Attachments: AUD/USD

AUD/USD

#89,221
Feb 18, 2015 9:08pm Feb 18, 2015 9:08pm

banana
| Joined Aug 2012 | Status: Trader | 87 Posts

I have 7880 as an important fib level, looks quite strong to get that high right now..

#89,222
Feb 18, 2015 9:12pm Feb 18, 2015 9:12pm

Sifufx
| Joined Mar 2010 | Status: Trader | 87 Posts

Quoting banana

Disliked

I have 7880 as an important fib level, looks quite strong to get that high right now..

Ignored

Agree. Have a target of 7900.

#89,223
Feb 18, 2015 10:15pm Feb 18, 2015 10:15pm

tsujigiri
| Joined Mar 2013 | Status: Trader | 155 Posts

Quoting Sifufx

Disliked

{quote} Agree. Have a target of 7900.

Ignored

I'm going a bit higher than that, I'm targeting 0.7926.

A journey of a thousand miles begins with a single step. Lao-tzu

#89,224
Feb 18, 2015 10:41pm Feb 18, 2015 10:41pm

Fadadio
| Joined Feb 2014 | Status: Trader | 306 Posts

anyone know what caused this spike?

did Stevens fart in his sleep again?

#89,225
Feb 18, 2015 10:44pm Feb 18, 2015 10:44pm

GeoTrade
| Joined May 2013 | Status: Trader | 38 Posts

Quoting Fadadio

Disliked

anyone know what caused this spike? did Stevens fart in his sleep again?

Ignored

S&P says Australian budget would be vulnerable to risk overseas:
http://www.forexfactory.com/news.php?do=news&id=527351

#89,226
Feb 18, 2015 10:47pm Feb 18, 2015 10:47pm

ezcurrency
Joined Feb 2006 | Status: Experienced Trader 19+ yrs | 545 Posts

Maybe a bank trader fat-fingered it and sold $1B AU instead of $10M?

#89,227
Feb 18, 2015 10:49pm Feb 18, 2015 10:49pm

mangojango
| Joined Jul 2013 | Status: Trader | 39 Posts

Quoting GeoTrade

Disliked

{quote} S&P says Australian budget would be vulnerable to risk overseas: http://www.forexfactory.com/news.php?do=news&id=527351

Ignored

I don't get it though, that tweet is from last night and I can't find any news on it for today. Did Forex Factory literally cause that spike posting the tweet 5 minutes ago?

#89,228
Feb 18, 2015 10:49pm Feb 18, 2015 10:49pm

Fadadio
| Joined Feb 2014 | Status: Trader | 306 Posts

Quoting GeoTrade

Disliked

{quote} S&P says Australian budget would be vulnerable to risk overseas: http://www.forexfactory.com/news.php?do=news&id=527351

Ignored

Thanks just read that myself

#89,229
Feb 18, 2015 10:51pm Feb 18, 2015 10:51pm

ezcurrency
Joined Feb 2006 | Status: Experienced Trader 19+ yrs | 545 Posts

I added to AU short (now .7835, .781 shorts). 0.785 is option barrier and will be defended. Similar for EU (1.15) and GU (1.55). We should get decent USD rally from here.

EZ

#89,230
Feb 18, 2015 11:00pm Feb 18, 2015 11:00pm

banana
| Joined Aug 2012 | Status: Trader | 87 Posts

Panic selling has begun

#89,231
Feb 18, 2015 11:01pm Feb 18, 2015 11:01pm

banana
| Joined Aug 2012 | Status: Trader | 87 Posts

I was thinking of selling right at the 7835 mark minutes before the spike, should have pulled the trigger!

#89,232
Edited Feb 19, 2015 1:10am Feb 18, 2015 11:31pm | Edited Feb 19, 2015 1:10am

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

Quoting mangojango

Disliked

{quote} I don't get it though, that tweet is from last night and I can't find any news on it for today. Did Forex Factory literally cause that spike posting the tweet 5 minutes ago?

Ignored

It was RBS that came to this conclusion almost 24 hours ago.
It's now become reality ; http://www.forexlive.com/!/rbs--conc...ating-20150218
Kudos to them.

#89,233
Feb 19, 2015 12:12am Feb 19, 2015 12:12am

oladinpeter
| Joined Oct 2014 | Status: Trader | 115 Posts

I think it is now time to short

#89,234
Feb 19, 2015 1:31am Feb 19, 2015 1:31am

diegosilva
| Joined Dec 2014 | Status: Trader | 61 Posts

AUD/USD sold-off as S&P warns of Aus rating downgrade

FXStreet (Bali) - AUD/USD has sold off aggressively over half a cent in the blink of an eye, falling from 0.7840 resistance, down below 0.78 at present, setting a session low of 0.7790.

During this week, there has been talk of solid selling interest ahead of 0.7850. The selling, however, has come as S&P warned that strained Australia budget puts the country's credit rating at risk. An article by Greg Gibbs, FX Strategist at RBS, warned about the risks of a possible Australian credit rating downgrade (see key paragraphs below).

"Australia has run sizeable fiscal deficits since 2009 and has continually downgraded its fiscal outlook. It has failed to deliver on any significant policy reform according to most commentators since the introduction of a Goods and Services Tax in 2000, it has ridden the back of a resources investment boom and failed to invest sufficiently in non-mining infrastructure."

"State governments have struggled to stay in government and deliver new infrastructure spending plans, dealing within their own limited budget flexibility. The deep rate cuts by the RBA have pumped up house prices and renewed mortgage debt growth faster than income growth from already excessive household leverage."

"With the deep fall in its terms of trade, and broadening political and economic uncertainty, it is not out of the question that its triple-A status is questioned in the year ahead."

http://www.fxstreet.com/news/forex-n...3-2122646a72ff

#89,235
Feb 19, 2015 3:40am Feb 19, 2015 3:40am