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Deano9999 commented Mar 13, 2013Just the latest con job from the Greeks to avoid making the hard choices.
Greek industrial slump deepens, troika talks postponed
- Deano9999 commented Mar 12, 2013
Agree. Also note that with the AUDJPY heading towards 100 a break will likely trigger large stops that will propel the AUD higher.
It's Time To Buy AUD/NZD Again Targeting 1.2650: A Macro-Technical Trade - ANZ
- Deano9999 commented Mar 12, 2013
Totally agree. Now short at 1.0330 old resistance after trading up from 1.0240 but a spike to 1.0370 before resuming short wouldn't surprise.
AUD/USD – The short-term declining trendline has been broken
- Deano9999 commented Mar 4, 2013
I've traded up from 1.0195 and will tp at 1.0250 or after 1 hour wherever the price. Then go short. The larger trend is still short.
RBA Statement on Monetary Policy
- Deano9999 commented Mar 4, 2013
Wouldn't expect this price action from the news to go beyond the resistance at 1.0250, maybe the downtrend line at 1.0270, which will be a good time to go short again.
RBA Statement on Monetary Policy
- Deano9999 commented Mar 3, 2013
Days low so far 1.0113 and looking heavy after the Moody's mortgage data. It broke through 1.015 easily and obviously triggered a bunch of stops. Can't get above 1.0130 so far on retracement with the RSI 4 hr on 29. Look out below, either today or ...
AUD/USD – Bearish Trend vs. Key Support
- Deano9999 commented Mar 1, 2013
The ema's are on the daily chart, and the weeklies are even further away. Its just simple mathematics (or physics) that prices must gravitate back to their moving averages at some stage. Such gaps as these are huge and either work themselves out via ...
ECB says banks to repay EU8.32 bln of 2nd 3-yr loan next week
- Deano9999 commented Mar 1, 2013
Its now taken out the week low and with the 20ema now crossing the 50ema short on the daily chart this smells like its going to take out the 14 Jan low. Looks like the EU and Italian unemployment info and the US sequester might be enough of a risk ...
EUR/USD – Eases back under 1.31
- Deano9999 commented Mar 1, 2013
It might be a little early for that call, given the crap data, but its currently around 350 pips away from the 20 ema and over 600 from the 50 ema! Amazing so it must retrace at some point. The US session after the London close will provide a guide ...
ECB says banks to repay EU8.32 bln of 2nd 3-yr loan next week
- Deano9999 commented Mar 1, 2013
More to go before the hollowing out of Australia's manufacturing sector is done. When the pain threshold is sufficiently high and rates lower than now, the AUD will finally fall back to fair value.
Fallen icons defy Australia's 3% growth rate
- Deano9999 commented Feb 28, 2013
EURUSD still within range and sitting just under the 61.8% fib retracement of the 1.2662/1.3710 move and just above the 200ema which is providing good support at present. It will take some decent risk event to break these conclusively but a weekly ...
EUR/USD – Eases back under 1.31
- Deano9999 commented Feb 28, 2013
The sequester is the best result, and won't make a fig's difference anyway as they'll find ways around it. The joint's bankrupt to $16t and they worry about a $100b, totally dellusional.
What a Sequestered America Might Look Like; the Discomfort Factor
- Deano9999 commented Feb 28, 2013
Just the AUD and a couple of others left after this. Expect AUD demand to hold up if this happens.
EUR/USD hit by rumour of Dutch sovereign downgrade
- Deano9999 commented Feb 25, 2013
Just woke up here in Oz and seen the shambles, wow. My long EUR gone, my short EUR bounced out, my JPY long gone. Think I'll have a morning scotch and turn off today, play some golf and come back when sanity returns - which could be a while.
Italy lower house projection points to 3-way tie
- Deano9999 commented Feb 21, 2013
The Nomura study could be read more than one way, as the lagging survey might have missed increased inflows in January and February, hence the rally in the EUR. In any event, the EUR strength has really come from the EUR itself but from USD ...
Why Trouble's Brewing for the Euro
- Deano9999 commented Feb 20, 2013
That would be good to see and trade, but it would also seriously disrupt global trade balances so not sure they'll (other central banks) will let that happen. 100-105 very possible though.
For Japan To Beat Deflation, USD/JPY Would Need To Trade Around 115
- Deano9999 commented Feb 20, 2013
Futbol doesn't count. FX is more like tennis - QE back and forth over the net until someone hits it out, long or forfeits.
Without a Growing Italy, the Euro Is Over
- Deano9999 commented Feb 20, 2013
Probably an extreme yet credible view, however its a few years away yet. In the meantime there will be corrections in various markets, which means good opportunities for us FX traders
5 dangers set to trip a 100-year bear market
- Deano9999 commented Feb 18, 2013
Yawn. Nothing to see here, move along.
RBA Saw Signs Lower Rates Are Working, Retains Scope to Ease