EURUSD | Page 48170 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #963,381
  • Feb 24, 2015 10:28am Feb 24, 2015 10:28am
Quoting Ck87
{quote} AU looks more bullish than the other shorts... can def go a bit more.. but certainly will/should sell off from these levels
What does fundamental tell you??
AU currency tied to China...
and i can tell you China's growth rate forecasts are headed towards the mid-6 levels... around 6.5%...
knowing china growth is on the trend of further slowdown to their growth, theres less and less demand for raw metals which australia exports a lot of it to China....
Global Growth is slowing down.... and commodities are in a downtrend.
i wouldn't bet on AUD to rise in value against the USD.

Sorry if i sound like im against you on your trade ideas but fundamentals dont support longing AUDUSD with good reasons.
1. China Slowdown.
2. Further China Rate cuts in 2015 expected.
3. Commodity prices continue to fall (AU heavily correlated)
4. RBA may have another round of rate cut in Q2-Q3 2015...
5. Global growth forecast slowdown, with emerging market subdued growth in 2015 (signalling a lack of demand for raw metals)
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #963,382
  • Feb 24, 2015 10:28am Feb 24, 2015 10:28am
Strange day.. Two major players talks in on day and yet nothing really happens.
"The Public Sucks" - George Carlin
  • #963,383
  • Feb 24, 2015 10:28am Feb 24, 2015 10:28am
Quoting fxtyrant
{quote} What does fundamental tell you?? AU currency tied to China... and i can tell you China's growth rate forecasts are headed towards the mid-6 levels... around 6.5%... knowing china growth is on the trend of further slowdown to their growth, theres less and less demand for raw metals which australia exports a lot of it to China.... Global Growth is slowing down.... and commodities are in a downtrend. i wouldn't bet on AUD to rise in value against the USD.
Agreed. Short only strategy on AU for sure. I am long aud/nzd though, and short GBP/AUD but these are shorter term moves.
  • #963,384
  • Feb 24, 2015 10:30am Feb 24, 2015 10:30am
Quoting gatorinla
{quote} week closes still keeps it contained. we just tapped London at 1357.. that may be the high
looks like a new close below
those who can, do. those who cant, talk about those who can
  • #963,385
  • Feb 24, 2015 10:30am Feb 24, 2015 10:30am
Quoting Ck87
{quote} Just trading pure technicals, super long term the fundamentals support USD/ZAR falling super hard, and i will definitely short the pair for a long term investment in the future. For now USD xxx strength will /should run the show, but my own technical method shows this move should be bought up.

Sounds dangerous. Southa Africa's economy is in the shitter, and the prices of everything they export have collapsed. Plus... Im not sure they've even figured out how to govern themselves in the post Apartheid world. Seems like its going to be a corruption free for all without Mandela around to make people feel guilty about it.
Twitter: @TrendersGame
  • #963,386
  • Feb 24, 2015 10:31am Feb 24, 2015 10:31am
Quoting fxtyrant
{quote} What does fundamental tell you?? AU currency tied to China... and i can tell you China's growth rate forecasts are headed towards the mid-6 levels... around 6.5%... knowing china growth is on the trend of further slowdown to their growth, theres less and less demand for raw metals which australia exports a lot of it to China.... Global Growth is slowing down.... and commodities are in a downtrend. i wouldn't bet on AUD to rise in value against the USD. Sorry if i sound like im against you on your trade ideas but fundamentals dont support...
copper and bd shipping are down
those who can, do. those who cant, talk about those who can
  • #963,387
  • Feb 24, 2015 10:31am Feb 24, 2015 10:31am
Quoting fxtyrant
{quote} What does fundamental tell you?? AU currency tied to China... and i can tell you China's growth rate forecasts are headed towards the mid-6 levels... around 6.5%... knowing china growth is on the trend of further slowdown to their growth, theres less and less demand for raw metals which australia exports a lot of it to China.... Global Growth is slowing down.... and commodities are in a downtrend. i wouldn't bet on AUD to rise in value against the USD. Sorry if i sound like im against you on your trade ideas but fundamentals dont support...
In fact just covered GA short and shorted AU.
  • #963,388
  • Feb 24, 2015 10:33am Feb 24, 2015 10:33am
Quoting Citiboy
{quote} Sounds dangerous. Southa Africa's economy is in the shitter, and the prices of everything they export have collapsed. Plus... Im not sure they've even figured out how to govern themselves in the post Apartheid world. Seems like its going to be a corruption free for all without Mandela around to make people feel guilty about it.
Agree, that will be way out , probably a few years from now, maybe USD ZAR will be 20-50% higher than it is..... I see USD xxx basically going into a bubble phase before the strength is over, so yeah that's why you see me buying USD ZAR dips currently
  • #963,389
  • Feb 24, 2015 10:34am Feb 24, 2015 10:34am
Quoting gatorinla
{quote} copper and bdl shipping
Up?

just heard from a PBOC Analyst the other day at the office that China is expected to cut interest rate by another 25 bp in 2015.
and growth forecasts are adjusted lower, credit market eventual collapse is their focus at the moment, they are gradually printing money to bail out the SOE step by step so as to not create panic... but that means the money printed isnt being utilised in economic growth anymore... momentum is slowing down....

