Attachments: AUD/USD

AUD/USD

#89,201
Feb 16, 2015 6:41pm Feb 16, 2015 6:41pm

Balmain Boy
| Joined Jan 2012 | Status: Trader | 254 Posts

The only line of real note contained within The Minutes is this one ;

" In deciding the timing of such a change, members assessed arguments for acting at this meeting or at the following meeting. "

#89,202
Feb 17, 2015 2:54am Feb 17, 2015 2:54am

Paulenok
| Joined Dec 2009 | Status: Bear | 1,009 Posts

Quoting Balmain Boy

Disliked

The only line of real note contained within The Minutes is this one ; " In deciding the timing of such a change, members assessed arguments for acting at this meeting or at the following meeting. "

Ignored

Disagree, there quite a few important ones. What you can take from the minutes is that RBA has given the green light for further rate cut, the reason behind them acting so early into the year was to assess the developments-which we all agree 25 basis points cut won't spur economy any more significantly than 2.5% would - hence further cuts coming.

Quote

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At the time of the December meeting, financial market pricing had suggested some chance of an easing in policy during 2015. This expectation strengthened somewhat during January, and by the time of the February meeting pricing reflected a two-thirds probability of a 25 basis point reduction in the cash rate at that meeting, with the cash rate expected to be 2 per cent by the end of the year

#89,203
Feb 17, 2015 4:14am Feb 17, 2015 4:14am

edyraper
Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts

do RBA has QE program or something ?
why AUDUSD going up ?

#89,204
Feb 17, 2015 4:16am Feb 17, 2015 4:16am

Balmain Boy
| Joined Jan 2012 | Status: Trader | 254 Posts

Quoting Paulenok

Disliked

{quote} Disagree, there quite a few important ones. What you can take from the minutes is that RBA has given the green light for further rate cut, the reason behind them acting so early into the year was to assess the developments-which we all agree 25 basis points cut won't spur economy any more significantly than 2.5% would - hence further cuts coming. {quote}

Ignored

With respect, your comments and quote is not new information to the market.
The only matter that wasn't known to the market until today's publication was the fact that there was some robust deliberation of the timing of when to cut by 0.25%
Hence the ensuing rally we've since the initial release.

#89,205
Feb 17, 2015 4:17am Feb 17, 2015 4:17am

edyraper
Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts

I think cutting rates not working any more when all over the world banks cutting rates

does make sense ?

#89,206
Feb 17, 2015 4:39am Feb 17, 2015 4:39am

Paulenok
| Joined Dec 2009 | Status: Bear | 1,009 Posts

I am looking for 0.783 today, have set some sell limits there and also 0.786

#89,207
Feb 17, 2015 5:06am Feb 17, 2015 5:06am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

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#89,208
Feb 17, 2015 6:32am Feb 17, 2015 6:32am

Ssm
| Joined Jul 2011 | Status: Trader | 911 Posts

Quoting edyraper

Disliked

do RBA has QE program or something ? why AUDUSD going up ?

Ignored

Don't worry, most likely profit taking. Just look at metals, they are falling, Aussie will follow soon.

http://i1116.photobucket.com/albums/...ps65988d20.jpg

The true fact is market doesn't care, risk mgt is important.

#89,209
Feb 17, 2015 7:34am Feb 17, 2015 7:34am

Paulenok
| Joined Dec 2009 | Status: Bear | 1,009 Posts

Quoting Paulenok

Disliked

I am looking for 0.783 today, have set some sell limits there and also 0.786

Ignored

first short triggered

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#89,210
Feb 17, 2015 8:59am Feb 17, 2015 8:59am

PL-Piotr
| Joined Aug 2014 | Status: Trader | 17 Posts

Quoting Paulenok

Disliked

{quote} first short triggered {image}

Ignored

what target...?
77865..

Quoting PL-Piotr

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{quote} what target...? 77865..

Ignored

I close 77900

Quoting PL-Piotr

Disliked

{quote} what target...? 77865.. {quote} I close 77900

Ignored

wait for signal and Up again...

#89,211
Feb 17, 2015 2:04pm Feb 17, 2015 2:04pm

PL-Piotr
| Joined Aug 2014 | Status: Trader | 17 Posts

78250 sell and 10 pips in 10 sec

#89,212
Feb 17, 2015 7:45pm Feb 17, 2015 7:45pm

Ck87
| Commercial User | Joined Oct 2012 | 3,968 Posts

Matter of time till AUD/NZD explodes imo, I was a bit early shorting GBP/AUD but that one looks like it's got some room to go down as well. Crude oil strength should probably boost AUD.... so while I see oil rallying back to 65, could get a nice rally in the AUD vs xxx

#89,213
Feb 17, 2015 9:09pm Feb 17, 2015 9:09pm

Tollazor
| Joined Feb 2015 | Status: Trader | 39 Posts

Quote

Disliked

I think cutting rates not working any more when all over the world banks cutting rates does make sense ?

Absolutely. With every country playing round robin to pass the unemployment coin Australia is increasingly getting stuck in the middle. Soon we will be stuck with the only option being to punch out some new dollars and bring on QE for Aus.

#89,214
Feb 18, 2015 3:34am Feb 18, 2015 3:34am

kiss
| Joined May 2010 | Status: Trader | 17 Posts

Eu and au monthly
head n shoulder patterns
looking for a retrace now
time to turn

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#89,215
Feb 18, 2015 4:25am Feb 18, 2015 4:25am

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Even after the recent pullback and the USD weakness, on the back of downbeat US data, the AUDUSD is more likely to maintain its trading range between the lines. However, today's FOMC meeting minutes will become crucial for the pair.

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