AUD 02 (Feb 12 - Dec 20)

AUD 02 (Feb 12 - Dec 20)

Postby winston » Fri Feb 24, 2012 12:24 pm

vested

Australian central bank says no intervention plans

Australian central bank governor Glenn Stevens said Friday he had no plans to intervene to weaken a soaring Aussie dollar, which has hit some local industries hard, particularly manufacturing.

The currency has surged in recent years on the back of Australia's commodities boom and relatively high interest rates, trading near or above parity with the greenback for more than 12 months.

But it has hurt trade-exposed sectors with steelmakers and the auto sector shedding jobs in a bid to stay afloat.

Canberra sees a strong currency as the new norm and Stevens said the bank did not intend to enter into a Swiss-style intervention of putting a cap on the currency, at least not yet.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Fri Feb 24, 2012 12:33 pm

liddat ah.... 1.1 might be easy peasy lemon squeezy :lol:
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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Thu Mar 01, 2012 1:57 am

this kangeroo currency is looking very tired ....after a marathon run since early dec 2011...and gained about 1K pips since...
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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Thu Mar 01, 2012 2:47 am

oohhhh. the candle is looking very very ominously baaadddddd :!:
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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Thu Mar 01, 2012 3:20 pm

and so...i'm hoping aud will follow through and fall off the cliff today....
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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Thu Mar 01, 2012 8:48 pm

still waiting for aud to do freefall to 1.06 today...waiting, waiting...and exhausted reading all the slammings at papayas at tr emeritus and yahoo liao.... getting bored soon...
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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Thu Mar 01, 2012 10:17 pm

break 1.0777 leh...lai leh... 8-)
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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Tue Mar 06, 2012 3:16 pm

aud met its ema50 support at about 1.06 and promptly bounced off ...will it stay above it for the remaining of this session or will it sink further below 1.06?

what's your guess?
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Re: AUD 01 (May 08 - Feb 12)

Postby iam802 » Tue Mar 06, 2012 3:22 pm

Short it from 1.068?
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: AUD 01 (May 08 - Feb 12)

Postby kennynah » Tue Mar 06, 2012 3:26 pm

how could you have known this? amazing !! 8-)
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