Closed short for +49 pips. Currant account and interest rate decisions due today. have an open order for another short at 1.0488 should this fall below this level.
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I have a fair bit of USD I want to change to AUD shortly. Any idea when is a good time to do it? Don't need to use the money immediately... but it is sitting there on 0% interest vs around 5% in Oz.
Perplexed as to why the aus dollar dropped against the green back after last nights stimulus announcement.... The dow and S&P500 dropped yet the USD rose :confused: I would have thought the aussie dollar would be better off comparatively
What country can print money and increase the value of their currency...
Am I overlooking the obvious?
hello and happy new year.
looking to enter short on aud, looks like a correction is commencing which should provide some resonable pips to the downside.
3 wave structure , most likely price will double top with a B wave at 1.0680 ish then should see a C WAVE moving price down , initial target 1.05 .
i wil look to count 5 waves down which should then provide another long opportunity.
short 1.0670 stop 1.0730 target 1.05
hey DA
happy New Year to you too
If you've been stopped out you may want to have another go I reckon... maybe stop just above 760 this time
hard to believe the Aussie is at 1.7
hi peat , got stopped at breakeven but still like the short side , 1.0750 should prove resilient, im short from 1.0730 and looking to add if we get some momentum.
i cant quite believe it as well, 25 base rate cut by the rba next week with another 100 in the pipeline and we get vertical takeoff .???
twiggs says the world is preparing for QE3
i personally think QE3 is a done deal but will probably be delayed as the equity markets rally in the short term.
a chart of the FEDs monetary base gives a indication of the extent of the reflationary monetary policy of late fighting the deflating economy.
i think LTRO 2 has even exceeded the FED .
you know its all going to end in tears unfortunately it will be our kids tears !
http://i183.photobucket.com/albums/x...9/fedbasea.png