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AUD/USD

  • #39,921
  • Feb 5, 2012 6:58pm Feb 5, 2012 6:58pm
Australia Job Ads Jump 6.0% in January
  • #39,922
  • Feb 5, 2012 7:19pm Feb 5, 2012 7:19pm
maybe a bearish penant forming?
Trade what you see not what you hope
  • #39,923
  • Feb 5, 2012 7:29pm Feb 5, 2012 7:29pm
Quoting STIprdr
maybe a bearish penant forming?
got a chart? 15 min is it?
It takes a lot for me to IGNORE you, but you can try.
  • #39,924
  • Feb 5, 2012 7:31pm Feb 5, 2012 7:31pm
yes m15 sorry forgot to mention
Trade what you see not what you hope
  • #39,925
  • Feb 5, 2012 7:31pm Feb 5, 2012 7:31pm
Equities across Asia are rallying, ASX up 50 points, disappointing retail sales had almost no effect on the Aussie, like I said earlier the numbers don't take into account massive increase in online shopping, especially before Christmas.
Don't get mad, get even!
  • #39,926
  • Feb 5, 2012 7:33pm Feb 5, 2012 7:33pm
the nzd is going down nicely btw, aud/nzd went up 40 pips and is now starting to go down maybe it will go bearish, got a 1.0705 tp hope it hits
Trade what you see not what you hope
  • #39,927
  • Feb 5, 2012 7:54pm Feb 5, 2012 7:54pm
Coming rate cut expected. I am looking for support at 1.04XX area to buy.
  • #39,928
  • Feb 5, 2012 8:00pm Feb 5, 2012 8:00pm
1.072x support, if broken might try scalp some profits heading down
  • #39,929
  • Feb 5, 2012 8:03pm Feb 5, 2012 8:03pm
Coming rate cut not so certain anymore:

http://www.smh.com.au/business/job-a...206-1r0nf.html

...ANZ says it does not expect an interest rate cut at the Reserve Bank of Australia's (RBA) February board meeting tomorrow but does expect one at the March meeting.

Read more: http://www.news.com.au/business/more...#ixzz1lYyQ3zkt
Don't get mad, get even!
  • #39,930
  • Feb 5, 2012 8:09pm Feb 5, 2012 8:09pm
Quoting stulic
Equities across Asia are rallying, ASX up 50 points, disappointing retail sales had almost no effect on the Aussie, like I said earlier the numbers don't take into account massive increase in online shopping, especially before Christmas.

but when comparing with ASX (SPI)200 Friday after market trading its lost 15 points .

it's not a good point for new short
Mohan
  • #39,931
  • Feb 5, 2012 8:27pm Feb 5, 2012 8:27pm
Quoting stulic
Coming rate cut not so certain anymore:

http://www.smh.com.au/business/job-a...206-1r0nf.html

...ANZ says it does not expect an interest rate cut at the Reserve Bank of Australia's (RBA) February board meeting tomorrow but does expect one at the March meeting.

Read more: http://www.news.com.au/business/more...#ixzz1lYyQ3zkt
I'm calling BS on this one. ANZ are probably trying to make themselves look better for not reducing their rates in the event of a rate cut tomorrow.

Still a good 70-75% chance of a rate cut tomorrow.

By the way, anyone who thinks there will be no rate cut tomorrow should be taking the $3.00 odds on offer by the bookies immediately!
  • #39,932
  • Feb 5, 2012 8:30pm Feb 5, 2012 8:30pm
Quoting diggo
I'm calling BS on this one. ANZ are probably trying to make themselves look better for not reducing their rates in the event of a rate cut tomorrow.

Still a good 70-75% chance of a rate cut tomorrow.

By the way, anyone who thinks there will be no rate cut tomorrow should be taking the $3.00 odds on offer by the bookies immediately!
anz no longer following RBA rate cut , they have change there policy , they change rate based on internal review (may be based on profit earn)
Mohan
  • #39,933
  • Feb 5, 2012 8:33pm Feb 5, 2012 8:33pm
Quoting stulic
Coming rate cut not so certain anymore:

http://www.smh.com.au/business/job-a...206-1r0nf.html

...ANZ says it does not expect an interest rate cut at the Reserve Bank of Australia's (RBA) February board meeting tomorrow but does expect one at the March meeting.

Read more: http://www.news.com.au/business/more...#ixzz1lYyQ3zkt
If more people agree with ANZ's sentiments then I think when EUR and US opens tonight then the AUD will adjust accordingly (rise). However at the moment given that it is still in the 1.072x, the asia big boys do not agree.
  • #39,934
  • Feb 5, 2012 8:44pm Feb 5, 2012 8:44pm
retesting 1.0720 for the 4th time for the past 40min it just won't break which is also 38.2 fibo level from friday trend
Trade what you see not what you hope
  • #39,935
  • Feb 5, 2012 9:02pm Feb 5, 2012 9:02pm
finally it broke, closed my open position short of tp but still it wasn't a loss I'll try to get a couple of hours before london open happy trading guys.
Trade what you see not what you hope
  • #39,936
  • Edited 11:32pm Feb 5, 2012 9:12pm | Edited 11:32pm
it's manage to test pre market low (0712/14), can it break ? , lets wait and see

edit : closed my short from Friday +63 pip , pa bit playing
Mohan
  • #39,937
  • Feb 5, 2012 9:55pm Feb 5, 2012 9:55pm
This move might be a retracement for the break of weekly FIB 78.6.

IF the pair manages to break below 0700, i hope we can expect around 100 pips more down south.

ADD:Same has happened before. Please check 61.8 level.
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  • #39,938
  • Feb 5, 2012 11:59pm Feb 5, 2012 11:59pm
At the rate it is now 1.07ish has the market priced a rate cut or market believes in ANZ ( no rate cut) ?
  • #39,939
  • Feb 6, 2012 12:06am Feb 6, 2012 12:06am

$US1.50 is entirely plausible, as is parity against the euro.

http://www.smh.com.au/business/dolla...206-1r0yw.html

  • #39,940
  • Feb 6, 2012 12:47am Feb 6, 2012 12:47am
Quoting mohan76
wait till tomorrow Retail Sales data , it might give clear signal of interest cut and direction ,

got in nice and easy / running short from 1.0755 STOPLOSS BE going to hold it for long time..hope to earn atleast 250-300 pips
Early to bed, early to rise, keeps you healthy, wealthy and wise.
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