Forum > View Topic
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)
 
1...280281282283284285286287288289290291292293294...312
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 4, 2010 22:18
The RBA has just fired the entire prop trading desk at Westpac for allowing their beloved Aussie to fall below 0.900. HOMER WEATHERMEN anaylysts at Westpac have been warned by RBA to get out and Pump Aussie with tales of parity some more, otherwise their summer beach cottages and winter ski chalets will be taken back.

RBA told Westpac HOMER analysts to at least put out a report stating fair value of Aussie is 0.9334 like all the other WEATHERMAN HOMER analysts have been doing.
chloethebull
Posted Anonymously
14 years ago
Mar 4, 2010 21:33
ya i agree..it can break out any day...im lookin to buy anything under 1.0300 @ my other acct..ashraf 1.0270 is holding up nicely..plus gold weakening..just need a couple catylyst to give it a lil push...im actually waiting for the typical trfecta of usd news..im holding all my gold for 1070 an usdcad 1.0700 i just need to show some paitients an step away from the computer..lol..gl ttyl
Farzan
Oakville, Canada
Posts: 10
14 years ago
Mar 4, 2010 21:30
Hi Ashraf,

Just wanted you input on USD/CAD; I am long at 1.0317 and put my stop-loss at parity; do you see the pair hitting parity? and my profit target is around 1.06.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 4, 2010 21:26
@chloe-the price action in USDCAD lately reminds me of how it was in early-mid Jan before it finally "broke-out" to 1.0720
chloethebull
Posted Anonymously
14 years ago
Mar 4, 2010 20:30
@ashraf or any1, is cad finance min oflarety releasing canadas 2010 budget today?if so is there anything to look for..ok thanks gl
Gunjack
London, UK
Posts: 1184
14 years ago
Mar 4, 2010 18:17
NZVIK agree about commodities...I do think we will be re-testing 2010 highs in Oil...subject to further tightening from China
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 4, 2010 18:13
i think a commodity rally is just round the corner coupled with USD declines - gold could be back over 1200 and oil could be around 85 - will unfold after NFP
littlesnow
Finland
Posts: 10
14 years ago
Mar 4, 2010 18:05
Shorting commodity currencies seems to be frustrating if not entered at a right time. You have to wait for the rain!
Rob
New York, United States
Posts: 305
14 years ago
Mar 4, 2010 16:42
Hey Ashraf,

Thanks for the heads up tweet on AUD/USD - I managed to get in just as it failed the 50-day SMA on 15-min chart at 90.13. I'll shoot for 89.50 unless you mention otherwise. Thanks again.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 4, 2010 16:17
@chloe-and when I mean lost confidence in USDCAD, I mean ALL confidence

@Xaron-the RBA does sell currencies in FX, but it is non-aussie currencies. They sell them against aussie currencies to PROP their beloved aussie.
Report Reply
1...280281282283284285286287288289290291292293294...312