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AUD/USD

  • #91,061
  • Jul 6, 2015 11:22pm Jul 6, 2015 11:22pm
Quoting Davit
{quote} I considered but check your calendar Manufacturing news at 4.30am EST Projection is positive and that could push all G pairs higher. Regards {image}
Once I hit profit, I'm closing all my open positions, you never know what's going to happen anytime soon because of the Greek issue.
  • #91,062
  • Jul 6, 2015 11:38pm Jul 6, 2015 11:38pm
quick scalp and out
+20pips
Not touching this until it hits lower like 7450
In trading, you have to be defensive and aggressive at the same time
  • #91,063
  • Jul 6, 2015 11:41pm Jul 6, 2015 11:41pm
So RBA holds rates at 2% yet price didn't go up that much, oh well I guess I will keep holding my longs then, bring on the FOMC meeting.

Closed my GBP/AUD sell at 2.0834
  • #91,064
  • Jul 6, 2015 11:43pm Jul 6, 2015 11:43pm
"Further depreciation in AUD likely and needed"
  • #91,065
  • Jul 6, 2015 11:43pm Jul 6, 2015 11:43pm
Quoting Vorex
So RBA holds rates at 2% yet price didn't go up that much, oh well I guess I will keep holding my longs then, bring on the FOMC meeting. Closed my GBP/AUD sell at 2.0834
Looks like you made $$ why crying? 857 was your entry
In trading, you have to be defensive and aggressive at the same time
  • #91,066
  • Jul 6, 2015 11:43pm Jul 6, 2015 11:43pm
BUGGER - I thought the big boys would make AUDUSD dance but look - its AUDNZD having a party right now.

I think USD strength is whats keeping us down here right now
  • #91,067
  • Jul 6, 2015 11:44pm Jul 6, 2015 11:44pm
Quoting Pharm0r
"Further depreciation in AUD likely and needed"
What twat would put that sentence in!
  • #91,068
  • Jul 6, 2015 11:45pm Jul 6, 2015 11:45pm
davit r vorex what's ur views abt GBP/AUD which side it goes....?
  • #91,069
  • Jul 6, 2015 11:46pm Jul 6, 2015 11:46pm
Quoting Vorex
So RBA holds rates at 2% yet price didn't go up that much, oh well I guess I will keep holding my longs then, bring on the FOMC meeting. Closed my GBP/AUD sell at 2.0834
I think it might be FOMC that puts us in the upward direction if they put the wording right. Europe will cause them to delay. There is no way in hell they'd raise rates while there could be a possible financial meltdown in the midst. I personally think the banks do this on purpose every 10 years to shift wealth around. lol
  • #91,070
  • Jul 6, 2015 11:50pm Jul 6, 2015 11:50pm
Quoting fxtrader08
{quote} What twat would put that sentence in!
Exactly what I was thinking, must be some idiot still sitting in last week.
  • #91,071
  • Jul 6, 2015 11:51pm Jul 6, 2015 11:51pm
Quoting Davit
{quote} Looks like you made $$ why crying? 857 was your entry
Because only made so little as oppose to what should have happened.
  • #91,072
  • Jul 7, 2015 12:05am Jul 7, 2015 12:05am
Quoting asi
davit r vorex what's ur views abt GBP/AUD which side it goes....?
I don't trade GBP/AUD that much so wouldn't have a clue, I closed my sell order for that pair.
  • #91,073
  • Jul 7, 2015 12:09am Jul 7, 2015 12:09am
Quoting Davit
{quote} I agree.USD is already too strong damaging Oil,Steal Exports.Raise IR and be the last (Feds) holding the bag This is just common sense. RBA NZD BOJ ECB actively trying to lower their currencies and FEds are just verbally talking the USD up.just plain stupid. There is whole lot more Unemployment according to spin doctors 5.4% Add 8.8% underemployed Add 93 million Americans out of job market record since 1977 then you get the real "slack" in US economy Add cheap oil and massive lay offs in Oil industry hitting hard States that produce...
Davit sounds like youre inclined to think no US rate rise this year? Which would lend to AUD bullishness. Offsetting is deterioration in AUD terms of trade outlook (coal, iron ore price outlook poor). On balance, do you tend to be bullish or bearish on AUD?


