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AUD/USD

  • #91,421
  • Aug 3, 2015 7:42am Aug 3, 2015 7:42am
So, what does it mean to the Aussie dollar if interest rate no cut?
  • #91,422
  • Aug 3, 2015 9:30am Aug 3, 2015 9:30am
Quoting Fbps
So, what does it mean to the Aussie dollar if interest rate no cut?
Aussie remains weak. Look at the pair today, even without significant news today, the pair is dropping below .73 and testing critical line .7250 again. If this level is broken, we will expect several and huge stop losses to be triggered and thus bringing the pair even lower.
The true fact is market doesn't care, risk mgt is important.
  • #91,423
  • Aug 3, 2015 9:38am Aug 3, 2015 9:38am
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}
The short opportunity spoted one month ago :

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 29 KB
Money moves the market, not an indicator.
  • #91,424
  • Aug 3, 2015 11:08am Aug 3, 2015 11:08am
Clear downtrend.
  • #91,425
  • Aug 3, 2015 11:18am Aug 3, 2015 11:18am
Short aussie... Useless currency for short time...
  • #91,426
  • Aug 3, 2015 3:48pm Aug 3, 2015 3:48pm
http://news.forexlive.com/!/rba-mone...eview-20150803
  • #91,427
  • Aug 3, 2015 7:41pm Aug 3, 2015 7:41pm
So what's everyone thinking the RBA will do today? Cut rate or hold?

I'm thinking holding rate and AUD/USD will go up just a little 30 pips.
  • #91,428
  • Aug 3, 2015 8:02pm Aug 3, 2015 8:02pm
Quoting Vorex
So what's everyone thinking the RBA will do today? Cut rate or hold? I'm thinking holding rate and AUD/USD will go up just a little 30 pips.
ASX rate indicator shows 9% chance of rate cut as of yesterday. Language used in statement to effect movement but generally I don't expect big moves so your 30 pips is about what I'd expect.
Hope for the best, prepare for the worst.
  • #91,429
  • Aug 3, 2015 8:43pm Aug 3, 2015 8:43pm
Quoting Vorex
So what's everyone thinking the RBA will do today? Cut rate or hold? I'm thinking holding rate and AUD/USD will go up just a little 30 pips.
NO rate change. You can double your 30 pips up.
Combat crazy markets with crazy trading
  • #91,430
  • Aug 3, 2015 8:50pm Aug 3, 2015 8:50pm
Watch for price to stop out/turn off of 0.7315 and head down quickly from there, assuming no rate change.

Will keep watching and update should anything change before the decision is released.

Attached Image (click to enlarge)
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  • #91,431
  • Aug 3, 2015 10:12pm Aug 3, 2015 10:12pm
Australia Probably Will Cut Rates Again With China's Slump Wrecking Resource Exports

http://www.bloomberg.com/news/articl...source-exports
  • #91,432
  • Aug 3, 2015 11:04pm Aug 3, 2015 11:04pm
Quoting bluetoss
Australia Probably Will Cut Rates Again With China's Slump Wrecking Resource Exports http://www.bloomberg.com/news/articl...source-exports
yes Australia will cut rates again but won't happen in August
  • #91,433
  • Aug 3, 2015 11:14pm Aug 3, 2015 11:14pm
Quoting alz
{quote} yes Australia will cut rates again but won't happen in August
we will know in a while, my suspicion is aroused when i saw AUD moving up after retail sales data, seems to me it is going to price in for the rate cut.
  • #91,434
  • Aug 3, 2015 11:21pm Aug 3, 2015 11:21pm
Quoting bluetoss
{quote} we will know in a while, my suspicion is aroused when i saw AUD moving up after retail sales data, seems to me it is going to price in for the rate cut.
shouldn't it be going down by now if it was pricing in for a rate cut?
  • #91,435
  • Aug 3, 2015 11:23pm Aug 3, 2015 11:23pm
If we're going long for the rate decision, look for price to whip down to 0.7282 before heading up. If we are going to go short, look for price to manipulate up to clear out short sellers between 0.7308 and 0.7315 before turning back down.

If I were a Market Maker, that's what I would do to get money flowing in the market.
  • #91,436
  • Aug 3, 2015 11:34pm Aug 3, 2015 11:34pm
Quoting nztea
If we're going long for the rate decision, look for price to whip down to 0.7282 before heading up. If we are going to go short, look for price to manipulate up to clear out short sellers between 0.7308 and 0.7315 before turning back down. If I were a Market Maker, that's what I would do to get money flowing in the market.
short now ??
  • #91,437
  • Aug 3, 2015 11:37pm Aug 3, 2015 11:37pm
Quoting HelloOz
{quote} short now ??

I see more upside to go before shorting, may go as high as .7350 and more.
Be cautious if you are planning to short now.


Note that RBA dropped this statement as well. " further falls in AUD likely and necessary!"
  • #91,438
  • Aug 3, 2015 11:38pm Aug 3, 2015 11:38pm
1hr & 15min RSI both showing overbought in a downtrend so I've gone short at 7325 and will target 7285.
Hope for the best, prepare for the worst.
  • #91,439
  • Aug 3, 2015 11:38pm Aug 3, 2015 11:38pm
Quoting nztea
If we're going long for the rate decision, look for price to whip down to 0.7282 before heading up. If we are going to go short, look for price to manipulate up to clear out short sellers between 0.7308 and 0.7315 before turning back down. If I were a Market Maker, that's what I would do to get money flowing in the market.
Shorted 7327. Let the fun begin....
  • #91,440
  • Aug 3, 2015 11:45pm Aug 3, 2015 11:45pm
Quoting SkyrEk
{quote} I see more upside to go before shorting, may go as high as .7350 and more. Be cautious if you are planning to short now. Note that RBA dropped this statement as well. " further falls in AUD likely and necessary!"
i do agree with u.. the differences between last 2 statement for this interest rate, there's no words like "Further falls in AUD likely and necessary" lol..

i assume, soon we will gonna hit 0.7440 supported with another news AUD & USD coming IMHO..
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