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241 Posts Total by "callum":
177 Posts by member
Callum
(Singapore, Singapore)
64 Posts by Anonymous "callum":
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Callum
Singapore
Posted Anonymously
13 years ago
Dec 28, 2010 12:15
In Thread: What's Next for Aussie?
AUDUSD "blasting" through high of 1.018 (and closing) be a worry for the shorts .... Else, hang in there ...
Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 28, 2010 11:45
In Thread: What's Next for Aussie?
Are we seeing a short squeeze?
Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 27, 2010 7:10
In Thread: USD
Is it just me who's surprised at the muted EURUSD response (and propped up mildly) during Asian session since open to the China rate hikes news?
Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 26, 2010 17:44
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
In terms of equity indices, just wondering whether if anyone thinks shorting ASX is better short than the AUDUSD in light of the China rates?
Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 26, 2010 11:06
In Thread: What's Next for Aussie?
@catnip, what's your target t/p on AUD short and timeframes?
Callum
Singapore
Posted Anonymously
13 years ago
Dec 26, 2010 7:57
In Thread: What's Next for Aussie?
Lets look at candle stick chart to see if we can tell what could happen to AUDUSD
* China raised interest rates on Oct 19 for the first time in nearly three years.
* The central bank opted to raise banks' reserve requirements on Nov 19 (9:30am EST) ahead of data which showed inflation hit a 28-month high of 5.1 percent.


October 19 Candle
* SPX on 19th was a bear candle, but continued to push to be bullish till last week without any major reversal
* AUDUSD 0.9956 - 0.9661 (295 pip) on October 19, without follow-through, bouncing back on the 20th.

November 19
SPX still closed higher than open
AUDUSD around 100 pips lower on 19th with follow-throughout the week

It be interesting to see how the AUDUSD opens Monday :-)
Callum
Singapore
Posted Anonymously
13 years ago
Dec 24, 2010 8:10
In Thread: What's Next for Aussie?
"fundamental storys out there that could tank the aud".... I'd love to see some healthy discussion on this. It seems AUD fundamentals, are less dependent from within, rather only vulnerable from external factors, as it is significantly linked to fundamentals of 1) Chinese economy, and specifically China's appetite to import from Aust. 2) Gold. Otherwise, the domestic macro seems to rock solid and continues to grow, with sustained stimulation from the government. The stronger AUD even means more people will be spending xmas holidays overseas, adding to the increased +ve consumer sentiments. Exactly same time last year, AUDUSD was tanking together with EURUSD despite gold staying high. What would tank the AUD? China! China is the only thing significant factor to move the needle. Picking holes in the fundamentals of the Chinese economy and its demand for resources in my view extremely hard...
Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 23, 2010 18:17
In Thread: What's Next for Aussie?
The more I read here, we may see AUDUSD pushed higher to catch stop-losses esp during this thin volume period. Let's see where AUDUSD closes NY close... Perhaps offers above 1.01xx be more interesting ...
Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 23, 2010 5:43
In Thread: JPY
@laurent, wanted to get your views again given USDJPY broke (albeit intraday) triangle to the downside, and a break below the Daily MA 100. Looks like it might look to test the low 82 levels as support. Timing / Volume maybe an issue this week ....
Callum
Singapore
Posted Anonymously
13 years ago
Dec 23, 2010 4:00
In Thread: What's Next for Aussie?
@chloe, I too can't make up my mind on AUDUSD short .... For NOW it appears the AUDUSD is highly correlated to #SPX (#Gold) which want to push upwards with this Santa rally. Not sure I am ready to short either one of those although would love to get views from the forum ....

Also, AUDUSD short is against the sentiments in Australia at a psychologically level, ie, there's a big sense of national pride (grass-roots level) and celebration to see the AUD hit parity. Frankly, there's no logic to this parity sentiment; and even sound silly ... What's interesting though is that ASX is not hitting 5,000 levels this week ....
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