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AUD/USD

  • #67,461
  • Oct 13, 2013 9:49am Oct 13, 2013 9:49am
Quoting KickAss
Please shed some light on the pair AUD/NZD
Let it retest support one more time and I would stay long for a month on this one.

All TF's are showing a bounce long................
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  • #67,462
  • Oct 13, 2013 9:52am Oct 13, 2013 9:52am
Quoting Ssm
{quote} With due respect, I see it differently. Export reductions are affected by slowing global demand for consumer goods manufactured in China. Many of the manufacturing businesses in China are moving out to places like Vietnam and Cambodia. This is because labour cost in China are no longer cheap as compared to before. I recently went to China to do a business feasibility study and realised that the cost of living has increased compared to 10 years ago when I was an expat there.[b] At this moment, Chinese state government are still aggressively...
Buddy THAT is exactly what i mean by Domestic Investment....

do you know economics??
What determines GDP??

GDP= C+I+G+(X-M)
C= Domestic Consumption
I= Investments
G= Government Expenditure
X-M = Trade Balance....

If Trade Balance Dropped this adds pressure on China's GDP regardless... that is why they have to ramp up the government expenditure to keep the economy's growth up..... but this is all done domestically... not growth by trade... and that is exactly my point that china is backing off from trading abroad.

As for Where china gets their resources... buddy China doesnt need to trade with Australia. China has abundant reserves of Iron ore and coal, the only reason why they trade with Australia is because they want to exploit something called Competitive Advantage which Australia displayed in the production of raw materials... but make no mistake China has the absolute advantage in that... they dont really need to trade with Australia.
We live in a finite world with infinite possibilities.
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  • #67,463
  • Oct 13, 2013 10:36am Oct 13, 2013 10:36am
What do you think about AUD/USD at the open?

Thx
  • #67,464
  • Oct 13, 2013 11:40am Oct 13, 2013 11:40am
There is a good chance it will go up and an equally good chance it will go down.

Check dailyfx.com as it shows Sunday price movements.
  • #67,465
  • Oct 13, 2013 11:47am Oct 13, 2013 11:47am
Everyone is over looking the huge amount of imports which most likely means Aus's exports went up. Therefore positive for aus/usd but again this is forex and half the time basic economics makes no sense, I am long aud/nzd for the long haul. As alien stated above
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  • #67,466
  • Oct 13, 2013 1:26pm Oct 13, 2013 1:26pm
Quoting jimi
What do you think about AUD/USD at the open? Thx
I found this one http://www.xe.com/currencycharts/?from=AUD&to=USD
  • #67,467
  • Oct 13, 2013 1:27pm Oct 13, 2013 1:27pm
Nice gap down 0,9410...
The good thing with the future is that it is progressively approaching...
  • #67,468
  • Oct 13, 2013 1:28pm Oct 13, 2013 1:28pm
http://www.bloomberg.com/quote/AUDUSD:CUR
  • #67,469
  • Oct 13, 2013 2:22pm Oct 13, 2013 2:22pm
Quoting spinozagr
Nice gap down 0,9410...
Why am i not surprised about the Gap down... oh yea china trade balance gona put pressure on China GDP this week... we shall see...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #67,470
  • Oct 13, 2013 2:41pm Oct 13, 2013 2:41pm
Quoting forexalien
{quote} Let it retest support one more time and I would stay long for a month on this one. All TF's are showing a bounce long................ {image}
Fxalien,
What support level you got? You thinking a retest of 1.13?I've 1.1350 as a low possibly 1.1330.
  • #67,471
  • Oct 13, 2013 3:31pm Oct 13, 2013 3:31pm
I will buy on market open
  • #67,472
  • Oct 13, 2013 3:33pm Oct 13, 2013 3:33pm
Quoting netera
I will buy on market open
i guess you want to fill the gap?? lol buddy dont always trust gaps to be closed...
look at the gap down at 0.88 that caught everybody shorting offguard....
We live in a finite world with infinite possibilities.
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  • #67,473
  • Oct 13, 2013 3:55pm Oct 13, 2013 3:55pm
Quoting netera
I will buy on market open
Whats your rationale buying at this level?
  • #67,474
  • Oct 13, 2013 3:57pm Oct 13, 2013 3:57pm
Quoting edindzeko
{quote} Whats your rationale buying at this level?
probably want to fill the weekend gap....
We live in a finite world with infinite possibilities.
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  • #67,475
  • Oct 13, 2013 4:09pm Oct 13, 2013 4:09pm
remember this chat i posted? well if AUDUSD going to move accordingly to my charts it'll be this week.
the gap down after last week's tight range is some sort of confirmation for me that we are going to move accordingly..
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We live in a finite world with infinite possibilities.
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  • #67,476
  • Oct 13, 2013 4:09pm Oct 13, 2013 4:09pm
Wouldn't go long until it's good above 9435.
  • #67,477
  • Oct 13, 2013 4:10pm Oct 13, 2013 4:10pm
Quoting fxtyrant
{quote} probably want to fill the weekend gap....
On Thursday and Friday we got a head and shoulders pattern. The "gap" down reached the measured target so now it's time for a bounce.
Will it fill the gap? Well the real question is... Is there really a gap?

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Those who say it cannot be done should not interrupt those who are doing it
  • #67,478
  • Oct 13, 2013 4:11pm Oct 13, 2013 4:11pm
Quoting fxtyrant
remember this chat i posted? well if AUDUSD going to move accordingly to my charts it'll be this week. {image}
tottaly agree although i am not sure if this will happen this week..
The good thing with the future is that it is progressively approaching...
  • #67,479
  • Oct 13, 2013 4:18pm Oct 13, 2013 4:18pm
Quoting PipTrapper
{quote} On Thursday and Friday we got a head and shoulders pattern. The "gap" down reached the measured target so now it's time for a bounce. Will it fill the gap? Well the real question is... Is there really a gap? {image}
Well the Real answer is no theres no gap... im looking at the interbank brokerage bid/offer on TR eikon and no theres no gap... but wow they hurried a 50 pip down move in the 1st hour of the interbank market open....
We live in a finite world with infinite possibilities.
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  • #67,480
  • Oct 13, 2013 4:25pm Oct 13, 2013 4:25pm
Quoting fxtyrant
{quote} Well the Real answer is no theres no gap... im looking at the interbank brokerage bid/offer on TR eikon and no theres no gap... but wow they hurried a 50 pip down move in the 1st hour of the interbank market open....
Correct. There is no gap in the interbank market. If there was, it would have been visible on the chart I posted, and it clearly isn't

By the way, that quick move down was in almost zero volume in an illiquid market, so I class it as MM re-pricing. Nothing else. Hence, the "fill the gap" prophecy will likely be fulfilled.
Those who say it cannot be done should not interrupt those who are doing it
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