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AUD/USD

  • #62,061
  • Aug 8, 2013 8:47pm Aug 8, 2013 8:47pm
Quoting Mozzy
{quote} Jack this shit up alright, look at it go!
It's just silliness. Think I'll just go back to futures and options. It's so nonsensical. Fundamentally, not really even technically, should we see this. Yesterday all the rage was Aussie pop on China data. Data today was crap and well..

No other pairs are moving
When the facts change I change my mind, what do you do sir
  • #62,062
  • Aug 8, 2013 8:48pm Aug 8, 2013 8:48pm
I am waiting for spike down any time now
Sean Patel
  • #62,063
  • Aug 8, 2013 8:51pm Aug 8, 2013 8:51pm
Quoting Pip Anon
{quote} It's just silliness. Think I'll just go back to futures and options. It's so nonsensical. Fundamentally, not really even technically, should we see this. Yesterday all the rage was Aussie pop on China data. Data today was crap and well.. No other pairs are moving
all we can say is low CPI number from CHina gives their govt room for more stimulus..
  • #62,064
  • Aug 8, 2013 8:54pm Aug 8, 2013 8:54pm
Quoting Ssm
{image} Levels nicely done, currently resisted by .9130. China data today will be interesting.
PA still resisted by this line. Look at the rejection when it touches or come close to this level. It just bounce off.
The true fact is market doesn't care, risk mgt is important.
  • #62,065
  • Aug 8, 2013 8:55pm Aug 8, 2013 8:55pm
Quoting HelloOz
{quote} all we can say is low CPI number from CHina gives their govt room for more stimulus..
Also creates more probability for a credit bubble
When the facts change I change my mind, what do you do sir
  • #62,066
  • Aug 8, 2013 8:57pm Aug 8, 2013 8:57pm
trades by asia night!!!
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  • #62,067
  • Aug 8, 2013 8:58pm Aug 8, 2013 8:58pm
Quoting Pip Anon
{quote} Also creates more probability for a credit bubble
Lol.. "if it doesnt burst, its not bubble" they said
  • #62,068
  • Aug 8, 2013 8:59pm Aug 8, 2013 8:59pm
Quoting HelloOz
{quote} Lol.. "if it doesnt burst, its not bubble" they said
Apparently. No one gives a shite while they're getting rich until the problem they ignore makes them poor
When the facts change I change my mind, what do you do sir
  • #62,069
  • Aug 8, 2013 9:06pm Aug 8, 2013 9:06pm
Quoting HelloOz
{quote} all we can say is low CPI number from CHina gives their govt room for more stimulus..
I agree. In the course of my work, I have frequently been to China as part of my country trade expedition team for many years. Indeed, there are still rooms for growth and improvements and the Chinese govt can do more. Imagine majority of the Chinese are still living in the rurals and self-sufficient farms. Farming methods are conservative by far not using any machinery. Once fully urbanized and industralised, internal consumption will be more than enough to feed their industries.
The true fact is market doesn't care, risk mgt is important.
  • #62,070
  • Aug 8, 2013 9:13pm Aug 8, 2013 9:13pm
Quoting Ssm
{quote} I agree. In the course of my work, I have frequently been to China as part of my country trade expedition team for many years. Indeed, there are still rooms for growth and improvements and the Chinese govt can do more. Imagine majority of the Chinese are still living in the rurals and self-sufficient farms. Farming methods are conservative by far not using any machinery. Once fully urbanized and industralised, internal consumption will be more than enough to feed their industries.
That's great. The problem is the market is looking for them to do it overnight.
When the facts change I change my mind, what do you do sir
  • #62,071
  • Aug 8, 2013 9:21pm Aug 8, 2013 9:21pm
Quoting Pip Anon
{quote} That's great. The problem is the market is looking for them to do it overnight.
Nay, all these years, the govt are still having great difficulties to force the people out of their homes to cities. Done and tried that even with monetary rewards but nay.

