AUD / USD

FTMO Trader Scouting
LOL...AUD, the speculators currency...

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I see the very positive for the AUD China economic data release resulted in a bearish move. Oops! Not economics, sentiment rules. Good for those PUT holders (so far).
 
fixed url..

It was that pesky "$" in the URL, the forum can't parse past it when automatically making it a link.

If you ever get another URL like that, just edit your post, highlight the entire URL, and click the 'url' button that's found below the 'italics' button in the formatting area. This wraps 'url' tags around the text, and makes the entire link work in your post.

It will look like this when you are editing or creating a post:
Code: 
[url]http://example.com/mad$yo[/url]

:)
 
I use Elliottwave for longer term analysis sometimes, the Dollar could be bullish for some time at this point.
 

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GdayFx said:
I use Elliottwave for longer term analysis sometimes, the Dollar could be bullish for some time at this point.
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...but your wave count looks OK and points down to complete wave C.

Actually the wave count looks fine Dan but I have to say I left EW analysis a long time ago. If you're keen, how about placing some wave counts on all the rest of that chart? :p
 
doc, you may be right regards a successful transition from mining to housing sector and a bottom being put in on rates :

http://www.abc.net.au/news/business/kohler-report/

obviously still to early to tell.

sooner housing and its associated spin-offs kick in, the better.
 
Yes, fingers crossed Alpha. An uptick in construction, especially if somewhat sustained, would be very handy, particularly given its strong multiplier effect.

I had to grin at Alan's comments about the market's view of our banks. Taking too much risk, now that's a laugh if considered in a global perspective. As for making too much money, well, what can I say?
 
So that's how China supports the AUD and our property market. ;)

http://www.bloomberg.com/news/2014-07-21/millionaire-hunters-lure-rich-chinese-to-australia.html
 
RBA intervention...? :))

The underfunded peashooter can't do much but good old Glenn wears wields a potent jawbone.

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Source: Colin Twiggs, Trading Diary, 23 July 2014

Looks like the Aussie is capped by DR2 so far today.
 
http://mobile.abc.net.au/news/2014-07-23/commonwealth-bank-fixed-loan-cut-implies-low-rate-outlook/5618428

Doc,
we did get that cut.... :)
 
I was thinking at the top of that article, "yes, the CBA and it fellow banking club members have more precision instruments than the RBA" and then saw the same sentiment expressed at the very bottom.

While some on financial markets are still betting on the chance of another official interest rate cut, Brett Le Mesurier says the Reserve Bank looks at actual borrowing costs for households, which are falling even in the absence of RBA action.

"I would be amazed if there was a future reduction in the cash rate," he said.

"I think the banks, through their ongoing increased level of discounting on mortgages and through offers such as these, will be doing the Reserve Bank's job for them of effectively reducing borrowing costs for a whole range of Australians."
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AusDoc said:
I was thinking at the top of that article, "yes, the CBA and it fellow banking club members have more precision instruments than the RBA" and then saw the same sentiment expressed at the very bottom.
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yes.....

I note the bills being revalued...
http://www.asx.com.au/prices/asx-futures.htm
 
Alpha-Bet said:
I think we can safely say we now have end to cycle of cuts.
now all eyes on housing sector......
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you calling a direction.......?
i luv lines in the sand so i can cross over.

s
 
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