don't find the correct answer in market. just feel it and follow the wave.
- #89,163
- Feb 11, 2015 11:55pm Feb 11, 2015 11:55pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
Really crappy PA so far today on many fronts.... 
As the lights go by so too do the shadows move
- #89,164
- Feb 12, 2015 12:48am Feb 12, 2015 12:48am
- Joined Oct 2013 | Status: Trader | 1,929 Posts
Australian Labor Force -12.2 K, Unemployment Rate 6.4%, Is it that bad?? Could anyone explain me how bad is it? Regards, B
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
{quote}Banabukari, {image} {image} {image}
Thank you very much.
But sometimes PA in different trading time (Asian/London/NY) really responded different act. That's why I am asking how bad is the number (employment change) for the whole economy. Is that really bad for the country or just so so.
Regards,
B
- #89,166
- Feb 12, 2015 1:06am Feb 12, 2015 1:06am
- Joined Oct 2013 | Status: Trader | 1,929 Posts
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
AUDUSD is likely to witness a pullback towards re-testing 0.7640 as the descending trend-line continue restricting the immediate up-move of the pair. Alternatively, an extension of the current advance can fuel the pair towards testing 0.7825 mark and a break of which is likely to be followed by 0.7845 and 0.7885 levels. {image}
Sounds good
- #89,169
- Feb 12, 2015 7:30am Feb 12, 2015 7:30am
- Joined Jul 2013 | Status: Trader | 1,731 Posts
{quote} Sounds good
- #89,171
- Edited 1:07pm Feb 12, 2015 12:54pm | Edited 1:07pm
- Joined Oct 2013 | Status: Trader | 1,929 Posts
Looking to gradually add short positions around this area, latest aussie data indicated RBA will be looking for further rate cut
Bear fundamental for AU hasn't changed a bit.
Technically speaking, bull won't return unless price go beyond 0.7900.
Meanwhile while Fed continue its hawkish tone on mid-year rate hike, AU would continue go down as RBA has been expecting a weaker AUD since Dec 2014 monetary policy minute and the last monetary policy minute. That has been said, we still many weeks to go till June...
On the other hand, as for the near short and mid term, after last night BOJ announced "extra stimulus as counterproductive for now" and this morning's huge disappointment in USD retail last month, uncertainty raise for UJ's short term direction, and we might be looking at some range plays below the UJ 120.00 until the next round of key data release.
Without any RBA input, would AU follows UJ and becomes disoriented between 0.7900 and 0.7600 as UJ moves possibility between 120.00 and 117.00, I'd believe so.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
- #89,173
- Feb 12, 2015 3:37pm Feb 12, 2015 3:37pm
- | Joined Dec 2009 | Status: Bear | 1,009 Posts
{quote} AU bounce in NY section due to USD retail number shock, but the world is not ending because of that.
Yes indeed, bounce can be expected, but I believe any rallies will be short lived given the commodity prices at historical lows and further expectations in regards to RBA easing measures. Moreover, RBA has been for quite sometime on the language telling aussie being above it's fundamental value.
BOJ was a surprise to me, I can think of few possible scenarios. First, policymakers do not want to see yen weaken at the pace it has since last NFP, the depreciation was pronounced even more after FED hints on 2Q rate hike. Second, I assume there are possibilities that Japan multinational corporations began lobbying against fast yen depreciation against dollar, and that might have caused BOJ to intervene. Such a ''lip service'' however has short term effects, we've seen that last year October, when Japan's Finance Minister Aso came out saying ''yen weakened too fast''.
- #89,174
- Feb 12, 2015 3:46pm Feb 12, 2015 3:46pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
{quote} Well put, thanks for the post, bro
. Regarding Japan today - was pain in the ass for me :/ - and ofc bought UJ 118,8s, as well as few Geppys. I completely agree with your reasoning here, especially given market NFP overshoot. Was really too high, market has skipped many level retests.
"I know one thing, that I know nothing." Sokrates
- #89,175
- Feb 12, 2015 4:44pm Feb 12, 2015 4:44pm
- Joined Jul 2011 | Status: Gold Again | 10,612 Posts
It takes a lot for me to IGNORE you, but you can try.
