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AUD/USD

  • #70,661
  • Dec 13, 2013 12:44pm Dec 13, 2013 12:44pm
Quoting forexvegan
{quote} Can you stop talking please. Your not helping anyone. Appreciate it.
okay. but today a deal to sell worked. I put a stop-loss in profit always. I think a lot of it will help. get small amounts. Observe management. look at the daily chart, the price is clamped on the sale and seen the potential fall of the Australian dollar.
  • #70,662
  • Dec 13, 2013 12:45pm Dec 13, 2013 12:45pm
day chart
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  • #70,663
  • Dec 13, 2013 12:49pm Dec 13, 2013 12:49pm
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  • #70,664
  • Edited 2:15pm Dec 13, 2013 1:16pm | Edited 2:15pm
Quoting AlbertR
{quote} okay. but today a deal to sell worked. I put a stop-loss in profit always. I think a lot of it will help. get small amounts. Observe management. look at the daily chart, the price is clamped on the sale and seen the potential fall of the Australian dollar.

I think you are going to have to limit the number of posts you make. More than a handful of posts without someone else on the other side of the conversation is annoying to other users. Collect your thoughts and put it in a single post instead of many posts. Good luck.
  • #70,665
  • Dec 13, 2013 10:33pm Dec 13, 2013 10:33pm
Quoting tony95
{quote} I think you are going to have to limit the number of posts you make. More than a handful of posts without someone else on the other side of the conversation is annoying to other users. Collect your thoughts and put it in a single post instead of many posts. Good luck.
agreed to you tony95 and hope albert will get your message...
  • #70,666
  • Dec 13, 2013 10:42pm Dec 13, 2013 10:42pm
according to me, falling audusd yesterday which is based on steven's word must taken carefully because words without any action is useless and otherwise it may make audusd to bounce higher soon after fed decide not to taper on december... so we must watch it carefully
i guess fed will not taper this december as in my opinion that they will seek another clue through january ahead next year

happy weekend all
  • #70,667
  • Dec 14, 2013 2:15am Dec 14, 2013 2:15am
Buoyant
Australia’s slowing economy needs its floating exchange rate more than ever
Dec 14th 2013 | From the print edition

THIRTY years ago this week, Australia took a big economic gamble. On December 12th 1983 Paul Keating, then treasurer (finance minister), decided to float the Australian dollar.
http://cdn.static-economist.com/site...214_FNC025.png
Ordinary Australians have lived with the highs and the lows of this decision ever since. In its first 20 years afloat, the dollar’s value closely followed the prices of the commodities Australia exports (see chart). But around 2003 they suddenly diverged. Over the next eight years commodity prices quadrupled; the dollar rose by much less. It no longer “has any day-to-day relationship to commodity prices”, according to Ric Deverell of Credit Suisse, a bank.

Since commodity prices starting dropping in mid-2011, the dollar has proved resilient. The prices of Australia’s commodity exports have fallen by 27% on average since then, but the dollar has lost only about 10% of its value, in part because Australian interest rates are now higher than those in many other rich countries. The dollar’s slight fall may not boost other sectors enough to overcome slumping mining investment: GDP growth has fallen by half since last year. The central bank says a lower exchange rate is “needed” to avoid recession.Financial globalisation has helped wean the dollar off its link to commodities. The Australian and American dollars are now the fourth-most-traded currency pairing in the world, accounting for 7% of the global foreign-exchange market. As a consequence, interest-rate differentials—and a ballooning current-account deficit peaking at 6.2% of GDP in 2007—helped to stop the Australian dollar from soaring. This was a good thing: if it had increased as much as commodity prices, much of Australia’s industry would have been destroyed.
A banker once said, “Currencies do not float, they sink at different rates.” Australians must be hoping theirs will submerge faster than most.

