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Posts by "callum"
241 Posts Total by "callum":
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Posts by Anonymous "callum":
* China raised interest rates on Oct 19 for the first time in nearly three years.
* The central bank opted to raise banks' reserve requirements on Nov 19 (9:30am EST) ahead of data which showed inflation hit a 28-month high of 5.1 percent.
October 19 Candle
* SPX on 19th was a bear candle, but continued to push to be bullish till last week without any major reversal
* AUDUSD 0.9956 - 0.9661 (295 pip) on October 19, without follow-through, bouncing back on the 20th.
November 19
SPX still closed higher than open
AUDUSD around 100 pips lower on 19th with follow-throughout the week
It be interesting to see how the AUDUSD opens Monday :-)
Also, AUDUSD short is against the sentiments in Australia at a psychologically level, ie, there's a big sense of national pride (grass-roots level) and celebration to see the AUD hit parity. Frankly, there's no logic to this parity sentiment; and even sound silly ... What's interesting though is that ASX is not hitting 5,000 levels this week ....