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- Pipsforall replied Dec 8, 2011
No matter what anyone says, Europe rules the roost. No one actually cares what is happening domestically in Australia when it comes to trading its currency, what matters is what the Euros are doing, and Draghi just killed the rally when he said that ...
AUD/USD
- Pipsforall replied Dec 8, 2011
Hah, so the US jobs number is better for the Aussie currency than the actual Aussie jobs number.
AUD/USD
- Pipsforall replied Dec 8, 2011
I think we could see 1.330 for sure, US jobs number is coming out and Draghi is speaking. US jobs number should be strong due to seasonal holiday retail employment and Draghi will probably announce new liquidity measures that the US market will ...
AUD/USD
- Pipsforall replied Dec 8, 2011
My only take is that its higher yielding, but as the global economy goes into recession, that higher yield will continue to get cut. Plus, its a risk-on currency, and the US market wants its Santa Claus rally because Americans ignore fundamentals, ...
AUD/USD
- Pipsforall replied Dec 8, 2011
Yeah, I see that, if it wasn't for the Hopium and Santa Claus rally that the Americans want fundamentals be damned, I think the Aussie would have retraced quite a bit already considering that all the Asian and Aussie news recently has been bearish. ...
AUD/USD
- Pipsforall replied Dec 8, 2011
Fundamentals question, since its expected that the ECB will cut by 25 to 50 bps, is that a positive for the Aussie as investors sell the euro and buy the higher yielding aussie? BTW, anyone notice the either W bottom or the H&S/Triple Top forming on ...
AUD/USD
- Pipsforall replied Dec 7, 2011
Technically and fundamentally the its due for a move down, but the European Hopium and the US Santa Claus rally is keeping it moving higher. The Flag pattern in my opinion has been negated because its now longer than the pole, but 1.230 has just ...
AUD/USD
- Pipsforall replied Dec 7, 2011
I'm getting ready to throw in the towel which means the Aussie will probably tank shortly, but I've been shorting this pair for a few days now and I think its finally got me beat, its just been complete bearish news all week and its just continues ...
AUD/USD
- Pipsforall replied Dec 7, 2011
I think this hopium is different than past hopium, everyone and their mother is saying that the markets are going to rally after the EU summit, no matter what they say, if its just a little, itty bitty positive we're going to have the mother of all ...
AUD/USD
- Pipsforall replied Dec 6, 2011
Interesting, although I have no idea what it all means, and have idea how to even set that up on my chart. lol
AUD/USD
- Pipsforall replied Dec 6, 2011
My only take is that the Fat Cats on Wall Street are completely ignoring the global fundamentals because they want their Santa Claus rally and that is bringing risk based currencies up with it. I think as soon as the New Year is rung in, ...
AUD/USD
- Pipsforall replied Dec 6, 2011
Only you can make that decision, I'm keeping my shorts because I believe ultimately the Aussie is going much lower, however, in the near term it could certainly rip much higher, but I'm not over-leveraged, so unless the Aussie goes 2 to 1 verse the ...
AUD/USD
- Pipsforall replied Dec 6, 2011
Right, but timing is everything, I think we're going into a Global recession next year, but this is the holiday time of year so damn the fundamentals, the US market wants to rally so the fat cats on Wall Street can get their bonuses. With Euro ...
AUD/USD
- Pipsforall replied Dec 2, 2011
Anyone interested in watching a really funny show should tune into CNBC at 5 pm for currency trading, the clowns, I mean currency experts give you their calls and take on the currency market. lol
EURUSD
- Pipsforall replied Nov 30, 2011
I'm long now, but will be looking to sell this rally that's for sure, US jobs up because of seasonal hiring, all those retailers hired workers at $8 to $10 an hour to meet the Christmas shopping rush, they'll be laying them off end of Jan-early Feb, ...
EURUSD
- Pipsforall replied Nov 28, 2011
Amazing, my broker, interbankfx does not have those 4 hr pinbars.
EURUSD