AUD

[BentRod]

Skip is having a nice little run into the Euro session.

Long from 65.52 and just got pinged at BE on a second one.

Be nice to trade AUDJPY instead but I can't as I still have a longer term short on

 

[BentRod]

Nice bounce off the top border on the 4hr chart.

Wonder if we will test those lows now?

That intervention in the 60's almost gaurantees a retest IMO.

 

[Wysiwyg]

Nice spotting, looks like a great set up for a decent descent and break-down through the triangle.A break soon it would seem.

 

[Naked shorts]

Be nice to trade AUDJPY instead but I can't as I still have a longer term short on

Dont you think all the carry trades are already unwound? The recession in japan doesnt worry you either?

 

[BentRod]

Dont you think all the carry trades are already unwound? The recession in japan doesnt worry you either?

No idea about all that fundamental crap, I just go by the charts.

I'm still waiting for a touch on the bottom of the channel on the monthly chart.

https://www.aussiestockforums.com/forums/showpost.php?p=351386&postcount=204

In hindsight I should have closed it out earlier but given the way AUDJPY has mirrored equities I thought may aswell leave it on.

 

[Wysiwyg]

At present the upper trend line of the triangle is being rubbed and may even attempt to break through it!

A breakout out of a bullish pennant formation maybe the near term scenario.

 

[Wysiwyg]

I`m a half mast fan so in my books a target of .6800 to .6820 is statistically possible in this move.

Always a risk of stepping in dog doo doo posting targets but what the heck, one can either be right or wrong.

 

[Wysiwyg]

Swinging to the 5 minute chart shows a common head & shoulders formation with the neckline broken.

Trouble is it wasn`t broken with any real conviction.The tribe presently deliberating or "building a cause".

 

[Indie]

I'm still shorting, stock market looks like it's readying for another brutal leg down, the AUD will follow it IMO.

 

[arco]

THE Australian stockmarket has fallen after the $US14 billion ($A20.84 billion) emergency bailout for United States automakers collapsed in its Senate.

The already jittery All Ordinaries index accelerated downwards after news the deal was scuppered by union wage issues to be down 3 per cent to 3435.

The benchmark S&P/ASX200 also fell 3 per cent.

The United Auto Workers refused to accede to Republican demands for swift wage cuts.

Senate Majority Leader Harry Reid said he was "terribly disappointed" about the demise of an emerging bipartisan deal to rescue Detroit's Big Three automakers.

He spoke shortly after Republicans left a closed-door meeting where they balked at giving the automakers federal aid unless their powerful union agreed to slash wages next year to bring them into line with those of Japanese carmakers.

Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the union was willing to make the cuts - but not until 2011.

Reid was working to set a swift test vote on the measure Thursday night, but it was just a formality.
The bill was virtually certain to fail to reach the 60-vote threshold it would need to clear to advance.

Reid called the bill's collapse "a loss for the country," adding "I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight."

http://www.news.com.au/couriermail/story/0,23739,24789826-953,00.html

 

[1080p]

If US Retail sales are worse than expected overnight as well as the failed auto bailout we probably will see some flight from the AUD again.

 

[BentRod]

If US Retail sales are worse than expected overnight as well as the failed auto bailout we probably will see some flight from the AUD again.

I wouldn't count on that.

Last Friday we rallied on the worst job loss figures since 1974.

 

[Wysiwyg]

There we go, a bit more conviction that time.

 

[Naked shorts]

I'm still shorting, stock market looks like it's readying for another brutal leg down, the AUD will follow it IMO.

Good call, I hope you followed through with this

 

[Indie]

Good call, I hope you followed through with this

Yes. In and out with my new IB account. The faithful YEN rules again.

 

[>Apocalypto<]

Aussie and EUR cutting losses to the USD.....

come on Aussie battler I want to buy some usd tomorrow morning!

:band

 

[Naked shorts]

i wish the spot forex market was always open

 

[tayser]

lol would be nice eh.

 

[Indie]

I'm going in for some action against the Yen for something different.

AUD at 60.14
EURO at 122.08

Looks like a decent market rally for the next couple of days.

 

[Indie]

In and out for a small profit. Japanese govt thinking of abolishing capital gains tax on profits from foreign investments. Sound like they are trying to encourage repatriation of YEN. This is bullish.