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AUD/USD

  • #61,701
  • Aug 6, 2013 12:04am Aug 6, 2013 12:04am
bullish all day long
  • #61,702
  • Aug 6, 2013 12:05am Aug 6, 2013 12:05am
Quoting yaphets
i know the guys who tell the others to short; but in the reality, he goes long, because he want the money gone from bear
Really? Is that comment relevant? There are only 225 people on this thread; if we could figure a way to move a 4 Trillion / day market, we surely would be doing that by now....... that is, if we could all agree on something !!!

It takes a lot for me to IGNORE you, but you can try.
  • #61,703
  • Aug 6, 2013 12:06am Aug 6, 2013 12:06am
Quoting HelloOz
{quote} the most important one is this <> The Board has previously noted that the inflation outlook could provide some scope to ease policy further, should that be required to support demand. At today's meeting, and taking account of recent information on prices and activity, the Board judged that a further decline in the cash rate was appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the inflation target over time. </> there.. RBA...
We'll see. I need to brush up on my interest rate policy, though. They may not for a while. We don't know. However, I find it interesting the Stevens has no problems with a lower currency and still feels it is high.

There are other ways to lower a currency to spur "growth" Just ask Bernanke, Abe & Co. (sounds like a law firm)
When the facts change I change my mind, what do you do sir
  • #61,704
  • Aug 6, 2013 12:07am Aug 6, 2013 12:07am
this is a beautiful rounding bottom pattern on the 2 hour chart...this may be quite a bounce....
  • #61,705
  • Aug 6, 2013 12:08am Aug 6, 2013 12:08am
No reversal sign yet on a larger picture. But PA sucking towards .90 level. We would be bullish unless there is a close above .90 level where it is a strong support in Jul. To me, I will see it as a "support is still a support". However, if it backed down after hitting that support, it will simply means support turns resistance, which is the strongest.

http://i1116.photobucket.com/albums/...ps13fa63f4.jpg
The true fact is market doesn't care, risk mgt is important.
  • #61,706
  • Aug 6, 2013 12:10am Aug 6, 2013 12:10am
Isn't this a fake breakout and supposed to turn around and fall down? Interest rate cut by .25% ?
"be content with your pay" - John the Baptist
  • #61,707
  • Aug 6, 2013 12:12am Aug 6, 2013 12:12am
Quoting dormin
Isn't this a fake breakout and supposed to turn around and fall down? Interest rate cut by .25% ?

RBA is in the wait and see mode.. no indication of further rate cut.. AUD is given a relief rally..
  • #61,708
  • Aug 6, 2013 12:12am Aug 6, 2013 12:12am
Quoting dormin
Isn't this a fake breakout and supposed to turn around and fall down? Interest rate cut by .25% ?
Yes, but we need your stop first.
  • #61,709
  • Aug 6, 2013 12:13am Aug 6, 2013 12:13am
Quoting dormin
Isn't this a fake breakout and supposed to turn around and fall down? Interest rate cut by .25% ?
Possible. A lot of resistance up top, but I mentioned several times it may be a sell the rumor, buy the fact event IMO since rumors of the rate cut sank the pair over the last week. Still aiming for .876
When the facts change I change my mind, what do you do sir
  • #61,710
  • Aug 6, 2013 12:16am Aug 6, 2013 12:16am
US TB is tonight too
Logics do not apply in FOREX
  • #61,711
  • Aug 6, 2013 12:17am Aug 6, 2013 12:17am
if next quarter CPI is the same as last quarter, 0.4%..
YoY inflation would be 1.4%... which will gives RBA more room for 4 more cuts..
GG
  • #61,712
  • Aug 6, 2013 12:17am Aug 6, 2013 12:17am
Australian central bank tried to make their currency down to boost up the economy. This is not the crisis like 2008, time to b bullish
  • #61,713
  • Aug 6, 2013 12:20am Aug 6, 2013 12:20am
Quoting Rag2RichesFX
{quote} looks like our fade strategy is working well did you get any more of your buy limits triggered on the spike down to 8850 yesterday? i sure did. got 8851 and 8862 and i cut my 8906 entries for +10.. i did this to reduce risk and to allow me to place more buy limits under the lows.
Nothing yet. I havent traded much over the last month damn university classes get in the way:nerd:
When the facts change I change my mind, what do you do sir
  • #61,714
  • Aug 6, 2013 12:22am Aug 6, 2013 12:22am
Quoting dormin
Isn't this a fake breakout and supposed to turn around and fall down? Interest rate cut by .25% ?
With that h4 bullish candle with a close, that is definitely not a fake breakout. Anyway, the market has already factored in a 101% possibility of a .25% rate cut since last week, and there are even a 25% speculation that the cut is .5%. Didn't you read the news?
The true fact is market doesn't care, risk mgt is important.
  • #61,715
  • Aug 6, 2013 12:22am Aug 6, 2013 12:22am
Quoting yaphets
Australian central bank tried to make their currency down to boost up the economy. This is not the crisis like 2008, time to b bullish
AUDUSD first blasted after the crisis. Nothing that took it to those level are still around
When the facts change I change my mind, what do you do sir
  • #61,716
  • Aug 6, 2013 12:22am Aug 6, 2013 12:22am
For those looking for a clear guidance of further rate cuts, it just wasn't there, says CBA chief economist Michael Blythe:

  1. The decision to take out the phrase 'scope to ease' has certainly muddied the waters. It wasn't as dovish as those in the further-rate-cut camp were hoping to see.
  2. Whether they cut again will depend on what sort of inflation numbers they put on the table at Friday's quarterly statement. If they bump them up, that would suggest they'd be reluctant rate cutters from here. If they haven't, then there will probably be more scope to cut rates.

It wasn't a surprise and a lot of the commentary is very much in line with the view we had, HSBC's chief economist for Australia Paul Bloxham says:

  1. Growth is below trend at the moment. Inflation is low enough to allow them to cut rates further and so they delivered a rate cut to try and provide further support for growth.
  2. The RBA statement is a little less dovish than before. They didn't repeat that the inflation outlook provided them with further scope to cut rates from here.
  3. I don't expect the central bank to cut rates again in this easing cycle.



Read more: http://www.smh.com.au/business/marke...#ixzz2bACLLMdO

  • #61,717
  • Aug 6, 2013 12:25am Aug 6, 2013 12:25am
Quoting Pip Anon
{quote} AUDUSD first blasted after the crisis. Nothing that took it to those level are still around
True, but this may be recession, not free-fall crisis like 2008.
  • #61,718
  • Aug 6, 2013 12:28am Aug 6, 2013 12:28am
Quoting yaphets
{quote} True, but this may be recession, not free-fall crisis like 2008.
It may no be that bad, yet. Recessions still suck. The US has been out of a recession since 2009 "officially" and still easing. Economy is better not great. Australia needs to diversify growth from leaning on their commodities too much
When the facts change I change my mind, what do you do sir
  • #61,719
  • Aug 6, 2013 12:29am Aug 6, 2013 12:29am
Quoting k3nshinz3139
I still holding long 901 , 891 and added 8888 haha nice number...
Wow expected 8888 long is nice number !!
  • #61,720
  • Aug 6, 2013 12:31am Aug 6, 2013 12:31am
Quoting Pip Anon
{quote} AUDUSD first blasted after the crisis. Nothing that took it to those level are still around
The situations are different; in 2008, there's only downside. In 2013, bullish switching bearish indicating that it's not free-fall.
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