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  • #32,521
  • Jun 26, 2013 2:26am Jun 26, 2013 2:26am
Quoting oztrader79
{quote} Of course, and I do. I think the thread is better served though, that when people make a call on the price directionthat they post a chart showing how they got to that conclusion, otherwise it has little meaning. edit: apologies, I also mean if no chart, to elaborate on the how or why they have come to that conclusion.
If you look at my previous post about 12h ago I posted a chart!
  • #32,522
  • Jun 26, 2013 2:27am Jun 26, 2013 2:27am
a warning to everyone trading the aud!
in a surprise call our prime minister julia gillard has been challenged to a leadership ballot at 7pm australian eastern time. There is a high probability she will be booted out of her seat as prime minister. This is major news and could move the market significantly watch out.
  • #32,523
  • Jun 26, 2013 2:28am Jun 26, 2013 2:28am
Is that good news for AUD or bad news?
  • #32,524
  • Jun 26, 2013 2:38am Jun 26, 2013 2:38am
Quoting iNSIELD
Is that good news for AUD or bad news?
It's very hard to say because there is an election in September anyway. The current government has been an absolute embarrassment with Julia Gillard. If Kevin Rudd is appointed prime minister in 2 hours it may have a positive influence on the Aussie dollar. But very hard to say. Trades I predict will be all over the place when the news is released.
  • #32,525
  • Jun 26, 2013 2:40am Jun 26, 2013 2:40am
Quoting Arman_A
{quote} It's very hard to say because there is an election in September anyway. The current government has been an absolute embarrassment with Julia Gillard. If Kevin Rudd is appointed prime minister in 2 hours it may have a positive influence on the Aussie dollar. But very hard to say. Trades I predict will be all over the place when the news is released.
lol it looks like the buyers are trying to squeeze the hell out of the market just in caase lmao
  • #32,526
  • Jun 26, 2013 2:42am Jun 26, 2013 2:42am
I'm long Kiwi now not sure how much effect that election will have
  • #32,527
  • Jun 26, 2013 2:46am Jun 26, 2013 2:46am
Quoting iNSIELD
I'm long Kiwi now not sure how much effect that election will have
I personally will not trade during the leadership spill over the next few hours. Risky business.
  • #32,528
  • Jun 26, 2013 2:47am Jun 26, 2013 2:47am
Stops are at BE already
  • #32,529
  • Jun 26, 2013 2:53am Jun 26, 2013 2:53am
Quoting Arman_A
{quote} I personally will not trade during the leadership spill over the next few hours. Risky business.
nothing will change IMO..

i dont think market will rush buying/selling when we have new PM from same party...
  • #32,530
  • Jun 26, 2013 2:53am Jun 26, 2013 2:53am
I feel so gangster right now
  • #32,531
  • Jun 26, 2013 3:12am Jun 26, 2013 3:12am
Quoting Arman_A
a warning to everyone trading the aud! in a surprise call our prime minister julia gillard has been challenged to a leadership ballot at 7pm australian eastern time. There is a high probability she will be booted out of her seat as prime minister. This is major news and could move the market significantly watch out.
How can he just challenge her to a ballot at some random time?
  • #32,532
  • Edited 6:55am Jun 26, 2013 3:14am | Edited 6:55am
Thanks for the info Arman_A (http://www.forexfactory.com/arman_a).

RSIOMA still shows m5-4h to be up. I think it will hit the 4hr cloud before turning south.

off to bed now.

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  • #32,533
  • Jun 26, 2013 5:07am Jun 26, 2013 5:07am
Rudd in Gillard out.
As this is a minority government, Rudd will now need to negotiate the support of the 3 independents before we know if Labor can hold government, may be an early election. Outcome wont be clear til we know where the independents throw their support.
  • #32,534
  • Jun 26, 2013 5:11am Jun 26, 2013 5:11am
Guys the australian government is a complete mess I can't beleive the Aussie isn't being sold sold sold. 10 ministers just resigned and the prime minister just got booted! There should be alot of mixed emotion on the market.
  • #32,535
  • Jun 26, 2013 5:14am Jun 26, 2013 5:14am
Quoting Arman_A
Guys the australian government is a complete mess I can't beleive the Aussie isn't being sold sold sold. 10 ministers just resigned and the prime minister just got booted! There should be alot of mixed emotion on the market.

