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AUD, Australian Dollar Discussion
mullokintyre
post Posted: Feb 28 2019, 04:19 PM
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In Reply To: early birds's post @ Feb 28 2019, 03:30 PM

Yo EB, all the fundamentals are a big negative, but still the AUD hangs in there.
When the capitulation comes, it will savage.
Buying AUD defensive stocks like CTX , CSL, and anything producing gold.

Mick



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early birds
post Posted: Feb 28 2019, 03:30 PM
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https://www.cnbc.com/2019/02/28/china-econo...mi-release.html

China factory activity shrinks to 3-year low in February, export orders worst in a decade
The official Purchasing Manager's Index (PMI) fell to 49.2 in February, data showed on Thursday, the weakest level since February 2016.
This comes as export orders fell at the fastest pace since the global financial crisis, highlighting deepening cracks in an economy facing weak demand at home and abroad.
"Unless the trade war truly turns into an extended truce, the weakening trend may not end quickly," Iris Pang, Greater China economist at ING, said in a note. "As such we expect March's PMI to fall, too."

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this type of headline could weaken aussie economy and push down AUD .



 
early birds
post Posted: Feb 8 2019, 10:41 AM
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70.60ish currently and it keeps falling. tongue.gif

if there is no trade deal between USA CHINA , then this thingy can go well below 70cps imho.




 
blacksheep
post Posted: Feb 6 2019, 01:47 PM
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In Reply To: early birds's post @ Feb 6 2019, 12:32 PM

QUOTE
The Australian dollar has taken a dramatic drop in reaction to Reserve Bank governor Phillip Lowe's speech in Sydney today, falling 0.7 per cent from 72.41 US cents to 71.86 US cents in a matter of seconds. Dr Lowe has suggested rates may need to be cut further.

"Looking forward, there are scenarios where the next move in the cash rate is up and
other scenarios where it is down," he said. "Over the past year, the next-move-is-up scenarios were more likely than the next-move-is-down scenarios. Today, the probabilities appear to be more evenly balanced."

Dr Lowe said much would hinge on the strength of the jobs market, with unemployment now at 5 per cent.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

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early birds
post Posted: Feb 6 2019, 12:32 PM
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RBA said something that knocked AUD down

just got my shorts {i pile it up for a while} in the money.

i'd keep eye on 7150ish, if it falls then open up deep down side to come imho.



 
early birds
post Posted: Feb 4 2019, 11:34 AM
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In Reply To: mullokintyre's post @ Feb 4 2019, 09:18 AM

CFD's Mick.
there is a lot out there if you are not really take huge position, i meant "huge"-----10's of millions
if you takes position less than a mill then CFD might be the way you go--------cheap and easy. but better way to spread your bets with few of them. imho

for AUD/USD the key level still around 71.50ish. i'm out of money as i shorted it little too early.




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mullokintyre
post Posted: Feb 4 2019, 09:18 AM
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In Reply To: early birds's post @ Jan 4 2019, 08:26 AM

Yo EB, what trading currency orgs are you using??
Mick



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early birds
post Posted: Jan 4 2019, 08:26 AM
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In Reply To: mullokintyre's post @ Jan 4 2019, 08:18 AM

lucky new year mick and others.
i know you are a shark mick, so what i make might be a pocket money for you... lmaosmiley.gif

to be honest, i made a port then few other stoploss will eat into it, that is the way trader's going.

wait for aud/usd back towards 70.50ish then try to short it again, my plan!!



 
mullokintyre
post Posted: Jan 4 2019, 08:18 AM
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In Reply To: early birds's post @ Jan 3 2019, 03:37 PM

So EB, how many of these events do we need till you get that rolls??
Maybe a convertible?
Mick



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early birds
post Posted: Jan 3 2019, 03:37 PM
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https://www.bloomberg.com/news/articles/201...nd=premium-asia

Traders are still seeking to piece together what happened just before 9:30 a.m. in Sydney, when orders came to sell Australia’s dollar and Turkey’s lira against the yen. While some pointed to risk aversion triggered by Apple Inc. cutting its sales outlook, others said Japanese retail investors were behind the trades. Whatever the cause, the moves were exacerbated by algorithmic programs and thin liquidity with Japan on holiday.

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i watched drop and amazed then hit buy button near the low for aud/usd made good and fast profit within 30 minutes. lmaosmiley.gif
rare opportunities , after i have a quick searched news......

but aud/usd ---going to go lower as the pare went down below 70cps, looking at FED and RBA------hmmmm gonna be lower imho!




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