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AUD/USD

  • #53,781
  • Oct 12, 2012 1:28am Oct 12, 2012 1:28am
Quoting Ken A
Bloomberg.


“The fall in the cash rate has overstated the degree to which monetary policy has eased,” said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. in Sydney. “The easing we’ve seen so far has just involved the Reserve Bank taking its foot off the brake, it hasn’t actually put its foot on the accelerator until perhaps now.”
I especially like this part of your quote! Hope everyone understands the implications.
Hope for the best, prepare for the worst.
  • #53,782
  • Oct 12, 2012 1:29am Oct 12, 2012 1:29am
Quoting dab
I especially like this part of your quote! Hope everyone understands the implications.
the RBA Taking its foot off the Interest Rate Cut Brakes NOW is the bit i love the most....
the very very last bit of that sentence...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,783
  • Oct 12, 2012 1:31am Oct 12, 2012 1:31am
Quoting dab
see attached from our very own FF site plus add in the October cut.
Where did you find that info?
Cheers
FF journal: Peaks and Troffs
  • #53,784
  • Oct 12, 2012 1:31am Oct 12, 2012 1:31am
Quoting bguguen
the US Dollar is an Exception unfortunately.... Because The world is Based heavily on US Dollars... to many country using US Dollar as medium of trade
its always the same just a diff tf and bigger crash with the us. Its goingto happen. Japan learned the hard way by listening to the crack economics of usa. They had strong manufacuring until the currency stenghtened. Its been downhill. Now they are trying to intervene but learn that it never works. Swiss are next but chf will devalue on its own because noone is holding swiss accounts to evade tax.

ill say this. Long term an extreme strength or extremely weak currency will hurt an economy but letting free market control of the rate will allow for greatest potential propsperity. More ppl more production. It ends when we run out of resources or cant reproduce them with technology.
  • #53,785
  • Oct 12, 2012 1:34am Oct 12, 2012 1:34am
Quoting sidhujag
its always the same just a diff tf and bigger crash with the us. Its goingto happen. Japan learned the hard way by listening to the crack economics of usa. They had strong manufacuring until the currency stenghtened. Its been downhill. Now they are trying to intervene but learn that it never works. Swiss are next but chf will devalue on its own because noone is holding swiss accounts to evade tax.

ill say this. Long term an extreme strength of weak currency will hurt an economy but letting free market control of the rate will allow for...
Thank you.... read the bolded text, THATS exactly the reason why the Aussie economy is headed down hill too.... however if the Aussies are smart they would do the right thing by being agressive and drop the interest rate or they are headed down the same path as Japan... "Japan never dared to touch their interest rates... look what happened to them"

Australia will simply not let their export operations die.... especially when THEY have the resources to export while Japan never did....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,786
  • Oct 12, 2012 1:41am Oct 12, 2012 1:41am
Quoting bguguen
the US Dollar is an Exception unfortunately.... Because The world is Based heavily on US Dollars... to many country using US Dollar as medium of trade
Reason why the US dollar has depreciated in value is because they printed so much money to fund their government spending over the last 2-3 decades.
Nothing to do with Investment flows when im talking about currencies like Yen and Chf being strong is a signal that these economies are dying... AUD being strong is going to follow the same fate if they dont do anything about it to ease....

YEN...
umm no u arent reading between the lines. Us used to be manufacturing based. Work = production. However japan and germany were doing it for cheaper. To compete they signed a bill that would have the manipulate usd to favor foreign rates. Even after they did this it had opposite effect. This is why they are all usdx backed because they all exported to us thus enjoyed a cheap usdx to local conversion. Manufacturing never picked up as usdx weakened and nothing was done so here we are. I blv usdx will head back up and manufacturing will also tick up as slowly they become more reliant on export. Competing is another issue for the future.
  • #53,787
  • Oct 12, 2012 1:43am Oct 12, 2012 1:43am
Dont thing the 94 area is gonna hold a 3rd time....

