AUD/USD double impact of China purchase of European debt plus Capex numbers has spurred AUD bulls. 1.0560-70 res breached 1.0620 still the big containment. 1.0450 level found sovereign buyers last night.. I dont see much has changed. China always ...

AUDUSD for informed traders

I think 1.0460 another support but after that we go to 1.0380 With Eur rally and AUD/USD didnt follow it too far AUD looks heavy.. I think the market is overly long and rallies will be limited unless paradigm shift. Need a big flush out of long ...

AUDUSD for informed traders

You might not get it. Rising wedge formation has broken down already.. 1.0480 level support stops below 1.0460 entry point for breaks..

AUDUSD for informed traders

AUD/USD seems to be capped temporarily under the 1.0600 area. No standout plays today.. The smart money will leave it alone and wait for market to over extended the 1.05-1.06 boundaries.

AUDUSD for informed traders

AUD/USD finding its feet again after sucking in some premature shorts. Caution was the call simply on price action from last nights first attempt and then todays staying below 1.0500. Sellers shud come in first around 1.0560-70 then 1.0600-20.. Not ...

AUDUSD for informed traders

AUD/USD already testing the support at 1.0500 again.. Break sellers last night probably disappointed in no follow through. Caution here despite weakness as market appears have found stubborn buyers. Those who arent already short from yesterday may ...

AUDUSD for informed traders

Umm China's PMI lower.. tensions in Pakistan and Europe.. US dollar gaining strength across all currencies .. Australian economy becoming fractured..Under performing stock market... Retailers complaining about slow down.. Property sales slow.. CO2 ...

AUDUSD for informed traders

AUD/USD still trapped in the broader 1.0500 -1.0720 Trading near those resistance and supports has paid dividends rather than second guessing. As we look towards this week the US dollar is starting to gather momentum. Some of my techs are suggesting ...

AUDUSD for informed traders

AUD/USD going nowhere until 1.0500 or 1.0720 breaks They are the bookends of hard resistance.. I would rather let others chase the bus between the zone.. Paitence is the key

AUDUSD for informed traders

1.0500 -1.0720 still contains and you can do what you want in between. Many have tried to pre-empt and have been chopped to pieces. As for Moody's well this article sums them up. url Besides banks in Australia have been curtailing their lending ...

AUDUSD for informed traders

RTRS-MOODY'S DOWNGRADES AUSTRALIA'S FOUR MAJOR BANKS TO AA2; OUTLOOK STABLE Market was aware of this news however

AUDUSD for informed traders

Prices originate from the wholesale market. That can be sourced from banks or wholesale brokers. As for purchasing the data the wholesale broker will provide you raw data which is very expensive and only if you are eg quant a hedge fund type you ...

Question about forex feeds

Consumer confidence falls in Australia. It seems more are erring on the side of caution and either paying down debt or saving. This may go against Swans budget plans for a surplus. Less GST receipts, business failure and therefore less corporate tax ...

AUDUSD for informed traders

AUD held support @1.0500 as per yesterdays levels resistance now coming in minor at 1.0640 and major 1.0700-20 Sell towards 1.0700 placing stops above 1.0750 Fake out on Eur/AUD @1.3425/35 break caught many tech buyers short AUD. Pullback limited. ...

AUDUSD for informed traders

Comments coming out of Australian treasury secretary seeing sustained shift in exchange rate. AUD @1.0575 More of a statement than fact.

AUDUSD for informed traders

Well no relief for the long AUD holders as RBA was standoffish. We are trading below 1.0550 again and its starting to look offered. Intraday 1.0500 has to hold and would expect placement of stops under here. Watch for a Euro/AUD break out of ...

AUDUSD for informed traders

I deem the term scalping although I call it "jobbing" as extremely short term for 3-5 points. As pointed in another thread to be succesful you need to be part of the bid or offer and not paying the spread to maximise. In other words a price maker.

What's the definition of Scalping?

Well I dont think its priced in.. 4 big figs correction isnt significant.. We arent talking about bubbles here.. we are talking about slowing of Chinese growth and because Aust isnt deversified its hangin in there by a thread. The next shake out can ...

Whats really moving the market today?

Who pushes the buttons for RBA doesnt come from Glen Stevens but from China. Two Tier economy has been bandied about and already certain sectors in the AUD economy are on the nose especially in the housing sector. If China slows and with their ...

Whats really moving the market today?

Firstly a demo account shud ONLY be used for familiarisation with the platform features. Secondly- you have suffered stage fright which is common amongst rookies. The best thing to overcome this is to widen your time frame with a plan ie stop loss ...

Overeagerness to trade when switching to live account