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Posts by "pippedoff"

1087 Posts by Anonymous "pippedoff":
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 7:52
RBA last seen buying the Gold that China is waiting to buy at significantly lower Gold prices. RBA doesn;t care, it's doing whatever it takes to support the price of Aussie now.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 7:30
@wolf-tell us about your long GBPUSD:

anyone that can look at a chart can see and the next res. ashraf gives major direction, hes not often wrong in the long run, but can you take the draw downs?? maybe not. 38.2% retracement from the jan19th high would put us at 1.5422. come on guy's it dropped near enough to 1600 pips. its gona bounce, who knows where?? not me, but look at the chart

wolf
Melbourne, Australia


March 8, 2010 03:48 ET
Member since Feb 2009 In Thread: GBP

if cable breaks thru the 1.52 it could run all the way to 1.5350, take caution guy's. daily is lookin up!
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 7:15
The RBA's fingerprints ae all over this commodity-currency rally
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 7:07
@newpip-see what I mean. As soon as USDCAD caught a bid, then hand of the RBA came down and splatted it for 12 pips immediately.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 7:06
WQhose propping Gold here at 1122? Answer: RBA.

They are propping anything risk related to engorge in the National Pastime of Australia: propping the local Aussie currency
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 7:04
In Thread: JPY
@rose-USDJPY will get hammered again once the RBA and PPT stop intervening, and equities are "permited" to trade under their own derise. Without goosing of sppos, equities will fall sgarply, and so will USDJPY.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 6:52
RBA has now bid AUDNZD up 70 pips from the lows just a few hours ago to prop their beloved aussie at 1.0303
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 6:45
@pip-just watch USDCAD on a 1-minute chrt and you will see exactly what I am talking about. Every time it gets close to sniffing above 1.0300, the hand comes out and beats it down. Similar to watching AUDUSD on a 1-minute chart. Nearly every downtick is immediately met by the RBA with two upticks.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 6:40
@newpip - tough call. I think most of those here that are playing USDCAD are long. As you are aware, this pair has a tendency to trade inversely to the direction of oil as Canada is dependent on oil exports, therefore the "loonie" (the CAD part of USDCAD) is typically oil dependent.

However, there is a belief, which I do not share, that the BOC will rais einterest rates before the FED will. Unlike the RBA and there nonstop manipulation higher of their local currency AUD, the BOC often bemoans a strong loonie, and therefore would prefer a higher uSDCAD.

However, some analysts are now calling for parity on this pair as the Canadian economy is in far better shape that the U.S. counterpart. 1.2000 is vitally crucial support level for this pair.

What I have found very odd is the trading pattern of this pair the last few days. There is also short-term critical resistance around 1.0295/1.3005. Everytime this pair even takes a sniff in this direction, it gets beaten down immediately 15 pips, which it takes hours to recover.

How come someone isn't out screaming like the Greeks that there are speculators trying to drive this pair to parity, like their are manipulators, RBA, trying to drive AUDUSD to parity.

Your ranges are accurate. Clear break above 1.0310 and this pair will fly towards 1.040. The RBA knows this, and also knows higher prices in USDCAD tend to mean lower prices in AUD USD. So who is continuously hitting the offer on USD CAD?
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 6:31
In Thread: GBP
Careful of another mindless short squeeze here in GBPUSD. By all roghts, it should have gone to 1.49 on the RICS Housing news. However, the RAB needs to support risk appetite in order to prop up its overvalued currency Aussie. So not only is RBA selling a basket of currencies against AUD in regular FX transactions, they are also selling USDCAD, buying gold, and buying euro and GBPUSD.

Additionally, the EURGBP pair put on 80/90 pips yesterday. So as is the norm with GBPUSD after awful economic news, the offer on EURGBP will be hit all day as euro struggles and GBPUSD once again defies the odds and sqeezes shorts in yet another mindless short-covering squeeze.