AUDUSD looks and feels pretty logical around these prices if not lower....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #963,390
  • Feb 24, 2015 10:34am Feb 24, 2015 10:34am
still holding 3 short positions on EU from 1.16 ,
will go long on 1.13107 & 1.1294 target is > 1.1370
  • #963,391
  • Feb 24, 2015 10:37am Feb 24, 2015 10:37am
Quoting fxtyrant
{quote} Up? just heard from a PBOC Analyst the other day at the office that China is expected to cut interest rate by another 25 bp in 2015. and growth forecasts are adjusted lower, credit market eventual collapse is their focus at the moment, they are gradually printing money to bail out the SOE step by step so as to not create panic... but that means the money printed isnt being utilised in economic growth anymore... momentum is slowing down.... AUDUSD looks and feels pretty logical around these prices if not lower....
you still long AUD/NZD?
  • #963,392
  • Feb 24, 2015 10:41am Feb 24, 2015 10:41am
The Euro is weak and Yellen she may bull the pair down ... strong sell today.
  • #963,393
  • Feb 24, 2015 10:43am Feb 24, 2015 10:43am
Quoting Abdul2012
The Euro is weak and Yellen she may bull the pair down ... strong sell today.
Will be weak for years to come, but so damn sideways lately, made a small short at 1.134x and not looking for much out of it...
  • #963,394
  • Feb 24, 2015 10:48am Feb 24, 2015 10:48am
Waiting for the typical oil spike to scalp short on top of my already short positions..
  • #963,395
  • Feb 24, 2015 10:49am Feb 24, 2015 10:49am
Quoting Ck87
Waiting for the typical oil spike to scalp short on top of my already short positions..
Oil driving me nuts,... poor scuba Aussies. Would prefere it to continue with fall below that monthly doji.
"I know one thing, that I know nothing." Sokrates
  • #963,396
  • Feb 24, 2015 10:51am Feb 24, 2015 10:51am
Quoting fxtyrant
{quote} Up? just heard from a PBOC Analyst the other day at the office that China is expected to cut interest rate by another 25 bp in 2015. and growth forecasts are adjusted lower, credit market eventual collapse is their focus at the moment, they are gradually printing money to bail out the SOE step by step so as to not create panic... but that means the money printed isnt being utilised in economic growth anymore... momentum is slowing down.... AUDUSD looks and feels pretty logical around these prices if not lower....
no cheap. both down . that's why i said china was full of shit with its growth forecast years back.. search copper under me. even wall mart is china, and the only reason Walmart made a new high was gasoline prices. was/is in a posted Walmart chart (easy money)... gasoline is moving up while Walmart was near a high tells me Walmart dropping w/o looking at a chart. just like copper and china does.

u dont need a annalist, copper in construction and everything needs to be shipped. if cat/cummins is doing bad, the odds are china and rooland is via it started with Walmart
those who can, do. those who cant, talk about those who can
  • #963,397
  • Feb 24, 2015 10:51am Feb 24, 2015 10:51am
Quoting Tom_D_Trader
{quote} Oil driving me nuts,... poor scuba Aussies. Would prefere it to continue with fall below that monthly doji.
Why it driving you nuts? You short lower levels?
  • #963,398
  • Feb 24, 2015 10:52am Feb 24, 2015 10:52am
Quoting USD-Bear
chancing a short @ 1,1346 tight stop
placed stop @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #963,399
  • Feb 24, 2015 10:53am Feb 24, 2015 10:53am
Closing the shop for today.
Still holding the shorts from 1.13303, TP 1.12209, SL leave to Yellen and Mario.

GL everybody, green pips regardless of longs or shorts.
  • #963,400
  • Feb 24, 2015 10:54am Feb 24, 2015 10:54am
Quoting Tom_D_Trader
{quote} Oil driving me nuts,... poor scuba Aussies. Would prefere it to continue with fall below that monthly doji.
It might want to spike to 51 screw some people over then we can continue lower.. I knew at 49 was v likely we come up a bit, didn't take any profit on any positions I'm not doing that no matter how tempting it is till we hit my TP at the lows. While i'm waiting for that I'll scalp some and most certainly will at high 50s -51 today if we go there
546 traders viewing now, 1 is registered:
F.g