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AUD/USD

  • #78,761
  • Jun 5, 2014 8:32am Jun 5, 2014 8:32am
Carry trade rejuvenated
If the ECB adopts a quantitative easing policy and enters a negative deposit rate scenario, high carry trade currencies that react positively to risk appetite, like the Aussie, are expected to react strongly. Societe Generale global head of research Patrick Legland says the euro against the Aussie and Norwegian Krone are key pairs to benefit, given Australia and Norway are the only two G10 economies where the inflation rate is at least at their respective central banks' targets.


Read more: http://www.smh.com.au/business/marke...#ixzz33lrfuaDp
  • #78,762
  • Jun 5, 2014 8:45am Jun 5, 2014 8:45am
Quoting VaBikePacker
{quote} Certainly agree - just expressing my own opinion on price action. Just to fake everyone out I wouldn't be surprised by a high .92s pullback that makes everyone think they should be short...this market loves doing that over and over and over and over and....well...I could paste that 100s of times.... I don't disagree that Australia is seeing some weakness, however, their weakness is like, still crazy good compared to many. Even if they drop rates right now they'll still be a place to earn more on money parked. Where would you park...
Exactly... it's like the best smelling piece of dung in the pile... ok nevermind bad example lol

But you get the point.
  • #78,763
  • Jun 5, 2014 8:51am Jun 5, 2014 8:51am
Quoting JollyBean
{quote} Exactly... it's like the best smelling piece of dung in the pile... ok nevermind bad example lol But you get the point.


This is a market fundamental that can't be denied. Denying it is a sure way to a margin call IMO.

PATIENCE is king in this "game".
"Holy Grail" exists - accepting where is the first step.
  • #78,764
  • Jun 5, 2014 8:58am Jun 5, 2014 8:58am
Da,stay in trend with fundamentals and dont listen that CENtral Bankers,i agree with you.
  • #78,765
  • Jun 5, 2014 9:03am Jun 5, 2014 9:03am
Quoting JollyBean
{quote} Exactly... it's like the best smelling piece of dung in the pile...

not a bad example at all IMO. Perfect correlation. Look - ALL western governments are BROKE. Australia is just one of the "lesser broken ones".
"Holy Grail" exists - accepting where is the first step.
  • #78,766
  • Jun 5, 2014 9:40am Jun 5, 2014 9:40am
Still hold short at 0.93. Glad to see AUD go over 0.94+again， add more shorts.

All western governments are BROKE??? If I park money, I prefer USA. I know many Chinese billionaires invest their money in USA and UK.

AU?? Even NZ is better than AU
  • #78,767
  • Jun 5, 2014 9:43am Jun 5, 2014 9:43am
Eventually this pair will drop under 0.89 again sometime in this year.
  • #78,768
  • Jun 5, 2014 9:54am Jun 5, 2014 9:54am
Only take into account that ECB decision was predicted that is why AUD did no go south .... bankers deposited money away from EUR

But now it could trigging opposite wave ... still AUD > 0.93 is a very attractive price for sellers! and no sellers - no movement UP.

I expecting 0.9150 to take all sellers on board and after move up.

AUD always follow Iron ORE price.
  • #78,769
  • Jun 5, 2014 9:59am Jun 5, 2014 9:59am
Now it follows Draghi,former Goldman Sucks

AUD is north,no need to fight with the market.
  • #78,770
  • Jun 5, 2014 10:09am Jun 5, 2014 10:09am
Quoting zew
Still hold short at 0.93. Glad to see AUD go over 0.94+again， add more shorts. All western governments are BROKE??? If I park money, I prefer USA. I know many Chinese billionaires invest their money in USA and UK. AU?? Even NZ is better than AU
Keep parking in the US if you want, the longer things stay the same, the more they need to change....and the more dramatically they usually do.

Please note I said "lesser" of broke western...not least....

the "AU northbound train" will lose steam, just like the southbound one has for right now and will again and again and again...waves and cycles...it's all just waves and cycles...throw all the excuses on it you want - nothing here moves in a perfectly straight line.
"Holy Grail" exists - accepting where is the first step.
  • #78,771
  • Jun 5, 2014 10:37am Jun 5, 2014 10:37am
Support Test Area...
Attached Image (click to enlarge)
Click to Enlarge Name: SUPPORTTEST.png Size: 43 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,772
  • Jun 5, 2014 10:54am Jun 5, 2014 10:54am
au up pu up pu up pu, lets go up au
  • #78,773
  • Jun 5, 2014 11:46am Jun 5, 2014 11:46am
Hehe

Any more theories ?
  • #78,774
  • Jun 5, 2014 12:05pm Jun 5, 2014 12:05pm
Quoting Magix
Support Test Area... {image}
Hi Magix,

Update. There is more....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdh465.jpg Size: 187 KB
Click to Enlarge Name: audusdm565.jpg Size: 132 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #78,775
  • Jun 5, 2014 12:12pm Jun 5, 2014 12:12pm
Now they will pour cement for NFP data,DRAGHİ-YELLEN couple..Long live
  • #78,776
  • Jun 5, 2014 12:24pm Jun 5, 2014 12:24pm
Quoting Mr. Scott
{quote} Hi Magix, Update. There is more.... {image} {image}
I've got topside to be 9356...there or 9329...I really don't care what hits first.

With NFP in the morrow, my week is pretty much done.

Will be watching, but not getting serious about anything.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,777
  • Jun 5, 2014 12:24pm Jun 5, 2014 12:24pm
Quoting diggo
{quote} In the short term we could have a couple of more chances to short above .93 but a sharper move below the .92 support is inevitable IMO which should see us pretty quickly sub .90 again
Ok 93 cleared. We have some resistance at 9330 so I placed a short here.

Ideally I would like to see another test on the descending 4H TL. Don't have an accurate chart on me but it should be around 9375 area. This is where I will going heavily short, targeting sub 0.90
  • #78,778
  • Jun 5, 2014 12:25pm Jun 5, 2014 12:25pm
Quoting Kizilaga
Now they will pour cement for NFP data,DRAGHİ-YELLEN couple..Long live
This is where things could go wrong if you don't have reservation.
  • #78,779
  • Jun 5, 2014 12:31pm Jun 5, 2014 12:31pm
Quoting Ken A
{quote} This is where things could go wrong if you don't have reservation.
Yes,it wont be a surprise i think..it would come as expected and similar to today..Anyway stops are always reserved
  • #78,780
  • Jun 5, 2014 12:37pm Jun 5, 2014 12:37pm
Quoting Magix
{quote} I've got topside to be 9356...there or 9329...I really don't care what hits first. With NFP in the morrow, my week is pretty much done. Will be watching, but not getting serious about anything.
You are exactly in the middle, we'll see if it will offer.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh465.jpg Size: 186 KB
The world you desire can be won. It exists.. it is real.. it is possible..
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