Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
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- 205
As another option, a lot of banks (e.g. Citibank) offer clients the ability to write options and sell them back to the bank.
http://www.asx.com.au/products/warrants/types/currency.htm
To answer my own question.
Interest rates left on hold weakened the AUD though signals are for a 0.25% increase next time, and I don't expect the AUD1.15 rate before March against the USD. Trading and growth in Europe and America are ongoing factors and thoughts that future winters may not be as bad across the pond.
BP's poorer than expected profits may also bear down on the AUD, even if interest rates point to 4.5% before years end.
At some point interest rates in America will push on up and that may well coincide with higher interest rates at the short-end both in Europe and the US.
Hi guys,
Everyone is so bearish right now. None of you managed to predict the move properly last time - what makes you think you will get it right this time?
Weekly closes above 0.86 for this pair keep me bullish.
updated audusd chart
have a great evening
a:couch
But what does it all mean!
On my weekly chart, I originally thought it might fall a bit lower into the low 80's, but given what I think is a pretty much completed Flat correction, it may have bottomed and set to surge higher.
I'm working with a '1', '2' count atm, but equally it could be 'iii', 'iv' with my current 'iii' extending.
just curious, so you enter as price moves away from your s/r, as long as it is with the MAs, and exit at the next s/r it hits? and trail stops?all nos are strong support/resistance nos..
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