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- PA is King commented Jun 30, 2014
Get ready for later tonight on Aussie...I doubt RBA will raise rates, but if they do it will be .9600 without any problem(very low chance of a rate rise). I fully expect them to hold rates at 2.50%...and once again, they will "TALK" about how they ...
US dollar gets pollaxed as low volatility aids buyers. RBA key for Aussie
- PA is King commented Jun 30, 2014
As an American, I see the decline first hand. We may have some good years and some bad years...but overall, the "USD having key currency status" is and will continue to decline. It won't be overnight, but it will happen...I imagine one or two other ...
Dollar Heads for Monthly Loss Versus Yen as Krone Slides
- PA is King commented Jun 30, 2014
Exactly right...here's a hint, they are called Market Makers for a reason.
Pending Home Sales Surge in May
- PA is King commented Jun 30, 2014
I'm sure I'm not the only one who knows this...but the USD is no longer a safe haven and will never be as strong as it once was. The US has been declining for years, the govt. is too corupt to change its ways or right the ship. The US will continue ...
Dollar Heads for Monthly Loss Versus Yen as Krone Slides
- PA is King commented Jun 30, 2014
You guys can save yourself a lot of pips if you don't trade news releases.
Pending Sales of U.S. Existing Homes Rise by Most in Four Years
- PA is King commented Jun 30, 2014
As others and myself have said before...IGNORE THE NEWS NUMBERS and trade the Reaction(how big traders trade) to the news. Today's is a PERFECT example: Mostly bad Euro data, Bad Aussie and NZD data last night, Good US data...yet EURO, GBP, AUSSIE ...
Pending Home Sales Surge in May
- PA is King commented Jun 30, 2014
And yet the dollar gets weaker...hint hint. Bad news for Aussie and NZD last night, yet hardly any selloff(30pips roughly)...hint hint. Mostly bad news for Euro and it's up for the day...hint hint. *Big players aren't buying USD* Hope you guys ...
Pending Home Sales Surge in May
- PA is King commented Jun 28, 2014
Roll over which way? To be honest, I expected some USD strength over the summer...and we got some to start with, but the last week or two it has been weak again. I was expecting July or August as the possible "weakness" phase to start...it may have ...
US Week Ahead: Payrolls, ISM, Factory Orders, Trade Balance, Housing
- PA is King commented Jun 27, 2014
Bulls are still very much in control of the Aussie. If you look at the Daily chart of a/u...you can see, on average, there has been 3 bullish daily candles for every 1 bearish candle February. Not to mention the Bullish candles are typically bigger ...
AUD/USD - A further decline towards the support at 0.9319 is likely
- PA is King commented Jun 27, 2014
Thanks Buster...hope you're making some pips!
AUD/USD - A further decline towards the support at 0.9319 is likely
- PA is King commented Jun 27, 2014
Looks like we are stuck in a Friday range. Whether you decide to take the profit you have or hold of the weekend...many pips to you! Cheers!
AUD/USD - A further decline towards the support at 0.9319 is likely
- PA is King commented Jun 27, 2014
I try to at least. I know everyone has their own method, entries, exits, money management, etc...so I just try to say which direction price is heading(greatest probability) and then let others enter and exit how they please.
AUD/USD - A further decline towards the support at 0.9319 is likely
- PA is King commented Jun 27, 2014
Good deal. Not sure if you saw my other post...but there is a good ascending triangle pattern on the 4hr chart, which is bullish! There really isn't any technical or fundamental reason to sell Aussie as far as I can see. Many pips to you!
AUD/USD - A further decline towards the support at 0.9319 is likely
- PA is King commented Jun 27, 2014
Don't forget to trade trade agains Big Banks "trading guidance." They are wrong 80% or more of the time on FF...you can make a trading method just based on that!
AUD/USD - A further decline towards the support at 0.9319 is likely
- PA is King commented Jun 26, 2014
I'll believe when I see it...even if It causes me to miss the move/pips.
5 Reasons Why Excessively Low Rates May be Harmful to the Economy
- PA is King commented Jun 26, 2014
I see a/u above at .9415 and g/u at 1.7027 currently...maybe that resistance will turn into support.
Technical Setups For EUR/USD, AUD/USD, GBP/USD - Credit Suisse
- PA is King commented Jun 25, 2014
"AUD/USD: The spotlight turns to key support at .9329/18. AUDUSD has staged a bearish “outside” day, leaving the immediate risk lower. However, we look for weakness to find a floor at key support at .9329/18 – the uptrend from January and price ...
Technical Setups For EUR/USD, AUD/USD, GBP/USD - Credit Suisse
- PA is King commented Jun 25, 2014
It's been a long time coming, but get ready for the Aussie to break out of it's Daily range. The 4hr chart has clear Higher Lows( End of May .9220 was support, last week .9330 was support, today it was .9350)...the 4hr Ascending Triangle is getting ...
Dollar slips after weak U.S. data hints at dovish Fed
- PA is King commented Jun 24, 2014
Let me know when Aussie closes below .9200 on the daily chart and breaks out of it's .9200-.9460ish range...then we'll talk Aussie weakness. Until then, I guess you can play the range.
Hands up if you think the Aussie dollar is a safe haven. Stocks fall and the VIX rises