DislikedPlease do not listen to zerohedge, do your own homework! This is going to get you into trouble in the future otherwise.Ignored
good weekend to all
Any prices quoted are futures
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
DislikedPlease do not listen to zerohedge, do your own homework! This is going to get you into trouble in the future otherwise.Ignored
DislikedAre there any experts out there that can tell me if there's a limit on how much an investor or trader can make while trading currencies on the Forex market? At what point does it become detrimental to the broker of choice to keep allowing a client to pull in huge gains? Is it 10 G a week? 20 G a week?...
Thanks in advance for anyone who has advice on this.Ignored
DislikedWhere is good place to short? Under 1.0749 ? What you guys think ? if we dont open above 1.0800Ignored
DislikedWhere is good place to short? Under 1.0749 ? What you guys think ? if we dont open above 1.0800Ignored
DislikedWont open above 1.08 but as long as I see everybody and they're dog in this thread desperately trying to pick a swing top, I'll stay bullish on this pair.
It's not going to "drop like a rock" or "nose dive below parity" or "0.95 here we come", it'd be very foolish to think so.
Rate cut has been fully priced in, I can't wait to fade the move down before the announcement, then buy more for new highs after.Ignored
Dislikedthere is big chance that retail sales going to be bad because i watched 4 year results and only in 1 year it was positive ( in feb )
but if u think its going higher then i guess it will..lol u almost always correctIgnored
DislikedHeh I'm not always correct, nobody is, it's just that most small traders are wrong some of the time and some are wrong most of the time, which means going against their collective sentiment is usually the safer bet.
I think you know that the retail sales numbers to be released tomorrow are actually December 2011 data, which of course includes Christmas shopping madness.
0.2% increase prediction seams a bit too weak for my liking but I wish I had some connections inside the ABS to know for sure, since I don't I can only follow my bias which is UP....Ignored
Dislikedyour right about the number of shorting this pair according to oanda stats its 1/3 ratio at the moment.When it reaches such ratios its usually indication of huge movements cooming,if you were to think theres many strangled in short trades,but any upmove brings in even more shorts,so to even this out,market has to shake out the weakest shorts and then go down to attract more longs,otherwise we would get a pair like usd/jpy which is tangled in way way downward spiral for the last years and needs a lot of money to maintain stable rates.Ignored
DislikedLong run, I think high AUD it is going to hurt larger masses of ppl in Australia.Many depends on services and tourism. Lots of jobs depends on it. Also the other aspect is education. Many will consider going to US or Europe for education due to weaker currency.Ignored
Disliked
Only a major global crisis like a new middle east military intervention with Iran or Syria or anything similar, is going to change this. AUD is in high demand and massively growing foreign investment interest in Australia's commodity market can only push this pairs exchange rate way above $1.11.Ignored