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- PA is King commented Apr 20, 2015
It's funny you tell me not to rule out many pressing factors to cause Aussie to rallie...yet you keep ruling out that Aussie could go down too.
Pot...meet Kettle. hehe
Stevens: The World Economy and Australia
- PA is King commented Apr 20, 2015
hehe...an "abrupt rise" eh? So last Friday you were sure of .7900 and now an abrupt rise. I like your confidence man!
I still see us stuck in the overall .7500-7900 range. But eventually we'll break out one day. Hopefully to the upside for you. ...Stevens: The World Economy and Australia
- PA is King commented Apr 20, 2015
Looks like the 1hr H&S played out just fine.
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 20, 2015
"To this point, the balance that the Reserve Bank Board has struck has seen the policy rate held at what would once have been seen as extraordinarily low levels for quite a while now. The Board has, moreover, clearly signalled a willingness to lower ...
Stevens: The World Economy and Australia
- PA is King commented Apr 20, 2015
No problem. Just a quick update, I see a possible H&S forming on the 1hr chart...but that's is my least reliable chart pattern fwiw. Cheers
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
I don't use the 30min chart, sorry. Still too early for me to have a clear direction.
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
Gap filled and already back up 30pips. Hopefully someone took the trade and is enjoying the profits.
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
Yeah, should set the tone for the beginning of the week. Looks like the gap is filling. Normally that means go long...which may work. I'm more interested in tomorrow's Aussie news though. To early in the week for me to trade tonight.
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
Looks like the market likes the stimulus( as usual)...50pip gap up on Aussie. .7830
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
Pips for everyone is the goal!
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
Now don't get me wrong, I don't control the market or price...it may go up, it may go down. But you shouldn't throw stones in a glass house....calling others wrong when in fact you were wrong is inappropriate. Happy Trading!
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
This is your exact words from Friday... "Aussie eyes 0.79000 target and above later today. Chances are very high"
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
Is it as bad as your.7900 Aussie forecast this past Friday? ;-)
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 19, 2015
So now the question is, will the Aussie like this news and gap up or will the market see China's slowdown as risk off and we see a gap down? TBD...
China cuts bank reserve requirement to counter slowdown
- PA is King commented Apr 17, 2015
It's Friday, simple profit taking before the weekend after three(4 on pound) straight days of rallies. Ignore these rubbish articles. Have a good weekend!
Gain in U.S. Core Consumer Prices Signals Inflation Picking Up
- PA is King commented Apr 16, 2015
There you go sir, it poked above .7800 now. Stillcan't see it making it to .7900 today...but best of luck to you.
Australia Labour Force
- PA is King commented Apr 16, 2015
And it's after Philly news, still below .7800. Lots of sellers, supply there. Not sure if traders work through that or not.
Australia Labour Force