http://clip2net.com/s/2o71K
  • #53,788
  • Oct 12, 2012 1:45am Oct 12, 2012 1:45am
Quoting sidhujag
umm no u arent reading between the lines. Us used to be manufacturing based. Work = production. However japan and germany were doing it for cheaper. To compete they signed a bill that would have the manipulate usd to favor foreign rates. Even after they did this it had opposite effect. This is why they are all usdx backed because they all exported to us thus enjoyed a cheap usdx to local conversion. Manufacturing never picked up as usdx weakened and nothing was done so here we are. I blv usdx will head back up and manufacturing will also tick up...
i think the goal was because consumption was high that a cheap usdx would help manufacturing produce cheaper goods. This was before the global economy. As techonoly came this plan faultered and now its a new game plan. Bubble already burst now time for usdx increase.
  • #53,789
  • Oct 12, 2012 1:45am Oct 12, 2012 1:45am
Quoting Wulfgar
Dont thing the 94 area is gonna hold a 3rd time....

http://clip2net.com/s/2o71K
too early to say... watching higher TF in play
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,790
  • Oct 12, 2012 1:46am Oct 12, 2012 1:46am
Quoting bguguen
too early to say... watching higher TF in play
if i keep beating my head against this wall here maybe itll break? I just need to put a little more money on it maybe?
  • #53,791
  • Oct 12, 2012 1:48am Oct 12, 2012 1:48am
Quoting Wulfgar
if i keep beating my head against this wall here maybe itll break? I just need to put a little more money on it maybe?
go ahead but be careful of friday risk off flows.... especially ahead of a packed news weekend.... unlike the normal silent ones....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,792
  • Oct 12, 2012 1:49am Oct 12, 2012 1:49am
Quoting bguguen
go ahead but be careful of friday risk off flows....

Good advice my friend...

I almost forgot it was friday... jeez... every day just melts into the next it seems like
  • #53,793
  • Oct 12, 2012 1:49am Oct 12, 2012 1:49am
Quoting bogus
Where did you find that info?
Cheers
If you go to the calendar, find the line item for the cash rate (2nd Oct in my time zone) and click on the icon in the 'detail' column. Several things then pop up including explanation of the event and the history of it. If still having trouble let me know but no promises I'll read your response until after the weekend.
Hope for the best, prepare for the worst.
  • #53,794
  • Oct 12, 2012 1:51am Oct 12, 2012 1:51am
Quoting Wulfgar
Good advice my friend...

I almost forgot it was friday... jeez... every day just melts into the next it seems like
especially when you have almost a FULL week of risk on, i wouldnt blame you for thinking AUDUSD could go higher but 1.03 is keeping it in check....
Funny it had to be a Fridy for us to reach 1.03 maybe this friday could hint for a next leg down??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,795
  • Oct 12, 2012 1:53am Oct 12, 2012 1:53am
Quoting dab
If you go to the calendar, find the line item for the cash rate (2nd Oct in my time zone) and click on the icon in the 'detail' column. Several things then pop up including explanation of the event and the history of it. If still having trouble let me know but no promises I'll read your response until after the weekend.
Found it. How cool, what a great resource.
Thanks
FF journal: Peaks and Troffs
  • #53,796
  • Oct 12, 2012 1:55am Oct 12, 2012 1:55am
Quoting bguguen
especially when you have almost a FULL week of risk on, i wouldnt blame you for thinking AUDUSD could go higher but 1.03 is keeping it in check....
Funny it had to be a Fridy for us to reach 1.03 maybe this friday could hint for a next leg down??
I thought with more nuetral employement data we would finish the week around 0210... still could... but the data wasnt really neutral and it lent some aussie strength
  • #53,797
  • Oct 12, 2012 1:55am Oct 12, 2012 1:55am
I am waiting for strong reversal of AUD/USD. As it cannot cross 1.0300. I expect it will go down under 1.0250 today.
  • #53,798
  • Oct 12, 2012 1:58am Oct 12, 2012 1:58am
Quoting Wulfgar
I thought with more nuetral employement data we would finish the week around 0210... still could... but the data wasnt really neutral and it lent some aussie strength
You kidding me?? i thought we'd finish the week UNDER 1.0180!! bollocks.... maybe the second attempt at 0200 might break it? who knows...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,799
  • Oct 12, 2012 1:58am Oct 12, 2012 1:58am
Quoting shanewatson
I am waiting for strong reversal of AUD/USD. As it cannot cross 1.0300. I expect it will go down under 1.0250 today.
get in line my friend..im pretty sure everyone else is too
  • #53,800
  • Oct 12, 2012 2:02am Oct 12, 2012 2:02am
Quoting Wulfgar
get in line my friend..im pretty sure everyone else is too
hopefully this time its built up enough momentum to break below 1.02
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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