AUD 01 (May 08 - Feb 12)

Re: AUD

Postby eauyong » Sat Mar 19, 2011 12:14 pm

iam802,

closed at 0.7310 & .9968. I remembered s.expert Kathy Lien previously said on cnbc; it will definitely be a buy if aussie hit 98 level. :lol:
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Re: AUD

Postby peter » Sat Mar 19, 2011 8:46 pm

I just did a comparison on the AUD time deposit interest rates at a few banks. ANZ 5.2% for 6 months is the highest compared to cimb and maybank. Buy and sell spread is also better. Unlike wespac , they do pay for weekends and public holidays.

Anyone know of any other bank with better rates?

Exchange rate now AUD : 1.26 SIN
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Re: AUD

Postby winston » Sun Mar 20, 2011 8:54 pm

kennynah wrote:thus, even as i may favour some Long term purchases of selected equities, especially those with dividends, i shd wana begin looking at currency plays...fx plays becos, IR has a very direct and profound impact on currencies... Long USD, Long GBP, Long EUR, Short AUD, Short JPY

i probably hold this view for the remaining 2011


Hmm... may I ask why would you be shorting the AUD ? Is that from a TA perspective ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: AUD

Postby kennynah » Mon Mar 21, 2011 6:11 am

just my tikam guess 8-) and by the way, i'm swayed by my TA outlook
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Re: AUD

Postby eauyong » Mon Mar 21, 2011 10:30 am

ho seh liao.....not an advice to trade, trade at own risks haha :)
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Re: AUD

Postby eauyong » Mon Mar 21, 2011 11:43 am

For ref.
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Re: AUD

Postby eauyong » Fri Apr 01, 2011 9:18 am

AUSSIE rate peaked at $1.0373 overnight in the US ;)
However, China's PMI for manufacturing in March is below expectation!
PMI Manufacturing (MAR) 53.4 VS 52.2 FEBRUARY; forecast : 54.0
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Re: AUD

Postby kennynah » Tue Apr 05, 2011 1:10 am

against the SGD...if AUD reaches 1.345 level... i say, a possible Short...
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Re: AUD

Postby eauyong » Tue Apr 05, 2011 8:07 am

Seems big money selling substantially pushing to below USD 1.04. Today is Reserve Bank of Australia Rate Decision at 12:30. Watch out :!:
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Re: AUD

Postby winston » Tue Apr 05, 2011 8:25 am

Vested

1) The Queensland Flood has reduced exports hence less buying of the AUD

2) I think they will have to raise interest rates to pay for their rebuilding efforts so the carry-trade could continue, especially from the Americans

3) With the Japanese earthquake, the Japanese government may sell some of their AUD

Anyway, it's all TCSS. The currency market is very big and efficient ...

And if you think you have all the answers, it means that you dont even know the questions in the first place :P
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