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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, Singapore
Posts: 179
14 years ago
Mar 2, 2010 14:16
In Thread: Commodity FX (CAD AUD NZD NOK)
anyone piling up on USDCAD longs in the low 1.03 levels?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 2, 2010 13:25
In Thread: Aussie Dressed up but where to Go?
I am guessing that Aust Housing data is going to only get worst in coming months with the hike in interest rates and now that the 1st home buyer advantage is over (finished last year). Aussies are very sensitive to higher interest rates and will drive the consumer confidence and housing data lower in coming months. In Australia, there is also a lot of foreign/asian buyers especially in the high-end properties -- with tightening in China and higher AUD, this will further affect the foreign/asian buyers.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 2, 2010 12:20
In Thread: GBP
Thanks Ashraf for the tweet and the latest video "My $GBPUSD Video Analysis w/ @cantoshttp://bit.ly/c8ayqu "

Great video !
Callum
Singapore
Posted Anonymously
14 years ago
Mar 2, 2010 12:03
In Thread: AUDNZD Looking for a Turn
@Pipster - To your question, what would get this pair lower? Risk aversion. Major sell-off in Gold. Stronger USD. Ashraf has calling Gold 1020, in-turn, will drag AUD to its knees.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 2, 2010 11:40
In Thread: AUDNZD Looking for a Turn
@pipster, if BOC going to drive CAD higher, it could (likely) to pull commodity (oil) and its relatives together (incl. Gold, AUD). Like the AUD pair, CAD seems to be making its move higher ahead of the rate decision. There are other factors that could limit a proportional raise in AUD. Notice how the USDCAD is diving lower below 1.04 with AUDUSD now above 90.

This could just be a simple US dollar correlation now vs. any sophisticated correlations given that even GBPUSD is climbing up despite lower than expected UK Construction PMI data and overall below 50.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 2, 2010 9:56
In Thread: AUDNZD Looking for a Turn
@pipster, before it aims for 1.30, it could be a grind to get to 12965 which was 08 high. Notice how many times the pair has tried and failed to get above this. Perhaps the +ve EUR CPI shortly or +ve BOC release rates announcement could help AUD pull with it for the short-term. Also, AUDUSD seems to be struggling to stay above 90 level.
Callum
Singapore
Posted Anonymously
14 years ago
Mar 2, 2010 7:56
In Thread: Commodity FX (CAD AUD NZD NOK)
@trader, I understand RNZ hike expectation was mid this year.

If you are worried about your existing shorts on AUDNZD, give it some patience. Ashraf has more details on rationale for short. I remind myself by looking at the monthly chart and notice that AUDNZD so far hasn't broken 1.30 psychological level or July 08 high around 1.2965. It could be a grind for AUDNZD to get to another 30 pips from 1.2935 at the time of writing. Wait for Gold to drop or even EURO, and AUD will come down with it.

Even if it does break 130 and holds today, it will be on tomorrow's newspaper in Australia, and it will be a story everyone will talk about, and could open up room for more buyers? That makes it even better time to position shorts. It hasn't happened yet, so let's see.

Callum
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 1, 2010 13:11
In Thread: GBP
@pippedoff, nice catch on EURGBP. I had 2 orders to catch it, STOP 9090 or LIMIT 9160, I was able to catch it on its way down after missing appx 12 or so pips from the 9160. Hope to be able to ride it till 88/86 :-) Callum
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 1, 2010 12:26
In Thread: GBP
I am hearing new on Prudential of Britain to Buy A.I.G. Unit in Asia for $35 Billion. The sums sound large enough to make a dent in GBPUSD.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 1, 2010 11:14
In Thread: EUR
EUR/GBP now certainly looks more interesting as target for short above 91 level, especially as today's EURO data (unemployment, PMI, etc) came in better than expected on top of expectation of some support on Greece (smile smile), while UK's PMI data came in weaker to add to the overall problems.

Will it aim for around 0.9165 region, which happens to coincide with 1) upper bollinger band on the weekly chart plus 2) 23.6% on f-retracement between June 09 low and Oct 09, 3) plus the Nov 09 high. Does it have legs to breach this? If it does, would it aim for the Oct 09 high?
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