Aussie pairs about to go south, Dow Futures plummetting as we speak. -183

Aussie Pairs

Chinese officials comments

Aussie Pairs

This pair is a steamroller, I don't see a pullback. Higher open in Europe, 9400 will see some profit taking, but for now it ain't happening. See you guys at New York Open.

Aussie Pairs

That must be when the Chinese official was on the wires then.

Aussie Pairs

I would love to buy at 9325 but I don't see it getting below 9340 let's hope I"m wrong

Aussie Pairs

Which pair are you referring to?

Aussie Pairs

Looks like they're rising to me.

Aussie Pairs

At this point we're clearly comfortable above 9300, and a shot at 9400 is imminent. So anything around 9340ish would be good. As I missed the gravy train up top due to the Chinese officials banter.

Aussie Pairs

"Destroying" the USD would "destroy" most of those holding reserves. Perhaps "destroy" is too strong of a word. If you destroy the dollar it's almost like holding a worthless check. What would China's reserves be worth if the dollar is destroyed? ...

EUR/USD - 100 pip jump @ 9:25EST in 5 min???

[CHINA] Cheng Siwei clarified that he did not mean China should buy more Euros and said he meant that China should take advantage of the strengthening euro to compensate for weakening currencies. Cheng is the vice chairman of the standing committee ...

Aussie Pairs

KGB, I didn't buy currently flat. 9400 might see some profit taking. Equities are firm as of now. Something's going on, the AJ isn't rising as sharply as the AU.

Aussie Pairs

I agree on all counts, I am waiting on the profit taking for a better buying opportunity at the moment.

Aussie Pairs

KGB, Your thoughts on this pair?

Aussie Pairs

I assume you're long already from where?

Aussie Pairs

I expect profit taking at the 9345 level

Aussie Pairs

Same to you FXP

Aussie Pairs

fxpredator, 107.80 is the weekly next level, on the daily 106.87 is next.

Aussie Pairs

Thats the credit crunch for you

Aussie Pairs

Looks like we're going to steadily move towards 9350 by the announcement

Aussie Pairs

I would move that short up beyond 9350

Aussie Pairs