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AUD/USD

  • #89,541
  • Mar 6, 2015 7:24am Mar 6, 2015 7:24am
Aussie strong like bull. Bear beware.
  • #89,542
  • Mar 6, 2015 7:27am Mar 6, 2015 7:27am
If NFP is bad, aussie can move up between 7955~8030. i am wating there......

please
don't find the correct answer in market. just feel it and follow the wave.
  • #89,543
  • Mar 6, 2015 7:32am Mar 6, 2015 7:32am
watching UJ is like watching some mad musician playing trumpet.
  • #89,544
  • Mar 6, 2015 7:39am Mar 6, 2015 7:39am
if you guys havent noticed it already,
pls check what happened to AU in Jan and Feb NFP days.

have a great weekend guys
  • #89,545
  • Mar 6, 2015 7:56am Mar 6, 2015 7:56am
Anybody see Aud going down to .770 during Ny session ?made some profits would like to know should i TP at this level or let the ball rolling
  • #89,546
  • Mar 6, 2015 7:58am Mar 6, 2015 7:58am
Quoting irongoose
While ever other currency has tanked all day against the dollar the Aussie has risen steadily................. suspicious!
Shorted that sucker!!!
  • #89,547
  • Mar 6, 2015 8:32am Mar 6, 2015 8:32am
Since the Euro weakening against probably most currencies, why is it going up against the Aussie?
  • #89,548
  • Mar 6, 2015 8:46am Mar 6, 2015 8:46am
Quoting Vorex
Since the Euro weakening against probably most currencies, why is it going up against the Aussie?
because AU fall harder than EU after NFP data.
simple as that.
  • #89,549
  • Mar 6, 2015 8:48am Mar 6, 2015 8:48am
Quoting Vorex
Since the Euro weakening against probably most currencies, why is it going up against the Aussie?
and against the NZD
  • #89,550
  • Mar 6, 2015 8:54am Mar 6, 2015 8:54am
Quoting Pixie666
Anybody see Aud going down to .770 during Ny session ?made some profits would like to know should i TP at this level or let the ball rolling
Possible but unlikely. To get there by today means the pair needs to make a 144 pip day, we haven't been able to do that in a decent while now. We have also traded past last week's low on the weekly, the pair is free to move where ever it wants now or just range.

Momentum seems pretty damn strong atm though, so maybe. I'm targeting there anyways cause I'm greedy.
  • #89,551
  • Mar 6, 2015 9:06am Mar 6, 2015 9:06am
Quoting Roachling
{quote} Possible but unlikely. To get there by today means the pair needs to make a 144 pip day, we haven't been able to do that in a decent while now. We have also traded past last week's low on the weekly, the pair is free to move where ever it wants now or just range. Momentum seems pretty damn strong atm though, so maybe. I'm targeting there anyways cause I'm greedy.
Mee too
  • #89,552
  • Mar 6, 2015 10:37am Mar 6, 2015 10:37am
A friendly reminder that there'll be news on this Sunday,

Sun Mar 8 Tentative CNY Trade Balance 7.8B 60.0B


Good luck guys, have a great weekend.
  • #89,553
  • Mar 6, 2015 10:38am Mar 6, 2015 10:38am
Quoting HelloOz
{quote} because AU fall harder than EU after NFP data. simple as that.
Exactly. US dollar is a runaway freight train right now.
  • #89,554
  • Mar 6, 2015 8:58pm Mar 6, 2015 8:58pm
With a minor bull trap just completed, AU resumes down trend after completing wave (iv) correction, to find new low. Not much different from that of USOil.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 6Mar15.png Size: 70 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #89,555
  • Mar 7, 2015 10:15pm Mar 7, 2015 10:15pm
(Bloomberg) -- China’s exports rose more than expected in February, amid a recovery in the U.S. economy, the Asian country’s largest trade partner.
Exports gained 48.3 percent from a year earlier, the customs administration said in Beijing on Sunday. That compared with the median estimate for a 14 percent jump in a Bloomberg survey of analysts. Imports slid 20.5 percent, leaving a trade surplus of $60.62 billion.
The numbers follow Premier Li Keqiang’s announcement on Thursday of a 7 percent economic growth target for China, the lowest set in more than 15 years. Li in his work report delivered to the National People’s Congress also flagged increasing headwinds for the world’s second-largest economy such as overcapacity and insufficient innovation.
“Exports would hold up if the U.S. economy, the single most important driver for China’s external demand, holds up,” Larry Hu, head of China economics at Macquarie Securities Ltd. in Hong Kong, wrote in a note before the data.
The government set the expansion goal for total trade at 6 percent on Thursday’s government work report, down from last year’s 7.5 percent.

Source: http://www.bloomberg.com/news/articl...ists-estimates

That ain't good for Aussie.
  • #89,556
  • Mar 7, 2015 10:17pm Mar 7, 2015 10:17pm
That's a great news for aud
  • #89,557
  • Mar 7, 2015 11:28pm Mar 7, 2015 11:28pm
Quoting ibram.forex
That's a great news for aud
agree
don't find the correct answer in market. just feel it and follow the wave.
  • #89,558
  • Mar 8, 2015 1:47am Mar 8, 2015 1:47am
Quoting ibram.forex
That's a great news for aud
Quoting yunyoungro
{quote} agree
Hmm, not too sure. Increased exports while decreased imports suggests to me that China is currently oversupplied with raw materials, which is bad for AUD. I tend to weigh the import number as the more important bit of information.

But, please feel free to share your arguments, so I can learn as well.

Anyway, let's see how the market reacts, as the market is always right
  • #89,559
  • Mar 8, 2015 3:37am Mar 8, 2015 3:37am
Quoting n00b
(Bloomberg) -- ......imports slid 20.5 percent, leaving a trade surplus of $60.62 billion. ......
This should be bad for AUD.
The true fact is market doesn't care, risk mgt is important.
  • #89,560
  • Mar 8, 2015 3:41am Mar 8, 2015 3:41am
Wouldn't strengthening exports require a reliance on more raw materials imports to sustain?
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