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According to following links AUD can go down further. Suddenly some analysts including bank economists also have become bearish on AUD. As I said before AUD dollar has entered amulti-year bear cycle and the dollar (USD) has entered a multi-year bull cycle.However there can be dead cat bounce for AUD time to time. Intermediate trend forAUD is down now.
http://www.thebull.com.au/premium/a/38270-4-reasons-to-bet-on-a-lower-aussie-dollar.html
4 Reasons To Bet On A Lower Aussie Dollar
http://www.businessspectator.com.au...stralian-dollar-slides-under-us94c-late-trade
Australian dollar slides under US94c in late trade
My ideas are not a recommendation to eitherbuy or sell any security or currency. Please do your own research prior tomaking any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites
http://www.thebull.com.au/premium/a/38270-4-reasons-to-bet-on-a-lower-aussie-dollar.html
4 Reasons To Bet On A Lower Aussie Dollar
http://www.businessspectator.com.au...stralian-dollar-slides-under-us94c-late-trade
Australian dollar slides under US94c in late trade
My ideas are not a recommendation to eitherbuy or sell any security or currency. Please do your own research prior tomaking any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites
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Down.....
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prawn_86
Mod: Call me Dendrobranchiata
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Fell off the proverbial cliff last night. Bernanke didn't say anything we didn't already know but the selling pressure on the AUD is intense on any sniff of negative news.
Seems to have been a paradigm shift now and would take a big turn around to get back to the parity level.
Seems to have been a paradigm shift now and would take a big turn around to get back to the parity level.
tech/a
No Ordinary Duck
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Its just economics.
Restricting supply of USD will make it more valuable.
Investors in currency go where the value is.
AUD wont hold until interest rates are lowered.
As for equities.
Going down Is my view.
prawn_86
Mod: Call me Dendrobranchiata
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Yes and no. Most of this information has been in the market or known for at least 3 - 4 months, if not longer. The break down below parity kicked the market into action.
What I am trying to say is that in the last 6 weeks, there has not been any new news to cause a 13% fall. If it was simply economics, the fall would have been more gradual
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Yes and no. Most of this information has been in the market or known for at least 3 - 4 months, if not longer. The break down below parity kicked the market into action.
What I am trying to say is that in the last 6 weeks, there has not been any new news to cause a 13% fall. If it was simply economics, the fall would have been more gradual
What about sustained news of AU economic contraction from construction, manufact and mining ?
prawn_86
Mod: Call me Dendrobranchiata
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Yes that plays a part, but your key word there is sustained. If it was simply based on economics, and didn't have an irrational emotional portion of its trading, then the fall would have been more gradual. Bernanke didn't say anything last night that we didn't know, so why did it fall >2%? Fear and greed, not just economics
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Looking for signs of a rebound now.
Will possibly enter a long if I can identify it.
Short on time though.
anyone else looking ?
In my case it would have to be one of those rare occasions where one of my short term trades was at BE and did not get wiped out so it had a chance to run longer term.
There's always a price to pay when attempting to catch a trade like that.
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There may be the possibility of a revisit to the 93.55 level however I would not recommend playing in woodchipper.
I can't recall seeing such a move down before. Breathtaking and not in a nice way. I have not been in the FX market and very glad.
But try and tell others about it and their eyes look about as glazed as an iced donut.
Oh the dollar fell a few cents ? Oh well there goes my cheap books.
I can't recall seeing such a move down before. Breathtaking and not in a nice way. I have not been in the FX market and very glad.
But try and tell others about it and their eyes look about as glazed as an iced donut.
Oh the dollar fell a few cents ? Oh well there goes my cheap books.
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http://www.guardian.co.uk/world/2013/jun/20/australian-dollar-33-month-low
Australian dollar hits 33-month low
The local currency is being sold heavily as the US central bank prepares to wind down its stimulus program
Australian dollar hits 33-month low
The local currency is being sold heavily as the US central bank prepares to wind down its stimulus program
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I think it is very good at what it is designed to do.
That depends on whether you understand what it does and how you can make it work for you.
For me it is worth it.
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c'mon aussie c'mon.. rally back up to 92.5 cents. A 99% buy sentiment on the trading program I'm using. Don't let me down AUD.
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http://www.theaustralian.com.au/bus...re-rba-rate-cuts/story-e6frg926-1226673721252
Australian dollar hits Sept 2010 low on talk of more RBA rate cuts
Australian dollar hits Sept 2010 low on talk of more RBA rate cuts
I dont trade with Gann or Fibb but like to have a look every now and then, so this is the weekly chart and it often amazes me how old points of support and resistance end up having a relationship to the 50% level of the range, and in this case so do the 25% and 75% levels. Perhaps 80c will again be a significant point in a few months time and will be interesting to see if the 25% level will stop any run up (disclosure - I intraday trade this but dont hold long time frame positions, and dont care where it is, as long as it's moving).
