AUD/USD

[Quant]

Retail created the crowd , Chinese caixin pmi dispersed them pretty quickly . AUD is one of the best data fades around but those key datas 15 minutes apart make these days difficult

 

[cogs]

Once this USD sell off loses some momentum effect on the AUD, will be time to load up again. Great opportunity with patience.
A lot of gift horses in FX at the moment +/- month

 

[cogs]

It will be interesting to see what 'the volume' want's to do with this pair with rate anouncement today and Aus and CNY GDP announcement thursday. This pair has unfinished biz up at 0.7586, either way I am not going long.

 

[Quant]

Odd one out , I reckon Australia will revert to the positive side of the ledger after fomc .

 

[cogs]

Definitely accumulating for a push up to 0.76 currently, may be a longer term push to 0.77, but personally I am not going to long this pair. I've been wrong many times before.

Hardly moved at all during British elections, so they are definitely holding it up, could be just to finish what needs to be at 0.758 - 0.76, but just like eurgbp (current gap closing), there is usually consolidation at these points.

What surprised me was how steady it held last week with 71% drop in trade balance and China's 16% drop, tells me another play is at hand, and logically most likely based around FMOC, the all mighty USD.

 

[cogs]

There are a growing number of businesses laying staff off, or simply closing the doors. The latest being Telstra and Channel 10. This employment data coming out is simply a delayed survey and should not be given any seriousness in my opinion. My guess for today will be increasing part time employment and decreasing full time, with a expected focus on part time gain to give that all important positive spin, (he sais with sarastically).

 

[cogs]

There are a growing number of businesses laying staff off, or simply closing the doors. The latest being Telstra and Channel 10. This employment data coming out is simply a delayed survey and should not be given any seriousness in my opinion. My guess for today will be increasing part time employment and decreasing full time, with a expected focus on part time gain to give that all important positive spin, (he sais with sarastically).

Well I was wrong, but these employment figures, honestly?
This is why I am short euraud and long via audnzd, he he.

 

[Quant]

And here we are with a now steepened rate curve , look out Bank stocks . Risk is rising and the XFJ is showing it , bank bad debt provisions are almost certainly now at cyclical lows .

Without deflation RBA rates haven't been below FOMC rates , I expect this to continue . If FOMC rates continue to rise RBA has hands tied , must follow

 

[Quant]

And here we are with a now steepened rate curve

For reference a forward curve 6 weeks old ( May 30 ) , yeah I know they are dynamic and a living entity . Its the trend and how it develops that matters .

 

[notting]

It looks like China hacked into the RBAs minutes ran the ausi up on the wording that was also misunderstood yesterday and kept it popping.
Now they are clarifying what the minutes meant!!! " RBA ~ financial markets shouldn't "read into" the RBA's internal debate over the neutral interest rate or assume that near-term rate hikes are inevitable in the wake of tightening by offshore central banks."

Down she goes!
Ha ha

 

[Quant]

It looks like China hacked into the RBAs minutes ran the ausi up on the wording that was also misunderstood yesterday and kept it popping.
Now they are clarifying what the minutes meant!!! " RBA ~ financial markets shouldn't "read into" the RBA's internal debate over the neutral interest rate or assume that near-term rate hikes are inevitable in the wake of tightening by offshore central banks."

Down she goes!
Ha ha

yep """ RTRS - RESERVE BANK OF AUSTRALIA DEPUTY GOV DEBELLE SAYS NO AUTOMATIC REASON TO FOLLOW RATE HIKES ABROAD """ Close the hatches

 

[Mirus3000]

It looks like a begining of big move up on weekly chart.

 

[Kryzz]

Back in the world of regular currencies, the AUDUSD has wiped out the past month's worth of gains within a fortnight. 0.74 - 0.76 looks interesting to enter partial longs for a longer term hold/hedge.

 

[qldfrog]

Not Forex trading but related ..I have a CBA USD account where a foreign customer pay me directly in USD.
What is the best way to convert these USD into AUD: CBA rate and fees are not the best as you can imagine....
any help/previous experience user who is ready to share welcome

 

[Mirus3000]

I make а convertation by interactivebrokers.com
But aud to usd. Account CBA ==> BPAY to interactivebrokers= =>а convertation

 

[qldfrog]

I make а convertation by interactivebrokers.com
But aud to usd. Account CBA ==> BPAY to interactivebrokers= =>а convertation

thanks ..can not help me but can help others

 

[greggles]

There appears to be support at around 70c from back in mid-2015. Aside from that there are the lows of late 2008 and early 2009 when it got under 65c for a while.

Will 70c hold, or will the AUD sink further?

 

[sptrawler]

You could always go back further.

https://www.macrotrends.net/2551/australian-us-dollar-exchange-rate-historical-chart

 

[kashtrade]

AUD/USD steady just above 0.72 ahead of RBA

 

[InsvestoBoy]

Huge flash crash in AUDUSD just now. Huge.

Bid/Ask spreads in the interbank spot market were very wide, I saw 6 pips width.

Managed to get a screenshot on my phone: