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AUD/USD

  • #48,581
  • Jul 4, 2012 3:35pm Jul 4, 2012 3:35pm
It is true that fundamentally is outperforming, but to me before any economic data was released it went insanely up caused by that EU summit, and look how the Euro is dropping.

Not saying that it will go all the way back to where it started, no one knows that and also it is actually fundamentally strong but it has to give some of those gains from last week.



Just my noobish opinion.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #48,582
  • Jul 4, 2012 3:37pm Jul 4, 2012 3:37pm
Nothing much has changed. Maybe the upcoming news will shift this pair. The good news coming out hasn't done much. Maybe a bit of bad data will be the catalyst.
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FF journal: Peaks and Troffs
  • #48,583
  • Jul 4, 2012 3:38pm Jul 4, 2012 3:38pm
Quoting Nacho
looking at the past month fundamental data about Australia, they have been outperforming those of europe and USA,

June 6: quarterly GDP +1,3% (on a 0.5% expected)
June 7: employment change: +38.9k units (on a -2.2k expected)
June 8: trade balance: -0.2B (expected -0.92B)
July 3: bulding approvals +27.3%
July 4: retail sales +0.5%
..

I don't know if Aussie will fall or keep going north, but at least looking at the fundamentals, the latter seems to me the most logic direction..
i think its going south, need that trade balance to give it a push imho
  • #48,584
  • Jul 4, 2012 3:41pm Jul 4, 2012 3:41pm
Quoting Nacho
looking at the past month fundamental data about Australia, they have been outperforming those of europe and USA,

June 6: quarterly GDP +1,3% (on a 0.5% expected)
June 7: employment change: +38.9k units (on a -2.2k expected)
June 8: trade balance: -0.2B (expected -0.92B)
July 3: bulding approvals +27.3%
July 4: retail sales +0.5%
..

I don't know if Aussie will fall or keep going north, but at least looking at the fundamentals, the latter seems to me the most logic direction..
Market is illogical and irrational most time. Markets are the footprints of herd mentality. There is no single leader to guide the herd with the most logical direction, which you believe but others may not agree.
daddybearforex. com
  • #48,585
  • Jul 4, 2012 3:45pm Jul 4, 2012 3:45pm
Quoting Silencer
i think its going south, need that trade balance to give it a push imho
Silencer, seems to me, we have something in common now. Good call!
daddybearforex. com
  • #48,586
  • Jul 4, 2012 3:52pm Jul 4, 2012 3:52pm
Quoting DaddyBear
Silencer, seems to me, we have something in common now. Good call!
people have alot in common with each other then they realise, we are just blinded by ego sometimes ;-)
  • #48,587
  • Jul 4, 2012 4:24pm Jul 4, 2012 4:24pm
Another good night for EUR/AUD, only knows one direction (not the crappy boy band).
1.2132 stones throw away
EUR rate cut now pretty much fully priced in.
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Don't get mad, get even!
  • #48,588
  • Jul 4, 2012 6:23pm Jul 4, 2012 6:23pm
Quoting Zircon
am happy
  • #48,589
  • Jul 4, 2012 6:46pm Jul 4, 2012 6:46pm
the way I'm gonna to play it tonight.....been short since 1.0285...going to close and reverse it to a long before tonights news...looking to get in at 1.0256 if comes down that far anyway.... the way the numbers have been coming out lately I see it happening one more time today...gonna ride it up to the 1.0285-95 area then short it again for the big trip down that I believe is coming this week...good luck everyone...
  • #48,590
  • Jul 4, 2012 6:58pm Jul 4, 2012 6:58pm
Quoting DaddyBear
ROLLER COASTER EUPHORIA
While riding the roller coaster, the bull got very excited on 4th of July until ...........
I am taking a ride of roller coaster again with bulls for a few hours before 4th of July is over. It will be exciting and fun!
daddybearforex. com
  • #48,591
  • Jul 4, 2012 7:06pm Jul 4, 2012 7:06pm
Quoting petehnm
the way I'm gonna to play it tonight.....been short since 1.0285...going to close and reverse it to a long before tonights news...looking to get in at 1.0256 if comes down that far anyway.... the way the numbers have been coming out lately I see it happening one more time today...gonna ride it up to the 1.0285-95 area then short it again for the big trip down that I believe is coming this week...good luck everyone...
The bus probably won't stop at the station of 1.0256. Looks like you just missed the bus. Sorry man. See you later.
daddybearforex. com
  • #48,592
  • Jul 4, 2012 7:08pm Jul 4, 2012 7:08pm
Quoting DaddyBear
I am taking a ride of roller coaster again with bulls for a few hours before 4th of July is over. It will be exciting and fun!
I'm with you papa just got in at 1.0268....didn't have the nuts to get down to 1.0256....let the fireworks begin...at least to the 1.0300-15 area..
  • #48,593
  • Jul 4, 2012 7:22pm Jul 4, 2012 7:22pm
Quoting petehnm
I'm with you papa just got in at 1.0268....didn't have the nuts to get down to 1.0256....let the fireworks begin...at least to the 1.0300-15 area..
Welcome aboard. Some bears are blocking the traffic. I do hope the bus carries us to 1.0300 before 9:30 PM. We may have to change bus at that time.
daddybearforex. com
  • #48,594
  • Jul 4, 2012 7:25pm Jul 4, 2012 7:25pm
Quoting DaddyBear
Welcome aboard. Some bears are blocking the traffic. I do hope the bus carries us to 1.0300 before 9:30 PM. We may have to change bus at that time.
thanks for the heads up....will keep an eye on the time thanks again.
  • #48,595
  • Jul 4, 2012 7:32pm Jul 4, 2012 7:32pm
Quoting petehnm
I'm with you papa just got in at 1.0268....didn't have the nuts to get down to 1.0256....let the fireworks begin...at least to the 1.0300-15 area..
Did you buckle up your seat belt. Looks like the bus is speeding up. We only have one hour to be there.
daddybearforex. com
  • #48,596
  • Jul 4, 2012 7:33pm Jul 4, 2012 7:33pm
For those who already hoped in to the bus (bulls or bears), have a save journey! I'll be waiting at the next station later tonight.
  • #48,597
  • Jul 4, 2012 7:38pm Jul 4, 2012 7:38pm
Quoting irfandbl
For those who already hoped in to the bus (bulls or bears), have a save journey! I'll be waiting at the next station later tonight.
As far as I know, I only see Americans on the bus. Bears or bulls are just the masks. They are easy on and easy off. I will see you later. -papa-
daddybearforex. com
  • #48,598
  • Jul 4, 2012 8:13pm Jul 4, 2012 8:13pm
Now 1.0267 is hovering at 4h support, hope your Daddy bear 's bus of Bulls really shoot up.


Good Luck!
  • #48,599
  • Jul 4, 2012 8:16pm Jul 4, 2012 8:16pm
I really like the way how this forum is being evolved - with Daddy Bear bus ride. "Its easier for us to decipher the trend."
  • #48,600
  • Jul 4, 2012 8:22pm Jul 4, 2012 8:22pm
what news expected dear friends? Aud up or down?
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