10 Ministers? please don't spread mis-information. 4 ministers have resgined, the treasurer (Wayne Swan, the deputy leader so was to be expected), the Information minister (Stephen Conroy, leader in the Senate so was to be expected), Craig Emerson (trade minister, who was sleeping with the PM while he was still married and was a staunch supporter, no surprise there) and Joe Ludwig (a junior minister).
  • #32,536
  • Jun 26, 2013 5:21am Jun 26, 2013 5:21am
Quoting oztrader79
{quote} 10 Ministers? please don't spread mis-information. 3 ministers have resgined, the treasurer (Wayne Swan, the deputy leader so was to be expected), the Information minister (Stephen Conroy, leader in the Senate so was to be expected) and I can't think of the third.
3 or 10... doesn't matter. The fact is, this very scenario is playing out all across the globe. People who are supposed to be in charge... examples to the masses ; are falling short big time. People are scrambling for answers and all they get are bones thrown for them to fetch. Like dogs. Wow.... 3 with the prime minister to boot. Common'. Don't make light of it.
It's the simple things in life that have the most powerful meaning.
  • #32,537
  • Jun 26, 2013 5:23am Jun 26, 2013 5:23am
Quoting lebleup
{quote} 3 or 10... doesn't matter. The fact is, this very scenario is playing out all across the globe. People who are supposed to be in charge... examples to the masses ; are falling short big time. People are scrambling for answers and all they get are bones thrown for them to fetch. Like dogs. Wow.... 3 with the prime minister to boot. Common'. Don't make light of it.

"3 or 10.. doesn't matter" Sorry, I guess I just like accurate reporting of facts. Also, if 3 represents 25% of the ministry and 10 represents 90%, you don't think that makes a difference in its gravity?




edit: you wrote you post and quoted mine before I had updated. Originally I said three, but it was 4.
  • #32,538
  • Jun 26, 2013 5:28am Jun 26, 2013 5:28am
Quoting oztrader79
{quote} "3 or 10.. doesn't matter" Sorry, I guess I just like accurate reporting of facts. Also, if 3 represents 25% of the ministry and 10 represents 90%, you don't think that makes a difference in its gravity? edit: you wrote you post and quoted mine before I had updated. Originally I said three, but it was 4.

With the Prime Minister getting the boot?... Ah what the heck. 4 it is. That makes a difference to some I guess.
Look! There's another bone gettin' tossed.
It's the simple things in life that have the most powerful meaning.
  • #32,539
  • Jun 26, 2013 5:33am Jun 26, 2013 5:33am
Quoting lebleup
{quote} With the Prime Minister getting the boot?... Ah what the heck. 4 it is. That makes a difference to some I guess. Look! There's another bone gettin' tossed.

Sorry I don't get your smart arse reply? An unpopular PM was replaced by her own party and a couple of ministers resigned - no big deal. It would be different to say the whole/majority ministry resigned i.e. 10 ministers, that would lead to major instability that could affect the currency.


AND, she was replaced by the person that she stabbed in the back 3 years ago, not a new figure. For most Australians, it was righting a wrong done.
  • #32,540
  • Edited 5:36am Jun 26, 2013 5:35am | Edited 5:36am
Quoting oztrader79
{quote} Sorry I don't get your smart arse reply? An unpopular PM was replaced by her own party and a couple of ministers resigned - no big deal. It would be different to say the whole/majority ministry resigned i.e. 10 ministers, that would lead to major instability that could affect the currency.
You say arse...I say ass. You say tomaaaaatoe... I say tomatoe. It's politics.... go figure.

Poli... greek/latin for Many.
tics.... are blood sucking parasites.

Nothing "smart arse" about it. Go on and trade. That's what this is about.

Many pips to ya.

No harm meant.
It's the simple things in life that have the most powerful meaning.
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