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AUD/USD

  • #51,381
  • Aug 6, 2012 3:06am Aug 6, 2012 3:06am
And after they keep the rate unchanged, Aussie immediately bounce higher?
  • #51,382
  • Aug 6, 2012 3:08am Aug 6, 2012 3:08am
Tend to agree with stulic, but according to info below there is 10% chance.
Only time will tell.

"As at 6 August, the ASX 30 Day Interbank Cash Rate Futures August 2012 contract was trading at 96.520, indicating a 10% expectation of a rate decrease to 3.25% at the next RBA Board meeting"

Taken from http://www.asx.com.au/sfe/targetratetracker.htm

Nik
  • #51,383
  • Aug 6, 2012 10:40am Aug 6, 2012 10:40am
In case you are not aware of the new home of DaddyBear, here is his address:

Aussie Trading Room and Cartoons Gallery

Open house every day and night. -DB-
daddybearforex. com
  • #51,384
  • Aug 6, 2012 4:53pm Aug 6, 2012 4:53pm
Quoting stulic
Zero chance.
i feel next cut around Melbourne cub , but looks market starting to price in a rate cut, if pa allow i might take long around 2 pm (sideline might be better option as seller might dump even no rate cut)
Mohan
  • #51,385
  • Aug 6, 2012 4:58pm Aug 6, 2012 4:58pm
Quoting DaddyBear
In case you are not aware of the new home of DaddyBear, here is his address:

Aussie Trading Room and Cartoons Gallery

Open house every day and night. -DB-
Thank you.
  • #51,386
  • Aug 8, 2012 2:12am Aug 8, 2012 2:12am
hi guys, i am predicting a strong upward movement of aud/usd In my personal opinion.

I just felt sometimes people could too sensitive, in my personal thoughts.

i will be posting in here from now on, for those whom remained an open mind and want to know how brokers work , can stay tune here.
  • #51,387
  • Aug 8, 2012 3:28am Aug 8, 2012 3:28am
Quoting leticus
hi guys, i am predicting a strong upward movement of aud/usd In my personal opinion.

I just felt sometimes people could too sensitive, in my personal thoughts.

i will be posting in here from now on, for those whom remained an open mind and want to know how brokers work , can stay tune here.
Is it just AU ? I see usdx at critical resistance point with EMA crossing over..
  • #51,388
  • Aug 8, 2012 9:35am Aug 8, 2012 9:35am
Quoting leticus
hi guys, i am predicting a strong upward movement of aud/usd In my personal opinion.

I just felt sometimes people could too sensitive, in my personal thoughts.

i will be posting in here from now on, for those whom remained an open mind and want to know how brokers work , can stay tune here.
haha, did DB kick you out?

I think it'll be ranging here for a minute before another kick up
  • #51,389
  • Aug 8, 2012 11:18am Aug 8, 2012 11:18am
Waiting patiently to make some $$ tongiht with the employment change and unemployment rate tonight. Fast pace market action!!
  • #51,390
  • Aug 8, 2012 6:19pm Aug 8, 2012 6:19pm
Quoting 4rextrader
Waiting patiently to make some $$ tongiht with the employment change and unemployment rate tonight. Fast pace market action!!
I am just curious why not many traders viewing this page right now? last month when this news was abt to come there were number of people looking fowad to trade this one?
  • #51,391
  • Aug 8, 2012 6:20pm Aug 8, 2012 6:20pm
There's another Ausie $ thread. Can't rememebr the name, maybe someone else can?
  • #51,392
  • Aug 8, 2012 6:38pm Aug 8, 2012 6:38pm
Quoting Niranj
I am just curious why not many traders viewing this page right now? last month when this news was abt to come there were number of people looking fowad to trade this one?
Because we're too addicted to that E/U pair. I looked at this pair last night, and actually went long, after the H4 closed above 1.05364 and grabbed 40 + pips. I'm getting ready for this thing to reverse any minute now.
Time turns trend. - W.D. Gann
  • #51,393
  • Aug 8, 2012 6:43pm Aug 8, 2012 6:43pm
Quoting ForExtraPips
Because we're too addicted to that E/U pair. I looked at this pair last night, and actually went long, after the H4 closed above 1.05364 and grabbed 40 + pips. I'm getting ready for this thing to reverse any minute now.
its still under the news and good data push , be careful mate !!!
“Don't cry because it's over, smile because it happened.â€Â
  • #51,394
  • Aug 8, 2012 6:48pm Aug 8, 2012 6:48pm
Quoting balanced2012
its still under the news and good data push , be careful mate !!!
Thanks. Will do.
Time turns trend. - W.D. Gann
  • #51,395
  • Aug 8, 2012 6:51pm Aug 8, 2012 6:51pm
Quoting Niranj
I am just curious why not many traders viewing this page right now? last month when this news was abt to come there were number of people looking fowad to trade this one?
Most of them have migrated to this forum ;

http://www.forexfactory.com/showthread.php?t=374571
  • #51,396
  • Aug 8, 2012 6:52pm Aug 8, 2012 6:52pm
Very good news abous employment for aud. I wonder how many pips it goes up until it rebounce?
  • #51,397
  • Aug 8, 2012 11:42pm Aug 8, 2012 11:42pm
Sitting on a heavy supply zone. Its a long way down from here if bears gain control, in contrast the upside is quite limited.

1.075 would be an absolutely ideal short IMHO.
  • #51,398
  • Aug 8, 2012 11:59pm Aug 8, 2012 11:59pm
Going up on the London open?
Play the players, not the cards.
  • #51,399
  • Aug 9, 2012 4:12am Aug 9, 2012 4:12am
I know the AUD is its own beast defying the simplest logic and the straight shot up has been in lockstep with ES. The dollar reading has been low for forecasting AUD longer term and I can only base intraday moves at the moment for AUD/USD as the correlation is not high enough for a major trend position IMO. I missed the big move upwards on AUD/USD (per the break)

Like I mentioned earlier I kept my drawings on while taking this break and the Dollar has bounced off nicely on the Extension 88.6/78.6 (screen below). Obviously if we break below 82 we can see a retest 80.75 area on the major support sending AU, EU, ES every higher but that is not on the menu of discussion short term

I won't take any trades this week as I am still getting back in synch with the charts and news but we could see some deadline coming from dollar (and AU at these levels until next week) unless /ES crosses through 1400 again with some force. I will look to next week's open for better direction of 1.07 or if dollar can hold at these levels a retest to 1.0425

For those who I have followed and spoken with before I look forward to your analysis again and new members as well.
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  • #51,400
  • Aug 9, 2012 4:29am Aug 9, 2012 4:29am
Post cut off I see. Just wanted to say hello to everyone again as I took a break for a couple weeks because last month was not my best performance. I look forward to getting back in starting next Sunday and again thank you to those who have PM'ed me and contributors who I have followed with respect.
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