Don’t ask me why.
It’s really not that important…for now at least.
Step on up, place your bets, cover your ass.
Boom!
The Great British Pound………London banksters…..need I say more?
So…..I’ve been short the Australian Dollar for several days now and now suggest you have a good look at GBP. Let’s learn something about forex here……
I’m “short AUD” and “long GBP” so??? How about trading the pair “GBP/AUD”?? LONG! YA!?
P.S….this thing falls into the category of “face ripper” as it’s volatility is nuts ( it can swing a couple hundred pips in the blink of an eye kinda nuts) so…….please don’t go bet the farm.
I like the trade there Kong. I am already long GBPAUD but this weird mid-day push back by the Aussie is perplexing. Hey! Take a look at equities will ya? London Down, Asia down, guess what, US was down, then up, now stagnant…hm…
I’ve been long the pair a couple days now….and ya – it’s an animal.
Looking to hang in there for a larger turn.
The U.S Equites Market can kiss my ass.
Where do you see usd/cad in the near and long term
Thanks
Always tricky this pair as we’ve got such a “muddled” fundamental landscape.
Firs off….as the loonie is considered a “risk related currency” we’d have to consider it selling off in times of risk aversion (coming soon).
As well…..if we look ahead and envision the coming “depression” in the U.S – once again….hard to imagine how it’s next door neighbor will see any kind of surge.
PLUS….we are soon nearing a significant low in the U.S Dollar, and will see a significant “bounce” as fear drives sales of assets “globally”.
CAD not looking so good medium term.
Kong,
I definitely see the gbp logic and aud weakness. I am looking at nzd/usd looks to be limited upside on a weekly 87-88 and high 70’s to the downside. What are you’re thoughts on the pair with the dollar rolling over and nzd being so strong even though it has been a risk off currency historically I believe.
Thanks
Regardless of the strong fundies in NZD – NOTHING stands in the way of risk aversion…..NOTHING.
It’s “toppy” to say the least…..but in all….as I am positioning (med term) for correction in risk – NZD will fall along with AUD.
I can’t recommend shorting it “now” but will likely do so…….soon.
I had do it. Short NZD/USD hahaha…
Definitely using this news/data pop in AUDUSD to enter a short position….once it runs outta steam
A gift…….he he he……
Wow….its a “free 100 pips”.
Never look a gift horse in the mouth so they say haha
Glad I waited on nzd/usd. Must stay small… face ripper
Looks like aud from last fri one last attempt to get everyone long IMO
Isn’t it different this time…
I have a set up in the AUD/USD pair on the daily running for 9-days now…. looking for now…. too see of this will fire positive or Neg – lining up with the short Aussie….. right now I am leaning long … 🙂
Cheers Schmed,
I’m totally on board with GBP strength and scooping up more long GBP/CHF and GBP/NZD at huge discounts today.
The AUD data hardly seems that convincing, and looks like a pre-programmed pump to me. Looking for the collapse any minute
My first ever live trade – stepped off at 60pips ! So different with real money.
One thing that i cant seem to understand is , it takes 4 to 5 days for AUD to come down 100 pips and just one to go back up more than 100 pips ,, what is with AUD ,,with all the negative data coming out of china , copper collapsing and Australian economy going down it should be around 0.86 now ,, -_-
The entire currency market is generally grinding away here as the U.S Dollar seeks out a low.
Interestingly, even “as it does” there has been very little movement until last night really – and now it’s getting late in the move.
A couple more days perhaps, and considering the “lack of real movement” short USD, one might consider that positioning has already begun for the “big move” when USD bounces out of the low.
The continued move higher in NZD makes sense as of the rate hike, and even though China news continued to come in BAD – AUD is keeping it’s head above water – for now.
Remember…things don’t come crashing down from the lows.I see the AUD “survival” here as a last ditch effort / move, as I think it’s safe to say we know what’s coming next.
When?? Gees……this thing can grind sideways for a loooooong time.
NZD is about to turn off here. US had a mix data. Wait USD bounce from the low, all ppl here makes big time.
Will AUD go down 300 pips? (Wondering)
NZD/USD may strong by the “rate hikes” but tomorrow is another story. At least US was doing ok for today.
I think you will be O.K here Carey as “yes” its looking a bit toppy so….just be careful.
AUD will go down 300 pips ( and more I believe ) – it’s just a matter of “when”!???
Am nv worried for my aud positions. In fact i am sweating for my NZD positions. Lolz…
And even tho there is the bull on 2nd target on NZD. But for sure it will U-turn to down if USD getting better.