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- dab replied Oct 10, 2012
more jobs but .3% rise in unemployment rate, a reverse of last months results. Then price was around similar level and went up. This time going up too, I don't understand. What am I missing?
AUD/USD
- dab replied Oct 10, 2012
I wouldn't say the only reason, QE3 speculation at the time might have had something to do with it....
AUD/USD
- dab replied Oct 10, 2012
If employment rate is unchanged at 5.1% then given forecast is for 5.3% (FF forecast) AUDUSD would go up as it's better than expected. If it meets forecast 5.3% then likely to have lower impact (stay in current range) or continue some downwards ...
AUD/USD
- dab replied Oct 10, 2012
& others might say we've been in an uptrend since the low of Oct 2011. Based on frequency of your posts I'd say that for you and I there have been several uptrends and several downtrends since then. Trend depends on timeframe.
AUD/USD
- dab replied Oct 5, 2012
Thanks Maximinus! Agree that there are some very good & helpful members in this thread, which is also why it doesn't hurt to reask questions in different manner focusing on what you do & don't understand. There may well be others out there that ...
AUD/USD
- dab replied Oct 5, 2012
Boom phase included recovery from GFC so to get similar scale bust I would think it requires something like the disintegration of Euro. Given your time scale suggests a year or so to that level that could happen but I expect it to be anything but a ...
Aussie Trading Room and Cartoons Gallery
- dab replied Oct 4, 2012
Thanks for all that Pair, most of that makes sense to me but I also take on board what JP said in post above yours ie that there are many factors at work and it's often difficult to predict exact reactions, especially in short term. That's why I ...
AUD/USD
- dab replied Oct 4, 2012
Thanks Pair, totally understand the first bit, right up until you said "As those markets get stronger the US currency gets weaker". I've always thought that strong fundamentals in a country lead to strong currency. Your post has made me think though ...
AUD/USD
- dab replied Oct 4, 2012
Thanks JP, will continue to monitor hear & Bear Raid for your post. Can't say I'll understand all of it but will provide any feedback I can. Keep up the great analysis.
AUD/USD
- dab replied Oct 4, 2012
I'm also confused by this. Wouldn't good NFP and employment numbers be good for USD? (Or do good numbers lead to decrease in QE3 and hence get treated as bad??)
AUD/USD
- dab replied Oct 4, 2012
I know you are bearish AUD/USD (as am I) but I'm trying to understand extent of it when you mention possibility of USD getting hammered sooner than later. As I understand it if USD gets hammered than AUD/USD will go up unless AUD gets hammered more. ...
AUD/USD
- dab replied Oct 2, 2012
Excuse my ignorance, I imagine SMSF is self managed super fund but wasn't sure about PHG?
Australian Bear Raid
- dab commented Oct 2, 2012
"but the market did not expect it to be during this meeting" (quote from article referencing a rate cut) & yet on the ASX website where you can track market pricing expectations (in futures) of a rate cut it was calculated as about 66% chance of a ...
AUD/USD Extends RBA Reaction; NZD/USD in Double Top?
- dab replied Oct 2, 2012
I'd be surprised if we don't break 1.03 on back of this rate cut. Tougher area of support should be 1.0160 to 1.0180 that's held late July & early Sept. London open in 2 hours time might see another push down.
AUD/USD
- dab replied Sep 21, 2012
Thanks for both comments on millipede thread & additional recommendation. I'm likely to read first couple of pages to generally gauge & see from there but don't have heaps of time. Will definitely let you know if I think it worth pursuing.
Aussie Trading Room and Cartoons Gallery
- dab replied Sep 21, 2012
Given it's up to page 356 would you recommend focusing on recent posts only or does info at start or all of it need to be looked at or just certain parts?
Aussie Trading Room and Cartoons Gallery
- dab replied Sep 20, 2012
Thanks Hyperion. Found general info on RBA site about management of foreign currency reserves but nothing that looked like updates of current position or charts on history. Had a look on Reuters and couldn't find the article (which doesn't give me ...
AUD/USD
- dab replied Sep 20, 2012
Gnomoneey & foxybunny, I would suggest another option if confident of 800+ pip move would be options. Catch would be whether you are confident that the move would be in the next 3 months or not as longest options I know of are quarterly, but I am ...
Aussie Trading Room and Cartoons Gallery