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AUD/USD

  • #60,081
  • Jul 5, 2013 12:57am Jul 5, 2013 12:57am
As do I
  • #60,082
  • Jul 5, 2013 1:00am Jul 5, 2013 1:00am
Quoting Eulogy
{quote} I really don't see why any of that is relevant. Point 1 doesn't mean anything since AU is such a small economy highly dependant on its export market in the whole scheme of things. Once the big players go, so does Australia. Point 2, once again, China is beginning to withdraw on its rate of expansion and it has massive economic structural problem it needs to work out. Minerals are always going to flow but its the velocity in which they are traded which will determine AUs near future. Point 3 and 4 are contradictory: slow immigration buoys...

Point 1 is *everything*. You guys are on the precipice of a financial Armageddon and are printing money like there’s no tomorrow.

Youth unemployment rates are nearing 50% in some European countries.
Let me give you some names – PIIGS and Iceland are screwed. UK is printing like mad and only London is not in recession and then only the rich parts because rich Europeans are buying up the property there.

USA owes 16 TRILLION and counting and I can tell you those printing presses won’t stop like Bernake says they will.

Point 2 is valid. China, India, Asia are still buying, not as much as before but still buying.

Point 3 is immigrants increase residential property demand.

Point 4 is overseas buyers are buying farmland as well as residential property thus increasing demand. All these purchases are made in AUD.

So points 3 and 4 are extremely valid and if interest rates on AUD do go down then property/land will skyrocket.

Point 5 is our banks were safe are safe and will continue to be safe. None have failed like UK-Europe-USA.

Point 6 is a matter of perception then.
  • #60,083
  • Jul 5, 2013 1:24am Jul 5, 2013 1:24am
let me remind you about bank called WBC which was just before bankruptcy in early 90 and saved by government and now is one of top 10 banks in the world by size. So, in 20 years this amazing transformation. Good on ya, mate They are still cowboys there, no change.
  • #60,084
  • Jul 5, 2013 1:53am Jul 5, 2013 1:53am
long from 0.913
short eur 1.413
looking great so far
  • #60,085
  • Edited 4:49am Jul 5, 2013 3:40am | Edited 4:49am
Does anyone trades AUDCAD?
Looks like inverse head and shoulders is forming on daily chart.
  • #60,086
  • Jul 5, 2013 4:06am Jul 5, 2013 4:06am
Quoting jimmij
Does anyone trades AUDCAD? Looks like reverse head and shoulders is forming on daily chart.
You may be right; where is your entry to be?
It takes a lot for me to IGNORE you, but you can try.
  • #60,087
  • Jul 5, 2013 4:17am Jul 5, 2013 4:17am
Quoting Erebus
{quote} You may be right; where is your entry to be?
I'm already in 2x at current level, TP1 0.9780, SL 0.9609.
  • #60,088
  • Jul 5, 2013 5:46am Jul 5, 2013 5:46am
AUS : Dear AUS_ people are worry about Your next few hours moments so plz As i know
You never Hurt any one if people Hug you on right Time so This time You will Prove that
You are the Best I am with you and I am with Long


AUS_Sep
  • #60,089
  • Jul 5, 2013 7:45am Jul 5, 2013 7:45am
conflicting data - strange movement
  • #60,090
  • Jul 5, 2013 7:50am Jul 5, 2013 7:50am
Quoting vladirich
conflicting data - strange movement
Undermployment is soaring!

All those added jobs are bullshit hotel jobs. No real jobs for Americans.

To me its obvious, but with price reflect that?
  • #60,091
  • Jul 5, 2013 7:52am Jul 5, 2013 7:52am
Quoting Macdon
{quote} Point 1 is *everything*. You guys are on the precipice of a financial Armageddon and are printing money like there’s no tomorrow. Youth unemployment rates are nearing 50% in some European countries. Let me give you some names – PIIGS and Iceland are screwed. UK is printing like mad and only London is not in recession and then only the rich parts because rich Europeans are buying up the property there. USA owes 16 TRILLION and counting and I can tell you those printing presses won’t stop like Bernake says they will. Point 2 is valid. China,...

At the end of the day, the markets does whatever the hell it wants.
Trade what you see, not what you think!
  • #60,092
  • Jul 5, 2013 7:53am Jul 5, 2013 7:53am
Yeah, jobs added to bars, restaurants etc.

U6 number actually went up again.
  • #60,093
  • Jul 5, 2013 7:54am Jul 5, 2013 7:54am
Quoting JollyBean
Yeah, jobs added to bars, restaurants etc. U6 number actually went up again.
hmm..
sounds to me that brokers are making heaps these days and bar night every night..
bartenders are on demand??
  • #60,094
  • Jul 5, 2013 7:54am Jul 5, 2013 7:54am
Quoting JollyBean
Yeah, jobs added to bars, restaurants etc. U6 number actually went up again.
As always in the summer.
  • #60,095
  • Jul 5, 2013 7:58am Jul 5, 2013 7:58am
Mostly part timers... Bell boys and waiter and etc...
Logics do not apply in FOREX
  • #60,096
  • Jul 5, 2013 7:59am Jul 5, 2013 7:59am
I guess the market celebrates as long as overall number of jobs are added, even if manufacturers continue to cut jobs, and U6 number continues to shoot up.

lol...
  • #60,097
  • Jul 5, 2013 7:59am Jul 5, 2013 7:59am
hehehehe... Thank God I am not Bullish on this pair
  • #60,098
  • Jul 5, 2013 8:00am Jul 5, 2013 8:00am
Quoting bskwak1124
Mostly part timers... Bell boys and waiter and etc...
well..
maybe there are too many well educated americans looking for jobs..
they have to move IMO...
  • #60,099
  • Jul 5, 2013 8:07am Jul 5, 2013 8:07am
or Bernanke speaks something at the moment
  • #60,100
  • Jul 5, 2013 8:18am Jul 5, 2013 8:18am
Opening a long here... first target 0.94 here we come!

Further targets 0.96 and beyond. Stop just below 0.90.

Have a good time everyone
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