You guys keeping a close eye on AUD/JPY?
This thing moves with “risk” – ALWAYS.
Seeing it trade flat for the last 2 months – What might you discern from the ugly candle forming here today? Is it only “Australia related”? I think not.
Pull up Chinese markets and watch The SP 500 fade here shortly.
We very well may be on the cusp of significant move lower in risk, as we move into the weekend and Greece continues to take the headlines. Don’t be fooled.
Can you honestly imagine a single Central Banker or large scale institutional investment firm that doesn’t “already know” what’s going on? Common.
We don’t put on trades moving into a weekend like this……that’s full blown retarded.
We’ll pick up Sunday night….as there is nothing to see here today.
Get outside. Go drink some beer.
Nice, and well written.
Hi Kong,
Found your blog while searching for EUR/AUD stuff and must admit your comments on the aussie and his infamous crosses are pretty spot on!
I’m not (yet?) a fan of the Sterling so i’m more focused on trading EUR/AUD and recently on the short side around the 1.60 level in and out until FOMC but expecting something big on the downside, down to 1.475 eventually before year end.
I’m willing to discuss pros and cons with you but first wondering what your stance is on the pair?
I’m guessing you were bullish from 2014 but are you still bullish at these levels, especially lower 70s for the aussie…
Hoping to read more from you.
Cheers
Vincent
Hi Kong,
Found your blog while searching for EUR/AUD stuff and must admit your comments on the aussie and his infamous crosses are pretty spot on!
I’m not (yet?) a fan of the Sterling so i’m more focused on trading EUR/AUD and recently on the short side around the 1.60 level in and out until FOMC but expecting something big on the downside, down to 1.475 eventually before year end.
I’m willing to discuss pros and cons with you but first wondering what your stance is on the pair?
I’m guessing you were bullish from 2014 but are you still bullish at these levels, especially lower 70s for the aussie…
Hoping to read more from you.
Cheers
Vincent
Rock n roll ma man.
EUR|AUD fits into the “faceripper” category and requires HUGE respect and extremely wide stops.
Im staying away from it for now.