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  • #59,101
  • Jun 10, 2013 8:42pm Jun 10, 2013 8:42pm
.94 hit wall..
  • #59,102
  • Jun 10, 2013 9:01pm Jun 10, 2013 9:01pm
Looks like we had a nice reaction to the mild data (mild in terms of general market effect).

I think we'll continue lower the rest of the night, but that's just my opinion/bias.
check out my blog: forexmademillionaire dot com
  • #59,103
  • Jun 10, 2013 9:09pm Jun 10, 2013 9:09pm
Implications for NAB forecasts (See latest Global and Australian Forecasts report also released today):

  1. The consensus view is that global growth should accelerate through 2013 as recessions end in Western Europe, Abenomics lifts Japanese growth, the US continues its moderate expansion and solid growth continues in the big emerging economies. So far data have not shown such a synchronised global upturn. We still expect global growth to be around trend next year but downside risks now more prominent.

  1. Evidence the slowing in labour intensive mining investment is well underway and weakness in gross national expenditure has led us to soften our medium-term GDP forecasts. We see GDP growth of 2.8% in 2012-13, softening to 2.3% in 2013-14. While a lower Australian dollar and rates should help to offset some of the impact on the Australian economy from structural adjustment, they will be insufficient to prevent unemployment from rising – we see unemployment exceeding 6% by the end of 2013 (5¾% previously) and remaining around 6¼% in the out years. We expect the RBA to cut again in November (with the lower currency giving the RBA time). However, stimulus could come earlier if the labour market weakens more quickly than anticipated. We have revised down our currency forecasts for the AUD/USD to 93c by end 2013 and 87c by late 2014.

  • #59,104
  • Jun 10, 2013 9:50pm Jun 10, 2013 9:50pm
Testing the break-down zone as resistance...
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 72 KB
check out my blog: forexmademillionaire dot com
  • #59,105
  • Jun 10, 2013 10:19pm Jun 10, 2013 10:19pm
Quoting Geppy
Looks like we had a nice reaction to the mild data (mild in terms of general market effect). I think we'll continue lower the rest of the night, but that's just my opinion/bias.
I was thinking of posting here but realized ...... there seems
to be certain members here with "communistic" views (censorship)
or who simply can't take an ounce of heat.

So, I digress
When the Joker is in the deck.. fear not and play it well
  • #59,106
  • Jun 10, 2013 10:20pm Jun 10, 2013 10:20pm
Quoting Slim Buffett
{quote} I was thinking of posting here but realized ...... there seems to be certain members here with "communistic" views (censorship) or who simply can't take an ounce of heat. So, I digress
huh... me?
check out my blog: forexmademillionaire dot com
  • #59,107
  • Jun 10, 2013 10:25pm Jun 10, 2013 10:25pm
Quoting Geppy
{quote} huh... me?

LOL !! ............... I knew you would say that


You must think it's quite a compliment

(if it were directed at you)


I'll post a song
It's called
"You're so Vain"

CVheersa
When the Joker is in the deck.. fear not and play it well
  • #59,108
  • Jun 10, 2013 10:27pm Jun 10, 2013 10:27pm
Quoting Slim Buffett
{quote} LOL !! ............... I knew you would say that You must think it's quite a compliment (if it were directed at you) I'll post a song It's called "You're so Vain" CVheersa
I know that one... it was written about me!
check out my blog: forexmademillionaire dot com
  • #59,109
  • Jun 10, 2013 10:34pm Jun 10, 2013 10:34pm
Quoting Geppy
{quote} I know that one... it was written about me!

We shall see grasshopper
You seem to be improving on your
"communistic ways".

MAYBE there is hope for you

?
When the Joker is in the deck.. fear not and play it well
  • #59,110
  • Jun 10, 2013 10:40pm Jun 10, 2013 10:40pm
Quoting Slim Buffett
{quote} We shall see grasshopper You seem to be improving on your "communistic ways". MAYBE there is hope for you ?
Doubt it
check out my blog: forexmademillionaire dot com
  • #59,111
  • Jun 10, 2013 10:43pm Jun 10, 2013 10:43pm
Quoting Geppy
{quote} Doubt it
yup
When the Joker is in the deck.. fear not and play it well
  • #59,112
  • Jun 11, 2013 2:57am Jun 11, 2013 2:57am
Finally, it's getting slaughtered!
  • #59,113
  • Jun 11, 2013 3:38am Jun 11, 2013 3:38am
I'm going to get long off what could be a new low @ 0.9337 (lowest price in 2.5 years).
I know most people want to short which makes sense, but i like this better so good luck
Attached Image (click to enlarge)
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  • #59,114
  • Jun 11, 2013 3:47am Jun 11, 2013 3:47am
AUS : GooD Point for Long ........................ I am with Long and I hope will gain some $$$



Chull Bull Chull Bulll ............ Its Market Lolllllllllllllllllllllllll ...................
  • #59,115
  • Jun 11, 2013 3:57am Jun 11, 2013 3:57am
Oz on historic low...but it doesn't mean that it won't be lower. First reaction to buy on low...but who knows is it low or not. To go up OZ should break ex support now resistance at 0.94. I think Oz should go lower...unfortunatelly
  • #59,116
  • Jun 11, 2013 4:05am Jun 11, 2013 4:05am
i was so lucky that, i'm not entering Long 2 hours ago,
But I will try my luck now by place a single long for 20 pips only
  • #59,117
  • Jun 11, 2013 4:07am Jun 11, 2013 4:07am
Quoting Max FX
Oz on historic low...but it doesn't mean that it won't be lower. First reaction to buy on low...but who knows is it low or not. To go up OZ should break ex support now resistance at 0.94. I think Oz should go lower...unfortunatelly

ya, someone wants to clean retailers accounts.
if you look EAs chart, it pushes up every time it wants to fall a bit from the attic.
I'll shop after the drop
  • #59,118
  • Jun 11, 2013 4:18am Jun 11, 2013 4:18am
Nobody cares about retail accounts. Mainly it's B booked so not change market at all. Question what is big boys going to do and looks like they still prefer to sell any rally. Goldman Sachs lower their forecast to 0.92, 0.9 and 0.85 for 3, 6, and 12 months. 0.85 should be a good level to go long) But in 2008 OZ was 0.6) Next good support much lower around 0.9250 - 0.9150 imho. Hope I am wrong)
  • #59,119
  • Jun 11, 2013 4:20am Jun 11, 2013 4:20am
Quoting Max FX
Nobody cares about retail accounts. Mainly it's B booked so not change market at all. Question what is big boys going to do and looks like they still prefer to sell any rally. Goldman Sachs lower their forecast to 0.92, 0.9 and 0.85 for 3, 6, and 12 months. 0.85 should be a good level to go long) But in 2008 OZ was 0.6) Next good support much lower around 0.9250 - 0.9150 imho. Hope I am wrong)

ya, true or false, i'll stay away, EU is enough
I'll shop after the drop
  • #59,120
  • Jun 11, 2013 4:26am Jun 11, 2013 4:26am
Quoting Max FX
Oz on historic low...but it doesn't mean that it won't be lower. First reaction to buy on low...but who knows is it low or not. To go up OZ should break ex support now resistance at 0.94. I think Oz should go lower...unfortunatelly
My thoughts exactly
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