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AUD/USD

  • #101,561
  • May 29, 2017 6:22pm May 29, 2017 6:22pm
GOLD went higher
AUDUSD went lower

Attached Image (click to enlarge)
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This is not investment/trading advise. Will not hold accountable for loss
  • #101,562
  • May 29, 2017 6:38pm May 29, 2017 6:38pm
thats the problem with correlations sometimes they don't hold true
I will get my head around this, but always can be wrong
  • #101,563
  • May 29, 2017 7:05pm May 29, 2017 7:05pm
Quoting yousername
GOLD went higher AUDUSD went lower {image}
Gold is a relatively insignificant export from Australia, when taken in the context of all exports. It is lost somewhere in item no. 3 in the following list. Any correlation between gold and the A/U is most likely generally attributable to the fact that frequently commodities move in sympathy with one another, so gold up, other commodities up, supports A/U.

On the other hand, gold tends to move up when risk off sentiment applies in the general market. At these times, A/U and gold tend to flow in opposite directions. I personally favor the likely hood of the second scenario, considering Trump has just signed deals to sell hundreds of billions of dollars worth of arms to a country in the currently most volatile region of the world, and his rhetoric against Iran and N. Korea is likely to escalate. Risk off, gold up, A/U down.


The following export product groups represent the highest dollar value in Australian global shipments during 2016. Also shown is the percentage share each export category represents in terms of overall exports from Australia.

  1. Ores, slag, ash: US$48.9 billion (25.8% of total exports)
  2. Mineral fuels including oil: $47.5 billion (25.1%)
  3. Gems, precious metals: $15.8 billion (8.4%)
  4. Meat: $8.3 billion (4.4%)
  5. Cereals: $5.1 billion (2.7%)
  6. Machinery including computers: $4.9 billion (2.6%)
  7. Inorganic chemicals: $4.7 billion (2.5%)
  8. Optical, technical, medical apparatus: $2.9 billion (1.5%)
  9. Aluminum: $2.9 billion (1.5%)
  10. Electrical machinery, equipment: $2.7 billion (1.4%)

  • #101,564
  • May 29, 2017 7:38pm May 29, 2017 7:38pm
thankyou I just learnt something
and I thought sheep would have been in there
the No2 and the gas industry crying poor for domestic consumoption makes me laugh
I will get my head around this, but always can be wrong
  • #101,565
  • May 30, 2017 1:28am May 30, 2017 1:28am
I'm short on this.
  • #101,566
  • May 30, 2017 3:25am May 30, 2017 3:25am
Still not convinced with any price on this pair at the moment.

Sticking to commodities and indices at the moment.

Forex going a bit nuts of late.
  • #101,567
  • May 30, 2017 7:13pm May 30, 2017 7:13pm
Quoting jpcashflow
Still not convinced with any price on this pair at the moment. Sticking to commodities and indices at the moment. Forex going a bit nuts of late.
Ikr.. looking for a short if it can hit ~0.75 again.. I believe the temporary strength was built upon the Super saiyan Brother NZD.
Muahahahhahah...
  • #101,568
  • May 30, 2017 10:16pm May 30, 2017 10:16pm
Quoting yousername
GOLD went higher AUDUSD went lower {image}
Quoting Blackopal
{quote} Gold is a relatively insignificant export from Australia...
copper?
  • #101,569
  • May 31, 2017 4:35pm May 31, 2017 4:35pm
Quoting Arx
{quote} Ikr.. looking for a short if it can hit ~0.75 again.. I believe the temporary strength was built upon the Super saiyan Brother NZD.
HHAHAAHAHA Love it...
Attached Image
  • #101,570
  • May 31, 2017 10:53pm May 31, 2017 10:53pm
http://www.news.com.au/finance/econo...86eb639a322b4c

The answer is yes .. Its been over 2 generations that people have never experienced a recession in Australia.

They have had the benefit of property prices keep rising which they can survive by utilizing the equity and living off it .

Businesses are charging inflated prices for stupid things .. Last night I saw a pub special .. Beer and sausage roll $18 .. WTF ?

Behind the times ..

