Posts by "pippedoff"

@chloe-wellsince trading opened this week, everytime USDCAD gets any hint of momentum and struggles to get thru important resistance, it unceremoniously get beaten down immeditaely 15 pips.

You may think this is conspiracy theory, but I'm going to tell you my thoughts. Canada does not want a strong loonie. They prefer a strong USDCAD pair. So who will not allow USDCAD to even get to 1.0295.

Answer: RBA. They are so intent on showcasing Aussie as the stellar currency in the world. They know if USDCAD catches a bid, AUDUSD will trade inversely and go down. The trading in USDCAD is very suspicious. other pairs were all over the board the past two trading days. Not USDCAD.

So the question going forward is: does the RBA have enough bullets to not only sell all other currencies against its own beloved AUD in order to impress the world with its currency, but do they have even additional bullets to continually sit on the offer of USDCAD in an attempt to contain any advance which would hurt their own overvakued, overstuffed and blatantly maniuplated currency.

And here we have Greece screaming and crying foul about speculators driving up the cost of their financing. But it's ok for the RBA to manipukate their own currency.

RBA hitting the bid hard on AUDNZD in Sydney to support AUD vs all other pairs.

All RBA cares about is propping Aussie. Defended 0.9000 leading into NFP. Defending 0.9100 today. Like it means a hill of beans in the long term. But when your country's National pastime is propping your own currency so the world can be at awe of its 4% yield, then the RBA will take any necessary means to supoort Aussie, including selling a basket of currencies against the aussie in FX Open market.

Ashraf - I find it very interesting also that Greece, France and everyone else is blaming Hedge Funds for the decline in Euro.

How come know one blames Goldman Sachs for helping put Greece in this situation by packaging the swaps for huge commissions, then taking contra positions to their clients?

Eelman-not sure either one is a good move. USDCAD also going down due to "strength" in Canadian economy and the increasing probability BOC raises before FED.

Gonna work out the current open positions in commodity-backed currency pairs, then sticking with eur firstg, then gbp and gold