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AUD/USD

  • #61,921
  • Aug 7, 2013 8:49pm Aug 7, 2013 8:49pm
asia will take it down and london will take it up i am beer for now
MY tp IS .8986

happy trading
Sean Patel
  • #61,922
  • Aug 7, 2013 8:50pm Aug 7, 2013 8:50pm
Quoting Yuchen
{quote} I think the unemployment rate is more important than the employment change, AU may plays back and forth between 0.8985 to 0.9035 for a while until other data comes out
I think the range will happen. You're probably right. You lose 10k jobs, but the rate goes down .1 hey economy is on the rebound
When the facts change I change my mind, what do you do sir
  • #61,923
  • Aug 7, 2013 8:51pm Aug 7, 2013 8:51pm
Quoting Yuchen
{quote} I think the unemployment rate is more important than the employment change, AU may plays back and forth between 0.8985 to 0.9035 for a while until other data comes out
maybe they round down the number to 5.7%
the actual number maybe somewhere 5.749999999%

lol...
  • #61,924
  • Aug 7, 2013 8:54pm Aug 7, 2013 8:54pm
Quoting HelloOz
{quote} maybe they round down the number to 5.7% the actual number maybe somewhere 5.749999999% lol...
and previous rate was maybe 5.65%.. rounded up to 5.7%

they should've reported the rate in 2 decimal points..
  • #61,925
  • Aug 7, 2013 8:54pm Aug 7, 2013 8:54pm
Quoting HelloOz
{quote} maybe they round down the number to 5.7% the actual number maybe somewhere 5.749999999% lol...
lol, should be 5.74444444444444%, if they round it up to 5.8% then AU should fall down to 0.8950 or lower.
  • #61,926
  • Aug 7, 2013 9:03pm Aug 7, 2013 9:03pm
Quoting Yuchen
{quote} lol, should be 5.74444444444444%, if they round it up to 5.8% then AU should fall down to 0.8950 or lower.

Hopefully
It's Designed and Balance
  • #61,927
  • Aug 7, 2013 9:04pm Aug 7, 2013 9:04pm
Quoting Yuchen
{quote} lol, should be 5.74444444444444%, if they round it up to 5.8% then AU should fall down to 0.8950 or lower.
we have china data shortly..
  • #61,928
  • Aug 7, 2013 9:04pm Aug 7, 2013 9:04pm
I say this pair is going down like two fat-bit3hes in an elevator.
The coincidental success is more dangerous than the expected failure
  • #61,929
  • Aug 7, 2013 9:05pm Aug 7, 2013 9:05pm
Quoting HelloOz
{quote} we have china data shortly..

china data should be out by now.. hmm...
  • #61,930
  • Aug 7, 2013 9:08pm Aug 7, 2013 9:08pm
AU unemployment seen as steady

http://www.businessspectator.com.au/...ds-steady-july
  • #61,931
  • Aug 7, 2013 9:11pm Aug 7, 2013 9:11pm
Quoting Surgical
AU unemployment seen as steady http://www.businessspectator.com.au/...ds-steady-july
Only given the rate. The previous 10K last month was revised down. only 500K jobs added in last three months if you include the revision down.
When the facts change I change my mind, what do you do sir
  • #61,932
  • Aug 7, 2013 9:18pm Aug 7, 2013 9:18pm
Quoting Neqrotik
I say this pair is going down like two fat-bit3hes in an elevator.
Appears to be recovering to me......however, CNY data to come yet.
  • #61,933
  • Aug 7, 2013 9:18pm Aug 7, 2013 9:18pm
has china data been leaked
  • #61,934
  • Aug 7, 2013 9:21pm Aug 7, 2013 9:21pm
Quoting samirs
has china data been leaked
Not yet and they always release at the times that most traders do not realized...
  • #61,935
  • Aug 7, 2013 9:22pm Aug 7, 2013 9:22pm
I dont even know why Chinese data not from a third party even matters.
When the facts change I change my mind, what do you do sir
  • #61,936
  • Aug 7, 2013 9:24pm Aug 7, 2013 9:24pm
Quoting Pip Anon
I dont even know why Chinese data not from a third party even matters.
Because some big traders of institutional banks take the advantage on it to move AUD as they have the inside information.
  • #61,937
  • Aug 7, 2013 9:26pm Aug 7, 2013 9:26pm
Quoting Yuchen
{quote} Because some big traders of institutional banks take the advantage on it to move AUD as they have the inside information.
If they want to move it they could. No need for fake info. CNY data is almost always better than third party data
When the facts change I change my mind, what do you do sir
  • #61,938
  • Aug 7, 2013 9:40pm Aug 7, 2013 9:40pm
http://www.investing.com/news/econom...ectedly-251180

Seems China trade balance was already released and it fell to 0.00, but it was 40 mins ago.
  • #61,939
  • Aug 7, 2013 9:43pm Aug 7, 2013 9:43pm
Hmm. So it printed red then.
The coincidental success is more dangerous than the expected failure
  • #61,940
  • Aug 7, 2013 9:45pm Aug 7, 2013 9:45pm
Quoting Yuchen
http://www.investing.com/news/econom...ectedly-251180 Seems China trade balance was already released and it fell to 0.00, but it was 40 mins ago.
Perhaps this was the real reason for the negative spike?

If the CNY data is so bad, the AUD should be plummeting.

This is bizarre.
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