China’s Record New Credit Boosts Outlook for Economic Growth | Forex Factory

  • China’s Record New Credit Boosts Outlook for Economic Growth

    From bloomberg.com

    Record new credit in China in January will help the economy to maintain momentum while underscoring challenges for officials trying to limit the risk of financial turbulence from defaults and bad loans. Aggregate financing, the broadest measure of credit, was 2.58 trillion yuan ($425 billion), the People’s Bank of China said in a Feb. 15 statement. New local-currency lending was 1.32 trillion yuan, the highest level since 2010. Trust loans, under scrutiny because of default risks, were about half the level of a year earlier. The data add to better-than-forecast trade numbers, suggesting that China can limit the ... (full story)

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Aussi
Feb 16, 2014 6:48pm
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Quoting PA is King
Nice. I was wondering if we'd fill the gap and head back up.
new car sales might kill it for a while but you thinking like me I have 91 inmind but I will wait for a while kindest regards mate
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Aussi
Feb 16, 2014 8:53pm
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Quoting frx_trader
There is a saying, "If you are ahead, keep quiet". The thing is you keep bragging AU goes to 0.91 makes me believe either you don't profit or you don't make any trades. You are just too afraid of the market and wait for me to give you any hints.

There is no hints from me, I trade what I see, and try to be a good trader. And for you, you are just disappointing.
even the experts get it wrong
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traderathome
Feb 17, 2014 7:43am
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What the hell is "economic growth"?

What it is is this......

Print and dump a lot of money into the economy, i.e., get more and more people way the hell in debt, buying stuff they don't need, with money they don't own, to impress people they don't even like! And all the profits float to the super-rich at the top.

Why don't they just print it and mail it to the super-rich!?

Oh, that won't work so well, because it doesn't help put everyone else into financial bondage.
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PA is King
Feb 16, 2014 4:07pm
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Quoting Aussi
GAP
Who saw that coming???

.9100 next? I still have no reason to short a/u. More importantly, I see no reason for the USD to strengthen anytime soon unless the RBA or FOMC come out with a surprise statement.
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PA is King
Feb 16, 2014 8:07pm
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Quoting Aussi
waited to long

You know, even bad news doesn't keep the a/u down...that was CLEAR last week on their bad jobs data! Another week, another rally.

I actually see .9200 or maybe even .9300 at the next target on a/u...not sure it will happen this week, but it's been going up about 200pips each week the past 3 weeks.
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PA is King
Feb 16, 2014 8:28pm
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Quoting frx_trader
There is a saying, "If you are ahead, keep quiet". The thing is you keep bragging AU goes to 0.91 makes me believe either you don't profit or you don't make any trades. You are just too afraid of the market and wait for me to give you any hints.

There is no hints from me, I trade what I see, and try to be a good trader. And for you, you are just disappointing.

Somebody is upset they were wrong about .8600 on a/u.
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PA is King
Feb 16, 2014 8:29pm
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Quoting Aussi
reserve bank news in the morning its going to be interesting what they going to say ,they must be pulling there hair out

Yep. As mentioned before, unless they say something about .8500 again...or the FOMC says something surprising, it should continue up.
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PA is King
Feb 16, 2014 9:36pm
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Quoting frx_trader
This shows that you are not a trader. A trader don't get upset when they are wrong; and don't brag when they are right.

By your own definition...technically you are not a trader since you seem a bit upset about being wrong a/u not going short and reaching your .8600. You're going to have to let go and move past your losing trade at some point, best of luck to you.
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PA is King
Feb 16, 2014 10:01pm — Edited
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Quoting frx_trader
A trader respects other traders and their trading positions. That's an unwritten rule. Should I call you ......?

Hey man, I tried to help you a couple weeks ago by saying the a/u was going up and that short probably wasn't the way to go. Then I said it again last week...again, trying to help. Then this week you start out antagonizing me??? Good luck to you sir.
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PA is King
Feb 17, 2014 3:30pm
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Quoting Slurp
Greets buddy, im just wondering why are you so convinced that au is so bullish. I remember you were talking about higher highs / higher lows, but you should check 4h and daily tf, unless youre a scalper. Price never closed above 90.86, not even tested that "higher high". So the logical thing to do is wait and see what price will do IF it gets there, and be bullish afterwards. Of course there are other things more important than these if you wanna trade price action, and in my charts and views most of these yell "sell!"

Im neither a bull nor a...

