Attachments: AUD/USD

AUD/USD

#54,181
Oct 17, 2012 8:09pm Oct 17, 2012 8:09pm

4rextrader
| Joined Aug 2011 | Status: conceive and believe to achieve | 342 Posts

Quoting sidhujag

Disliked

Yea I had uj closing above 90 EOY.. long ways to go still

Ignored

your holding long position until then?

#54,182
Oct 17, 2012 8:29pm Oct 17, 2012 8:29pm

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

Quoting sidhujag

Disliked

Yea I had uj closing above 90 EOY.. long ways to go still

Ignored

Same here. Congrats.

Looks like Yen is easier to trade. A bit eerie with all USD pairs as there's uncertainty about Euro.

#54,183
Oct 17, 2012 8:59pm Oct 17, 2012 8:59pm

Compulsive
| Joined Feb 2012 | Status: Trader | 613 Posts

Here we Goooooooooooooooooo

#54,184
Oct 17, 2012 9:03pm Oct 17, 2012 9:03pm

lcuki
| Joined Oct 2012 | Status: Trader | 70 Posts

short or long dun dun dun

#54,185
Oct 17, 2012 9:04pm Oct 17, 2012 9:04pm

jplazard
Joined Jul 2009 | Status: Trader | 1,807 Posts

Read the report ppl dont just take the headline number

#54,186
Oct 17, 2012 10:23pm Oct 17, 2012 10:23pm

jplazard
Joined Jul 2009 | Status: Trader | 1,807 Posts

On futures: we just tapped 61.8% YTD (HI/LO) 61.8% 1.0348

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#54,187
Oct 17, 2012 10:44pm Oct 17, 2012 10:44pm

Balmain Boy
| Joined Jan 2012 | Status: Trader | 254 Posts

Expectations for a 25 bps cut on Nov 6th by the RBA have been wound back a further notch for the 2nd time this week following the release of the Chinese economic data . ASX 30 Day Interbank Cash Rate Futures now implying a 70% probability - down from 78% prior to the release and 85% on Tuesday morning .

#54,188
Oct 17, 2012 11:25pm Oct 17, 2012 11:25pm

Nachiket
| Membership Revoked | Joined Jul 2011 | 3,291 Posts

Quoting Balmain Boy

Disliked

Expectations for a 25 bps cut on Nov 6th by the RBA have been wound back a further notch for the 2nd time this week following the release of the Chinese economic data . ASX 30 Day Interbank Cash Rate Futures now implying a 70% probability - down from 78% prior to the release and 85% on Tuesday morning .

Ignored

I won't be surprised to see it at 50% next week.

#54,189
Oct 17, 2012 11:26pm Oct 17, 2012 11:26pm

Nachiket
| Membership Revoked | Joined Jul 2011 | 3,291 Posts

Quoting Nachiket

Disliked

I won't be surprised to see it at 50% next week.

Ignored

rate cut does not make sense to me. they have cut 3 times since april.

#54,190
Oct 17, 2012 11:49pm Oct 17, 2012 11:49pm

bogus
Joined Mar 2007 | Status: Symbol | 2,788 Posts

Looks like 1.0365 is the base for day traders.

FF journal: Peaks and Troffs

#54,191
Oct 17, 2012 11:54pm Oct 17, 2012 11:54pm

Balmain Boy
| Joined Jan 2012 | Status: Trader | 254 Posts

Quoting Nachiket

Disliked

I won't be surprised to see it at 50% next week.

Ignored

A very high CPI reading next Wednesday could be the catalyst .

#54,192
Oct 18, 2012 12:05am Oct 18, 2012 12:05am

Balmain Boy
| Joined Jan 2012 | Status: Trader | 254 Posts

http://www.forexfactory.com/mime.pl?file=image004-6.jpgQ3 GDP Growth slowed FURTHER but A Cyclical upturn is under way

· ChinaR17;s Q3 GDP growth slowed to a three-year low, below the government growth target of 7.5%, which could trigger more policy easing in the following months.
· While the headline figures appear worrisome, a few positive signs emerged that the Chinese economy is stabilizing: the export value hit a record high, M2 and total social financing looks encouraging and onshore commodity inventories declined sharply. In addition, the external environment has improved.
· The central government has approved as much as RMB7.0trn for infrastructure investments since May. We believe the implementation of these investment projects will accelerate after the leadership change.
· As such, we project a modest growth upturn trend for China’s economy in the following quarters. We maintain our forecast that the economy will grow 7.8% this year, with Q4 growth modestly up to 7.9-8.0%. We forecast the Chinese economy will grow at 8.1% for 2013.
· Inflation will remain subdued this year, and we see a 2.7-2.9% rise in CPI inflation for the whole year. As China still faces structural inflationary pressures, we think CPI inflation next year will move upward towards 4%.

#54,193
Oct 18, 2012 12:05am Oct 18, 2012 12:05am

livesri
| Joined Oct 2012 | Status: Trader | 2 Posts

Quoting bogus

Disliked

Looks like 1.0365 is the base for day traders.

Ignored

Completely Agree with you!

#54,194
Edited 2:00am Oct 18, 2012 1:42am | Edited 2:00am

foxybunny
| Joined Nov 2007 | Status: Trader | 1,157 Posts

Quoting jplazard

Disliked

This is the Bull turning point yaaaa!!! oh wait where are we trading compared to the last cut hmm...

Are we still trading below the 50% 618% retrace from the Hi/Low of this recent wave hmmmm....

And on an ABC basis starting from August are we still trading below 50% hmmm..

here are the levels I am watching and do have shorts sitting throughout. China could give us a pop but it could be short lived.

Ignored

You got nice charts and nice points to keep note for now.

There where RBA Cut and the area above that around 1.0450 looks like a good Supply Area.

#54,195
Oct 18, 2012 1:45am Oct 18, 2012 1:45am

iqyu5an
Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts

aussie session closed at level ...lower than its opening price

not euphoria follower

#54,196
Oct 18, 2012 2:31am Oct 18, 2012 2:31am

jplazard
Joined Jul 2009 | Status: Trader | 1,807 Posts

Someone mentioned a EU summit catalyst I think we just got one from Merkel looking at daily and ny though for follow through

Until ES breaks out of this LH LL range the short side is still hanging on

#54,197
Oct 18, 2012 4:17am Oct 18, 2012 4:17am