AUD

[Kauri]

Hi Reece,
Some spirited defence of 9150 options going on I think... if we manage to break through there..
Cheers
..........Kauri

 

[reece55]

Hi Reece,
Some spirited defence of 9150 options going on I think... if we manage to break through there..
Cheers
..........Kauri

Yep, so far fairly heavy resistance down near that level....

I have to go to sleep tonight, so my stop is in place at about 92.30 - lets hope the US session yields some profits!!!

All the best Kauri...

Cheers
Reece

 

[Kauri]

Not a lot either way today..
Cheers
...........Kauri

November 6 The AUD/USD opened in Sydney around 0.9207 and has traded
a 0.9204/36 range so far. Conditions have been very thin and skittish today with
most of Australia more interested in betting on the Melbourne Cup than watching
boring Asian FX markets. The pair has had a bid tone for most of the day ahead
of tomorrow"s interest rate decision and hit the highs of the day over lunch
when an Asian sovereign name paid a few small offers around the place. The pair
however came off hard to 20 offered before bids reappeared. With tomorrows rate
decision a forgone conclusion may traders were suggesting tomorrows decision
might prove to be the classic buy the rumour sell the fact situation. Others
there is little interest to sell AUD other than on equity woes with many model
funds rushing to sell JPY crosses (and in particular AUD/JPY) when stocks drop
quickly. Most of Asia today concentrated on the Hang Seng after y"days 5% drop
but despite being volatile, the index was last up 0.3% giving dealers few fresh
leads. Plenty of newspaper reports today on investment banks and their subprime
woes but none had any currency impact.

 

[waz]

A huge amount of activity in the last 24 hours but no new post.

After hitting 94c, it dropped to 93.10 with a small bounce, then fell 1.3c in a few hours. In a few mins it managed to fall about 0.6c. Down to 91.90

Then again rapidly went back up to almost 93 and is now 92.6.

Huge swings in a very short timeframe, with really no new news.

Its looking like it will trade within the band of 92 to 93 for the next few hours.

 

[Kauri]

Huge swings in a very short timeframe, with really no new news.

.

waz,
A little more to add to the big story out of China yesterday coupled with the rush to risk aversion which struck yesterday...

November 8 The AUD/USD opened at 0.9275 in Sydney and has traded a
0.9190/0.9300 range so far. Volatility was back with a vengeance today; the
first move was hard down in the twilight zone between NY close and Asia open.
With stocks down 2.5% across the board on Wall Street, a sharp move lower in
USD/JPY was tripped on the break of 112.60. It was stop loss city below 50 and
the pair touched 112.02 before recovering. AUD/JPY fell from around 105.60 to
103.10 in a heartbeat. AUD/USD touched 0.9290 before doing a quick u-turn. Once
Tokyo opened, Japanese importers came searching for offers in USD/JPY and the
AUD/USD and AUD/JPY quickly regained their poise. Needless to say what happened
here today happened in thin market conditions and one should not over read the
situation. The weak US dollar theme remains the overriding consideration and
whilst the AUD was buffeted, it would be a brave call to say we have seen the
end of AUD strength this year. Y"days RBA statement got plenty of coverage with
some analysts saying the hawkish comments point to a Dec rate hike. Others
disagree saying RBA needed to be hawkish as hike came during a federal election.

 

[Kauri]

Interesting to see if it takes out the triangle??
Cheers
..........Kauri

 

[Kauri]

Interesting to see if it takes out the triangle??
Cheers
..........Kauri

Skipping along nicely...the possible 1.62% W3?? may hold her for a while...
Cheers
..........Kauri

 

[tayser]

some sensational moves on the Yen cross last night (and a very nice one only an hour ago!) - all up you could have scalped well over 100pips quite easily.

 

[Kauri]

Have brought my stop in close... wouldn't be surprised at a little rally around here... the yen has strong support at 110 and may possibly direct where we go short term from here... if stop is taken will be looking for another leg down.. soon-eventually
Cheers
.........Kauri

 

[ithatheekret]

Patiently waiting to see if 90/89.90 is tested again ....... waiting to pounce if achieved ...... but it may put up a struggle trying to get there .

Already riding a short EUR against the JPY , waiting to see if 161.8 holds support or sets off another freefall .

 

[ithatheekret]

Scratch that ..... I'm in @ 90.184

 

[ithatheekret]

90.212 scalp , retest coming up

 

[ithatheekret]

oooh ..... 160.80s for a second scalp with the eur/jpy .

action there too .

 

[ithatheekret]

Took a reversal postion on that trade and could well , reverse it again .

It just shows the distinct difference in time frames for forex traders , who whilst looking ahead are really working on 15+ min. time frames , see the trend hitch a ride , but ..... if you really want volatility , there are spurts of it daily in most crosses . Up , Down , it all works .

 

[Kauri]

Have got out of the habit of playing in the counter-trends... looks like 9050-9100 may possibly be on the cards though???
Cheers
........Kauri

 

[reece55]

Have got out of the habit of playing in the counter-trends... looks like 9050-9100 may possibly be on the cards though???
Cheers
........Kauri

Your game Kauri, the selling across the higher yielding currencies has been an interesting trend since Friday's dramatic moves....

The AUD continues to be under significant selling pressure due to the buying in yen.... I'm going to sit on the sidelines at present with this pair...... Best of luck with the trade... However, there is normally a bounce after such a dramatic move....

Cheers

 

[Kauri]

Your game Kauri, the selling across the higher yielding currencies has been an interesting trend since Friday's dramatic moves....

The AUD continues to be under significant selling pressure due to the buying in yen.... I'm going to sit on the sidelines at present with this pair...... Best of luck with the trade... However, there is normally a bounce after such a dramatic move....

Cheers

Not as game as that Reece.. .. I'm over playing in the counter-trends... just biding my time waiting for this bounce?? to play itself out before re-establishing my shorts... still of the opinion we are looking for something around 8750-8550.. maybe...
Cheers
.........Kauri

 

[reece55]

Not as game as that Reece.. .. I'm over playing in the counter-trends... just biding my time waiting for this bounce?? to play itself out before re-establishing my shorts... still of the opinion we are looking for something around 8750-8550.. maybe...
Cheers
.........Kauri

Sorry Kauri, misread your previous statement... You can get burnt trying to play those counters.........

Yep, I think a short is the way to go here, and I'm aiming for at least the 87 level, but the darn bounce just isn't forthcoming at the moment.... perhaps 90 and bit is all we will get??? Don't wanna jump the gun here.....

Cheers

 

[Kauri]

Short both the Skippy and Yen... tight stops..
Cheers
..........Kauri

 

[Kauri]

Short both the Skippy and Yen... tight stops..
Cheers
..........Kauri

Taken on a flag type set-up... W4??
Cheers
.........Kauri