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AUD/USD

  • #44,021
  • May 8, 2012 4:59am May 8, 2012 4:59am
Quoting STIprdr
and on what basis do you think it will go down? I don't want to contradict you but since the budget report came in rather good it might not fall...
Returning the federal budget to surplus will put downward pressure on the Australian dollar and it will lead to lower interest rates.
The government's commitment to cut spending and return to surplus would hurt economic growth and so, it adds to the case for further interest rate cuts.
Lower interest rates and a reduction in federal government borrowing reduces the inflow of foreign capital into Australia and puts downward pressure on the Australian dollar.
Expect the unexpected.
  • #44,022
  • May 8, 2012 5:03am May 8, 2012 5:03am
I see what you mean sir, thanks for explaining to me
Trade what you see not what you hope
  • #44,023
  • May 8, 2012 5:04am May 8, 2012 5:04am
fx-rocket, out of curiosity where are you from?

btw, I'm long @1.01450 good luck huh!
  • #44,024
  • May 8, 2012 5:10am May 8, 2012 5:10am
yes i agree with rocket, as julia wants to give to the 99% but i think its in hopes that the mining sector an its attractiveness will keep its currency healthy, i bet u if u long now an have a stop at something rediculous like 40c, come back half a year later, your be a very happy person.
  • #44,025
  • May 8, 2012 5:11am May 8, 2012 5:11am
Quoting nelso
fx-rocket, out of curiosity where are you from?

btw, I'm long @1.01450 good luck huh!
I was born in Sweden,
I now live in Australia and I am an Australian Citizen, since 2002.

Good luck with your long, hopefully we can both benefit somehow!
I wish you good trades!
Expect the unexpected.
  • #44,026
  • May 8, 2012 5:14am May 8, 2012 5:14am
Quoting nelso
fx-rocket, out of curiosity where are you from?

btw, I'm long @1.01450 good luck huh!
hope you're willing to hold the position for awhile, i also see aud/usd long but not for at least a month or so..
  • #44,027
  • May 8, 2012 5:15am May 8, 2012 5:15am
also fxrocket now that i checked better my trading system i think it will continue to go south today and tommorow also, but what I am sayng is just based on what I think regarding how the market is moving, the lack of sleep is affecting my game i think )
Trade what you see not what you hope
  • #44,028
  • May 8, 2012 5:26am May 8, 2012 5:26am
i have a small baby bat and divergence on my chart, but first wanna see what stocks are doing before going long http://www.smileygarden.de/smilie/Tiere/40.gif
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 May. 08 12.21.gif Size: 87 KB
  • #44,029
  • May 8, 2012 5:40am May 8, 2012 5:40am
If this 4hour candle closed at 1.0139 i will buy.
  • #44,030
  • May 8, 2012 5:59am May 8, 2012 5:59am
Quoting fx-rocket
Added Short @ 1.0134... She's going south big-time tonight!
A little late>?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #44,031
  • May 8, 2012 6:07am May 8, 2012 6:07am
Inserted Video


hehe zzzz
  • #44,032
  • May 8, 2012 6:21am May 8, 2012 6:21am
any opinions on what will happen when NY opens?
  • #44,033
  • May 8, 2012 6:26am May 8, 2012 6:26am
I've got a gut feeling that its going to keep going long. The budget put out a lot of green flags as far as spending and economic posterity.

I'm long at 1.01384and will close out if we break 1.02000 again.
  • #44,034
  • May 8, 2012 6:49am May 8, 2012 6:49am
Quoting tigershin
any opinions on what will happen when NY opens?
hello, this is only the opinion of a newbie
is it possible to fly north?? to 1.0270??
  • #44,035
  • May 8, 2012 7:20am May 8, 2012 7:20am
Quoting RhemyD
I've got a gut feeling that its going to keep going long. The budget put out a lot of green flags as far as spending and economic posterity.

I'm long at 1.01384and will close out if we break 1.02000 again.
the budget put a lot of green flags to voters who need support. dont see how its good for economic growth...
  • #44,036
  • May 8, 2012 7:21am May 8, 2012 7:21am
Quoting KillerWhale
A little late>?
Sorry mate, I don't understand what you mean by saying "A little late"?
Expect the unexpected.
  • #44,037
  • May 8, 2012 7:22am May 8, 2012 7:22am
its breaking
  • #44,038
  • May 8, 2012 7:24am May 8, 2012 7:24am
Quoting tigershin
its breaking
Certainly is, I'm holding though for experience. Should have closed off at a 15 pip win on paper but I'm letting the practice account go to track it.
  • #44,039
  • May 8, 2012 7:28am May 8, 2012 7:28am
Quoting tigershin
the budget put a lot of green flags to voters who need support. dont see how its good for economic growth...
Technically my chart system said indicated at 1.0180 (4pm AEST) it would fall to 1.0140 then turn up till 1.0160 then continue to fall. I feel stupid because i just watched it all un fold because its new charting software and was unproven. Also the whole budget made me want to sit on the sidelines.
  • #44,040
  • May 8, 2012 7:35am May 8, 2012 7:35am
will it find support at around 1.01210?
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