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by Ashraf Laidi
Posted: Feb 25, 2010 18:11
Comments: 168
View Hot-Chart
This thread was started in response to the Hot-Chart:

AUDNZD Looking for a Turn

 
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PippedOff
Canada
Posted Anonymously
14 years ago
Mar 4, 2010 23:06
RBA has laid down the law to the new prop desk traders they just brought in after firing the last ones for permitting their beloved AUDUSD sink below 0.9000.

The law states AUDNZD has already printed the low of the newly born trading day at 1.3086, and

If there is more than one down "red tick" trades in a row, you will terminated immediately and prosecuted to the full extent of Australian Law. Charges? Violating and making a mockery of the Australian National Pastime - propping the aussie currency.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 4, 2010 20:55
GOLD in AUSSIE terms topping out nicely at 1265 looking for 1240 trend line support (gold in Aussie terms)

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 4, 2010 20:00
rrose, i said on twitter today about some FNME-related rumours abt them leaving european banks and lookingto US treasuries. each time theres a flow fd demand in US treasuries (such as from japanese who who look for the coupon), yen drops vs USD and yen follows across the board. not sure if i buy these stories but one thing makes more sense is that yen srength was way too exxcessive yesterday that we're getting some retracement & risk aversion flows going to USD.


This AUDNZD trade is adding to momentum on general NZD weakness, hence, see that hedge on short NZDJPY.


Ashraf
BigV1911
Belfast, Great Britain
Posts: 6
14 years ago
Mar 4, 2010 19:42
@MO Thx Mo the chart I was using didn't go back that far!!
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 19:37
ashraf whats the story with this aud/jpy why dose it not go down with the aud/usd also you said having jpy in portfolio is a must witch cross do you prefer?
mo
liverpool, UK
Posts: 123
14 years ago
Mar 4, 2010 19:36
@Big V AUD/NZD was 1.42 in 1992 and before that 1.48 in 1988
BigV1911
Belfast, Great Britain
Posts: 6
14 years ago
Mar 4, 2010 18:04
@pipped off I was thinking of you when I wrote that!!! I think 1.36 is about the all time high!!
littlesnow
Finland
Posts: 10
14 years ago
Mar 4, 2010 18:01
The previous high will stand like a floor from the technical point of view. It will hardly drop below that and the interest paid for holding AUD short is terrible.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 4, 2010 17:58
@BigV-you just described WEATHERMEN ANALYSTS to a T!
BigV1911
Belfast, Great Britain
Posts: 6
14 years ago
Mar 4, 2010 17:29
@ Pipster I have an account in NZ and there analysts say aud/nzd could go to 1.36 like Mo said earlier. But they were also advising me to short at 1.2850 last week! Lucky I got out a while ago for a small loss!
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