Absent of a US rate rise, and given what appears to be low volume selling on AUD recently (?), AUD may struggle to go too much lower from here?
  • #91,074
  • Jul 7, 2015 12:20am Jul 7, 2015 12:20am
Quoting samgribbles
{quote} Davit sounds like youre inclined to think no US rate rise this year? Which would lend to AUD bullishness. Offsetting is deterioration in AUD terms of trade outlook (coal, iron ore price outlook poor). On balance, do you tend to be bullish or bearish on AUD? Absent of a US rate rise, and given what appears to be low volume selling on AUD recently (?), AUD may struggle to go too much lower from here?
I think Aussie will fluctuate 75-77 during July, August.
I don't know what Feds may do in Sept but many articles I read forecast Dec IR hike.There is too much uncertainty in markets.IR hike will create extreme volatility already fragile markets dominated by USD even without IR hike..
In trading, you have to be defensive and aggressive at the same time
  • #91,075
  • Jul 7, 2015 1:39am Jul 7, 2015 1:39am
Having negated the Falling-Wedge formation, the AUDUSD kept trading in a rectangle, high 0.7535 low 0.7460; however, the important support-turned-resistance, near 0.7535, continue supporting fair chances of the pair's continue decline.
Attached Image (click to enlarge)
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  • #91,076
  • Jul 7, 2015 1:48am Jul 7, 2015 1:48am
Fundamentals:

The USD remains the strongest currency in the longer term. The market is expecting the Fed to raise rates around September. Recent NFP readings have been positive and core inflation has, overall, been trending higher. Although we expect bullish sentiment on the dollar to remain in the near term, it is near its long-term highs against many counterparts and therefore may be susceptible to pullbacks – such pullbacks will likely provide buying opportunities. The recent FOMC statement showed the Fed are on track to raise rates in the context of an improving economy, however USD saw heavy selling as the economic projections for the FFR in 2016 and 2017 were scaled back. If the market or the Fed see a deterioration of the Greece situation as a threat to global financial stability, then we may see rate hike expectations pushed back.

AUD: Low commodity prices and a slowdown in China has put bearish pressure on the AUD. Overall the bias for AUD is on the bearish side, until we see more data. Language from Governor Stephens recently has been dovish. A resumption of the downtrend in base metals will also see AUD pressured.
It takes a lot for me to IGNORE you, but you can try.
  • #91,077
  • Jul 7, 2015 3:09am Jul 7, 2015 3:09am
Quoting DeCroix
{quote} very interesting view...bearish in general anyway, imho.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4.gif Size: 231 KB
  • #91,078
  • Jul 7, 2015 3:17am Jul 7, 2015 3:17am
Quoting andoseg2
{quote} Time for NEW SL : {image}
Quoting andoseg2
Strong sell opportunity on long term (always manage aggresive the risk. (if the price rise above SL , setup nulified or adjusted to market conditions)) {image} Below the explanations why I consider short : {image}
Attached Image (click to enlarge)
Click to Enlarge Name: aud1.png Size: 27 KB
Money moves the market, not an indicator.
  • #91,079
  • Jul 7, 2015 3:35am Jul 7, 2015 3:35am
Hi all,

While many traders are bearish on the AUD, do be cautious as it is in oversold territory. A bounce could be expected in time to come. (Not forgetting FOMC statement in the later part of the week which could be bearish for the dollar as they have no fixed timing for rate hikes)

Good week ahead!
  • #91,080
  • Jul 7, 2015 3:44am Jul 7, 2015 3:44am
Quoting Erebus
Fundamentals: The USD remains the strongest currency in the longer term. The market is expecting the Fed to raise rates around September. Recent NFP readings have been positive and core inflation has, overall, been trending higher. Although we expect bullish sentiment on the dollar to remain in the near term, it is near its long-term highs against many counterparts and .....
good post
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