However, a short term rebound is likely based on AU D1 DBXLite below.
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DislikedHowever, a short term rebound is likely based on AU D1 DBXLite below. {image}Ignored
DislikedI expect the technicals to catch-up soon "The outlook for the year will remain challenging. Foreign exchange will reduce fiscal 2015 sales by 5% and net earnings by 12%, or at least $1.4 billion after tax. We have and will continue to offset as much of this currency impact as we can through productivity driven cost savings. And we will continue to invest in our businesses, brands and product innovation, because it is the right thing to do for the mid- and long-term, while we deliver another year of strong cash returns to shareowners. We are adjusting...Ignored
DislikedDid everyone give up on the aussie? Maybe the lack of interest in this thread indicates a bottom? My reasoning goes like this: If there is a top in place for the USD and the Euro can't go up much, then that's bullish for the AUD. BOC is cutting rates, BOE is back-peddling on rate hikes, and BOJ may not ramp QE anymore. I have a sneaking suspicion that the Fed will not raise rates. I'm sure the US companies are complaining about a strong USD. The US has a pop of 300 million compared to a global pop of 7 billion. Hence, most profits should come from overseas and a strong USD hurts sp500 companies. If sp500 companies are complaining, somebody is probably listening.Ignored
Disliked{quote} The second AU D1 DBXLite indicates GJ has had about 40 pips gain since last AU D1 DBXLite was posted. This is the real proof that DBXLite is working.Ignored
Disliked{quote} Although some FF members did not believe DBX is a good trading system, the fact is DBX is working very well. This fact cannot be denied by any baseless hearsay. Contrary to their ideology, there are different ways to "prove" that a system works.Ignored
DislikedDBXLite can be applied to the trading of FX pairs, commodity and SPX as well. XAU H4 DBXLite GREEN Trending Index indicates GOLD is in an upswing now. {image}Ignored
Disliked{quote} Thanks for your fundamental analysis. Not sure about your outlook of AU. Your view was a bottom is set but now seems to me your message indicates the opposite view. {quote}Ignored
Disliked{quote} No no, my view is that there will be political pressure by the world's most powerful companies to weaken the USD. Much of the AUD weakness is attributed to USD strength and the view that the RBA will cut rates. Glenn Stevens has said he wants the currency priced about where it is (75 ish) and he has said he expects inflation to run the 2-3% range for the next couple years. "With spare capacity in labour and product markets likely to weigh on domestic inflationary pressures for some time, the inflation outlook remained consistent with the...Ignored
Disliked{quote} Do you need special anti-glare and bull-excrement resistant spectacles to read DB's drivel (bet I get banned now -soon he will be talking to himself and a small group of the afflicted)Ignored
DislikedFurthering my point: Hounded by Evil Dollar & Collapsed Commodity Prices, Corporate America Clamors for Total Currency War http://wolfstreet.com/2015/01/28/hounded-by-evil-dollar-collapsed-commodity-prices-corporate-america-clamors-for-total-currency-war/ There are some pretty big companies on that page. Even Apple is complaining: "On a profitability standpoint, our hedging program partially mitigated the impact from the volatility in currencies. As we look forward, and we look into particularly the March quarter, the foreign exchange...Ignored
Disliked{quote} Do you think those big companies can move the USD? The USD is moved by the market not by a few companies. The strength of the USD has been due to the stronger economy compared to other major economies.Ignored
Disliked{quote} Is it possible that you post your outlook of AU in plain English with a few sentences only?Ignored
DislikedThis thread is mainly focusing on Aussie trading. Whether you are bulls, bears or something in between, please feel at home here. This thread is based on the principle of the freedom of speech.Ignored
Disliked{quote} I think they can put pressure on those who CAN move the USD. Also, If the strongest companies in the US are hurting due to the strong USD, then won't that mean they won't be making as much profit and the relative bias will be tilted to those with weaker currencies?Ignored