I think the economy is in for a correction of some sorts .. How deep no one knows but its best to be on the side of caution
  • #101,571
  • May 31, 2017 11:58pm May 31, 2017 11:58pm
Possible next movement for AU.

Bought at the day's low at around .7384, SL .7380.
TP: not set yet.

Manage your risks. This is not trade advice.
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  • #101,572
  • Jun 1, 2017 12:09am Jun 1, 2017 12:09am
Quoting lasty
http://www.news.com.au/finance/econo...86eb639a322b4c The answer is yes .. Its been over 2 generations that people have never experienced a recession in Australia. They have had the benefit of property prices keep rising which they can survive by utilizing the equity and living off it . Businesses are charging inflated prices for stupid things .. Last night I saw a pub special .. Beer and sausage roll $18 .. WTF ? Behind...
I think Australia Recession is allready in play... I work in real estate and 80% of my listings have been listed because people cant simply afford their mortgage on their own home or investment property.
  • #101,573
  • Jun 1, 2017 12:37am Jun 1, 2017 12:37am
Quoting SkyrEk
Possible next movement for AU. Bought at the day's low at around .7384, SL .7380. TP: not set yet. Manage your risks. This is not trade advice. {image}


Going well, approx 35pips in profits.
SL to Breakeven.

Cheers!

I will post my final P&L when i take profit on this trade.
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  • #101,574
  • Jun 1, 2017 4:32am Jun 1, 2017 4:32am
Quoting SkyrEk
{quote} Going well, approx 35pips in profits. SL to Breakeven. Cheers! I will post my final P&L when i take profit on this trade. {image}
Hi, why so sure of the large up move with big fundamentals looming?
  • #101,575
  • Jun 1, 2017 6:27am Jun 1, 2017 6:27am
Quoting galvcore
{quote} Hi, why so sure of the large up move with big fundamentals looming?

I wasn't sure, i just trade according to my trading plan. There is never a single trade that is 100% correct out there
  • #101,576
  • Jun 1, 2017 7:29am Jun 1, 2017 7:29am
Quoting SkyrEk
{quote} I wasn't sure, i just trade according to my trading plan. There is never a single trade that is 100% correct out there
Yeah sure, was just interested as I was wanting things to go that way myself, all looks very bearish now, cheers
  • #101,577
  • Jun 1, 2017 9:38am Jun 1, 2017 9:38am
Audusd=x should be dropping until 9th. That is the pattern it has following for the last year.It started the drop on 28th-9-11th then it changes and until the 28th.
  • #101,578
  • Jun 1, 2017 7:03pm Jun 1, 2017 7:03pm
Quoting solomonn1
Audusd=x should be dropping until 9th. That is the pattern it has following for the last year.It started the drop on 28th-9-11th then it changes and until the 28th.
AUD will start to pick up in JUNE. May has never been a good month for both the ASX and AUD Currency.

AUD looks relatively cheap....

I got a gut feeling that a ASX 200 and Nas and S and P correction is due.
  • #101,579
  • Jun 2, 2017 2:26am Jun 2, 2017 2:26am
Quoting 1GoodTrade
This chart is my Aussie forecast for the week ahead: {image} Regards, 1GoodTrade --------------------- Follow me on twitter: https://twitter.com/Daytrader213

This is an update to my forecast I've made at the beginning of the week.

I've nailed every swing in the market so far. Lets see how it will react to the NFP numbers.

First chart is the chart I've posted at the beginning of the week with my forecast and the second chart is a snapshot.

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Regards,
1GoodTrade
---------------------
Follow me on twitter: https://twitter.com/Daytrader213

  • #101,580
  • Jun 2, 2017 2:54am Jun 2, 2017 2:54am
Quoting 1GoodTrade
{quote} This is an update to my forecast I've made at the beginning of the week. I've nailed every swing in the market so far. Lets see how it will react to the NFP numbers. First chart is the chart I've posted at the beginning of the week with my forecast and the second chart is a snapshot. {image} {image} Regards, 1GoodTrade --------------------- Follow me on twitter: https://twitter.com/Daytrader213
Do you still see this reaching .7328 or near?
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