AUD/USD

• 1 May 2010

• #461

acouch

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Morning all
Monday's road map
have a great weekend and take care
ac

 

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• 1 May 2010

• #462

Whiskers

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Whiskers said:

Something like this would be good.

Click to expand...

MRC & Co said:

Huge, HUGE pool of liquidity above 93 especially up towards 94, including some of the worlds biggest names (RBA feeding supply in there with them). An AUD tank coincides with my 'risk off' theory here (S&P putting in a lower high), bonds rallying despite supply and equities rallying, and gold up on a CDS spread blowout (hedging currency land).

+ money markets are now factoring in higher chance of a rate rise ahead of RBA nxt wk, after strong CPI data (which is what has already been factored in these last days).

This short almost looks too easy!

Click to expand...

Hey MRC, I almost started to worry that you put the mocker on it, what with agreeing with such confidence.

acouch said:

morning,
road map end of 24hr cycle
ac

Click to expand...

Lovely result. We'll have to get the teamwork together again one day.

 

• 4 May 2010

• #463

Whiskers

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That closing price upper channel resistance seems to be continuing.

 

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• 4 May 2010

• #464

acouch

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good morning all
road map pretty much the same as yesterday's
have a great day, and good trades
ac

 

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• 4 May 2010

• #465

MRC & Co

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I think rates are going up today. Statement may still be hawkish.

If AUD sells off on this after an initial spike, it's an obvious top.

 

• 4 May 2010

• #466

Wysiwyg

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The hourly MACD has crossed down over the signal line which indicates a decline of sorts. Maybe a short squeeze first?

 

• 4 May 2010

• #467

Whiskers

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Yeah, the weekly MACD seems about to cross over too. More indications of a significant decline.

Hey, where have all the EW experts gone lately!? I've got my theory/count, but I miss bouncing off the EW experts ocassionally.

 

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• 5 May 2010

• #468

acouch

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good morning all
today's road map
have a great day, and good trades
ac

 

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• 5 May 2010

• #469

MRC & Co

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MRC & Co said:

I think rates are going up today. Statement may still be hawkish.

If AUD sells off on this after an initial spike, it's an obvious top.

Click to expand...

Well got the first right, the second wrong. Rates up, dovish statement.

Still an obvious top IMO. Think we will test the 88 region in the coming couple wks.

 

• 6 May 2010

• #470

acouch

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good morning all
today's road map
have a great day, and good trades
ac

 

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• 6 May 2010

• #471

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At last, thanks to Henry, the AUD shows signs of weakening. I had planned for A$1.20 - A$1.25 by now but raising interest rates to slow the economy and inflation has hurt my efforts.

 

• 6 May 2010

• #472

Whiskers

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noirua said:

At last, thanks to Henry, the AUD shows signs of weakening. I had planned for A$1.20 - A$1.25 by now but raising interest rates to slow the economy and inflation has hurt my efforts.

Click to expand...

I thought the AUD was showing signs of weakness long before Henry. How to you connect/attribute this weakness to Henry?

 

• 6 May 2010

• #473

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Whiskers said:

I thought the AUD was showing signs of weakness long before Henry. How to you connect/attribute this weakness to Henry?

Click to expand...

Less money will come into Australia with all the bad news over higher taxes on the key mining companies. The major coal project in Queensland and new port are now being reconsidered as well as those in NSW. Probably good news as far as coal activists are concerned though.
Higher interest rates should have pushed the AUD / USD to nearer A$1.05.

 

• 6 May 2010

• #474

acouch

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evening
updated rm..going though its 24 hr cycle
ac

 

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• 7 May 2010

• #475

acouch

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good morning all
today's road map
have a great day, and good trades
ac

 

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• 7 May 2010

• #476

Whiskers

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Well, back to the macro picture, I'm thinking my triangle may be correct.

Was getting a bit concerned it was a five wave impulse up through the line, but I think it's still within parameters to be more likely an Expanded Flat to finish off the Triangle... in which case it still has some way to go.

 

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• 8 May 2010

• #477

acouch

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afternoon all
Monday's road map
have a great weekend and take care
ac

 

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• 11 May 2010

• #478

acouch

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good morning all
today's road map
have a great day, and good trades
ac

 

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• 12 May 2010

• #479

acouch

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good morning all
today's road map
have a great day, and good trades
ac

 

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• 12 May 2010

• #480

K

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FWIW;

http://yelnick.typepad.com/yelnick/2010/05/the-case-against-the-aud.html#more