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AUD/USD

  • #72,361
  • Feb 6, 2014 11:56am Feb 6, 2014 11:56am
Quoting tony95
I am going to go ahead and put a short in near the high. I do not know if this level will hold, if not it will probably go 0.9020 cash FX and then I think shorts will be able to take control from there. R/R is too good not to at least attempt a tiny short

Out at BE. Actually, I made a nickel, . I think it is going to push through resistance. Bulls don't seem to be giving up. Good luck
  • #72,362
  • Feb 6, 2014 3:51pm Feb 6, 2014 3:51pm
Anyone have any thoughts about today's RBA Monetary Policy Statement?

Will they express concerns about inflation?
  • #72,363
  • Feb 6, 2014 4:51pm Feb 6, 2014 4:51pm
Not sure what it will say but I am looking for fast pips either way
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  • #72,364
  • Feb 6, 2014 5:17pm Feb 6, 2014 5:17pm
Quoting Ken A
Not sure what it will say but I am looking for fast pips either way {image}
Hey Ken, well i think we could expect the infamous statement where aud/usd needs to be at .85. We're going down from here imo.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #72,365
  • Feb 6, 2014 5:26pm Feb 6, 2014 5:26pm
Quoting 110101
{quote} Hey Ken, well i think we could expect the infamous statement where aud/usd needs to be at .85. We're going down from here imo.
how many times has it tried to break 0.8977 area?
don't you think it will break out soon?

Wooooohooooo or Boooooohooooo
  • #72,366
  • Feb 6, 2014 5:28pm Feb 6, 2014 5:28pm
Quoting 110101
{quote} Hey Ken, well i think we could expect the infamous statement where aud/usd needs to be at .85. We're going down from here imo.
It could, I place stops everywhere
  • #72,367
  • Feb 6, 2014 5:30pm Feb 6, 2014 5:30pm
Quoting gnomoneey
{quote} how many times has it tried to break 0.8977 area? don't you think it will break out soon?
Does it have to?

I'm never right to the pip but direction in general for me would still be bearish just by what the charts present but if taking into account that rba wants a weaker aud is another + to me.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #72,368
  • Feb 6, 2014 5:37pm Feb 6, 2014 5:37pm
wait out for RBA Monetary Policy Statement to get a better perspective on the AUD. Coming up next!
  • #72,369
  • Feb 6, 2014 5:52pm Feb 6, 2014 5:52pm
Quoting Ken A
Not sure what it will say but I am looking for fast pips either way {image}
It would not surprise me if the Aud came crashing back down the same way it went rocketing up, I still stand by what I've been saying about the price was run up into a stop loss and buy order rich area, who would gain from that and who has the power to move the price so high?

RBA Rate Statement wasn't so wonderful all around and retail sales were down from last time, and isn't China still slowing down also, Aud biggest trade partner?

In any case I'm having a hard time believing everything is fine in the land down under.
  • #72,370
  • Feb 6, 2014 6:08pm Feb 6, 2014 6:08pm
Quoting irongoose
{quote} It would not surprise me if the Aud came crashing back down the same way it went rocketing up, I still stand by what I've been saying about the price was run up into a stop loss and buy order rich area, who would gain from that and who has the power to move the price so high? RBA Rate Statement wasn't so wonderful all around and retail sales were down from last time, and isn't China still slowing down also, Aud biggest trade partner? In any case I'm having a hard time believing everything is fine in the land down under.
think we have to see 91xx before 85xx but 88xx before 91xx
if 90xx prints before 88xx it will probably be a flash print on today's news maybe?
i will be leaving offers above 90xx for today's news
just my best guess, who knows
  • #72,371
  • Feb 6, 2014 6:17pm Feb 6, 2014 6:17pm
Quoting eurusd_trade
{quote} think we have to see 91xx before 85xx but 88xx before 91xx if 90xx prints before 88xx it will probably be a flash print on today's news maybe? i will be leaving offers above 90xx for today's news just my best guess, who knows
I hear you.
  • #72,372
  • Feb 6, 2014 6:24pm Feb 6, 2014 6:24pm
I'm not trading this news announcement.
  • #72,373
  • Feb 6, 2014 6:36pm Feb 6, 2014 6:36pm
I'll let the gurus chew on this news announcement until London. Will trade then.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #72,374
  • Feb 6, 2014 6:36pm Feb 6, 2014 6:36pm
No punch

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  • #72,375
  • Feb 6, 2014 6:37pm Feb 6, 2014 6:37pm
Quoting calderone
I'm not trading this news announcement.
Damn I would have been alright. lol
  • #72,376
  • Feb 6, 2014 6:52pm Feb 6, 2014 6:52pm
<p>
Quoting Ken A
No punch {image}
</p>
<p></p>

No punch Maybe due to this...
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Peace Yo!
  • #72,377
  • Feb 6, 2014 6:54pm Feb 6, 2014 6:54pm
Not anytime soon for E/A unless A/U back down below .8950.
  • #72,378
  • Feb 6, 2014 6:57pm Feb 6, 2014 6:57pm
Summary of main points:

  1. Raises GDP growth and inflation forecasts after the AUD decline
  2. Period of stability in rates likely given current outlook on prices, activity
  3. Further signs very stimulatory policy working
  4. Sees underlying inflation near top of band by mid-2014 before slowing toward 2.5%
  5. Forecasts GDP growth 2.75% mid-2014, 2.25-3.25 end 2014, 3-4 end 2015, 3-4.5 mid-2016
  6. Forecasts underlying inflation at 3% mid-2014, 2.25-3.25 to mid-2015, 2-3 pct after
  7. Inflation to ease later in 2014 given slow wage growth, limited domestic cost pressure
  8. Reasons for pick up in inflation unclear, could be AUD, wider margins, statistical “noise”
  9. Lower AUD could add around 0.5% to underlying inflation in both 2014 and 2015
  10. AUD is around 12% lower than in May 2013, if sustained that would add to growth over 2014
  11. RBA sees pick up in home building, consumer spending, business sentiment
  12. Unemployment rate to edge higher over coming year, begin to decline in 2015
  13. Mining investment still expected to decline rapidly over next few years
  14. Rising resource export volumes to add significantly to growth, LNG to boost GDP from 2015116
  15. The outlook for Australian government spending is very weak for next few years
  16. The risks to global economic outlook are balanced, some upside for US. and downside for Europe
  17. http://www.forexlive.com/blog/2014/0...february-2014/

  • #72,379
  • Feb 6, 2014 7:01pm Feb 6, 2014 7:01pm
Here is my graph today for AU. I'm expecting bearish movement in h4 chart.
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  • #72,380
  • Feb 6, 2014 7:03pm Feb 6, 2014 7:03pm
short at 8955, could see support here at 3x, i'll take +20
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