Sounds like you do your homework...well, almost! If you did, you would have read some of my previous posts where I say I mostly trade from the 1hr chart.

As for your 4hr chart, I do see the possibility of a top...however, we don't have a lower low. Let me know when price gets below .8900 and then I'll start looking for shorts. Jan 31st, Feb. 4th, Feb. 5th, Feb. 10th, Feb. 13th...all higher lows/pullbacks...it's all on the charts. Cheers!
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frx_trader
Feb 16, 2014 8:13pm
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Quoting PA is King
You know, even bad news doesn't keep the a/u down...that was CLEAR last week on their bad jobs data! Another week, another rally.
There is a saying, "If you are ahead, keep quiet". The thing is you keep bragging AU goes to 0.91 makes me believe either you don't profit or you don't make any trades. You are just too afraid of the market and wait for me to give you any hints.

There is no hints from me, I trade what I see, and try to be a good trader. And for you, you are just disappointing.
Reply
frx_trader
Feb 16, 2014 9:19pm
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Quoting PA is King
Somebody is upset they were wrong about .8600 on a/u.
This shows that you are not a trader. A trader don't get upset when they are wrong; and don't brag when they are right.
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frx_trader
Feb 16, 2014 9:50pm
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Quoting PA is King
By your own definition...technically you are not a trader since you seem a bit upset about being wrong a/u not going short and reaching your .8600. You're going to have to let go and move past your losing trade at some point, best of luck to you.
A trader respects other traders and their trading positions. That's an unwritten rule. Should I call you ......?
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frx_trader
Feb 16, 2014 10:32pm
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Quoting PA is King
Hey man, I tried to help you a couple weeks ago by saying the a/u was going up and that short probably wasn't the way to go. Then I said it again last week...again, trying to help. Then this week you start out antagonizing me??? Good luck to you sir.
You and I provide different views. One of us is correct. That's Forex. It either goes up or down or sideways.

We may have the same views next time, but don't count on it. It's not you that I want to beat. We all have the same purpose, trying to beat the market with favorable odds.

We take pride of beating the market and not other traders.
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Aussi
Feb 16, 2014 3:48pm
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GAP
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Aussi
Feb 16, 2014 4:28pm
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niceeeeeeeeeeeeeee
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Aussi
Feb 16, 2014 4:29pm
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took short at open to 9040 to cover to close the gap
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Aussi
Feb 16, 2014 7:31pm
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waited to long
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Aussi
Feb 16, 2014 8:11pm
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reserve bank news in the morning its going to be interesting what they going to say ,they must be pulling there hair out
Reply
Aussi
Feb 16, 2014 9:30pm
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Quoting frx_trader
This shows that you are not a trader. A trader don't get upset when they are wrong; and don't brag when they are right.
ouchhhhhhhhhh ,
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Aussi
Feb 16, 2014 10:19pm
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Pa is King only tries to help people I allways look at what he says even if I don't listen at times but fighting him over a few words makes it silly
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PA is King
Feb 16, 2014 6:39pm
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Quoting Aussi
took short at open to 9040 to cover to close the gap
Nice. I was wondering if we'd fill the gap and head back up.
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Slurp
Feb 17, 2014 2:25pm
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Quoting PA is King
You know, even bad news doesn't keep the a/u down...that was CLEAR last week on their bad jobs data! Another week, another rally.

I actually see .9200 or maybe even .9300 at the next target on a/u...not sure it will happen this week, but it's been going up about 200pips each week the past 3 weeks.
Greets buddy, im just wondering why are you so convinced that au is so bullish. I remember you were talking about higher highs / higher lows, but you should check 4h and daily tf, unless youre a scalper. Price never closed above 90.86, not even tested that "higher high". So the logical thing to do is wait and see what price will do IF it gets there, and be bullish afterwards. Of course there are other things more important than these if you wanna trade price action, and in my charts and views most of these yell "sell!"

Im neither a bull nor a bear. Ill be the first one to go long as soon as i see what i want to see. But honestly i cant see nothing bullish on that pair. I can only see a break on the daily UTL, but thats not enough by itself. If youre long i wish you good luck buddy.

Overall the medium/long trend on au is still bearish, nomatter what you and me say Its on the charts!

Cheers
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Slurp
Feb 17, 2014 4:05pm
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Quoting PA is King
Sounds like you do your homework...well, almost! If you did, you would have read some of my previous posts where I say I mostly trade from the 1hr chart.
lol why would i study your posts mate? Thats so funny!
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