Hi elelee8, Trading the news is something of a coin toss imo. Sometimes news can already be factored in, so price doesn't respond with bullish momo, instead sells off after news. Or bad news can be greeted with further up traffic, because the news ...

AUDUSD for informed traders

The currency market is principally a vehicle for institutional investors, hedge funds, central banks etc. These large players are in it to make money, fundamentals are frequently ignored because of fresh capital flows looking to book a profit. It's ...

AUDUSD for informed traders

With NFP around the corner, the emerging risk to the Aussie is a season of dollar strength. AU has performed so well because in large part, the USD has looked rather sick by comparison. If this dynamic changes, it may not matter too much what ...

AUDUSD for informed traders

Meanwhile, on the cross 4H chart, we can see the effect of convergence of the 200 ema (gorilla or trampoline) and the 21 ema. This should prove a formidable hurdle, but if it does manage to clear it, price should hike north at pace (as the ...

AUDUSD for informed traders

The fib picture... price retraced to the 50 fib (and resistance) during Asia/early London. Shorts were added on this fib. 2 gravestone doji's on the 4h now, and we are presently doing lower highs, lower lows (the hallmark of bears in charge).

AUDUSD for informed traders

Added to AU shorts and EUR/AUD, GBPAUD longs here will bring stops down to cover soon.... US has consumer confidence coming up later today (expected negative) + end of the month approaching and end of quarter, may just be some good ol' profit taking ...

AUDUSD for informed traders

Should add that shorting AU and going long the crosses in the lead up to US equities isn't recommended. Trades are covered in the event it reverses (which it may). There are times when trading the technicals over-rides what might otherwise be the ...

AUDUSD for informed traders

In the event the HnS on the cross may be the real deal... looking for a retracement to 1.01820.

AUDUSD for informed traders

Malcolm Edey, Assistant Gov of the RBA last week at the Basel III Conference ... "It's well understood now that the liquidity coverage ratio, in the form originally proposed in the Basel process, couldn't have been applied in Australia. Australian ...

AUDUSD for informed traders

Thanks Petra It was rather unpalatable in that other place, wasn't it? Consider yourself deputised to the task of helping to keep our new home in good order. I'm an educator/manager of education colleges by (former) profession too (does it show? ...

AUDUSD for informed traders

Meanwhile, back at the ranch... EUR/AUD has retraced as expected to close the gap from open last week. Typically, a gap will not just close with a touch (as the 4H chart presently shows), but close with a convincing plug further south. This has been ...

AUDUSD for informed traders

Yup, that's me. Pic is up on a trial basis. It does help sometimes to see the actual person making commentary. There are many other female traders, though they sometimes prefer to stay hidden or not disclose gender because of the ...

AUDUSD for informed traders

At the beginning of last week, I pointed out the consolidation continuation pattern on the weekly and commented that this was likely to follow through with price pushing north and that this north push would likely last for some time. The ...

AUDUSD for informed traders

For info, I received an email from Twee (the guy who runs Forex Factory) this weekend requesting to change the name of this thread to differentiate it from the other AUD thread. FF would normally merge one thread with the other, but Twee seems to ...

AUDUSD for informed traders

If we can crack 1.0200, won't be any turning back for a while (i.e. the continuation pattern from Oct '10 looks set to follow through, given the depth and length of consolidation, this could be a very forceful and long lasting move north). Very nice ...

AUDUSD for informed traders

Have thought at times that deployment of those toys is the last stand position for anything resembling up traffic on the US Dollar (in response to asking yourself the question, what could possibly cause the dollar to find some serious legs and ...

AUDUSD for informed traders

Some charts, AU daily, weekly and 30M. On the daily, it was very interesting to see price respond so strongly on the 88.2 fib @ .96894 88.2, like 76.4, is an inverse mirror of the 11.8 and 23.6 fibs AU now has some support with the 200 ema having ...

AUDUSD for informed traders

Global debt clock, comparatives are interesting. Europe looks worse than the US, but the US has a huge unfunded liabilities component. AU doesn't look too bad at all when you line them all up this way. (Can't vouch for the source btw, but still ...

AUDUSD for informed traders

The problem is that as Japan rebuilds, repatriation of the Yen and the demand for raw materials will be high. (Aussie = raw materials heaven). What the RBA may want (or indeed the G7 rhetoric) is moot (imo). The SNB have learned the intervention ...

AUDUSD for informed traders

the benefit and importance of waiting until you see bearish engulfing activity on the EUR/AUD cross before going long AU

AUDUSD for informed traders