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AUD/USD

  • #95,681
  • Feb 22, 2016 12:20pm Feb 22, 2016 12:20pm
Quoting tashkent
yes, gold and silver mainly.
Copper and iron ore too
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  • #95,682
  • Feb 22, 2016 12:20pm Feb 22, 2016 12:20pm
Quoting ruma29
{quote} What is reason for NZDUSD? ...Dairy prices went down recently? Must be something else...
Not following kiwi
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  • #95,683
  • Feb 22, 2016 4:14pm Feb 22, 2016 4:14pm
Quoting blue_z_zz
{quote} Copper and iron ore too
If AUD was following those prices it should have been less than then 50c a long time ago. There must be something else.
  • #95,684
  • Feb 22, 2016 4:48pm Feb 22, 2016 4:48pm
Quoting blue_z_zz
{quote} Copper and iron ore too

Iron ore, coal, and LNG biggest commodity export earners in Oz. Iron ore and coal in oversupply. LNG prices linked with oil prices. All pretty weak currently


https://lh3.googleusercontent.com/_J...HRJFEdlBA=s145
  • #95,685
  • Feb 22, 2016 4:55pm Feb 22, 2016 4:55pm
BHP.... ouch but you would think the AUD would tank on that being one of the blue chip stocks.

Not in this market...

There is a real juggle for assets and some brave souls have decided to buy some ..

Always admire the brave but never sympathize with stupidity.
  • #95,686
  • Feb 22, 2016 5:08pm Feb 22, 2016 5:08pm
Quoting lasty
BHP.... ouch but you would think the AUD would tank on that being one of the blue chip stocks. Not in this market... There is a real juggle for assets and some brave souls have decided to buy some .. Always admire the brave but never sympathize with stupidity.

Fundamentals and RBA agree with you lasty. A/U should be lower if following commodity prices. But 5 minute chart shows trying to make another push up as I type (correction...it was but got hit on head). Will have to break down sometime, but my shorts have tight SLs today.
  • #95,687
  • Feb 22, 2016 5:10pm Feb 22, 2016 5:10pm
Quoting cold chisel
{quote} If AUD was following those prices it should have been less than then 50c a long time ago. There must be something else.
precious metals do have longer term impact on aud but have to agree, the currency does not always follow the commodities on short term, there are also too many other factors involved.
As Above, So Below
  • #95,688
  • Feb 22, 2016 9:38pm Feb 22, 2016 9:38pm
Aussie failed in breaking through 0.7230 level so look for going back to 0.7180
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  • #95,689
  • Feb 22, 2016 11:53pm Feb 22, 2016 11:53pm
Quoting Blackopal
{quote} Iron ore, coal, and LNG biggest commodity export earners in Oz. Iron ore and coal in oversupply. LNG prices linked with oil prices. All pretty weak currently {image}
look at that iron ore chart mate from mid jan and decide for your self


https://twitter.com/SoberLook/status...829184/photo/1
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  • #95,690
  • Feb 22, 2016 11:58pm Feb 22, 2016 11:58pm
Quoting cold chisel
{quote} If AUD was following those prices it should have been less than then 50c a long time ago. There must be something else.
sorry chisel but had to ask how did you come up with 50c theory is it just a number thrown around or there is clear fundamentals supporting that number
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  • #95,691
  • Feb 23, 2016 12:09am Feb 23, 2016 12:09am
Quoting lasty
BHP.... ouch but you would think the AUD would tank on that being one of the blue chip stocks. Not in this market... There is a real juggle for assets and some brave souls have decided to buy some .. Always admire the brave but never sympathize with stupidity.
BHP actually closed higher. Qantas with a 600m profit was sold though. But commodity prices have rebounded this month pretty much everything is up substantially from the bottom lows. Iron ore up over 25% so there you go, combine that with the fact that the Aussie has a majority selling bias atm... see you all at 75
Don't get mad, get even!
  • #95,692
  • Feb 23, 2016 12:13am Feb 23, 2016 12:13am
Quoting blue_z_zz
{quote} look at that iron ore chart mate from mid jan and decide for your self https://twitter.com/SoberLook/status...829184/photo/1

