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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 24, 2010 12:50
Just shorted some aud/usd @ .8925
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 23, 2010 19:15
WEATHERMAN makes an appearance:

The Weatherman Analyst at BNZ Bank lamenting the destruction of the Kiwi today, and is JUST NOW predicting and warning of lower price levels for Kiwi in the upcoming days. The WEATHERMAN is warning of asnother 100 pip drop in Kiwi. But this same guy yesterday was pounding table on Kiwi, knowing the Australian Pimp Deputy would be out "promoting" Aussie currency and Kiwi would gp for the ride. Kiwi down 130 pips in just a few hours, and now Weatherman BNZ is JUST NOW warning the public. As usual, Weatherman is telling the public which way the wind is blowing.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 23, 2010 18:47
For timing my exact entry I tend to use 1 hour chart, (look at all the upper wicks late session yesterday on 1 hr candles) To me that showed a lot of short interest building at around the 16.25 level...but really like observing the trend with 4 hr.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 23, 2010 18:22
And silver used to be heavily used in photographic films. In the pre-digital era, I remember being slightly worried (as a bit of an amateur photographer) by stories about future shortages of silver.
I wonder if the price took a hit when digital came in in a big way?

So on what timescales do you tend to trade it?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 23, 2010 17:52
@pippedoff, what level you think AUDUSD could get to with the help of RBA, GS, PPT, NAB, Westpac, etc? 90 plus room to breath? With Gold flirting 1100, sounds, they'd have a fair bit of work cut out for them!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 23, 2010 17:42
They are both considered "precious metals" and will trade in tandem. There are fundamental differences. Silver actually has many industrial applications vs gold which is basically just used for jewelry & investment. I have noticed over time that silver is often overlooked but can be very profitable to trade. I don't know the exact percentages right this minute, but last I checked silver was -2.4% vs gold -.93% on this selloff. I like to exploit that added volatility.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 23, 2010 17:32
:@Eelman: I've often thought about it, but never done it seriously. Are the fundamentals pretty much the same as for gold?
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 23, 2010 17:31
Dollar emphatically crushing everything...but gold still won't crack 1100!
Eelman
Maine , United States
Posted Anonymously
14 years ago
Feb 23, 2010 17:11
Pipped - Do you ever look at playing silver along with the gold? The % moves are much bigger and the PPT is far less concerned with its manipulation.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 23, 2010 17:01
I closed all my gold positions at a HUGE profit. However, I am not seeing any current bounce in the commodity currencies, so I am not sure Gold will be able to hold that 1103/1098 level today.

I am hoping/praying for the PPT/RBA intervention to prop risk trades higher here.