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AUD/USD

  • #50,101
  • Jul 16, 2012 8:15am Jul 16, 2012 8:15am
Quoting salt
Because EUR/AUD just made a new all-time low. Somebody goes long on this pair. But I guess after few hours other people will short it again for positive swap
Huh? Who's "somebody" and who are "other people"?
Don't get mad, get even!
  • #50,102
  • Jul 16, 2012 8:21am Jul 16, 2012 8:21am
Quoting salt
Because EUR/AUD just made a new all-time low. Somebody goes long on this pair. But I guess after few hours other people will short it again for positive swap
Sorry, but I think this is not the answer. I think you shouldn't make consequence from a syntethic pair.
"Study the past if you would define the future." Confucius
  • #50,103
  • Jul 16, 2012 8:22am Jul 16, 2012 8:22am
Quoting stulic
Huh? Who's "somebody" and who are "other people"?
I just see it on the chart, don't know who, of course. But I guess Eur/Aud will down a gain. Let's see
  • #50,104
  • Jul 16, 2012 8:25am Jul 16, 2012 8:25am
Quoting littlemole
Sorry, but I think this is not the answer. I think you shouldn't make consequence from a syntethic pair.
I don't think there's such a thing as "synthetic pair". If large sums of money are exchanged in any minor cross in one direction and especially at low volume like tonight, the transactions will inevitably affect rates of both currencies in any other pair or cross.
Don't get mad, get even!
  • #50,105
  • Jul 16, 2012 8:34am Jul 16, 2012 8:34am
Okay well ive been away for a couple of hours and shit doesnt look good....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,106
  • Jul 16, 2012 8:35am Jul 16, 2012 8:35am
Quoting stulic
I don't think there's such a thing as "synthetic pair". If large sums of money are exchanged in any minor cross in one direction and especially at low volume like tonight, the transactions will inevitably affect rates of both currencies in any other pair or cross.
Yes it will affect all pair, but as you said that the money is exchanged in the minor cross. So the EURUSD rising isn't came from EURAUD rising.That was what I am saying.
"Study the past if you would define the future." Confucius
  • #50,107
  • Jul 16, 2012 8:39am Jul 16, 2012 8:39am
Quoting littlemole
Yes it will affect all pair, but as you said that the money is exchanged in the minor cross. So the EURUSD rising isn't came from EURAUD rising.That was what I am saying.

Yeah it's really simple.......if you have one person selling euro in exchange for the dollar, and another buying aussie in exchange for the dollar (which would be the case as of lately), then nobody is directly selling euro and buying aussie, but synthetically it has the same effect on the market.

Currency arbitrage and calculations aren't exactly the easiest things to compute, many a hedge fund/bank have F'd themselves by opening the wrong trade by accident. Luckily computers understand the directions better than most people lol.
  • #50,108
  • Jul 16, 2012 8:43am Jul 16, 2012 8:43am
Quoting littlemole
Yes it will affect all pair, but as you said that the money is exchanged in the minor cross. So the EURUSD rising isn't came from EURAUD rising.That was what I am saying.
Of course not. It was USD selling first initiated in USD/JPY, then Gold/silver appreciation and then broad Dollar weakness after poor retail sales.
Now we're in "stimulus more likely then not" mode.
Don't get mad, get even!
  • #50,109
  • Jul 16, 2012 8:49am Jul 16, 2012 8:49am
Quoting stulic
Of course not. It was USD selling first initiated in USD/JPY, then Gold/silver appreciation and then broad Dollar weakness after poor retail sales.
Now we're in "stimulus more likely then not" mode.
AUDUSD still stuck under that 1.0230 level.... that Daily 200 EMA is a fucking beast...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,110
  • Jul 16, 2012 8:49am Jul 16, 2012 8:49am
Quoting Niranj
i closed mines for 1.0211. tempted to go short soon

Im waiting aswell, not sure of good entry yet though... Might have more upside before bearish resumption
  • #50,111
  • Jul 16, 2012 8:52am Jul 16, 2012 8:52am
Quoting stulic
Of course not. It was USD selling first initiated in USD/JPY, then Gold/silver appreciation and then broad Dollar weakness after poor retail sales.
Now we're in "stimulus more likely then not" mode.
Agree, that's what I think too.
"Study the past if you would define the future." Confucius
  • #50,112
  • Jul 16, 2012 8:55am Jul 16, 2012 8:55am
Quoting bguguen
AUDUSD still stuck under that 1.0230 level.... that Daily 200 EMA is a fucking beast...
I hope so. I am holding AUDJPY next to AUDUSD short. Almost the same on H4 but I AUDJPY is more clear for me
"Study the past if you would define the future." Confucius
  • #50,113
  • Jul 16, 2012 8:58am Jul 16, 2012 8:58am
It looks like it is going to be one of those days where we trade in a 40 pip range. I am going out for Breakfeast and then the Gym I will see you boys at the close when were trading at current levels or 1.02
  • #50,114
  • Jul 16, 2012 9:16am Jul 16, 2012 9:16am
Hello,
can I reasonnably expect that the AUD will fall more and faster before the london close ? I need you opinion to drive my short in AJ. Thanks.
Don't be smart. Be rich.
  • #50,115
  • Jul 16, 2012 9:21am Jul 16, 2012 9:21am
good morning everyone....not much action on the AUD...been trying to figure out one of papa indicators the ADX....if what I see or think I've seen in the short study of it ...I'm looking to short at around the 1.0230-40 area...if I'm right the indicator is showing an up move that from pass averages looks to be around 20 to 40 pips from here...just a thought...goods luck everyone...
  • #50,116
  • Jul 16, 2012 9:24am Jul 16, 2012 9:24am
Quoting Freshpips
Im waiting aswell, not sure of good entry yet though... Might have more upside before bearish resumption
well there was opportunity to scalp short at 1.0236 however i was stuck in some other trade.
i am not in aud/usd but i am still bearish about this pair.
  • #50,117
  • Jul 16, 2012 9:29am Jul 16, 2012 9:29am
Quoting Niranj
well there was opportunity to scalp short at 1.0236 however i was stuck in some other trade.
i am not in aud/usd but i am still bearish about this pair.

Im still waiting bro, not confident about re-entering yet. Have to play the waiting game...

Keeping an eye on few others aswell.

What pairs you currently monitoring at present?
  • #50,118
  • Jul 16, 2012 9:32am Jul 16, 2012 9:32am
Quoting Freshpips
Im still waiting bro, not confident about re-entering yet. Have to play the waiting game...

Keeping an eye on few others aswell.

What pairs you currently monitoring at present?
GU which is killing me at the moment
  • #50,119
  • Jul 16, 2012 10:19am Jul 16, 2012 10:19am
Will it bounce off the upper trendline at 1.02414?
  • #50,120
  • Jul 16, 2012 10:26am Jul 16, 2012 10:26am
Quoting Piece Of The Pie
Will it bounce off the upper trendline at 1.02414?
I don't know. EURUSD is bullish, but they are both at resistance.This "waiting for Bernanke" situation is killing me. If EURUSD breaks out then it can rally approx 100 PIPs, and AUDUSD will correlate with the movement.
"Study the past if you would define the future." Confucius
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