Good article Peter, thanks. May well be a very volatile session when they make the announcement, whatever way it goes. Incidentally, thinking that if they do hike, it will be 50 bp not 25 bp. Shock therapy, slam the brakes on while the going is ...

AUDUSD for informed traders

Back then, we didn't have the price bubble explosion that we have now. May need to find a graph of the percentage of income that is being spent on mortgages now compared to back then. It's not pretty.

AUDUSD for informed traders

Shit is going to hit the fan big-time. Australian business and all those supposedly unconcerned voters with mortgages will be down Labor's throat to rip their stomach out. Can hardly wait to see Swannie try to sell this one on the strength of cooked ...

AUDUSD for informed traders

Will be interesting to see how market responds if they do hike. If memory serves me correctly, that disasterous hike in 2008 was not greeted well by the market, it was the only time I've seen the RBA hike and AU get thumped as result. Will that ...

AUDUSD for informed traders

The housing affordability index is new piece of academic gobbledygook. Houses become more affordable because people can't afford to service the mortgages they took out when the price bubble hit full speed, so prices "soften" (pollie speak for taking ...

AUDUSD for informed traders

Yes, do rather suspect the RBA will hike it on Tuesday. The very cosy graft arrangement that exists between the Melbourne Institute and this Federal Labor government is a concern. (i.e. how to get money for your university, give the govt what it ...

AUDUSD for informed traders

Here's some further reading - a selection of my articles Forex Journal has published. These were published under copyright permission and cannot be reproduced without my written permission. Trading the 24/5 Forex Waves for Profit url Top Ten Tips ...

Female/Woman/Girl Traders here...

There has been a disconnect between AU and gold for some time. Even if gold goes north, AU can head south, which is more normal when market runs bear (to exit out of perceived "risk" currencies and buy gold). That this didn't occur on Friday and the ...

AUDUSD for informed traders

What these charts tell us is that even if the S&P runs south hard, market is not supporting either the Euro or the Dollar. What market is doing is taking money out of both the Euro and the USD and shifting money into AU and the Kiwi. In times past, ...

AUDUSD for informed traders

And now for the weekend quiz - can you spot the difference with Friday's PA? What do these charts tell us? What is the impact of this for AU?

AUDUSD for informed traders

Chill out guys. Don't make me put both of you on the naughty chair. Do you know what fellas? There will come a time when whether or not you post, what you post, whether you are proven right or wrong, and spending energy debating the toss, will ...

XAU/USD Spot Gold

Watch this TL if looking for a short opportunity (the PA is looking like a bear flag and the bigger picture daily is looking like a Head and Shoulders forming, right shoulder being put in now). And watch EUR/AUD, these wicks will either cause the ...

AUDUSD for informed traders

These long legged hammers on the S&P are fairly typical of what happens when market is nearing exhaustion. Two scenarios - a) S&P may head south on the twin hammers, and the USD head south too. b) Market may push up to the 61.8 fib @ 1350.92 and ...

AUDUSD for informed traders

Your analysis is razor sharp and too funny ! On a more sober note, we are however, possibly on the cusp of a meltdown. Just make sure you'll are on the right side of it. The bear flag on the S&P may follow through shortly with a series of big ...

AUDUSD for informed traders

That I think, is the problem. The job pool in urban areas is shrinking rapidly. Our non-resource based export and tourism industries are taking a thumping because of the high AUD. I live 50km from a major city, in what is normally, a very tightly ...

AUDUSD for informed traders

If in doubt, stay out. This is the golden rule for trading fx, what you want is to stack the balance of probabilities in your own favour as much as possible. There are usually other things to trade that don't have the ambiguity. No position ...

AUDUSD for informed traders

The corollary re shorting EUR/AUD is that in times past, when market runs short, the cross has been very strong in north traffic (as risk comes off the table). This is an old ingrained habit market has - times have changed however - this past ...

AUDUSD for informed traders

AU has a lot of resistance here. Sometimes the best way to long AU is to short EUR/AUD, especially when the US session starts (because the Yanks do not appear fond of the Euro as the USD's main competitor and are prone to dishing out the reality ...

AUDUSD for informed traders

The lack of follow through wasn't surprising given the bullish PA on the USD. What I think we will see today, especially during London, is that bullish momo follow through in full swing as the USD is tested on UCHF and EU. And there is a nice little ...

OIL/USD charts