http://www.economist.com/news/financ...fsrc=rss%7Cfec
  • #70,668
  • Dec 14, 2013 2:44am Dec 14, 2013 2:44am
Statement by Governor of the Reserve Bank of Australia Governor Glenn Stevens also put pressure on the Australian dollar. He said he expects the fall of the Australian dollar to 0.85 U.S. dollars.
  • #70,669
  • Dec 14, 2013 2:58am Dec 14, 2013 2:58am
I made a new technical analysis. very strong bearish trend. turn point in the range of 0.93. be careful with purchases of the Australian dollar. This currency can greatly fall.
in 2008 and 2009, the Australian dollar fell to 0.6xx
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  • #70,670
  • Dec 14, 2013 3:03am Dec 14, 2013 3:03am
Quoting kingkong80
according to me, falling audusd yesterday which is based on steven's word must taken carefully because words without any action is useless and otherwise it may make audusd to bounce higher soon after fed decide not to taper on december... so we must watch it carefully i guess fed will not taper this december as in my opinion that they will seek another clue through january ahead next year happy weekend all
But don`t you think he(Stevens) has given out a hint on the next most likely line of action for the RBA;he`s the helms man remember and as as such has more control over the value of the oz more than any one else on earth. be reminded that SNB governor acted as thus in 2011,putting a cap on the Swissie vs the Euro and we know what happened to that pair and is still happening. if you are long the oz,depending on the lifetime you`ve stipulated for your long,you can make money,but if you are looking to long at a swing to medium term lifetime...then you need to recall that betting against a Central Bank is a systemic financial suicide.
  • #70,671
  • Dec 14, 2013 7:19am Dec 14, 2013 7:19am
and HEAD & SHOULDERS. VERY BIG DROP BEGIN?
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  • #70,672
  • Dec 14, 2013 7:43am Dec 14, 2013 7:43am
RECOMMENDATION - aggressively sell. range - 0.9080-0.9175. breakout of this range - a figure break. first target - 0.8500 and below.
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  • #70,673
  • Dec 15, 2013 6:39am Dec 15, 2013 6:39am
Does anyone know the current price for aud usd? Is the gap up or down ?
Faith ends where worry begins, and worry ends where faith begins.
  • #70,674
  • Dec 15, 2013 6:42am Dec 15, 2013 6:42am
Quoting forexvegan
Does anyone know the current price for aud usd? Is the gap up or down ?
http://forex.tradingcharts.com/quotes/Maj_crosses.html
  • #70,675
  • Dec 15, 2013 7:47am Dec 15, 2013 7:47am
Quoting forexvegan
Does anyone know the current price for aud usd? Is the gap up or down ?
Why is there a gap? There are no news release over the weekend.
The true fact is market doesn't care, risk mgt is important.
  • #70,676
  • Dec 15, 2013 8:18am Dec 15, 2013 8:18am
Quoting forexvegan
Does anyone know the current price for aud usd? Is the gap up or down ?
Do it have gap before market opens????
  • #70,677
  • Dec 15, 2013 8:20am Dec 15, 2013 8:20am
I think we didn't see any gap
  • #70,678
  • Dec 15, 2013 11:00am Dec 15, 2013 11:00am
.8955 at this time

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The More You Learn, The More You Earn.....
  • #70,679
  • Dec 15, 2013 12:54pm Dec 15, 2013 12:54pm
Quoting Hotkqash
{quote} But don`t you think he(Stevens) has given out a hint on the next most likely line of action for the RBA;he`s the helms man remember and as as such has more control over the value of the oz more than any one else on earth. be reminded that SNB governor acted as thus in 2011,putting a cap on the Swissie vs the Euro and we know what happened to that pair and is still happening. if you are long the oz,depending on the lifetime you`ve stipulated for your long,you can make money,but if you are looking to long at a swing to medium term lifetime...then...

I agree that odds are the Fed will not taper in December, but that won't stop AUD from going lower.
  • #70,680
  • Dec 15, 2013 3:54pm Dec 15, 2013 3:54pm
Quoting AlbertR
I made a new technical analysis. very strong bearish trend. turn point in the range of 0.93. be careful with purchases of the Australian dollar. This currency can greatly fall. in 2008 and 2009, the Australian dollar fell to 0.6xx {image}
your charts and postings are not neutral as they could be, totally bearish you havenīt draw a single one of the ascending TLīs from 2008/2009
furthermore when you consider that last weekly close is above the acending TL from low may 2010 and the low aug 2012 there is a short term possibility for a
pullback in the area 0.92xx-0.9300 to build a barrier triangle or or or.

no offence but there should be always a plan B in your vision!
just do it
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