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AUD/USD

  • #61,161
  • Jul 31, 2013 8:04pm Jul 31, 2013 8:04pm
Quoting k3nshinz3139
Monthly Chart 3 red candles.. If this month no rate cut.. Green candle close is possible..
96% chance of RBA cut rates next week.
if no rate cut.. GG
  • #61,162
  • Jul 31, 2013 8:05pm Jul 31, 2013 8:05pm
Quoting HelloOz
{quote} 96% chance of RBA cut rates next week. if no rate cut.. GG
I prefer rate cut.. cut cut cut ! haha
I want to travel to Australia.. low rate is good for me
  • #61,163
  • Jul 31, 2013 8:06pm Jul 31, 2013 8:06pm
Quoting k3nshinz3139
{quote} I prefer rate cut.. cut cut cut ! haha I want to travel to Australia.. low rate is good for me
dude if you make heaps of money from forex.. doesnt matter if AUD is 1.10 or 60cents..
  • #61,164
  • Jul 31, 2013 8:28pm Jul 31, 2013 8:28pm
Quoting k3nshinz3139
Very fast drop back.. lol
Looking at the price action and even with better China and Aussie data , at this moment, any possible rallies would be opportunity for the bears to bring it down. Unless .9 level is taken back with a close.
The true fact is market doesn't care, risk mgt is important.
  • #61,165
  • Jul 31, 2013 8:36pm Jul 31, 2013 8:36pm
Quoting HelloOz
{quote} 96% chance of RBA cut rates next week. if no rate cut.. GG
NZ has maintained their interest rate at 2.5%. Aussie is a big sister to NZ, what is the possibility of Aussie having a lower interest rate than NZ?
The true fact is market doesn't care, risk mgt is important.
  • #61,166
  • Jul 31, 2013 8:37pm Jul 31, 2013 8:37pm
Quoting HelloOz
{quote} 96% chance of RBA cut rates next week. if no rate cut.. GG
I believe that a possible rate cut is already priced in...as well as anything else...wouldn't be too bothered
  • #61,167
  • Jul 31, 2013 8:57pm Jul 31, 2013 8:57pm
Well my AUD long is starting to let me down now, time to get out.
  • #61,168
  • Jul 31, 2013 9:02pm Jul 31, 2013 9:02pm
Quoting irongoose
Well my AUD long is starting to let me down now, time to get out.
How far were you underwater?
The More You Learn, The More You Earn.....
  • #61,169
  • Jul 31, 2013 9:06pm Jul 31, 2013 9:06pm
Quoting forexalien
{quote} How far were you underwater?
I was trading the news and I only lost a little money, not enough to get upset about.

Price is almost back to where I'd have broke even.
  • #61,170
  • Jul 31, 2013 9:09pm Jul 31, 2013 9:09pm
Quoting Greener
{quote} I believe that a possible rate cut is already priced in...as well as anything else...wouldn't be too bothered

i agree that the rate cut is fully priced in and has been for a while. If no cut then that could result in fireworks. Data today will have helped but we never know what the RBA are thinking or planning.
Money never sleeps...
  • #61,171
  • Jul 31, 2013 9:38pm Jul 31, 2013 9:38pm
hopefully I'll find a good long entry after RBA news on Tuesday, both on AU/U - AU/J (maybe even short EU/AU)
seems like a good opportunity...

also with news: tomorrows US ISM Manuf. and fridays US Employment we should see lots of movement until tuesday...

maybe after tuesday RBA I can even paint my face green
  • #61,172
  • Jul 31, 2013 9:52pm Jul 31, 2013 9:52pm
Quoting irongoose
{quote} I was trading the news and I only lost a little money, not enough to get upset about. Price is almost back to where I'd have broke even.
That is why I was asking , I saw the return to your price...........
The More You Learn, The More You Earn.....
  • #61,173
  • Jul 31, 2013 10:35pm Jul 31, 2013 10:35pm
ABS error - inflation even lower
The Australian Bureau of Statistics has revised down a key measure of underlying inflation after discovering an error in the data, suggesting there might be even more scope for interest rate cuts to stimulate the economy.

The ABS said it has revised down the weighted median measure of consumer prices to show a rise of 0.6 per cent in the second quarter, from the originally reported 0.7 per cent.

There were also revisions both up and down to past quarterly changes, which left the annual pace of growth in the weighted median unrevised at 2.6 per cent for the second quarter.

The downward revision to the weighted median brought it more in line with what analysts had been forecasting and underlined the benign outlook for inflation in Australia.

That should reassure the Reserve Bank which is widely expected to cut interest rates to a record low of 2.5 per cent next week, taking advantage of tame inflation to support economic growth.


The ABS said the error was caused by its use of original rather than seasonally adjusted figures in the household textiles expenditure class when it calculated inflation.

"The ABS have instigated a full review of the circumstances leading up to the release to understand why the error occurred and to prevent it from happening again," the agency said in a brief statement.


Read more: http://www.smh.com.au/business/the-e...#ixzz2agWqgxDu
  • #61,174
  • Jul 31, 2013 10:48pm Jul 31, 2013 10:48pm
Quoting inpatient
{quote} 1.46's and have added every 40
Have way too many EN shorts already but looking at EA as well.Looking at the chart no real retraced yet.Its "Due"
I am waiting to see if there is interest rate cut if there is price may push 1.50 at which point I'll start shorting from there.
regards
In trading, you have to be defensive and aggressive at the same time
  • #61,175
  • Jul 31, 2013 10:49pm Jul 31, 2013 10:49pm
Attached Image
  • #61,176
  • Jul 31, 2013 11:17pm Jul 31, 2013 11:17pm
Quoting 2+2=4ex
{image}
I think that reflects trades by folks playing for swap income and not necessary view that aud will go up.

When this decreases means carry traders have been scared out. if this is what is market trying to do, will take extra couple of IR cuts and bleak prospect for AU future. Say recession and housing slump will do.

If this is so, downtrend will accelerate until margin calls, etc, which will be prime time to buy.

If this is so, then we are looking <70.

Looks reasonable, so I will be looking for shorts after today's 0.25 risk loss on long side.
  • #61,177
  • Jul 31, 2013 11:31pm Jul 31, 2013 11:31pm
for inspiration
Woodkid "I love you"
In trading, you have to be defensive and aggressive at the same time
  • #61,178
  • Jul 31, 2013 11:59pm Jul 31, 2013 11:59pm
Greatest passage from holly book
Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.

What it means? Thousands of self help books.Trading,Love,life in short action-reaction!What you put in is what you receive.
If you want to succeed as a trader try harder,seek,and you will find.Give it all you got and God will reward you!

Everything is in the mind.If blind man can win golf championships you can reach your dreams as well

http://www.tabletmag.com/jewish-news...lind-golf-star

http://cdn1.tabletmag.com/wp-content...0212_620px.jpg
In trading, you have to be defensive and aggressive at the same time
  • #61,179
  • Aug 1, 2013 12:06am Aug 1, 2013 12:06am
Quoting Davit
Greatest passage from holly book Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. What it means? Thousands of self help books.Trading,Love,life in short action-reaction!What you put in is what you receive. If you want to succeed as a trader try harder,seek,and you will find.Give it all you got and God will reward you! Everything is in the mind.If blind man can win golf championships you can reach your dreams as well http://www.tabletmag.com/jewish-news...lind-golf-star...
How's the going buddy~
  • #61,180
  • Aug 1, 2013 12:08am Aug 1, 2013 12:08am
Quoting JollyBean
{quote} How's the going buddy~
I wonder too. Hope he is not one averaging down.
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