Attachments: AUD/USD

AUD/USD

#59,181
Edited 8:39am Jun 12, 2013 8:20am | Edited 8:39am

Max FX
| Joined Aug 2011 | Status: Trader | 162 Posts

RTRS-Japan's Marubeni to bid for Rio Tinto Australia coal stake -sources

Marubeni looking at 29% stake, valued around USD 2 bln

Traders suggest AUD purchases may be needed

China's Shenhua Group, India’s Aditya Birla and Coal India also in the game

#59,182
Jun 12, 2013 12:25pm Jun 12, 2013 12:25pm

Pharm0r
Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts

AUD dies tonight

#59,183
Jun 12, 2013 1:11pm Jun 12, 2013 1:11pm

sharovegas
| Joined Jan 2010 | Status: Trader | 161 Posts

Quoting Pharm0r

Disliked

AUD dies tonight

Ignored

I don't think so. Expact, it will go UP at least 50pips.

#59,184
Jun 12, 2013 1:16pm Jun 12, 2013 1:16pm

Max FX
| Joined Aug 2011 | Status: Trader | 162 Posts

Quoting sharovegas

Disliked

{quote} I don't think so. Expact, it will go UP at least 50pips.

Ignored

And than 250 pips down) It will depend on data this night and market reaction. If data will be bad bears can become to be more aggressive. Animals)

#59,185
Jun 12, 2013 1:20pm Jun 12, 2013 1:20pm

nueldar
| Joined May 2013 | Status: Trader | 35 Posts

i expect down to .94-0.942. and then up again.

#59,186
Jun 12, 2013 1:51pm Jun 12, 2013 1:51pm

irongoose
| Joined May 2013 | Status: Trader | 1,210 Posts

With the way the AUD/USD went up today its like the market doesn't care about unemployment rising to 5.6% and they might shave 9.8k jobs.

#59,187
Edited 3:22pm Jun 12, 2013 3:11pm | Edited 3:22pm

irongoose
| Joined May 2013 | Status: Trader | 1,210 Posts

Quoting irongoose

Disliked

I'm sure the AUD will resume its downward path again. The USD is a pump and dump The Fed has already said that they need to see job growth of 200,000 jobs per month for 4 months straight before they do anything. Do you see that happening in the next 4 months? Yet you turn on the news and hear them still talking like The Fed is going to take action and the markets are reacting accordingly.

Ignored

http://www.bloomberg.com/news/2013-0...anke-view.html

Chairman Ben S. Bernanke needs to see four months of job growth averaging at least 200,000 to justify reducing the pace of asset purchases, according to Vincent Reinhart, a former director of the Fed’s Division of Monetary Affairs. Roberto Perli, a former researcher in the division, said the central bank would need to see that pace “through the summer.”
“They would see that as confirmation that the economy is on a self-sustaining trajectory and they would thus be confident that they could reduce the pace” of quantitative easing, said Perli, a partner at Cornerstone Macro LP in Washington.

The May payrolls increase fell short of 200,000. The Labor Department said today that payrolls rose 175,000 last month, while April’s gain was revised lower to 149,000. The jobless rate rose to 7.6 percent from 7.5 percent as more people entered the workforce.
Bill Gross, manager of the world’s biggest bond fund, said the Fed probably won’t reduce its asset purchases after the rise in joblessness last month from a four-year low.

Yes folks be very careful with the USD right now, remember its high because of expectations of the Fed reducing bond purchases.

#59,188
Jun 12, 2013 3:21pm Jun 12, 2013 3:21pm

seaman2
| Joined Feb 2013 | Status: Trader | 1,365 Posts

Quoting seaman2

Disliked

{quote} walk the talk : short euraud stop previous high.

Ignored

did not like price action as it did not want to go below 1.4 once broke above.

took couple of bucks pl and run.

will revisit.

Attached Image (click to enlarge)

Click to Enlarge

Name: euad11.PNG
Size: 81 KB

#59,189
Jun 12, 2013 3:30pm Jun 12, 2013 3:30pm

irongoose
| Joined May 2013 | Status: Trader | 1,210 Posts

Best to wait for news before trading the AUD/USD before assuming its going to crash or sky rocket up.

#59,190
Jun 12, 2013 3:40pm Jun 12, 2013 3:40pm

irongoose
| Joined May 2013 | Status: Trader | 1,210 Posts

Boston Fed president Eric Rosengren and Chicago’s Charles Evans, both voting members of the FOMC this year who have consistently supported increased stimulus, have cited job growth of 200,000 as a benchmark for labor-market improvement.

http://www.bloomberg.com/news/2013-0...forecasts.html

#59,191
Jun 12, 2013 3:41pm Jun 12, 2013 3:41pm