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AUD, Australian Dollar Discussion
early birds
post Posted: May 20 2019, 08:09 AM
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In Reply To: mullokintyre's post @ May 17 2019, 10:27 AM

https://www.afr.com/markets/currencies/time...20190519-p51oz5

Australian dollar shorts are at risk of an imminent squeeze and should be closed out in the likely event that the currency appreciates against the greenback when trading resumes on Monday.

As the Coalition closes in on a win in the federal election on Saturday, this has presented a surprise scenario for foreign-exchange markets guided by earlier polls favouring a Labor victory.
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a short term pump up for AUD seems likely.



 
mullokintyre
post Posted: May 17 2019, 10:27 AM
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In Reply To: early birds's post @ May 17 2019, 10:14 AM

Yep, I still hold my shorts. Probably need a belt.
Agree that 63 is next target.
Will most likely offload if we get to 65, that gives me a nice profit to upgrade my 4WD sometime next year.
Mick



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early birds
post Posted: May 17 2019, 10:14 AM
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In Reply To: mullokintyre's post @ Feb 28 2019, 04:19 PM

mick, not sure if you still hold shorts of AUD. i still have some.

if AUD doesn't hold current level, it rather will go down to 0.63ish quickly imho.



 
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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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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