Thanks for the eye opener blue z. Up appx. one third since low in mid Jan. In only a month. That IS BIG. I'm surprised that I hadn't come across that info anywhere B4. So I'm wondering why. China doesn't need all that iron ore. Any idea what demand has caused that spike? I'm pretty sure Roy Hill, Gina Rhinehardt's Iron Ore mine in W.A. has just starting shipping ore. I would have expected that additional supply to decrease price, at least once the shipments reach full capacity, bcus it's another big mine. I have kept up with coal price....it's still in the pits. I work in one of them. It is at times a month by month issue to move the black crap off stockpiles to discerning buyers.



https://ycharts.com/indicators/australia_coal_price
  • #95,693
  • Feb 23, 2016 12:35am Feb 23, 2016 12:35am
Quoting Blackopal
{quote} Thanks for the eye opener blue z. Up appx. one third since low in mid Jan. In only a month. That IS BIG. I'm surprised that I hadn't come across that info anywhere B4. So I'm wondering why. China doesn't need all that iron ore. Any idea what demand has caused that spike? I'm pretty sure Roy Hill, Gina Rhinehardt's Iron Ore mine in W.A. has just starting shipping ore. I would have expected that additional supply to decrease price, at least once the shipments reach full capacity, bcus it's another big mine. I have kept up with coal price....it's...
there is no fundamental support behind the commodities latest strong move right now and you are correct on the over supply and weakening demand but price is moving surly news will follow and fundamentals sometime lag price movement


but it all could be speculation
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  • #95,694
  • Feb 23, 2016 12:46am Feb 23, 2016 12:46am
Quoting blue_z_zz
{quote} there is no fundamental support behind the commodities latest strong move right now and you are correct on the over supply and weakening demand but price is moving surly news will follow and fundamentals sometime lag price movement but it all could be speculation
No fundamentals? Really?

What did you say here a few hours ago?

Quoting blue_z_zz
if people are wondering why the Aussie being bought big time just have a look at mining stocks and commodities prices
  • #95,695
  • Feb 23, 2016 12:52am Feb 23, 2016 12:52am
Quoting ruma29
{quote} No fundamentals? Really? What did you say here a few hours ago? {quote}
please read what I wrote

no fundamental behind the commodity move and not the currency
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  • #95,696
  • Feb 23, 2016 1:09am Feb 23, 2016 1:09am
another test if the aussi fails to break through look for a pullback to 0.7180 level
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  • #95,697
  • Feb 23, 2016 1:22am Feb 23, 2016 1:22am
Quoting blue_z_zz
{quote} sorry chisel but had to ask how did you come up with 50c theory is it just a number thrown around or there is clear fundamentals supporting that number
Let's go back to 2001 when AUD was as low as 47,5 cents. It was right before the mining boom started. Now the mining boom is over and I still don't understand why AUD is so high. It'll fall to at least 62,5 (support of 2008) in the future. I just don't understand why there is so much speculation and bottom fishing. But I understand that some are happy with a few hundred pips.
  • #95,698
  • Feb 23, 2016 1:29am Feb 23, 2016 1:29am
Quoting cold chisel
{quote} Let's go back to 2001 when AUD was as low as 47,5 cents. It was right before the mining boom started. Now the mining boom is over and I still don't understand why AUD is so high. It'll fall to at least 62,5 (support of 2008) in the future. I just don't understand why there is so much speculation and bottom fishing. But I understand that some are happy with a few hundred pips.
and do you think that commodities reached 2001 prices ?
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  • #95,699
  • Feb 23, 2016 1:38am Feb 23, 2016 1:38am
AUD devalued a lot over a last year. If trading on long terms, looking at economy as a whole, does anyone think Long on AUDUSD is good opportunity?
  • #95,700
  • Feb 23, 2016 1:59am Feb 23, 2016 1:59am
Hourly Chart.
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