prawn_86
Mod: Call me Dendrobranchiata
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Still looking very sick on the weekly chart. 8 out of the last 9 weeks have closed lower, and nothing to give it any sign of helping a turn around soon
>Apocalypto<
20.03.2012
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86 cents starting to look very realistic.
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http://www.businessinsider.com.au/why-the-australian-dollar-is-getting-slammed-2013-7#share
Why The Australian Dollar Is Getting Smashed Today
Why The Australian Dollar Is Getting Smashed Today
Very very realistic. High chance the RBA will cut interest rates at the next meeting on tuesday. The aud/usd will fall again and i see it going to around 83-80 cents or so in the next few weeks. Its at around 89cents now
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I reckon the market is pretty short and the rate cut all but priced in. I see it as rate cut, take out stops below lows, big sustained short squeeze up for rest of day
In the small chance that they don't cut the rates, I be blind-clicking the buy market button and going to the pub
Edit: more than .25 rate cut, I be going to IGA for a bag of goon
Edit 2: Just hope we don't get rate cut, stops taken out both sides and tiny range for rest of day
In the small chance that they don't cut the rates, I be blind-clicking the buy market button and going to the pub
Edit: more than .25 rate cut, I be going to IGA for a bag of goon
Edit 2: Just hope we don't get rate cut, stops taken out both sides and tiny range for rest of day
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completely agree with your thoughts on hav. I'm talking from a bond perspective but I think the cut is factored in. if they didn't cut ill be smashing sell as hard as I can, if they do cut ill be looking to fade any spike. If they make 2 cuts ill probably be picking my apple up off my desk and walking out.
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Kind have to do this with bonds, if i remember correctly they don't like to retrace much to give you a second chance to get in, but react a bit slower to the news than the currencies/equities?
I have to say I don't miss trading bonds (I should say 'trying' to trade them).
I wrote a post today about a book that might help with some spread trading ideas if you're interested https://www.aussiestockforums.com/forums/showthread.php?t=23221&p=787545#post787545
Book isn't about spreading but some of the global macro ideas have a very similar concept.
Could never get my head around spreading at the time either!
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You're not alone, I cant get my head around any of it either.
Correct they don't really trade the same way as equities indices + currencies. there are some similarities however.
ill have a look at the book
good luck this afternoon!
Correct they don't really trade the same way as equities indices + currencies. there are some similarities however.
ill have a look at the book
good luck this afternoon!
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After the range so far i'm really starting to get a feeling this will be the scenario
I reckon we go break low, then break high and end up somewhere in the middle looking like this > until europe
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I'm wrong on all accounts, at least my consistency is second to none. Looking like slow grind to the upside without the break down. I didn't have the balls to get in without the break to the downside first in case they were doing the old switcheroo, gets me every time...
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they cut and the bonds went offered straight away. incredible (and pretty impossible to trade to be honest).
JLM Financial
JLM Financial
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The price action after the rate cut was a classic buy-the-rumour-sell-the-news (or in this instance sell-the-rumour-buy-the-news). I'd say the 5-day rally was also due to China import data being way above expectations, from 1% to 10.9%.
Nonetheless, the Aussie still seems like it's in a strong down-trend.
Nonetheless, the Aussie still seems like it's in a strong down-trend.
AUZ..UD.. 4 hr udate goes well at mo any how..
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JLM Financial
JLM Financial
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Sep-taper expectations rising and with analyst forecasts of further RBA cuts, definitely bearish on the Aussie in the longer term.
