Disliked{quote} unfortunately bbecause of the bad debt exposure China has, PBOC has repped up regulation on chinese banks forcing them to recapitalise of bad debts. Another thing, China's increase of signing loans for SME and startups, does not directly affect the AUD economy Chinese banks giving out chinese loans is domestic investment, nothing to do with the balance of tradde... Remember theGDP formula? C+I+G+(X-M)) only tthing that affects australia is the (x-M) component, which has been shrinking. so how has china maintained its growth rate? by chinese...Ignored
- #68,362
- Oct 23, 2013 12:45am Oct 23, 2013 12:45am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
I believe we may see bounce from the 9635-9600 area for a continuation higher. Before you bears who already have or might be waking up from hibernation/denial or a good old fashioned bending over don't jump down my throat, it's just my opinion.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #68,364
- Oct 23, 2013 12:48am Oct 23, 2013 12:48am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #68,370
- Oct 23, 2013 1:29am Oct 23, 2013 1:29am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #68,371
- Oct 23, 2013 1:30am Oct 23, 2013 1:30am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #68,374
- Oct 23, 2013 1:37am Oct 23, 2013 1:37am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #68,377
- Oct 23, 2013 2:54am Oct 23, 2013 2:54am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #68,378
- Oct 23, 2013 3:01am Oct 23, 2013 3:01am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #68,379
- Oct 23, 2013 3:09am Oct 23, 2013 3:09am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} Mission complete. Now we have to decide if the retracement is over or not. Most pairs appear to be at the end of their retracements. USD appears to be ready to head North again.?? Ozzie pullback is ripe for the picking. below 0.95 & we head South with a vengeance. {image} {image}
...but we have to get below 95 first. Till then, hold on.
The good news for the bears will be a close at or below current levels which will confirm an outside day reversal. If tomorrow is also a down day, then the bears are pretty much back in the game while the retail crowd starts trying to pick the bottom... as always.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.20 as 46% of traders are long. Yesterday the ratio was -1.43; 41% of open positions were long. Long positions are 3.1% higher than yesterday and 6.9% below levels seen last week. Short positions are 13.7% lower than yesterday and 12.9% below levels seen last week. Open interest is 6.8% lower than yesterday and 4.4% below its monthly average. The trading crowd has grown less net-short from yesterday and last week.
Those who say it cannot be done should not interrupt those who are doing it