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- 287 Results (233 Replies, 54 Comments)
- bartholemew replied Aug 5, 2014
AUD jobs numbers and quarterly monetary policy statement are out over the next 2 days - markets may be less likely to lean too hard one way or the other ahead of data releases.
AUD/USD
- bartholemew replied Aug 5, 2014
If Stevens has anything more substantial to roll out in his quest for a lower AUD it could come w/Friday's quarterly monetary policy statement (1:30am GMT August 8).
AUD/USD
- bartholemew replied Aug 4, 2014
That's what I'm saying, though: Stevens can try to jawbone again if he likes, but the market is under no obligation to do his bidding, and in fact may call his bluff. He wants a weak AUD for his mining industry but he also doesn't want housing ...
AUD/USD
- bartholemew replied Aug 4, 2014
Oh, and the market also knows that the Fed is not going to be helping Mr. Stevens out with a hike anytime soon, either.
AUD/USD
- bartholemew replied Aug 4, 2014
A shocker? What could Stevens do at this point that would really whack the AUD/USD? He's not going to cut. The market already knows he doesn't like the AUD/USD where it is. He has already essentially said "we are not hiking for a good long while ...
AUD/USD
- bartholemew replied Aug 4, 2014
It will be interesting to see if Stevens whines about the exchange rate again. The July 2014 jawboning had less impact than last December's attempt. The market could well be getting less sensitive to him complaining about how it is not carrying his ...
AUD/USD
- bartholemew replied Jul 24, 2014
Seriously ... whenever I stop buying EUR, I get the hives ... it's Pavlovian.

EURUSD
- bartholemew replied Jul 24, 2014
The answer to the question of life, the universe, and everything is not actually "42". It's "buy more EUR". The EUR has magical powers. It will never go down. Evar. Because it's the EUR, and it's magic.

EURUSD
- bartholemew replied Jul 15, 2014
Market reaction to a hike next week can still be a sell on the news if RBNZ signals a pause on further hikes. It's all about what is priced in and what is not priced in.
NZD/USD
- bartholemew replied Jul 9, 2014
Last major quake I can remember for NZ was last August, and the NZD dropped. But, Wheeler was also speaking the next market day on how the NZD was overvalued and they had to watch out for housing bubbles.
NZD/USD
- bartholemew replied Jul 9, 2014
While I wish no one harm, overleveraged bulls should remember, against the backdrop of this to-be-proven breakout to new technical levels on NU, that NZ does have bad earthquakes from time to time.
NZD/USD
- bartholemew commented Jul 3, 2014
An honest and admittedly naive question, as I haven't studied the issue, but: If I recall correctly, Stevens has acknowledged that the Aussie mining boom is over. So I'm not clear on why he seems so interested in manipulating the AUD back down, just ...
RBA Stevens: Economic Update
- bartholemew commented Jul 3, 2014
See the trade balance chart, and zoom the range selector all the way out: url
RBA Stevens: Economic Update
- bartholemew commented Jul 2, 2014
Last time Stevens jawboned AUD (Dec 12), it took about a month to make its first retrace back to pre-jawbone levels, and several more months to get sustained price action above pre-jawbone levels.
RBA Stevens: Economic Update
- bartholemew replied Jun 26, 2014
"Hello, I am the FX market. I party all day and I party all night. You can come party with me whenever you like. I like to murder your money in your sleep - it's what I do for fun. Wanna dance?"

NZD/USD
- bartholemew replied Jun 26, 2014
That's what FX markets do - totally disrespect technical levels, whenever they feel like it. And, "revenge trading" ... is dangerous, in my experience.
NZD/USD
- bartholemew replied Jun 26, 2014
I see that. You would not begin to even scale in yet? (I never take full positions all at once, in time or price).
NZD/USD