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- PA is King commented May 13, 2015
Funny how the Aussie had spiked up 40 pips since my above comment. Price Action is King!
AUD/USD – Surges to Three Month High Above 0.81
- PA is King commented May 13, 2015
Leg 1 Leg 2 pattern compete on Aussie. Sideways consolation again, good chance of Leg 3 higher. Could go above .8200 if ADR is met for a third day in a row. The wweekly Pinbar from two weeks ago had been nullified.
AUD/USD – Surges to Three Month High Above 0.81
- PA is King commented May 13, 2015
.8115, smack dab in the middle of my forecast! I hope others made a nice profit today!!!
China’s New Credit Growth Misses Economists’ Estimates in April
- PA is King commented May 13, 2015
What a joke! The powers to be won't let that happen!
Don't relax just yet, euro-dollar parity's still on its way
- PA is King commented May 13, 2015
If April 29th's high is taken out... .8100-30 should be the target.
China’s New Credit Growth Misses Economists’ Estimates in April
- PA is King commented May 13, 2015
No surprises here, more bad China news...yet Aussie Still rallies. Once again, price action over rules fundamentals.
China’s New Credit Growth Misses Economists’ Estimates in April
- PA is King commented May 12, 2015
If price closes near the highs today(no sellers emerge)...we should break .8000 tonight/tomorrow and get close to .8100 If we have another normal ADR move up.
Australia Federal Budget
- PA is King commented May 12, 2015
Couldn't have called that any better! Pullback of 40pips(right between my 30-50pip estimate) and now back up testing the highs!
Australia Federal Budget
- PA is King commented May 12, 2015
You're kidding right? Go back to last week on May 5th when Aussie cut rates...you had the initial knee-jerk reaction down followed by a 200pip rally in 2 days. Price hasn't been back below the "pre-news" level since! Now your "sooner or later" ...
China Inflation Misses Estimates, Giving Room for Further Easing
- PA is King commented May 12, 2015
Right now the odds are in favor of a breakout to the topside. However, we are still in the .7800-.8000 range and price has already moved it's normal 100pip ADR. So I'm not expecting much more of a rally today...a pullback would be more in order with ...
Australia Federal Budget
- PA is King commented May 12, 2015
As previously mentioned, Aussie has shifted from the long tme .7500-.7900 range to the .7800-.8000 range area. Price has not been able to close below .7880 since May 7th and has formed a triple bottom there. Basically it's been restesting the top of ...
Australia Federal Budget
- PA is King commented May 12, 2015
Well, guess we have our final answer...neither the Aussie rate cut nor the China rate cut could produce a selloff on Aussie.
China Inflation Misses Estimates, Giving Room for Further Easing
- PA is King commented May 11, 2015
Yep. Don't hide behind a "guest" name. Regarding Aussie...not much of a rally or selloff from China and Aussie news.
China Inflation Misses Estimates, Giving Room for Further Easing
- PA is King commented May 10, 2015
You should sign up with a FF acct and name so we can keep track.
China Inflation Misses Estimates, Giving Room for Further Easing
- PA is King commented May 10, 2015
I don't know if price will open up or down....but I do know price rallied after the Aussie interest rate cut and last China rate cut. So I won't rule a rally out.
China cuts interest rates for third time since November as economy sputters
- PA is King commented May 10, 2015
That's what happened in the past...countries cut interest rates because their economies aren't doing well. But the markets love QE because it's cheaper money for them to make more profits.
China cuts interest rates for third time since November as economy sputters
- PA is King commented May 9, 2015
You can add in there that last week both Aussie and China had disappointing data and Aussie still managed to rally for the most part. The long time .7500-.7900 range seems to have moved up to .7800-.8000 roughly.
China Inflation Misses Estimates, Giving Room for Further Easing
- PA is King commented May 8, 2015
Nothing like a good old fashion stop hunt in both directions to leave traders confused.
Payrolls in U.S. Rose 223,000 in April, Unemployment Falls to Lowest Level Since May 2008
- PA is King commented May 7, 2015
I'm still here.
I just don't like the movement in Aussie of late so I don't really have anything to say. Just some wild swings in price lately...a couple days of rally for a few hundred pips followed by a few days of a few hundred pips of ...Australia Labour Force
- PA is King commented May 5, 2015
Thanks for the reply and sorry for the damaged data. I'll have to look around for the thread for the details. Happy Trading!
Statement by Glenn Stevens, Governor: Monetary Policy Decision