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Deano9999 commented Jun 3, 2013As expected. Weaker economic conditions and more scope to cut later. Probably no change for a couple of months now, August perhaps.
RBA Monetary Policy Decision
- Deano9999 commented May 31, 2013
The Euro is not trending like other currencies against the USD, which makes it a little more difficult to trade. Because its still being used by the large Arab sovereign funds as a petrodollar alternative many moves are counter intuitive and the ...
Euro smokes 1.3000 good and proper
- Deano9999 commented May 31, 2013
Really? I'm sure the unemployed feel optimistic, all 25 million of them.
Is Europe Finding its Economic Swagger Back?
- Deano9999 commented May 30, 2013
Don't forget the banks know where your stops are, as they clear your broker's accounts.
EUR/USD pokes it head through 1.3000
- Deano9999 commented May 29, 2013
As expected. On the other hand building approvals up almost 10%, mainly due to the historically low interest rates, and the AUD spiked up. An aberration on the road down.
Australia business spending slumps to start 2013
- Deano9999 commented May 29, 2013
The cafeteria Lady is always right! And besides its a long way to the end of the road the can is being kicked down.
France must reform or the euro will die
- Deano9999 commented May 29, 2013
Lol. Why wouldn't they understand you? You're speaking the Queens' English, not swahili!
There goes the AUD
- Deano9999 commented May 28, 2013
Agree. Last nights bounce before the US data releases was as poor a dead cat bounce as we've seen for a while. It will take a fairly strong change in sentiment in the USD and a strong bounce in commodity prices for the AUD to recover beyond 0.98 ...
There goes the AUD
- Deano9999 commented May 28, 2013
Poor construction data this morning, bodes ill for tomorrow's major capex release. If it misses forecasts the AUD should test the Oct 11 low at 0.9388, now its taken out the 2012 low. Forget the nonsense about all the long positions - there will be ...
Warning - derelict Australian economy ahead
- Deano9999 commented May 28, 2013
A daily close below the 2012 low at 0.9580 confirms the continuing weakness, otherwise it could form a triple bottom around 0.96, at which point I'll square up my shorts and go long.
AUD/USD settles above 96 cents, for now
- Deano9999 commented May 28, 2013
Besides the round number at 0.95, there is nothing technically to hold the AUD until the Oct 11 low at 0.9388. Below that the monthly charts have fib 1.382 extensions from the 1.0624/0.9578 at 0.9183, then the 1.618 at 0.8937, and lastly the monthly ...
There goes the AUD
- Deano9999 commented May 28, 2013
Good question, except that the 75% is the number of orders not the volume of contracts, so it only takes a couple of very large shorts to take out the stops of an entire legion of small retail traders who are long. Have a look at this morning's ...
AUD/USD settles above 96 cents, for now
- Deano9999 commented May 27, 2013
To be fair the shite is only now hitting the AUD economy, as the mining boom slows down. With unemployment still at 5.5%, GDP 2.5% and Triple A - these things as reported have tended to mask the creeping problems.
Warning - derelict Australian economy ahead
- Deano9999 commented May 27, 2013
Don't you just love the hysterical rhetoric. No things are too flash looking forward but they never get as bad as the media says.
Warning - derelict Australian economy ahead
- Deano9999 commented May 27, 2013
With a 75% long trade ratio don't expect a decent rally anytime soon. The longs are going to continue to get squeezed until that ratio gets down towards 50% - just too tempting for the stop hunters.
AUD/USD settles above 96 cents, for now
- Deano9999 commented May 27, 2013
Big USD buying across the board for this time of day in the market, a lot is Yen driven, the crosses are well up.
Nikkei, USD/Yen both climbing
- Deano9999 commented May 24, 2013
What a joke. Where is the demand coming from?
German business morale rises more than expected in May
- Deano9999 commented May 23, 2013
How does this report reconcile with the numbers reported on this site? Strange but looks worse than the report suggests.
German private sector output holds stead y in May, but new order volumes continue to decline
- Deano9999 commented May 23, 2013
This is very significant. They JPY has been driving the asian equity markets and the global FX markets for some time, so this reversal will send the VIX skyrocketing and it will be felt in all markets. Hang onto your hats!
Japanese Stocks Plunge Over 800 Points - Biggest Intraday Swing In 22 Months
- Deano9999 commented May 22, 2013
Not unexpected, and poor for the AUD & NZD, as if they needed any more bad news to keep falling. Now at 0.9630 support but this probably won't hold. Next stop 0.9570 multiple fib levels.
HSBC Flash China Manufacturing PMI slips back into contraction territory