I'm only guessing nice gap up, and my guess doesn't mean a thing. . But there might not be much of a gap up either. However, I don't see a reason for a gap down. We'll find out later today.

China Posts Record Trade Surplus as Imports Slump on Oil Prices

Guess we'll see a nice gap up on Aussie.

China Posts Record Trade Surplus as Imports Slump on Oil Prices

I'm pretty neural on Aussie now after Fridays close. It's still hanging around .7800 and consolidating roughly between .7750-.7850. Buy near the lows of the range and sell near the highs. Looking for price to close below .7700 for confirmation of ...

RBA Statement on Monetary Policy

Yeah, I was going to repost this afternoon...but you already did. lol. Have a good weekend!

RBA Statement on Monetary Policy

Sorry midtosh, I sent it a little to early.... I was going to wait until later today to post it. None the less...my views are the same. Unless Aussie can clear .7750 and close below .7700 then my bias is going to change to longs. Right now price ...

RBA Statement on Monetary Policy

Actually, I'm a day trader myself. Im not asking for personal information on your account. I just want to know, if this is the First winning news trade in your life(as you stated above), then how many losing trades have you had?

Payrolls in U.S. Increase More Than Forecast Along With Wages

I just have to shake my head at this! So you had one winning news trade??? How many losses did you have before? Does this one winning trade make up for all those loses, are you break even, or still losing overall???

Payrolls in U.S. Increase More Than Forecast Along With Wages

Still too early to tell, but Ausie couldn't even close below .7800 on that 15min candle. And price rallied nearly 70pips after the spike down! Looks like the 1hr candle is going to close above .7800 too. Then there is the important .7750 level price ...

RBA Statement on Monetary Policy

Indeed it was good US data...now to wait for the dust to settle and see where the market is truly heading. Will we see follow through on USD strength or will the initial knee jerk reaction to news wear off and USD weaken again. I'm still just ...

Payrolls in U.S. Increase More Than Forecast Along With Wages

Good luck everyone, I'll be watching the show from the sidelines...too much risk for me. Many pips to those who do trade!

Jobs-Day Guide: January Surprise, U.S. Wages, Participation Rate

I hope you and the other sellers have your fingers crossed! Purely from a technical standpoint the Aussie has a higher probability of reaching .8000-.8050 right now than it does .7700. I've been on the sidelines since Tuesday. On the technical side, ...

RBA Statement on Monetary Policy

I've been saying it all week, there was a major shift in the Aussie on Tuesday. When was the last time there was a 200 pip rally on Aussie on a single daily candle??? Spring of 2014 is the last one I see unless I missed one somewhere else. After ...

Australian PM will face a challenge

If the inverted head&shoulders pattern plays out... .8000-50 could be the target. Price would first have to close below .7750 and then .7700 for any further selling.

RBA Statement on Monetary Policy

lol...that's another way to enjoy the market.

Euro battles through 1.1450, runs stops

You should say support at .7750 to resistance at .7850. It hasn't touched .7700 since Tuesday's rate cut. Not sure how much tonight's news will impact Aussie, if at all. NFP tomorrow. Trade smart!

AUD/USD – Remains Steady Above Support at 0.77

I'm going to go one step further and say this....even if NFP tomorrow is Outstanding for the US and Euro, Aussie, and Pound sell off 200 pips....where does that leave you??? It only puts you back near the lows of the week. Then you have to see if ...

Euro battles through 1.1450, runs stops

I pointed all this out on Tuesday when the Aussie, euro, and pound all rallied 200pips or more. There was a shift in the market. I also said the Aussie's selling was over for now which had also turned out to be true...it can't closed below .7750! ...

Euro battles through 1.1450, runs stops

You got the break...followed by a 50pip rally. 2 bad news events for Aussie, but no momentum to the downside. That should tell you something. Of course, the inverted head & shoulders pattern on 1hr and 4hr is still in tact.

PBOC cuts reserve requirement ratio by 50bps to 19.5%

Not doing anything special, just reading price action. .7750 is an important support level to watch.

PBOC cuts reserve requirement ratio by 50bps to 19.5%

100pips off the high, struggling to get any more selling momentum below .7750 support area. Normal ADR is around 100pips and NFP Friday. Don't see much reason for it to continue down today, but you never know. Cheers!

PBOC cuts reserve requirement ratio by 50bps to 19.5%