8, 2011 11:07pm Aug 8, 2011 11:07pm
Quoting 2+2=4ex
I'm expecting this pair to get turned on its head again.
Me too

The ASX has me puzzled though. Don't get how it has recoverd, none of the asian equities have recovered. US and Europe futures as of right now looking to open lower still, but somehow asx moved into positive! suppose people have to put their money into something...

edit: japan and china now positive too

anything could happen today, just going to sit back and watch
  • #32,150
  • Aug 8, 2011 11:10pm Aug 8, 2011 11:10pm
Quoting 2+2=4ex
I'm expecting this pair to get turned on its head again.
SPI futures back @ 4000 from its 3721 lows.. big swing in equities.
  • #32,151
  • Aug 8, 2011 11:14pm Aug 8, 2011 11:14pm
Quoting Jazznos
By that do you mean you think its about to drop now or what?
Yea, we had a nice recovery. I know the drop was big, but the recovery was strong. I just think the natural zig zag of this resumes down. Only my opinion.
  • #32,152
  • Aug 8, 2011 11:15pm Aug 8, 2011 11:15pm
Quoting havaiana
Me too

The ASX has me puzzled though. Don't get how it has recoverd, none of the asian equities have recovered. US and Europe futures as of right now looking to open lower still, but somehow asx moved into positive! suppose people have to put their money into something...

edit: japan and china now positive too

anything could happen today, just going to sit back and watch
All eyes on the FTSE and DAX, if they open positive we might start rallying back towards 1.03, watch gold drop to 1650
Don't get mad, get even!
  • #32,153
  • Aug 8, 2011 11:18pm Aug 8, 2011 11:18pm
Quoting 2+2=4ex
Yea, we had a nice recovery. I know the drop was big, but the recovery was strong. I just think the natural zig zag of this resumes down. Only my opinion.
Well i have no idea really so I bailed out of that long for BE... i shouldnt be taking trades on or off based on anyones opinion over my own analysis so im putting a stop to that as of now... My analysis: no idea! So better stay out
  • #32,154
  • Aug 8, 2011 11:21pm Aug 8, 2011 11:21pm
Will add to long position if Dow turn positive today.. might see a nice rally tomorrow in ASX..

Good luck !!
  • #32,155
  • Aug 8, 2011 11:22pm Aug 8, 2011 11:22pm
Quoting stulic
All eyes on the FTSE and DAX, if they open positive we might start rallying back towards 1.03, watch gold drop to 1650

I have no idea where we'll go, just expecting a big move one way or the other

think i've just about doubled my post count today, time to shut up for a while

Chinese retail sales, industrial output data out at 07.30 gmt
  • #32,156
  • Aug 8, 2011 11:24pm Aug 8, 2011 11:24pm
Quoting Jazznos
Well i have no idea really so I bailed out of that long for BE... i shouldnt be taking trades on or off based on anyones opinion over my own analysis so im putting a stop to that as of now... My analysis: no idea! So better stay out
Stay out if not sure of yourself. Before each trade ask yourself. Do I like this trade? Why?

That way if you lose you can think back and say, I liked it at the start so don't double guess yourself.
  • #32,157
  • Aug 8, 2011 11:38pm Aug 8, 2011 11:38pm
This big rally has me thinking a big drop is coming. Hold onto your hats!!!!!
  • #32,158
  • Aug 8, 2011 11:47pm Aug 8, 2011 11:47pm
Back in the old trendline...
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  • #32,159
  • Aug 9, 2011 12:00am Aug 9, 2011 12:00am
Quoting 2+2=4ex
Stay out if not sure of yourself. Before each trade ask yourself. Do I like this trade? Why?

That way if you lose you can think back and say, I liked it at the start so don't double guess yourself.
Indeed.... but of course it goes back up as soon as I bail...

THEYRE WATCHING ME!!!
MUTHAFUCKAAAAAAASSSSSSSS!!!!
  • #32,160
  • Aug 9, 2011 12:01am Aug 9, 2011 12:01am
Quoting Jazznos
Indeed.... but of course it goes back up as soon as I bail...

THEYRE WATCHING ME!!!
MUTHAFUCKAAAAAAASSSSSSSS!!!!
I know, it's crazy how they know huh
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