AUD

[Kauri]

What... the sun going down (below the horizon) on skippy? :

hope it's not coming up now...
looking idly for another pattern to form..

Cheers
............Kauri

 

[Kauri]

hope it's not coming up now...
looking idly for another pattern to form..

Cheers
............Kauri

fairly wide range... butt may be ledging???
Cheers
............Kauri

 

[Kauri]

Press reports speculating that NAB and ANZ may announce fresh write- downs of A$1bn a piece didn't stop some bargain hunting in Australian equities, and although the market closed down 1.55%, custodians noted decent demand for Australian stocks from their accounts. Similar "bottom fishing" was noted by one of the global European banks that cited strong demand for A$ in early morning trading yesterday, and through the day.

I'm on the sidelines for the times being.. waiting for direction..
always remembering the money can flow out as easily in... a la huas drawers..

Cheers
............Kauri

 

[Kauri]

TF is way beyond my normal... butt is interesting ... I tink..
Cheers
..........Kauri

 

[Kauri]

I'm not convinced.. the employment index component of the "services ISM" was down - and with poor initial claims data this morning (up 15k) that was lost in the ECB shuffle, it bodes poorly for non-farm payrolls data, particularly as the ADP report foreshadowed -33k.... waiting... patiently... good whisky takes time to mature... like me ..

Cheers
..........Kauri

 

[Kauri]

TF is way beyond my normal... butt is interesting ... I tink..
Cheers
..........Kauri

Liffes hard... then you.. uumm.. (c'mon IVC)..
I guess she broke... I dislike that word.. broke.., for some raison..

Cheers
............kauri

 

[caribean]

I was anticipating a long myself, on EUR and AUD....but we know what happened

 

[BentRod]

Where are Budgie man, your missing all the action

 

[BentRod]

All the other pairs going nuts too.

 

[Kauri]

Where are Budgie man, your missing all the action

just letting the robot trade for me while I take an unearned spell.... unsurprisingly it does a better job of it than me..
Cheers
...........Kauri

 

[BentRod]

Skip sitting bang on that weekly trendline support.

Make or break time.

 

[Kauri]

missed that one... but probably won't be much direction until the US data..

Cheers
............Kauri

 

[BentRod]

Kauri,
Regarding Fridays, do you take many trades?

The price seems to whipsaw more than all the other days and towards the end pretty much does nothing.
Given your wisdom in the FX markets, what is your approach?

Cheers.

PS...A serious answer bigboy

 

[noirua]

This sudden turn in the fortunes of the Aussie, makes it look, as if many people are going to be severely burned. It could be "jump out of the window" time, as in 1929-32. Any Banks that have gone big-time on this, the wrong way, may well be bust now. Au$1.232 to the US$1, at present.

 

[caribean]

This sudden turn in the fortunes of the Aussie, makes it look, as if many people are going to be severely burned. It could be "jump out of the window" time, as in 1929-32. Any Banks that have gone big-time on this, the wrong way, may well be bust now. Au$1.232 to the US$1, at present.

Any person or corporation that has sat on their hands watching their fortunes disappear in this manner deserves to loose everything, but somehow i don't think too many serious investors, or traders are sitting on such a huge loss.
80 cents should have been anticipated (eventually) as the most likely target (if not beyond), but you might ask why did it not make it to much expected parity level?....well that says it all, doesn't it?

 

[noirua]

Any person or corporation that has sat on their hands watching their fortunes disappear in this manner deserves to loose everything, but somehow i don't think too many serious investors, or traders are sitting on such a huge loss.
80 cents should have been anticipated (eventually) as the most likely target (if not beyond), but you might ask why did it not make it to much expected parity level?....well that says it all, doesn't it?

View attachment 23782

Excellent chart that seem to show the Aussie at a support level of around 80 cents. However, there is another at 70 cents if it fails to hold.

 

[JTLP]

Am overseas atm...can somebody please fill me in on why the AUD is getting absolutely smashed (esp against the USD).

Have we had rate cuts or anything? Gah I thought going around the world at this stage was fantastic...80cents against the USD

 

[caribean]

Am overseas atm...can somebody please fill me in on why the AUD is getting absolutely smashed (esp against the USD).

Have we had rate cuts or anything? Gah I thought going around the world at this stage was fantastic...80cents against the USD

We didn't know you were overseas, now that we do know we'll push it up...umm, how high do you want it to go? just name your price:

 

[BentRod]

A perfect summary of events Caribean

 

[JTLP]

We didn't know you were overseas, now that we do know we'll push it up...umm, how high do you want it to go? just name your price:

Sorry Bahamas I was looking for a real answer as I don't have time to look at markets and news etc...so was basically hoping somebody could summarise for me.

Too much to ask? xoxo