Anyway, looking at charts..... my charts posted yesterday and today are still valid and resisted by the line.

http://i1116.photobucket.com/albums/...ps8ee1b0ff.jpg
The true fact is market doesn't care, risk mgt is important.
  • #62,072
  • Aug 8, 2013 9:31pm Aug 8, 2013 9:31pm
Quoting Ssm
{quote} Nay, all these years, the govt are still having great difficulties to force the people out of their homes to cities. Done and tried that even with monetary rewards but nay. Anyway, looking at charts..... my charts posted yesterday and today are still valid and resisted by the line. {image}
I know. They won't force people unless they physically force them.

What I am saying is China is trying to pay for massive expansion with cheap money. And the market panics when China doesn't grow 11% a year. China is a huge country with a huge population.
When the facts change I change my mind, what do you do sir
  • #62,073
  • Aug 8, 2013 9:33pm Aug 8, 2013 9:33pm
Quoting Pip Anon
{quote} I know. They won't force people unless they physically force them. What I am saying is China is trying to pay for massive expansion with cheap money. And the market panics when China doesn't grow 11% a year. China is a huge country with a huge population.
Interviewed with a Hedge Fund in Connecticut early today and during the interview we talked about the subsequent rally post explosive price action and announcements. Apparently copper rallied a hell of a lot as well from what they were telling me today. So pretty much a broad asset move based on positive outlook despite not so good data.
The coincidental success is more dangerous than the expected failure
  • #62,074
  • Aug 8, 2013 9:38pm Aug 8, 2013 9:38pm
Quoting Neqrotik
{quote} Interviewed with a Hedge Fund in Connecticut early today and during the interview we talked about the subsequent rally post explosive price action and announcements. Apparently copper rallied a hell of a lot as well from what they were telling me today. So pretty much a broad asset move based on positive outlook despite not so good data.
I think it is just a matter of people want to believe the world's boo boo is all better. It's getting a little better, but I find it highly skeptical that assets are at all-time highs on this kind of data when we assume it will get better. The data is the data. IDK. I know a lot has to do with cheap money, but like I mentioned to Mozzy, nobody cares until it starts effecting their p/ls. I remember pre-China slowdown they were hoarding commodities. Buying that shite up and than they went to 6-7% GDP. And the government expects slower GDP for a while.

I mean I guess it's different when you have a billion and do whatever you want.
When the facts change I change my mind, what do you do sir
  • #62,075
  • Aug 8, 2013 10:54pm Aug 8, 2013 10:54pm
All i can sa is that this pair is really messed up
The fragrance remains in the hands of those that gves the rose
  • #62,076
  • Aug 8, 2013 11:09pm Aug 8, 2013 11:09pm
Quoting okosodo
All i can sa is that this pair is really messed up
I think its been messed up for at least 6 weeks. This rally is nothing new.

This pair is probably one of the most heavily manipulated pairs along with USDJPY.
  • #62,077
  • Aug 8, 2013 11:11pm Aug 8, 2013 11:11pm
Quoting Pip Anon
{quote} I think it is just a matter of people want to believe the world's boo boo is all better. It's getting a little better, but I find it highly skeptical that assets are at all-time highs on this kind of data when we assume it will get better. The data is the data. IDK. I know a lot has to do with cheap money, but like I mentioned to Mozzy, nobody cares until it starts effecting their p/ls. I remember pre-China slowdown they were hoarding commodities. Buying that shite up and than they went to 6-7% GDP. And the government expects slower GDP...
What happens when China joins the party of easy money? Their easing is around the corner.
  • #62,078
  • Aug 8, 2013 11:13pm Aug 8, 2013 11:13pm
Quoting edindzeko
{quote} I think its been messed up for at least 6 weeks. This rally is nothing new. This pair is probably one of the most heavily manipulated pairs along with USDJPY.

But six weeks ago it was predicted, but now nobody seems to have any idea of what is happening
The fragrance remains in the hands of those that gves the rose
  • #62,079
  • Aug 8, 2013 11:22pm Aug 8, 2013 11:22pm
USD is going bouncing back that mean AUD id going down
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Sean Patel
  • #62,080
  • Aug 8, 2013 11:24pm Aug 8, 2013 11:24pm
Quoting Trade Master
USD is going bouncing back that mean AUD id going down {image}

All i am seeing here is a long
The fragrance remains in the hands of those that gves the rose
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