Jump to content

Forex Trading


RobAde

Recommended Posts

In reply to: early birds on Tuesday 23/10/07 07:43pm

Yep, it is a done deal about the Fed cutting rates. The old man Mclaren is predicting 50 basis points in his yesterday's report.

 

The AUD/USD fate will depend on the Dow somehow. AUD is viewed as a high yielding and risky asset, hence the carry trade issue will make it go higher if the US market remains bullish.

 

A lot of analysts are saying AUD is a high quality asset, and as time goes, even if the DOW goes down a lot, the AUD should hold its own eventually.

 

Lets see if this is true this time round.

Link to comment
Share on other sites

  • Replies 637
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

In reply to: crowman28 on Tuesday 23/10/07 09:37pm

A lot of analysts are saying AUD is a high quality asset, and as time goes, even if the DOW goes down a lot, the AUD should hold its own eventually.

 

--------------------------------------------------------------------------------------------------------

they are not wrong Crow.

 

buy AUD is the way to go.

 

i suspect DOW will underperform the Nasdaq big time to year end

so, my take is DOW does range bound 13200----13700, and Daq hits all time high.

if Fed cut rate twice before year end.

that will sent dollar much lower. don't think even intervine can stop it!!

 

 

Link to comment
Share on other sites

In reply to: crowman28 on Wednesday 24/10/07 11:37am

I think todays data indicates the RBA wont raise rates this year.

 

While the core was above estimates, the headline was below.

 

Not enough for the RBA to act IMO.. just the usual talk of them remaining vigilant and on watch.

 

I do beleive that they will raise rates early next year though

Link to comment
Share on other sites

In reply to: bvbfan on Thursday 25/10/07 04:15pm

sorry bvb

i meant 5years high or 4 year high??

all time high would be over that almighty 5000. imposible this year for sure!! http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

hi Crow,

how high aud'usd can go before year end?? 95c or parity??

 

 

 

 

Link to comment
Share on other sites

looks like aud/usd will find its resistance to hard to break through 92c this next week.

 

i expect it to consolidate before going through 92c when the RBA bumps up rates.

 

there is still some life left in the aud/jpy as well, should go to 106-106.5 next week with little resistance.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...