"Timing Is Everything. Really I Swear It Is"
- Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
Commodity Currencies Trader 0 replies
Commodity Based Currencies UP/DOWN and About 13 replies
Commodity Currencies: AUD, CAD and NZD 172 replies
Are good times for commodity currencies coming soon? 0 replies
AUDUSD - No love for commodity currencies? 38 replies
DislikedI think I'll throw a new and important subject out to all. What are some intelligent and intuitive opinions on what Australia's CPI will do to the commod's tomorrow?
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DislikedInteresting to see that the manufactured rally in Kiwi stopped at 7670, which is right on a 4HR Fibo level(I realized that means nothing coz I didn't post a chart). 4HR fibs are 7934 - 7505. It's also very close to the 50pct of the last move from 7932 - 7383. It's far too early for a short signal yetIgnored
DislikedIt appears that Kiwi and Aussie are gaining momentum and moving up. Mid time frames MA's have fallen into a perfect order. Kiwi has established itself over 7670 and the Aussie will stay above 8740.
This is a "Carry" move as the yen has broken out of it's 4 HR channel and there is a nice daily pin, which could signify a bottom for now.
I am skeptical about any follow through above 7930 and 9000 as this could be a dead cat bounce.
Current trades : Long on Kiwi from 7695
On a side note. I was thinking at what point down the road will the yen and the commod's move in the same direction (yen strengthens AND commod's strengthen, as opposed to know where they move in opposite directions due to the carry connection.
When will the USD be considered a "low yielder" or funding currency instead of the risky yen? Interesting times ahead as always.Ignored
DislikedUSD has been the funding currency for carries since the first 50bps cut.Ignored